Funding arb · Price arb /

EGLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.099%

Price spread now: Injective against KuCoin−16.553%100s7-day average — · you buy dearer than you sell

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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 16.553% cheaper against KuCoin than usual: you would sell low and buy high (−$1,655 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 100 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	KuCoin EGLDUSDTM	4.3860	0.0100	pay 0.0100% / 8h	1h 21m	$2.8M	$1.1M	50x
Short	Injective EGLD/USDC PERP	3.6600	0.0033	get 0.0004% / 1h	21m 31s	$16	$46K	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 −16.553%Rate

Funding earned: −$14
Price spread: −16.553% → 0.000%: −$1,655.27
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: −$1,681.29
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 6 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, 6 min ago	7.99 bp	65.2 bp −$65	357.9 bp −$3,579	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	−0.0167%	1h	4.3810	−0.115%	$440K	$706K	20x	as long as short
Injective EGLD/USDC PERPshort	+0.0033%	1h	3.6600	−16.553%	$16	$46K	5.5x
Binance EGLDUSDT	+0.0100%	8h	4.3800	−0.137%	$4.5M	$24.0M	75x	as long as short
Bybit EGLDUSDT	+0.0100%	8h	4.3750	−0.251%	$2.5M	$7.8M	75x	as long as short
Gate EGLD_USDT	+0.0100%	8h	4.3860	0.000%	$448K	$614K	30x	as long as short
MEXC EGLD_USDT	+0.0100%	8h	4.3780	−0.182%	$4.0M	$2.9M	125x	as long as short
KuCoin EGLDUSDTMlong	+0.0100%	8h	4.3860	long leg	$2.8M	$1.1M	50x
Bitget EGLDUSDT	+0.0100%	8h	4.3810	−0.114%	$2.2M	$3.9M	75x	as long as short
Variational Omni EGLD	+0.0100%	8h	4.3782	−0.177%	$16K	$55K	—	as long as short
BloFin EGLD-USDT	+0.0220%	8h	4.3710	−0.342%	$211K	$569K	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	+0.0370%	8h	4.3830	−0.068%	—	$2.8M	—	as long as short
OKX EGLD-USDT-SWAP	+0.0390%	8h	4.3770	−0.205%	$594K	$4.0M	20x	as long as short