INIT

Alert

Funding spread now, next payment 20:00 UTC0.0000%/8h

paid, last 24h0.000%paid, last 5 days+0.060%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate INIT_USDT	0.08133	0.0100	pay 0.0100% / 8h	6h 41m	$83K	$56K	25x
Short	BingX INIT-USDT	0.08120	0.0100	get 0.0050% / 4h	2h 41m	—	$6.6M	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BingXbpOrdersRate

Funding earned: $0
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$25
Break-even: never at this rate

Slippage unknown: Gate: no order-book sample; BingX: live order book, 2 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.160%
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 Gate no order-book sample	—	—	—	—	—
Sell BingX live order book, 2 min ago	6.15 bp	24.9 bp −$25	87.5 bp −$875	417.9 bp −$41.8K	704.4 bp −$352.2K

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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Hyperliquid INIT	+0.0100%	1h	$298K	$240K	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 INITUSDT	+0.0100%	4h	$1.4M	$1.4M	25x	as long as short
OKX INIT-USDT-SWAP	+0.0100%	4h	$132K	$642K	10x	as long as short
Gate INIT_USDTlong	+0.0100%	8h	$83K	$56K	25x
MEXC INIT_USDT	+0.0100%	4h	$497K	$202K	20x	as long as short
KuCoin INITUSDTM	+0.0100%	4h	$323K	$58K	25x	as long as short
Bitget INITUSDT	+0.0100%	4h	$424K	$318K	25x	as long as short
BingX INIT-USDTshort	+0.0100%	4h	—	$6.6M	—

Show all 13 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni INIT	+0.0100%	4h	$26K	$22K	—	as long as short
BloFin INIT-USDT	+0.0150%	4h	$163K	$107K	25x	as long as short
Kraken Futures PF_INITUSD	+0.0286%	1h	$6K	$20K	10x	as long as short