Funding arb · Price arb /

COST

RWAall COST markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against KuCoin−0.681%7-day average — · you buy dearer than you sell

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

Long on KuCoin 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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.681% cheaper against KuCoin than usual: you would sell low and buy high (−$68 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin COSTUSDTM	898.10	0.0100	pay 0.0100% / 8h	5h 50m	$46K	$870K	20x
Short	Injective COST/USDC PERP	891.98	0.0033	get 0.0004% / 1h	50m 56s	$2K	$28K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against KuCoin. 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 KuCoinbpFee InjectivebpOrdersPrice spread, now −0.681%Rate

Funding earned: −$14
Price spread: −0.681% → 0.000%: −$68.14
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$94.16
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 58 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 KuCoin live order book, 58 min ago	56.05 bp	345.1 bp −$345	doesn't fit	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	899.07	+0.108%	$45K	$178	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	898.81	+0.079%	$491K	$218K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	899.38	+0.143%	$444K	$106K	10x	as long as short
Gate COST_USDT	0.0000%	8h	898.84	+0.082%	$520K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	898.71	+0.068%	$403K	$110K	25x	as long as short
SunX COST-USDT	0.0000%	8h	897.90	−0.022%	$2K	$3.0M	10x	as long as short
HTX COST-USDT	0.0000%	8h	899.82	+0.192%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0005%	1h	898.46	+0.040%	$1.1M	$2.9M	10x	as long as short
Injective COST/USDC PERPshort	+0.0033%	1h	891.98	−0.681%	$2K	$28K	12x
Extended COST-USD	+0.0040%	1h	898.25	+0.017%	—	—	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	898.56	+0.051%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	898.44	+0.038%	$1.8M	$515K	20x	as long as short
Variational Omni COST	+0.0098%	8h	898.46	+0.040%	$42K	$17K	—	as long as short
KuCoin COSTUSDTMlong	+0.0100%	8h	898.10	long leg	$46K	$870K	20x
Binance COSTUSDT	+0.0222%	8h	898.88	+0.087%	$1.1M	$926K	20x	as long as short