INIT

Alert

Funding spread now, next payment 17:00 UTC−0.0588%/8h

paid, last 24h+0.482%paid, last 4 days−0.577%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit INITUSDT	0.08179	0.0100	pay 0.0050% / 4h	3h 18m	$1.4M	$1.4M	25x
Short	Kraken Futures PF_INITUSD	0.08186	−0.0488	pay 0.0061% / 1h	18m 04s	$6K	$20K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee Kraken FuturesbpOrdersRate

Funding earned: −$123.43
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$144.43
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 4 min ago; Kraken Futures: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.090%
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 Bybit live order book, 4 min ago	3.67 bp	45.8 bp −$46	106.7 bp −$1,067	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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
Kraken Futures PF_INITUSDshort	−0.0488%	1h	$6K	$20K	10x
Hyperliquid INIT	+0.0100%	1h	$304K	$238K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	$27K	$36K	5x	as long as short
Binance INITUSDT	+0.0100%	4h	$3.4M	$3.7M	25x	as long as short
Bybit INITUSDTlong	+0.0100%	4h	$1.4M	$1.4M	25x
OKX INIT-USDT-SWAP	+0.0100%	4h	$134K	$654K	10x	as long as short
Gate INIT_USDT	+0.0100%	8h	$83K	$57K	25x	as long as short
MEXC INIT_USDT	+0.0100%	4h	$498K	$202K	20x	as long as short
KuCoin INITUSDTM	+0.0100%	4h	$326K	$59K	25x	as long as short
Bitget INITUSDT	+0.0100%	4h	$429K	$320K	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
BloFin INIT-USDT	+0.0140%	4h	$164K	$108K	25x	as long as short