S

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−5.976%

7d average+0.056%if it closes, per $10,000$598funding while held, a day+$2.00

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective S/USDC PERP	0.04100	0.0033	pay 0.0004% / 1h	35m 37s	$2K	$120K	12x
Short	BingX S-USDT	0.03855	0.0100	get 0.0050% / 4h	2h 35m	—	$6.9M	—

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 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee InjectivebpFee BingXbpOrdersClose when spread is

Spread captured: −$597.56
Funding while held: $2
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BingX: 5 bp × 2 orders: −$10
Net: −$605.58
Spread needed to break even: 0.100%

Slippage unknown: Injective: no order-book sample; BingX: live order book, 9 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0067%
Per $10,000 a day: +$2.00
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 Injective no order-book sample	—	—	—	—	—
Sell BingX live order book, 9 min ago	3.89 bp	17.9 bp −$18	48.0 bp −$480	304.2 bp −$30.4K	674.2 bp −$337.1K

Injective: 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.

S price on every exchange

against the cheapest. Click to use as the short leg.

Coinbase International0.03831cheapest

Variational Omni0.03844+0.345%

Bybit0.03850+0.496%

BloFin0.03850+0.496%

Kraken Futures0.03851+0.510%

Reya0.03851+0.515%

Gate0.03851+0.522%

KuCoin0.03852+0.548%

OKX0.03853+0.574%

Orderly0.03854+0.600%

Extended0.03854+0.613%

Aster0.03855+0.618%

MEXC0.03855+0.626%

BingX0.03855+0.626%

Binance0.03856+0.649%

gTrade (Gains Network)0.03857+0.678%

GMX0.03857+0.692%

Hyperliquid0.03858+0.694%

Bitget0.03858+0.705%

Lighter0.03860+0.757%

01 Exchange0.03860+0.757%

Backpack0.03860+0.757%

ApeX Omni0.03860+0.757%

Deribit0.03860+0.757%

Injective0.04100+7.022%

S on 25 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Coinbase International S-PERP-INTX	−6.561%	−0.2080%	1h	$47K	$10K	25x	as long as short
Variational Omni S	−6.239%	−0.0857%	4h	$599K	$121K	—	as long as short
Bybit SUSDT	−6.098%	+0.0100%	4h	$5.6M	$9.0M	50x	as long as short
BloFin S-USDT	−6.098%	+0.0340%	4h	$278K	$257K	75x	as long as short
Kraken Futures PF_SUSD	−6.085%	−0.1668%	1h	$33K	$43K	10x	as long as short
Reya SRUSDPERP	−6.080%	−0.0101%	1h	$4	—	15x	as long as short
Gate S_USDT	−6.073%	+0.0100%	4h	$319K	$366K	50x	as long as short
KuCoin SUSDTM	−6.049%	+0.0100%	4h	$1.8M	$3.7M	50x	as long as short
OKX S-USDT-SWAP	−6.024%	+0.0100%	4h	$973K	$11.8M	20x	as long as short
Orderly PERP_S_USDC	−6.000%	−0.0097%	4h	$102K	$326K	10x	as long as short

Show all 25 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Extended S-USD	−5.988%	+0.0104%	1h	$216K	$944K	10x	as long as short
Aster SUSDT	−5.984%	−0.0111%	4h	$42K	$258K	10x	as long as short
MEXC S_USDT	−5.976%	+0.0100%	4h	$3.5M	$3.4M	200x	as long as short
BingX S-USDTshort	−5.976%	+0.0100%	4h	—	$6.9M	—
Binance SUSDT	−5.954%	+0.0100%	4h	$5.3M	$38.5M	75x	as long as short
gTrade (Gains Network) S/USD	−5.928%	L +0.0001% / S +0.0006%	1h	$594	—	150x	as long as short
GMX S/USD [WBTC.b-USDC]	−5.915%	L −0.0327% / S +0.0305%	1h	$1K	—	100x	as long as short
Hyperliquid S	−5.912%	+0.0100%	1h	$995K	$1.4M	5x	as long as short
Bitget SUSDT	−5.902%	+0.0100%	4h	$1.1M	$4.5M	50x	as long as short
Lighter S	−5.854%	+0.0096%	1h	$162K	$309K	5x	as long as short
01 Exchange SUSD	−5.854%	−0.0104%	1h	$23K	$3K	5x	as long as short
Backpack S_USDC_PERP	−5.854%	+0.0100%	1h	$112K	$229K	5x	as long as short
ApeX Omni SUSDT	−5.854%	+0.0100%	1h	$20K	$496K	50x	as long as short
Deribit S_USDC-PERPETUAL	−5.854%	+0.0268%	1h	$65K	$11K	10x	as long as short
Injective S/USDC PERPlong	0.000%	+0.0033%	1h	$2K	$120K	12x