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−$197
spread now−0.123%7d average−0.129%fees + slippage, in and out−$197spread needed1.974%
Long on OKXShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX INIT-USDT-SWAP0.081050.0100pay 0.0050% / 4h2h 41m$132K$641K10x
ShortBybit INITUSDT0.080950.0100get 0.0050% / 4h2h 41m$1.4M$1.4M25x

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
−$12.34
Funding while held
$0
Slippage, 4 orders
−$176.44
Fee OKX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$209.78
Spread needed to break even
1.974%
Slippage from OKX: live order book, 61 min ago; Bybit: live order book, 1 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 OKX live order book, 61 min ago5.46 bp49.5 bp −$50doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 1 min ago6.78 bp54.8 bp −$55120.5 bp −$1,205doesn't fitdoesn't fit

INIT price on every exchange

against the cheapest. Click to use as the short leg.
Bybit0.08095cheapest
KuCoin0.08099+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 INITUSDTshort−0.123%+0.0100%4h$1.4M$1.4M25x
KuCoin INITUSDTM−0.074%+0.0100%4h$323K$58K25xas long as short
BingX INIT-USDT−0.049%+0.0100%4h—$6.6M—as long as short
Bitget INITUSDT−0.037%+0.0100%4h$423K$318K25xas long as short
MEXC INIT_USDT−0.025%+0.0100%4h$490K$203K20xas long as short
Hyperliquid INIT−0.010%+0.0100%1h$297K$240K3xas long as short
OKX INIT-USDT-SWAPlong0.000%+0.0100%4h$132K$641K10x
Gate INIT_USDT0.000%+0.0100%8h$82K$56K25xas long as short
Binance INITUSDT+0.037%+0.0100%4h$3.4M$3.7M25xas long as short
Aster INITUSDT+0.067%+0.0100%4h$27K$36K5xas long as short
Show all 13 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_INITUSD+0.070%+0.0286%1h$5K$20K10xas long as short
BloFin INIT-USDT+0.345%+0.0065%4h$163K$107K25xas long as short
Variational Omni INIT+0.398%+0.0100%4h$26K$22K—as long as short