Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.010%

Price spread now: Injective against HTX−1.197%7-day average — · you buy dearer than you sell

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

Funding pays, the price is against you. Injective is 1.197% cheaper against HTX than usual: you would sell low and buy high (spread −1.197% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$120 on $10k: about 4 months of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX COST-USDT	902.79	0	get 0.0000% / 8h	3h 15m	$10K	$42K	10x
Short	Injective COST/USDC PERP	891.98	0.0033	get 0.0004% / 1h	15m 16s	$2K	$28K	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 −1.197%Rate

Funding earned: $7
Price spread: −1.197% → 0.000%: −$119.74
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: −$124.76
Costs to cover: 0.120%
Break-even: 131.8 days

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.

COST on 15 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 COSTUSDT	0.0000%	8h	901.03	−0.195%	$45K	$178	20x	as long as short
Binance COSTUSDT	0.0000%	8h	900.98	−0.200%	$1.1M	$952K	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	901.19	−0.177%	$491K	$220K	25x	as long as short
Gate COST_USDT	0.0000%	8h	900.97	−0.202%	$522K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	901.15	−0.182%	$403K	$78K	25x	as long as short
Variational Omni COST	0.0000%	8h	900.81	−0.220%	$41K	$13K	—	as long as short
SunX COST-USDT	0.0000%	8h	899.70	−0.342%	$1K	$2.8M	10x	as long as short
HTX COST-USDTlong	0.0000%	8h	902.79	long leg	$10K	$42K	10x
OKX COST-USDT-SWAP	+0.0006%	8h	901.44	−0.150%	$441K	$116K	10x	as long as short
QFEX COST-USD	+0.0009%	1h	900.73	−0.228%	$1.1M	$2.5M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective COST/USDC PERPshort	+0.0033%	1h	891.98	−1.197%	$2K	$28K	12x
Extended COST-USD	+0.0040%	1h	898.25	−0.503%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	900.66	−0.236%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	900.70	−0.232%	$1.8M	$517K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	900.30	−0.276%	$48K	$891K	20x	as long as short