Funding arb · Price arb /

CHZ

all CHZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0027%/8h= +3.0% APRpaid last 24h +0.042%

Price spread now: Injective against Bybit−1.870%7-day average — · you buy dearer than you sell

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

Long on Bybit 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 1.870% cheaper against Bybit than usual: you would sell low and buy high (spread −1.870% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$187 on $10k: about 8 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	Bybit CHZUSDT	0.01604	0.0006	pay 0.0006% / 8h	7h 55m	$4.1M	$1.4M	75x
Short	Injective CHZ/USDC PERP	0.01574	0.0033	get 0.0004% / 1h	55m 22s	$1K	$7	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bybit. 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 BybitbpFee InjectivebpOrdersPrice spread, now −1.870%Rate

Funding earned: $5.67
Price spread: −1.870% → 0.000%: −$187.03
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$192.38
Costs to cover: 0.110%
Break-even: 244.5 days

Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago	3.12 bp	33.4 bp −$33	103.2 bp −$1,032	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.

CHZ 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
dYdX CHZ-USD	−0.0232%	1h	0.01606	+0.148%	$2K	$5	5x	as long as short
Bybit CHZUSDTlong	+0.0006%	8h	0.01604	long leg	$4.1M	$1.4M	75x
Injective CHZ/USDC PERPshort	+0.0033%	1h	0.01574	−1.870%	$1K	$7	5.5x
Gate CHZ_USDT	+0.0034%	8h	0.01605	+0.062%	$315K	$313K	50x	as long as short
Kraken Futures PF_CHZUSD	+0.0050%	1h	0.01603	−0.061%	$77K	$52K	25x	as long as short
BloFin CHZ-USDT	+0.0077%	8h	0.01601	−0.187%	$325K	$27K	75x	as long as short
Aster CHZUSDT	+0.0100%	8h	0.01606	+0.116%	$21K	$6K	10x	as long as short
Binance CHZUSDT	+0.0100%	8h	0.01604	+0.028%	$6.8M	$12.1M	75x	as long as short
OKX CHZ-USDT-SWAP	+0.0100%	8h	0.01603	−0.062%	$1.6M	$3.2M	50x	as long as short
MEXC CHZ_USDT	+0.0100%	8h	0.01605	+0.062%	$4.5M	$898K	200x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin CHZUSDTM	+0.0100%	8h	0.01605	+0.062%	$685K	$139K	50x	as long as short
Bitget CHZUSDT	+0.0100%	8h	0.01604	0.000%	$3.8M	$782K	75x	as long as short
BingX CHZ-USDT	+0.0100%	8h	0.01606	+0.125%	—	$2.4M	—	as long as short
Variational Omni CHZ	+0.0100%	8h	0.01603	−0.045%	$4K	$4K	—	as long as short
ApeX Omni CHZUSDT	+0.0100%	1h	0.01604	0.000%	$45K	$669K	50x	as long as short
SoDEX CHZ-USD	+0.0100%	1h	0.01603	−0.062%	$297	$6K	5x	as long as short
HTX CHZ-USDT	+0.0100%	8h	0.01604	0.000%	$53K	$84K	20x	as long as short
Extended CHZ-USD	+0.0104%	1h	0.01604	−0.014%	$2K	$268K	10x	as long as short
GMX CHZ/USD [ETH-USDC]	L +0.0408% / S −0.0104%	1h	0.01603	−0.044%	$8K	—	50x	as long as short