Funding arb · Price arb /

EGLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.006%

Price spread now: Injective against Bybit−16.324%68s7-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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 16.324% cheaper against Bybit than usual: you would sell low and buy high (−$1,632 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 68 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	Bybit EGLDUSDT	4.3740	0.0100	pay 0.0100% / 8h	20m 11s	$2.5M	$6.7M	75x
Short	Injective EGLD/USDC PERP	3.6600	0.0033	get 0.0004% / 1h	20m 11s	$16	$46K	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 −16.324%Rate

Funding earned: −$14
Price spread: −16.324% → 0.000%: −$1,632.37
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: −$1,657.39
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 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, 3 min ago	4.56 bp	15.9 bp −$16	52.3 bp −$523	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.

EGLD on 12 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
Kraken Futures PF_EGLDUSD	−0.0444%	1h	4.3789	+0.112%	$438K	$580K	20x	as long as short
Injective EGLD/USDC PERPshort	+0.0033%	1h	3.6600	−16.324%	$16	$46K	5.5x
Binance EGLDUSDT	+0.0100%	8h	4.3758	+0.040%	$4.5M	$20.4M	75x	as long as short
Bybit EGLDUSDTlong	+0.0100%	8h	4.3740	long leg	$2.5M	$6.7M	75x
Gate EGLD_USDT	+0.0100%	8h	4.3860	+0.274%	$450K	$511K	30x	as long as short
MEXC EGLD_USDT	+0.0100%	8h	4.3750	+0.023%	$4.0M	$2.8M	125x	as long as short
KuCoin EGLDUSDTM	+0.0100%	8h	4.3820	+0.183%	$2.8M	$997K	50x	as long as short
Bitget EGLDUSDT	+0.0100%	8h	4.3760	+0.046%	$2.2M	$3.2M	75x	as long as short
Variational Omni EGLD	+0.0100%	8h	4.3722	−0.040%	$16K	$54K	—	as long as short
BloFin EGLD-USDT	+0.0220%	8h	4.3720	−0.046%	$212K	$553K	75x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX EGLD-USDT	+0.0422%	8h	4.3770	+0.069%	—	$2.8M	—	as long as short
OKX EGLD-USDT-SWAP	+0.0436%	8h	4.3820	+0.183%	$597K	$3.3M	20x	as long as short