INIT

Alert

Funding spread now, next payment 20:00 UTC−0.0035%/8h

next payment, per $10,000−$0.18paid, last 24h0.000%paid, last 5 days+0.068%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster INITUSDT	0.08095	0.0100	pay 0.0050% / 4h	2h 39m	$27K	$36K	5x
Short	BloFin INIT-USDT	0.08133	0.0065	get 0.0032% / 4h	2h 39m	$163K	$107K	25x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee BloFinbpOrdersRate

Funding earned: −$7.38
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$27.38
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; BloFin: live order book, 49 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.465%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster no order-book sample	—	—	—	—	—
Sell BloFin live order book, 49 min ago	9.72 bp	29.8 bp −$30	69.4 bp −$694	doesn't fit	doesn't fit

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

INIT on 13 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin INIT-USDTshort	+0.0065%	4h	$163K	$107K	25x
Hyperliquid INIT	+0.0100%	1h	$297K	$238K	3x	as long as short
Aster INITUSDTlong	+0.0100%	4h	$27K	$36K	5x
Binance INITUSDT	+0.0100%	4h	$3.4M	$3.7M	25x	as long as short
Bybit INITUSDT	+0.0100%	4h	$1.4M	$1.4M	25x	as long as short
OKX INIT-USDT-SWAP	+0.0100%	4h	$132K	$640K	10x	as long as short
Gate INIT_USDT	+0.0100%	8h	$82K	$56K	25x	as long as short
MEXC INIT_USDT	+0.0100%	4h	$489K	$203K	20x	as long as short
KuCoin INITUSDTM	+0.0100%	4h	$323K	$58K	25x	as long as short
Bitget INITUSDT	+0.0100%	4h	$423K	$318K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BingX INIT-USDT	+0.0100%	4h	—	$6.6M	—	as long as short
Variational Omni INIT	+0.0100%	4h	$26K	$22K	—	as long as short
Kraken Futures PF_INITUSD	+0.0287%	1h	$5K	$20K	10x	as long as short