Spread before costs (cost unknown: a leg has no order-book sample)+0.333%
7d average—if it closes, per $10,000$33funding while held, a day−$1.05
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate INIT_USDT | 0.08106 | 0.0100 | pay 0.0100% / 8h | 6h 41m | $82K | $56K | 25x |
| Short | BloFin INIT-USDT | 0.08133 | 0.0065 | get 0.0032% / 4h | 2h 41m | $163K | $107K | 25x |
Gate INIT_USDT
BloFin INIT-USDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $33.31
- Funding while held
- −$1.05
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $5.25
- Spread needed to break even
- 0.270%
Slippage unknown: Gate: no order-book sample; BloFin: live order book, 47 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0035%
- Per $10,000 a day
- −$1.05
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Gate no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 47 min ago | 9.72 bp | 29.8 bp −$30 | 69.4 bp −$694 | doesn't fit | doesn't fit |
Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
INIT price on every exchange
against the cheapest. Click to use as the short leg.
Bybit
BingX
Bitget
KuCoin
OKX
MEXC
Hyperliquid
Binance
Kraken Futures
Aster
Variational OmniINIT on 13 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit INITUSDT | −0.136% | +0.0100% | 4h | $1.4M | $1.4M | 25x | as long as short |
| BingX INIT-USDT | −0.086% | +0.0100% | 4h | — | $6.6M | — | as long as short |
| Bitget INITUSDT | −0.037% | +0.0100% | 4h | $424K | $318K | 25x | as long as short |
| KuCoin INITUSDTM | −0.025% | +0.0100% | 4h | $323K | $58K | 25x | as long as short |
| OKX INIT-USDT-SWAP | −0.012% | +0.0100% | 4h | $132K | $641K | 10x | as long as short |
| Gate INIT_USDTlong | 0.000% | +0.0100% | 8h | $82K | $56K | 25x | |
| MEXC INIT_USDT | +0.012% | +0.0100% | 4h | $490K | $203K | 20x | as long as short |
| Hyperliquid INIT | +0.032% | +0.0100% | 1h | $297K | $240K | 3x | as long as short |
| Binance INITUSDT | +0.056% | +0.0100% | 4h | $3.4M | $3.7M | 25x | as long as short |
| Kraken Futures PF_INITUSD | +0.058% | +0.0286% | 1h | $5K | $20K | 10x | as long as short |
Show all 13 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster INITUSDT | +0.066% | +0.0100% | 4h | $27K | $36K | 5x | as long as short |
| BloFin INIT-USDTshort | +0.333% | +0.0065% | 4h | $163K | $107K | 25x | |
| Variational Omni INIT | +0.386% | +0.0100% | 4h | $26K | $22K | — | as long as short |