Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.083%

Price spread now: Gate against Injective+9.712%7-day average — · you sell dearer than you buy

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

Long on Injective Short on Gate

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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and Gate is 9.712% dearer against Injective than usual: you sell high and buy low: +$971 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective H/USDC PERP	0.06250	0.0033	pay 0.0004% / 1h	50m 31s	$1K	$1	5.5x
Short	Gate H_USDT	0.06857	0.0100	get 0.0050% / 4h	3h 50m	$2.8M	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +9.712%Rate

Funding earned: $14
Price spread: +9.712% → 0.000%: $971.2
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $970.18
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Gate: live order book, 2 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 Gate live order book, 2 min ago	6.53 bp	216.5 bp −$216	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.

H on 14 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 H/USDC PERPlong	+0.0033%	1h	0.06250	long leg	$1K	$1	5.5x
BloFin H-USDT	+0.0078%	4h	0.06905	+10.480%	$591K	$103K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06871	+9.932%	$111K	$60K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06868	+9.887%	$14.6M	$10.5M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06861	+9.778%	$7.5M	$4.9M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06876	+10.016%	$1.8M	$6.3M	10x	as long as short
Gate H_USDTshort	+0.0100%	4h	0.06857	+9.712%	$2.8M	$1.6M	10x
MEXC H_USDT	+0.0100%	4h	0.06872	+9.952%	$6.2M	$1.2M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06872	+9.952%	$1.6M	$10.1M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06870	+9.920%	$1.7M	$413K	4x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.06880	+10.080%	—	$2.8M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06896	+10.342%	$9K	$3K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06917	+10.674%	$1.1M	$447K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06870	+9.924%	$9K	$201K	5x	as long as short