data as of
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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−$103
spread now+0.012%7d average+0.041%fees + slippage, in and out−$100spread needed0.998%
Long on BitgetShort on MEXC
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget INITUSDT0.081020.0100pay 0.0050% / 4h2h 41m$423K$318K25x
ShortMEXC INIT_USDT0.081030.0100get 0.0050% / 4h2h 41m$490K$203K20x

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
$1.23
Funding while held
$0
Slippage, 4 orders
−$83.77
Fee Bitget: 6 bp × 2 orders
−$12
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$98.54
Spread needed to break even
0.998%
Slippage from Bitget: live order book, 51 min ago; MEXC: live order book, 46 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 Bitget live order book, 51 min ago3.62 bp48.0 bp −$48274.4 bp −$2,744doesn't fitdoesn't fit
Sell MEXC live order book, 46 min ago0.61 bp4.5 bp −$433.2 bp −$332221.6 bp −$22.2K607.8 bp −$303.9K

INIT price on every exchange

against the cheapest. Click to use as the short leg.
Bybit0.08095cheapestKuCoin0.08099+0.049%BingX0.08101+0.074%
Bitget0.08102+0.086%
MEXC0.08103+0.099%
Hyperliquid0.08104+0.114%OKX0.08105+0.124%Gate0.08105+0.124%Binance0.08108+0.161%Aster0.08110+0.190%Kraken Futures0.08111+0.194%BloFin0.08133+0.469%Variational Omni0.08137+0.522%

INIT on 13 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit INITUSDT−0.086%+0.0100%4h$1.4M$1.4M25xas long as short
KuCoin INITUSDTM−0.037%+0.0100%4h$323K$58K25xas long as short
BingX INIT-USDT−0.012%+0.0100%4h—$6.6M—as long as short
Bitget INITUSDTlong0.000%+0.0100%4h$423K$318K25x
MEXC INIT_USDTshort+0.012%+0.0100%4h$490K$203K20x
Hyperliquid INIT+0.027%+0.0100%1h$297K$240K3xas long as short
OKX INIT-USDT-SWAP+0.037%+0.0100%4h$132K$641K10xas long as short
Gate INIT_USDT+0.037%+0.0100%8h$82K$56K25xas long as short
Binance INITUSDT+0.074%+0.0100%4h$3.4M$3.7M25xas long as short
Aster INITUSDT+0.104%+0.0100%4h$27K$36K5xas long as short
Show all 13 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_INITUSD+0.107%+0.0286%1h$5K$20K10xas long as short
BloFin INIT-USDT+0.383%+0.0065%4h$163K$107K25xas long as short
Variational Omni INIT+0.436%+0.0100%4h$26K$22K—as long as short