ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1599%/8h= −175.1% APRnext payment −$2.00 per $10,000 · paid last 24h −0.513%

Price spread now: Injective against ApeX Omni−0.585%108s7-day average −0.444% · you buy dearer than you sell

Net, funding: paid 7d − costs−$499as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1391.395% of the position

Long on ApeX Omni Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−3.592%−$359 on $10k

Price spread, last 4 days (all we have)+2.350%+$235 · spread now −0.585%, 7d avg −0.444%

Together, before fees−1.241%−$124 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$48 a day on $10k at the current rate, and Injective is 0.141% cheaper against ApeX Omni than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.444%). Swap the legs. The two prices were read 108 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	ApeX Omni ARBUSDT	0.2223	0.0022	pay 0.0003% / 1h	41m 24s	$120K	$283K	50x
Short	Injective ARB/USDC PERP	0.2210	−0.1577	pay 0.0197% / 1h	41m 24s	$40K	$372K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against ApeX Omni. 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 ApeX OmnibpFee InjectivebpOrdersPrice spread, now −0.585%Rate

Funding earned: −$335.83
Price spread: −0.585% → −0.444%: −$14.11
Slippage, 4 orders: −$129.45
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$489.42
Costs to cover: 1.395%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 21 min ago; Injective: live order book, 23 min ago.

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 ApeX Omni live order book, 21 min ago	9.00 bp	17.0 bp −$17	108.2 bp −$1,082	doesn't fit	doesn't fit
Sell Injective live order book, 23 min ago	51.70 bp	51.7 bp −$52	doesn't fit	doesn't fit	doesn't fit

ARB on 36 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
Injective ARB/USDC PERPshort	−0.1577%	1h	0.2210	−0.585%	$40K	$372K	12x
Deribit ARB_USDC-PERPETUAL	−0.0155%	1h	0.2219	−0.198%	$24K	$34K	25x	as long as short
Variational Omni ARB	−0.0153%	8h	0.2213	−0.429%	$1.9M	$2.9M	—	as long as short
OKX ARB-USDT-SWAP	−0.0133%	8h	0.2215	−0.369%	$22.2M	$151.6M	50x	as long as short
MEXC ARB_USDT	−0.0133%	8h	0.2216	−0.333%	$38.3M	$59.1M	200x	as long as short
01 Exchange ARBUSD	−0.0128%	1h	0.2215	−0.364%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0113%	1h	0.2219	−0.184%	$10K	$2.4M	5x	as long as short
Kraken Futures PF_ARBUSD	−0.0098%	1h	0.2220	−0.136%	$1.1M	$4.6M	50x	as long as short
Bybit ARBUSDT	−0.0086%	8h	0.2216	−0.319%	$56.3M	$126.4M	50x	as long as short
Polymarket Perps ARB-USD	−0.0083%	1h	0.2215	−0.346%	$96K	$2.1M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ARB_USDT	−0.0082%	8h	0.2215	−0.342%	$5.4M	$19.0M	60x	as long as short
Orderly PERP_ARB_USDC	−0.0072%	8h	0.2216	−0.315%	$12K	$384K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2216	−0.333%	$66K	$5K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0013%	1h	0.2217	−0.270%	$11K	—	150x	as long as short
Binance ARBUSDT	+0.0006%	8h	0.2216	−0.319%	$64.6M	$308.7M	75x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2214	−0.384%	$353K	$2.5M	25x	as long as short
BloFin ARB-USDT	+0.0012%	8h	0.2224	+0.045%	$3.1M	$2.7M	75x	as long as short
ApeX Omni ARBUSDTlong	+0.0022%	1h	0.2223	long leg	$120K	$283K	50x
Aevo ARB-PERP	+0.0080%	1h	0.2216	−0.297%	$141K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2215	−0.369%	$1.2M	$6.4M	15x	as long as short
Bitget ARBUSDT	+0.0099%	8h	0.2214	−0.405%	$21.2M	$35.0M	50x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2216	−0.297%	$38.5M	$49.9M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2217	−0.290%	$658K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2215	−0.371%	$42K	$179K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2216	−0.315%	$19.6M	$15.5M	75x	as long as short
BingX ARB-USDC	+0.0100%	8h	0.2218	−0.234%	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2222	−0.061%	$40K	$460K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2221	−0.072%	$477K	$3.6M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2222	−0.045%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2221	−0.099%	$298K	$948K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2217	−0.270%	$5.0M	$12.9M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2224	+0.049%	$508K	$2.1M	50x	as long as short
RISEx ARB/USDC	+0.0232%	1h	0.2217	−0.263%	$488K	$2.7M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2217	−0.269%	$827K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2215	−0.376%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0574%	1h	0.2221	−0.090%	$1.0M	$2.8M	20x	as long as short