data as of
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Funding arb /

INIT

all INIT markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 16:00 UTC0.0000%/8h
paid, last 24h0.000%paid, last 7 days0.000%to open and closeno order book
Long on BinanceShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance INITUSDT0.081850.0100pay 0.0050% / 4h21m 40s$3.4M$3.8M25x
ShortHyperliquid INIT0.081890.0100get 0.0013% / 1h21m 40s$304K$240K3x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$0
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$19
Break-even
never at this rate
Slippage unknown: Binance: live order book, 2 min ago; Hyperliquid: live order book, 59 min ago. Net counts fees only.

Price risk

price view
Price gap now
+0.054%
Avg gap 7d
−0.006%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 2 min ago2.44 bp27.7 bp −$2896.9 bp −$969doesn't fitdoesn't fit
Sell Hyperliquid live order book, 59 min ago6.34 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

INIT on 13 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
BloFin INIT-USDT+0.0055%4h$168K$108K25xas long as short
Hyperliquid INITshort+0.0100%1h$304K$240K3x
Aster INITUSDT+0.0100%4h$27K$36K5xas long as short
Binance INITUSDTlong+0.0100%4h$3.4M$3.8M25x
Bybit INITUSDT+0.0100%4h$1.4M$1.4M25xas long as short
OKX INIT-USDT-SWAP+0.0100%4h$135K$654K10xas long as short
Gate INIT_USDT+0.0100%8h$83K$57K25xas long as short
MEXC INIT_USDT+0.0100%4h$496K$201K20xas long as short
KuCoin INITUSDTM+0.0100%4h$331K$58K25xas long as short
Bitget INITUSDT+0.0100%4h$459K$269K25xas long as short
Show all 13 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
BingX INIT-USDT+0.0100%4h—$6.6M—as long as short
Variational Omni INIT+0.0100%4h$27K$22K—as long as short
Kraken Futures PF_INITUSD+2.6022%1h$6K$20K10xas long as short