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Funding arb · Price arb /

DKNG

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Alert: funding
Measured
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Alert: spread
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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.

Funding you earn now, next payment 08:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.010%
Price spread now: Gate against Injective+0.350%54s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on InjectiveShort on Gate
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
The price spread pays, funding is against you. Gate is 0.350% dearer against Injective than usual: you sell high and buy low (spread +0.350% now, against zero (this spread has no 7-day history yet)): +$35 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 35 days. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective DKNG/USDC PERP21.9900.0033pay 0.0004% / 1h16m 16s$707$6K12x
ShortGate DKNG_USDT22.0670get 0.0000% / 8h16m 16s$109K$8K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Injective. 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

Funding earned
−$7
Price spread: +0.350% → 0.000%
$35.02
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Gate: 7.5 bp × 2 orders
−$15
Net
$13
Costs to cover
0.150%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Gate: live order book, 14 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample—————
Sell Gate live order book, 14 min ago24.74 bp35.2 bp −$35doesn't fitdoesn't fitdoesn't fit
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.

DKNG on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster DKNGUSDT0.0000%8h22.045+0.251%$1K$11K20xas long as short
Bybit DKNGUSDT0.0000%8h22.060+0.318%$83K$78K25xas long as short
Gate DKNG_USDTshort0.0000%8h22.067+0.350%$109K$8K20x
Bitget DKNGUSDT0.0000%8h22.034+0.200%$126K$61K20xas long as short
Variational Omni DKNG0.0000%8h22.056+0.301%$78K$51K—as long as short
SunX DKNG-USDT0.0000%8h22.050+0.273%$869$611K10xas long as short
HTX DKNG-USDT0.0000%8h22.010+0.091%$6K$4K10xas long as short
OKX DKNG-USDT-SWAP+0.0012%8h22.060+0.318%$115K$107K20xas long as short
Injective DKNG/USDC PERPlong+0.0033%1h21.990long leg$707$6K12x
tradeXYZ xyz:DKNG+0.0050%1h22.079+0.405%$1.8M$2.1M10xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin DKNGUSDTM+0.0100%8h22.010+0.091%$90K$382K20xas long as short
Binance DKNGUSDT+0.0108%8h22.050+0.273%$295K$616K20xas long as short