Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.3124%/8h= −342.1% APRpaid last 24h −1.155%

Price spread now: Injective against KuCoin+0.777%7-day average — · you sell dearer than you buy

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

Long on KuCoin 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

The price spread pays, funding is against you. Injective is 0.777% dearer against KuCoin than usual: you sell high and buy low (spread +0.777% now, against zero (this spread has no 7-day history yet)): +$78 on $10k if it goes back. Holding the pair costs −$94 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CCUSDTM	0.1171	0.0100	pay 0.0050% / 4h	18m 45s	$482K	$122K	50x
Short	Injective CC/USDC PERP	0.1180	−0.3024	pay 0.0378% / 1h	18m 45s	$402	$3K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 KuCoinbpFee InjectivebpOrdersPrice spread, now +0.777%Rate

Funding earned: −$656.03
Price spread: +0.777% → 0.000%: $77.72
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$590.33
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 64 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 KuCoin live order book, 64 min ago	22.44 bp	243.7 bp −$244	doesn't fit	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.

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
Injective CC/USDC PERPshort	−0.3024%	1h	0.1180	+0.777%	$402	$3K	5.5x
Bybit CCUSDT	−0.0212%	4h	0.1169	−0.128%	$10.7M	$3.9M	25x	as long as short
MEXC CC_USDT	−0.0202%	4h	0.1170	−0.111%	$1.7M	$332K	100x	as long as short
Paradex CC-USD-PERP	+0.0098%	8h	0.1170	−0.073%	$1K	—	5x	as long as short
Hyperliquid CC	+0.0100%	1h	0.1172	+0.060%	$5.5M	$1.4M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1171	−0.003%	$35K	$32K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1169	−0.154%	$11.0M	$12.2M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1171	−0.034%	$2.5M	$3.3M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1169	−0.145%	$362K	$217K	50x	as long as short
KuCoin CCUSDTMlong	+0.0100%	4h	0.1171	long leg	$482K	$122K	50x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CCUSDT	+0.0100%	4h	0.1169	−0.145%	$915K	$787K	20x	as long as short
BingX CC-USDT	+0.0100%	4h	0.1170	−0.051%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1170	−0.043%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1170	−0.091%	$596K	$56K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1170	−0.043%	$91K	$2.4M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1169	−0.136%	$6K	$35K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1169	−0.162%	$592K	$98K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0448% / S −0.0241%	1h	0.1171	+0.021%	$44K	—	50x	as long as short
Lighter CC	+0.0616%	1h	0.1175	+0.367%	$243K	$160K	5x	as long as short