Settings8H · net · $10k
Funding arb · Price arb /

INIT

all INIT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Gate against BingX0.000%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX INIT-USDT0.082950.0100pay 0.0050% / 4h1h 15m$6.6M
ShortGate INIT_USDT0.082950.0100get 0.0100% / 8h5h 15m$84K$56K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against BingX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: 0.000% → 0.000%
$0
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$25
Costs to cover
0.250%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 2 min ago; Gate: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 2 min ago7.22 bp41.3 bp −$4190.6 bp −$906518.8 bp −$51.9K806.4 bp −$403.2K
Sell Gate no order-book sample
Gate: 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: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin INIT-USDT+0.0084%4h0.08328+0.398%$111K$112K25xas long as short
Hyperliquid INIT+0.0100%1h0.08296+0.017%$302K$227K3xas long as short
Aster INITUSDT+0.0100%4h0.08297+0.026%$27K$39K5xas long as short
Binance INITUSDT+0.0100%4h0.08297+0.021%$3.4M$3.8M25xas long as short
Bybit INITUSDT+0.0100%4h0.08285−0.121%$1.4M$1.5M25xas long as short
OKX INIT-USDT-SWAP+0.0100%4h0.08296+0.012%$137K$668K10xas long as short
Gate INIT_USDTshort+0.0100%8h0.082950.000%$84K$56K25x
MEXC INIT_USDT+0.0100%4h0.08298+0.036%$450K$211K20xas long as short
KuCoin INITUSDTM+0.0100%4h0.08297+0.024%$330K$55K25xas long as short
Bitget INITUSDT+0.0100%4h0.08298+0.036%$430K$315K25xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX INIT-USDTlong+0.0100%4h0.08295long leg$6.6M
Variational Omni INIT+0.0100%4h0.08288−0.086%$26K$23Kas long as short
Kraken Futures PF_INITUSD+0.0241%1h0.08246−0.592%$3K$19K10xas long as short