Funding you earn now, next payment 22:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.015%
Price spread now: Injective against Bybit+2.442%48s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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. Injective is 2.442% dearer against Bybit than usual: you sell high and buy low (spread +2.442% now, against zero (this spread has no 7-day history yet)): +$244 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4 months. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ARUSDT | 4.4630 | 0.0100 | pay 0.0100% / 8h | 2h 56m | $4.6M | $9.0M | 75x |
| Short | Injective AR/USDC PERP | 4.5720 | 0.0033 | get 0.0004% / 1h | 56m 29s | $3K | $363 | 5.5x |
Bybit ARUSDT
Injective AR/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$14
- Price spread: +2.442% → 0.000%
- $244.23
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $219.21
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago | 1.12 bp | 38.1 bp −$38 | 467.5 bp −$4,675 | 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.
AR on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ARUSD | −0.2007% | 1h | 4.4702 | +0.162% | $46K | $155K | 20x | as long as short |
| GMX AR/USD [WBTC.b-USDC] | L −0.0140% / S +0.0551% | 1h | 4.4674 | +0.098% | $575K | — | 50x | as long as short |
| Injective AR/USDC PERPshort | +0.0033% | 1h | 4.5720 | +2.442% | $3K | $363 | 5.5x | |
| Binance ARUSDT | +0.0097% | 8h | 4.4650 | +0.045% | $8.8M | $57.3M | 75x | as long as short |
| Hyperliquid AR | +0.0100% | 1h | 4.4708 | +0.175% | $3.8M | $5.0M | 5x | as long as short |
| Aster ARUSDT | +0.0100% | 8h | 4.4719 | +0.198% | $20K | $639K | 10x | as long as short |
| Bybit ARUSDTlong | +0.0100% | 8h | 4.4630 | long leg | $4.6M | $9.0M | 75x | |
| OKX AR-USDT-SWAP | +0.0100% | 8h | 4.4630 | 0.000% | $2.2M | $21.0M | 20x | as long as short |
| Gate AR_USDT | +0.0100% | 8h | 4.4620 | −0.022% | $2.5M | $2.3M | 50x | as long as short |
| MEXC AR_USDT | +0.0100% | 8h | 4.4670 | +0.090% | $6.6M | $4.7M | 100x | as long as short |
Kraken Futures PF_ARUSD
GMX AR/USD [WBTC.b-USDC]
Binance ARUSDT
Hyperliquid AR
Aster ARUSDT
OKX AR-USDT-SWAP
Gate AR_USDT
MEXC AR_USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ARUSDTM | +0.0100% | 8h | 4.4640 | +0.022% | $1.4M | $1.2M | 50x | as long as short |
| Bitget ARUSDT | +0.0100% | 8h | 4.4600 | −0.067% | $3.8M | $5.7M | 75x | as long as short |
| BingX AR-USDT | +0.0100% | 8h | 4.4630 | 0.000% | — | $2.9M | — | as long as short |
| Variational Omni AR | +0.0100% | 8h | 4.4906 | +0.618% | $137K | $173K | — | as long as short |
| ApeX Omni ARUSDT | +0.0100% | 1h | 4.4940 | +0.695% | $57K | $748K | 50x | as long as short |
| Extended AR-USD | +0.0104% | 1h | 4.4627 | −0.007% | $36K | $237K | 10x | as long as short |
| BloFin AR-USDT | +0.0220% | 8h | 4.4630 | 0.000% | $421K | $674K | 20x | as long as short |
KuCoin ARUSDTM
Bitget ARUSDT
BingX AR-USDT
Variational Omni AR
ApeX Omni ARUSDT
Extended AR-USD
BloFin AR-USDT