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−$555
spread now−0.024%7d average−0.053%fees + slippage, in and out−$558spread needed5.581%
Long on BinanceShort on KuCoin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance INITUSDT0.081080.0100pay 0.0050% / 4h1h 41m$3.4M$3.7M25x
ShortKuCoin INITUSDTM0.081060.0100get 0.0050% / 4h1h 41m$322K$58K25x

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
−$2.4
Funding while held
$0
Slippage, 4 orders
−$536.12
Fee Binance: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$560.52
Spread needed to break even
5.581%
Slippage from Binance: live order book, 12 min ago; KuCoin: live order book, 58 min ago.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
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, 12 min ago6.80 bp34.3 bp −$34106.7 bp −$1,067doesn't fitdoesn't fit
Sell KuCoin live order book, 58 min ago12.95 bp258.6 bp −$259doesn't fitdoesn't fitdoesn't fit

INIT price on every exchange

against the cheapest. Click to use as the short leg.
Bybit0.08094cheapestVariational Omni0.08101+0.089%Hyperliquid0.08103+0.106%OKX0.08103+0.111%
KuCoin0.08106+0.148%
Bitget0.08106+0.148%Aster0.08108+0.170%
Binance0.08108+0.172%
Gate0.08108+0.173%MEXC0.08108+0.173%Kraken Futures0.08109+0.187%BingX0.08110+0.198%BloFin0.08120+0.321%

INIT on 13 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit INITUSDT−0.172%+0.0100%4h$1.4M$1.5M25xas long as short
Variational Omni INIT−0.083%+0.0100%4h$26K$23K—as long as short
Hyperliquid INIT−0.066%+0.0100%1h$292K$242K3xas long as short
OKX INIT-USDT-SWAP−0.061%+0.0100%4h$132K$636K10xas long as short
KuCoin INITUSDTMshort−0.024%+0.0100%4h$322K$58K25x
Bitget INITUSDT−0.024%+0.0100%4h$423K$313K25xas long as short
Aster INITUSDT−0.002%+0.0100%4h$27K$36K5xas long as short
Binance INITUSDTlong0.000%+0.0100%4h$3.4M$3.7M25x
Gate INIT_USDT+0.001%+0.0100%8h$82K$56K25xas long as short
MEXC INIT_USDT+0.001%+0.0100%4h$439K$212K20xas long as short
Show all 13 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_INITUSD+0.014%+0.0372%1h$5K$20K10xas long as short
BingX INIT-USDT+0.025%+0.0100%4h—$6.6M—as long as short
BloFin INIT-USDT+0.149%+0.0096%4h$158K$107K25xas long as short