INIT

Alert

Funding spread now, next payment 19:00 UTC−0.0271%/8h

paid, last 24h−0.494%paid, last 4 days+0.566%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_INITUSD	0.08115	0.0371	pay 0.0046% / 1h	42m 21s	$5K	$20K	10x
Short	Gate INIT_USDT	0.08108	0.0100	get 0.0100% / 8h	5h 42m	$82K	$56K	25x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee GatebpOrdersRate

Funding earned: −$56.98
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$81.98
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Gate: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.083%
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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Gate no order-book sample	—	—	—	—	—

Kraken Futures and 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	$293K	$242K	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	$1.5M	25x	as long as short
OKX INIT-USDT-SWAP	+0.0100%	4h	$132K	$637K	10x	as long as short
Gate INIT_USDTshort	+0.0100%	8h	$82K	$56K	25x
MEXC INIT_USDT	+0.0100%	4h	$439K	$212K	20x	as long as short
KuCoin INITUSDTM	+0.0100%	4h	$323K	$58K	25x	as long as short
Bitget INITUSDT	+0.0100%	4h	$423K	$313K	25x	as long as short
BingX INIT-USDT	+0.0100%	4h	—	$6.6M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni INIT	+0.0100%	4h	$26K	$23K	—	as long as short
BloFin INIT-USDT	+0.0105%	4h	$158K	$107K	25x	as long as short
Kraken Futures PF_INITUSDlong	+0.0371%	1h	$5K	$20K	10x