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−$95
spread now−0.025%7d average−0.071%fees + slippage, in and out−$100spread needed0.997%
Long on BloFinShort on BingX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin INIT-USDT0.081260.0134pay 0.0067% / 4h1h 08m$159K$107K25x
ShortBingX INIT-USDT0.081240.0100get 0.0050% / 4h1h 08m—$6.6M—

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
−$2.46
Funding while held
−$1.02
Slippage, 4 orders
−$77.65
Fee BloFin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$103.13
Spread needed to break even
0.997%
Slippage from BloFin: live order book, 10 min ago; BingX: live order book, 5 min ago.

Cost of waiting

funding view
Funding /8h
−0.0034%
Per $10,000 a day
−$1.02
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 BloFin live order book, 10 min ago4.93 bp23.1 bp −$2365.5 bp −$655doesn't fitdoesn't fit
Sell BingX live order book, 5 min ago5.55 bp26.9 bp −$2776.5 bp −$765480.3 bp −$48.0K826.1 bp −$413.0K

INIT price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni0.08112cheapestBybit0.08117+0.057%Gate0.08117+0.057%KuCoin0.08118+0.069%Hyperliquid0.08121+0.103%Aster0.08122+0.116%
BingX0.08124+0.143%
Bitget0.08125+0.156%Binance0.08126+0.168%MEXC0.08126+0.168%
BloFin0.08126+0.168%
Kraken Futures0.08126+0.169%OKX0.08127+0.180%

INIT on 13 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni INIT−0.168%+0.0100%4h$26K$23K—as long as short
Bybit INITUSDT−0.111%+0.0100%4h$1.4M$1.4M25xas long as short
Gate INIT_USDT−0.111%+0.0100%8h$82K$56K25xas long as short
KuCoin INITUSDTM−0.098%+0.0100%4h$323K$57K25xas long as short
Hyperliquid INIT−0.065%+0.0100%1h$293K$239K3xas long as short
Aster INITUSDT−0.052%+0.0100%4h$27K$36K5xas long as short
BingX INIT-USDTshort−0.025%+0.0100%4h—$6.6M—
Bitget INITUSDT−0.012%+0.0100%4h$424K$313K25xas long as short
Binance INITUSDT0.000%+0.0100%4h$3.4M$3.6M25xas long as short
MEXC INIT_USDT0.000%+0.0100%4h$440K$216K20xas long as short
Show all 13 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BloFin INIT-USDTlong0.000%+0.0134%4h$159K$107K25x
Kraken Futures PF_INITUSD+0.001%+0.0371%1h$6K$18K10xas long as short
OKX INIT-USDT-SWAP+0.012%+0.0100%4h$132K$636K10xas long as short