Funding arb · Price arb /

BX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h −0.006%

Price spread now: Injective against HTX+9.693%65s7-day average — · you sell dearer than you buy

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

Long on HTX 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 9.693% dearer against HTX than usual: you sell high and buy low: +$969 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 65 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	HTX BX-USDT	126.48	0	get 0.0000% / 8h	36m 05s	$7K	$4K	20x
Short	Injective BX/USDC PERP	138.74	0.0220	get 0.0028% / 1h	36m 05s	$4K	$32K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against HTX. 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 HTXbpFee InjectivebpOrdersPrice spread, now +9.693%Rate

Funding earned: $46.2
Price spread: +9.693% → 0.000%: $969.32
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,003.5
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: HTX: no order-book sample; 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 HTX no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

HTX and 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	126.31	−0.135%	$5K	$868	20x	as long as short
Binance BXUSDT	0.0000%	8h	126.41	−0.058%	$773K	$482K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.45	−0.024%	$482K	$803K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.46	−0.016%	$163K	$112K	20x	as long as short
QFEX BX-USD	0.0000%	1h	126.91	+0.340%	$1.1M	$1.4M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.48	0.000%	$422K	$25K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.49	+0.008%	$899K	$27K	20x	as long as short
Variational Omni BX	0.0000%	8h	126.38	−0.083%	$43K	$12K	—	as long as short
SunX BX-USDT	0.0000%	8h	126.41	−0.055%	$172	$289K	10x	as long as short
HTX BX-USDTlong	0.0000%	8h	126.48	long leg	$7K	$4K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:BX	+0.0050%	1h	126.30	−0.142%	$664K	$225K	10x	as long as short
GRVT BX_USDT_Perp	+0.0057%	8h	126.38	−0.079%	$933	$100K	10x	as long as short
KuCoin BXUSDTM	+0.0100%	8h	126.23	−0.198%	$110K	$775K	20x	as long as short
Injective BX/USDC PERPshort	+0.0220%	1h	138.74	+9.693%	$4K	$32K	12x