Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.010%

Price spread now: Injective against Bitget−0.736%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Injective is 0.736% cheaper against Bitget than usual: you would sell low and buy high (spread −0.736% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$74 on $10k: about 2 months of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget COSTUSDT	898.59	0	get 0.0000% / 8h	1h 49m	$398K	$125K	25x
Short	Injective COST/USDC PERP	891.98	0.0033	get 0.0004% / 1h	49m 03s	$2K	$28K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee InjectivebpOrdersPrice spread, now −0.736%Rate

Funding earned: $7
Price spread: −0.736% → 0.000%: −$73.56
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$78.58
Costs to cover: 0.120%
Break-even: 85.6 days

Slippage unknown: Bitget: live order book, 26 min ago; Injective: no order-book sample. Net counts fees only.

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 Bitget live order book, 26 min ago	9.45 bp	16.8 bp −$17	25.6 bp −$256	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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.

COST on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster COSTUSDT	0.0000%	8h	898.26	−0.037%	$45K	$178	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	899.00	+0.046%	$470K	$193K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	899.68	+0.121%	$432K	$137K	10x	as long as short
Gate COST_USDT	0.0000%	8h	898.95	+0.040%	$523K	$26K	25x	as long as short
Bitget COSTUSDTlong	0.0000%	8h	898.59	long leg	$398K	$125K	25x
Variational Omni COST	0.0000%	8h	898.63	+0.005%	$42K	$19K	—	as long as short
SunX COST-USDT	0.0000%	8h	898.40	−0.021%	$2K	$3.3M	10x	as long as short
HTX COST-USDT	0.0000%	8h	900.47	+0.209%	$10K	$42K	10x	as long as short
Injective COST/USDC PERPshort	+0.0033%	1h	891.98	−0.736%	$2K	$28K	12x
Extended COST-USD	+0.0040%	1h	898.30	−0.032%	—	—	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest COST-USD-PERP	+0.0046%	1h	898.35	−0.027%	—	—	25x	as long as short
QFEX COST-USD	+0.0048%	1h	898.65	+0.007%	$1.1M	$2.9M	10x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	898.55	−0.004%	$1.8M	$536K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	899.10	+0.057%	$41K	$835K	20x	as long as short
Binance COSTUSDT	+0.0140%	8h	898.64	+0.006%	$1.1M	$970K	20x	as long as short