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−$70
spread now+0.074%7d average+0.053%fees + slippage, in and out−$73spread needed0.726%
Long on BingXShort on MEXC
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX INIT-USDT0.081130.0100pay 0.0050% / 4h1h 14m—$6.6M—
ShortMEXC INIT_USDT0.081190.0100get 0.0050% / 4h1h 14m$439K$214K20x

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
$7.4
Funding while held
$0
Slippage, 4 orders
−$58.58
Fee BingX: 5 bp × 2 orders
−$10
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$65.19
Spread needed to break even
0.726%
Slippage from BingX: live order book, 14 min ago; MEXC: live order book, 3 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 BingX live order book, 14 min ago6.15 bp31.1 bp −$3173.8 bp −$738504.1 bp −$50.4K783.3 bp −$391.7K
Sell MEXC live order book, 3 min ago0.62 bp4.2 bp −$442.9 bp −$429256.0 bp −$25.6Kdoesn't fit

INIT price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni0.08100cheapestBybit0.08105+0.058%OKX0.08108+0.095%Gate0.08112+0.145%
BingX0.08113+0.157%
Hyperliquid0.08113+0.159%Aster0.08113+0.162%Kraken Futures0.08116+0.189%Bitget0.08116+0.194%KuCoin0.08118+0.219%Binance0.08119+0.231%
MEXC0.08119+0.231%
BloFin0.08124+0.293%

INIT on 13 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni INIT−0.157%+0.0100%4h$26K$23K—as long as short
Bybit INITUSDT−0.099%+0.0100%4h$1.4M$1.5M25xas long as short
OKX INIT-USDT-SWAP−0.062%+0.0100%4h$131K$636K10xas long as short
Gate INIT_USDT−0.012%+0.0100%8h$82K$56K25xas long as short
BingX INIT-USDTlong0.000%+0.0100%4h—$6.6M—
Hyperliquid INIT+0.002%+0.0100%1h$293K$241K3xas long as short
Aster INITUSDT+0.005%+0.0100%4h$27K$36K5xas long as short
Kraken Futures PF_INITUSD+0.032%+0.0371%1h$5K$20K10xas long as short
Bitget INITUSDT+0.037%+0.0100%4h$424K$313K25xas long as short
KuCoin INITUSDTM+0.062%+0.0100%4h$323K$57K25xas long as short
Show all 13 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Binance INITUSDT+0.074%+0.0100%4h$3.4M$3.7M25xas long as short
MEXC INIT_USDTshort+0.074%+0.0100%4h$439K$214K20x
BloFin INIT-USDT+0.136%+0.0051%4h$159K$107K25xas long as short