data as of
Settings8H · net · $10k
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Price arb /

INIT

all INIT markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$17
spread now+0.778%7d average+0.010%fees + slippage, in and out−$94spread needed0.942%
Long on BinanceShort on BloFin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance INITUSDT0.082420.0100pay 0.0050% / 4h3h 29m$3.4M$3.7M25x
ShortBloFin INIT-USDT0.083060.0087get 0.0043% / 4h3h 29m$164K$109K25x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$77.79
Funding while held
−$0.39
Slippage, 4 orders
−$72.17
Fee Binance: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$16.77
Spread needed to break even
0.942%
Slippage from Binance: live order book, 9 min ago; BloFin: live order book, 64 min ago.

Cost of waiting

funding view
Funding /8h
−0.0013%
Per $10,000 a day
−$0.39
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 9 min ago2.42 bp30.4 bp −$3093.6 bp −$936doesn't fitdoesn't fit
Sell BloFin live order book, 64 min ago6.71 bp14.9 bp −$1548.1 bp −$481doesn't fitdoesn't fit

INIT price on every exchange

against the cheapest. Click to use as the short leg.
OKX0.08233cheapestBybit0.08236+0.036%BingX0.08236+0.036%Bitget0.08237+0.049%Kraken Futures0.08237+0.052%Gate0.08238+0.061%Hyperliquid0.08239+0.075%MEXC0.08241+0.097%
Binance0.08242+0.108%
Aster0.08246+0.155%KuCoin0.08254+0.255%Variational Omni0.08291+0.704%
BloFin0.08306+0.887%

INIT on 13 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
OKX INIT-USDT-SWAP−0.108%+0.0100%4h$135K$654K10xas long as short
Bybit INITUSDT−0.071%+0.0100%4h$1.4M$1.4M25xas long as short
BingX INIT-USDT−0.071%+0.0100%4h—$6.6M—as long as short
Bitget INITUSDT−0.059%+0.0100%4h$432K$319K25xas long as short
Kraken Futures PF_INITUSD−0.056%−0.0485%1h$6K$20K10xas long as short
Gate INIT_USDT−0.047%+0.0100%8h$84K$57K25xas long as short
Hyperliquid INIT−0.033%+0.0100%1h$305K$238K3xas long as short
MEXC INIT_USDT−0.011%+0.0100%4h$500K$201K20xas long as short
Binance INITUSDTlong0.000%+0.0100%4h$3.4M$3.7M25x
Aster INITUSDT+0.047%+0.0100%4h$27K$36K5xas long as short
Show all 13 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin INITUSDTM+0.147%+0.0100%4h$329K$58K25xas long as short
Variational Omni INIT+0.595%+0.0100%4h$27K$22K—as long as short
BloFin INIT-USDTshort+0.778%+0.0087%4h$164K$109K25x