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−$85
spread now−0.087%7d average+0.020%fees + slippage, in and out−$75spread needed0.745%
Long on MEXCShort on BloFin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC INIT_USDT0.080880.0100pay 0.0050% / 4h2h 33m$489K$203K20x
ShortBloFin INIT-USDT0.080810.0153get 0.0077% / 4h2h 33m$161K$107K25x

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
−$8.65
Funding while held
$1.59
Slippage, 4 orders
−$58.54
Fee MEXC: 2 bp × 2 orders
−$4
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$81.6
Spread needed to break even
0.745%
Slippage from MEXC: live order book, 54 min ago; BloFin: live order book, 55 min ago.

Cost of waiting

funding view
Funding /8h
+0.0053%
Per $10,000 a day
+$1.59
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 MEXC live order book, 54 min ago0.61 bp4.5 bp −$439.5 bp −$395208.8 bp −$20.9K576.6 bp −$288.3K
Sell BloFin live order book, 55 min ago9.72 bp29.8 bp −$3069.4 bp −$694doesn't fitdoesn't fit

INIT price on every exchange

against the cheapest. Click to use as the short leg.
Bybit0.08075cheapestBingX0.08080+0.062%
BloFin0.08081+0.074%
Bitget0.08083+0.099%OKX0.08087+0.149%Gate0.08087+0.149%KuCoin0.08087+0.149%Binance0.08088+0.161%
MEXC0.08088+0.161%
Hyperliquid0.08089+0.177%Kraken Futures0.08090+0.189%Aster0.08092+0.214%Variational Omni0.08104+0.354%

INIT on 13 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit INITUSDT−0.161%+0.0100%4h$1.4M$1.4M25xas long as short
BingX INIT-USDT−0.099%+0.0100%4h—$6.6M—as long as short
BloFin INIT-USDTshort−0.087%+0.0153%4h$161K$107K25x
Bitget INITUSDT−0.062%+0.0100%4h$423K$317K25xas long as short
OKX INIT-USDT-SWAP−0.012%+0.0100%4h$131K$639K10xas long as short
Gate INIT_USDT−0.012%+0.0100%8h$82K$56K25xas long as short
KuCoin INITUSDTM−0.012%+0.0100%4h$322K$58K25xas long as short
Binance INITUSDT0.000%+0.0100%4h$3.3M$3.7M25xas long as short
MEXC INIT_USDTlong0.000%+0.0100%4h$489K$203K20x
Hyperliquid INIT+0.016%+0.0100%1h$297K$239K3xas long as short
Show all 13 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_INITUSD+0.028%+0.0287%1h$5K$20K10xas long as short
Aster INITUSDT+0.053%+0.0100%4h$27K$36K5xas long as short
Variational Omni INIT+0.193%+0.0100%4h$26K$23K—as long as short