Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1753%/8h= −192.0% APRpaid last 24h −0.511%

Price spread now: Injective against Bitget−0.790%51s7-day average −0.394% · you buy dearer than you sell

Net, funding: paid 7d − costs−$477as 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−$1261.256% of the position

Long on Bitget Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−3.511%−$351 on $10k

Price spread, last 3 days (all we have)+0.821%+$82 · spread now −0.790%, 7d avg −0.394%

Together, before fees−2.690%−$269 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$53 a day on $10k at the current rate, and Injective is 0.395% cheaper against Bitget than usual: you would sell low and buy high (−$40 if the spread goes back to its 7-day average of −0.394%). Swap the legs. The two prices were read 51 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	Bitget ARBUSDT	0.2279	0.0087	pay 0.0087% / 8h	7h 20m	$21.8M	$35.7M	50x
Short	Injective ARB/USDC PERP	0.2261	−0.1666	pay 0.0208% / 1h	20m 34s	$41K	$372K	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 −0.790%Rate

Funding earned: −$368.21
Price spread: −0.790% → −0.394%: −$39.55
Slippage, 4 orders: −$113.61
Fee Bitget: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$533.4
Costs to cover: 1.256%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Injective: live order book, 54 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 Bitget live order book, 3 min ago	2.20 bp	12.5 bp −$13	21.5 bp −$215	126.1 bp −$12.6K	doesn't fit
Sell Injective live order book, 54 min ago	50.58 bp	50.6 bp −$51	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	−0.1666%	1h	0.2261	−0.790%	$41K	$372K	12x
Variational Omni ARB	−0.0201%	8h	0.2267	−0.545%	$2.0M	$2.8M	—	as long as short
01 Exchange ARBUSD	−0.0152%	1h	0.2280	+0.039%	$7K	$2K	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0137%	1h	0.2272	−0.294%	$1.1M	$4.9M	50x	as long as short
MEXC ARB_USDT	−0.0112%	8h	0.2278	−0.044%	$39.2M	$59.2M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0111%	8h	0.2276	−0.110%	$23.0M	$158.7M	50x	as long as short
Bybit ARBUSDT	−0.0065%	8h	0.2277	−0.092%	$59.0M	$126.8M	50x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0058%	1h	0.2268	−0.465%	$25K	$34K	25x	as long as short
SoDEX ARB-USD	−0.0051%	1h	0.2268	−0.470%	$4K	$2.5M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0048%	8h	0.2268	−0.483%	$13K	$387K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2273	−0.279%	$67K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2269	−0.438%	$33K	—	150x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2276	−0.149%	$365K	$2.7M	25x	as long as short
Binance ARBUSDT	+0.0010%	8h	0.2279	−0.015%	$67.1M	$310.0M	75x	as long as short
BloFin ARB-USDT	+0.0038%	8h	0.2272	−0.325%	$3.1M	$2.9M	75x	as long as short
BingX ARB-USDC	+0.0074%	8h	0.2275	−0.162%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2273	−0.276%	$144K	$7K	3x	as long as short
Bitget ARBUSDTlong	+0.0087%	8h	0.2279	long leg	$21.8M	$35.7M	50x
Lighter ARB	+0.0096%	1h	0.2273	−0.250%	$1.4M	$7.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2281	+0.079%	$41.3M	$47.3M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2272	−0.297%	$706K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2273	−0.252%	$45K	$185K	10x	as long as short
Gate ARB_USDT	+0.0100%	8h	0.2276	−0.123%	$5.5M	$19.8M	60x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2279	−0.013%	$19.8M	$15.8M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2275	−0.168%	$41K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2272	−0.286%	$482K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2278	−0.044%	$123K	$296K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2281	+0.070%	$65K	$2.0M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2269	−0.439%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2274	−0.211%	$295K	$979K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2269	−0.439%	$5.2M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0232%	1h	0.2272	−0.325%	$512K	$2.3M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0288% / S −0.0175%	1h	0.2269	−0.437%	$898K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2277	−0.106%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0384%	1h	0.2280	+0.066%	$520K	$2.6M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0579%	1h	0.2274	−0.206%	$1.0M	$2.8M	20x	as long as short