Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +1.102%

Price spread now: KuCoin against Injective−0.441%7-day average — · you buy dearer than you sell

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

Long on Injective Short on KuCoin

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. KuCoin is 0.441% cheaper against Injective than usual: you would sell low and buy high (spread −0.441% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$44 on $10k: about 22 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective CC/USDC PERP	0.1180	0.0033	pay 0.0004% / 1h	28m 49s	$402	$3K	5.5x
Short	KuCoin CCUSDTM	0.1175	0.0100	get 0.0050% / 4h	2h 28m	$484K	$104K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Injective. 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 InjectivebpFee KuCoinbpOrdersPrice spread, now −0.441%Rate

Funding earned: $14
Price spread: −0.441% → 0.000%: −$44.07
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$42.09
Costs to cover: 0.120%
Break-even: 28.0 days

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 30 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 30 min ago	21.30 bp	132.9 bp −$133	doesn't fit	doesn't fit	doesn't fit

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.

CC on 19 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
MEXC CC_USDT	−0.0472%	4h	0.1174	−0.542%	$1.8M	$333K	100x	as long as short
Bybit CCUSDT	−0.0470%	4h	0.1173	−0.559%	$10.8M	$3.8M	25x	as long as short
Injective CC/USDC PERPlong	+0.0033%	1h	0.1180	long leg	$402	$3K	5.5x
Paradex CC-USD-PERP	+0.0084%	8h	0.1173	−0.594%	$1K	—	5x	as long as short
Hyperliquid CC	+0.0100%	1h	0.1174	−0.483%	$5.5M	$1.3M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1174	−0.500%	$35K	$32K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1173	−0.600%	$11.0M	$11.8M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1173	−0.568%	$2.5M	$3.1M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1174	−0.525%	$364K	$206K	50x	as long as short
KuCoin CCUSDTMshort	+0.0100%	4h	0.1175	−0.441%	$484K	$104K	50x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CCUSDT	+0.0100%	4h	0.1173	−0.610%	$918K	$769K	20x	as long as short
BingX CC-USDT	+0.0100%	4h	0.1173	−0.627%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1174	−0.466%	$15K	$23K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1173	−0.596%	$598K	$56K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1174	−0.535%	$83K	$2.7M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1174	−0.532%	$6K	$33K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1174	−0.542%	$594K	$98K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0450% / S −0.0241%	1h	0.1176	−0.372%	$44K	—	50x	as long as short
Lighter CC	+0.0680%	1h	0.1181	+0.059%	$253K	$170K	5x	as long as short