Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.1627%/8h= −178.1% APRpaid last 24h −0.487%

Price spread now: Injective against Bybit−0.158%7-day average −0.379% · you buy dearer than you sell

Net, funding: paid 7d − costs−$468as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$1201.204% of the position

Long on Bybit Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−3.476%−$348 on $10k

Price spread, last 3 days (all we have)+0.034%+$3 · spread now −0.158%, 7d avg −0.379%

Together, before fees−3.442%−$344 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 0.221% dearer against Bybit than usual: you sell high and buy low (spread −0.158% now, against its 7-day average of −0.379%): +$22 on $10k if it goes back. Holding the pair costs −$49 a day in funding at the current rate, which eats that in about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARBUSDT	0.2212	−0.0065	get 0.0065% / 8h	6h 30m	$56.8M	$129.0M	50x
Short	Injective ARB/USDC PERP	0.2208	−0.1692	pay 0.0211% / 1h	30m 55s	$40K	$372K	12x

Funding 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 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 BybitbpFee InjectivebpOrdersPrice spread, now −0.158%Rate

Funding earned: −$341.63
Price spread: −0.158% → −0.379%: $22.08
Slippage, 4 orders: −$109.42
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$439.99
Costs to cover: 1.204%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Injective: live order book, 38 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 Bybit live order book, 3 min ago	0.22 bp	10.2 bp −$10	21.9 bp −$219	57.0 bp −$5,696	doesn't fit
Sell Injective live order book, 38 min ago	50.63 bp	50.6 bp −$51	doesn't fit	doesn't fit	doesn't fit

ARB on 35 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	−0.1692%	1h	0.2208	−0.158%	$40K	$372K	12x
01 Exchange ARBUSD	−0.0240%	1h	0.2212	0.000%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0218%	1h	0.2211	−0.027%	$10K	$2.5M	5x	as long as short
Variational Omni ARB	−0.0172%	8h	0.2211	−0.027%	$1.9M	$2.9M	—	as long as short
ApeX Omni ARBUSDT	−0.0156%	1h	0.2226	+0.656%	$120K	$296K	50x	as long as short
OKX ARB-USDT-SWAP	−0.0114%	8h	0.2212	0.000%	$22.3M	$156.8M	50x	as long as short
MEXC ARB_USDT	−0.0112%	8h	0.2212	+0.005%	$40.1M	$59.6M	200x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0066%	1h	0.2212	+0.018%	$24K	$34K	25x	as long as short
Bybit ARBUSDTlong	−0.0065%	8h	0.2212	long leg	$56.8M	$129.0M	50x
Gate ARB_USDT	−0.0062%	8h	0.2212	+0.005%	$5.4M	$19.8M	60x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ARB_USDC	−0.0059%	8h	0.2213	+0.068%	$12K	$381K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2214	+0.098%	$65K	$5K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2211	−0.032%	$353K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0002%	8h	0.2212	+0.023%	$64.5M	$318.1M	75x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0011%	1h	0.2212	+0.042%	$10K	—	150x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2213	+0.045%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2211	−0.023%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2212	+0.032%	$38.2M	$51.0M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2212	+0.027%	$659K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2214	+0.096%	$42K	$188K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2212	+0.041%	$19.6M	$15.8M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2211	−0.023%	$21.1M	$36.2M	50x	as long as short
BingX ARB-USDT	+0.0100%	8h	0.2212	+0.005%	—	$54.6M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2225	+0.599%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2219	+0.334%	$480K	$3.7M	10x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2212	+0.027%	$76K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2211	−0.023%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2212	+0.009%	$297K	$1.0M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2212	+0.023%	$5.0M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0240%	1h	0.2219	+0.339%	$508K	$2.1M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2212	+0.028%	$825K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2211	−0.037%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0312%	1h	0.2212	+0.045%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2213	+0.046%	$469K	$2.6M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0523%	1h	0.2214	+0.131%	$997K	$2.9M	20x	as long as short