Funding arb · Price arb /

BX

RWAall BX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h −0.050%

Price spread now: Injective against Bitget+9.564%51s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 9.564% dearer against Bitget than usual: you sell high and buy low: +$956 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BXUSDT	126.62	0	get 0.0000% / 8h	7h 28m	$899K	$39K	20x
Short	Injective BX/USDC PERP	138.73	0.0220	get 0.0028% / 1h	28m 34s	$4K	$32K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bitget. 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

Position, each leg$Hold fordaysFee BitgetbpFee InjectivebpOrdersPrice spread, now +9.564%Rate

Funding earned: $46.2
Price spread: +9.564% → 0.000%: $956.4
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $990.58
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Bitget: live order book, 42 min ago; Injective: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 42 min ago	4.74 bp	229.9 bp −$230	488.2 bp −$4,882	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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.

BX on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BXUSDT	0.0000%	8h	126.44	−0.144%	$5K	$2K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.59	−0.024%	$488K	$866K	25x	as long as short
QFEX BX-USD	0.0000%	1h	127.02	+0.316%	$1.1M	$1.4M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.68	+0.047%	$425K	$27K	20x	as long as short
Bitget BXUSDTlong	0.0000%	8h	126.62	long leg	$899K	$39K	20x
SunX BX-USDT	0.0000%	8h	126.58	−0.032%	$934	$311K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.69	+0.055%	$7K	$3K	20x	as long as short
Injective BX/USDC PERPshort	+0.0220%	1h	138.73	+9.564%	$4K	$32K	12x
OKX BX-USDT-SWAP	+0.0249%	8h	126.60	−0.016%	$164K	$111K	20x	as long as short
tradeXYZ xyz:BX	+0.0549%	1h	126.51	−0.087%	$665K	$207K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BXUSDTM	+0.1135%	8h	126.43	−0.150%	$111K	$1.1M	20x	as long as short
Variational Omni BX	+0.1319%	8h	126.58	−0.031%	$31K	$127	—	as long as short
Binance BXUSDT	+0.1691%	8h	126.62	0.000%	$796K	$479K	20x	as long as short
GRVT BX_USDT_Perp	+0.2185%	8h	126.63	+0.008%	$322	$120K	10x	as long as short