Funding you earn now, next payment 21:00 UTC−0.1963%/8h= −214.9% APRnext payment −$2.45 per $10,000 · paid last 24h −0.599%
Price spread now: Injective against Coinbase International−0.722%7-day average −0.576% · you buy dearer than you sell
Net, funding: paid 7d − costs−$527as in the Funding arb table
Net, price: spread back to 7d avg − costs−$157as in the Price arb table
costs, in and out, $10k−$1421.422% of the position
Funding, last 7 days−3.849%−$385 on $10k
+Price spread, last 3 days (all we have)+0.324%+$32 · spread now −0.722%, 7d avg −0.576%
=Both sides work against this trade now: funding costs −$59 a day on $10k at the current rate, and Injective is 0.146% cheaper against Coinbase International than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.576%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ARB-PERP-INTX | 0.2215 | 0.0288 | pay 0.0036% / 1h | 51m 01s | $506K | $2.5M | 50x |
| Short | Injective ARB/USDC PERP | 0.2199 | −0.1675 | pay 0.0209% / 1h | 51m 01s | $40K | $107K | 12x |
Coinbase International ARB-PERP-INTX
Injective ARB/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Coinbase International. 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
- −$412.18
- Price spread: −0.722% → −0.576%
- −$14.64
- Slippage, 4 orders
- −$132.21
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$569.05
- Costs to cover
- 1.422%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 3 min ago; Injective: live order book, 37 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 Coinbase International live order book, 3 min ago | 7.90 bp | 21.8 bp −$22 | 39.7 bp −$397 | doesn't fit | doesn't fit |
| Sell Injective live order book, 37 min ago | 51.10 bp | 51.1 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 | −0.1675% | 1h | 0.2199 | −0.722% | $40K | $107K | 12x | |
| 01 Exchange ARBUSD | −0.0448% | 1h | 0.2209 | −0.262% | $7K | $2K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0247% | 1h | 0.2213 | −0.113% | $36K | $18K | 25x | as long as short |
| Bybit ARBUSDT | −0.0246% | 8h | 0.2210 | −0.203% | $57.5M | $134.8M | 50x | as long as short |
| ApeX Omni ARBUSDT | −0.0239% | 1h | 0.2215 | 0.000% | $120K | $297K | 50x | as long as short |
| Variational Omni ARB | −0.0192% | 8h | 0.2210 | −0.242% | $1.9M | $2.8M | — | as long as short |
| MEXC ARB_USDT | −0.0062% | 8h | 0.2212 | −0.140% | $37.4M | $63.0M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0061% | 8h | 0.2210 | −0.212% | $22.1M | $163.9M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0054% | 1h | 0.2213 | −0.095% | $1.1M | $5.2M | 50x | as long as short |
| Polymarket Perps ARB-USD | −0.0037% | 1h | 0.2211 | −0.181% | $76K | $2.3M | 10x | as long as short |
01 Exchange ARBUSD
Deribit ARB_USDC-PERPETUAL
Bybit ARBUSDT
ApeX Omni ARBUSDT
Variational Omni ARB
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Kraken Futures PF_ARBUSD
Polymarket Perps ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ARB-USD | −0.0022% | 1h | 0.2210 | −0.226% | $4K | $2.9M | 5x | as long as short |
| Orderly PERP_ARB_USDC | −0.0007% | 8h | 0.2211 | −0.181% | $10K | $381K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2211 | −0.181% | $65K | $4K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2211 | −0.179% | $351K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0003% | 8h | 0.2211 | −0.183% | $63.0M | $326.0M | 75x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2212 | −0.124% | $56K | — | 150x | as long as short |
| BloFin ARB-USDT | +0.0011% | 8h | 0.2205 | −0.447% | $3.0M | $3.3M | 75x | as long as short |
| Gate ARB_USDT | +0.0019% | 8h | 0.2212 | −0.149% | $5.5M | $21.5M | 60x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2211 | −0.178% | $145K | $12K | 3x | as long as short |
| BingX ARB-USDT | +0.0081% | 8h | 0.2211 | −0.163% | — | $54.1M | — | as long as short |
| Bitget ARBUSDT | +0.0082% | 8h | 0.2211 | −0.181% | $20.8M | $38.9M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2212 | −0.158% | $1.3M | $7.7M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2214 | −0.041% | $39.7M | $53.0M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2213 | −0.113% | $688K | $1.8M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2212 | −0.155% | $46K | $206K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2212 | −0.122% | $20.3M | $17.2M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2212 | −0.139% | $38K | $449K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2211 | −0.189% | $470K | $4.3M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2213 | −0.090% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2208 | −0.321% | $272K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2212 | −0.135% | $5.3M | $13.8M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0275% / S −0.0168% | 1h | 0.2213 | −0.093% | $811K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTXlong | +0.0288% | 1h | 0.2215 | long leg | $506K | $2.5M | 50x | |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2211 | −0.198% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0385% | 1h | 0.2215 | −0.014% | $1.1M | $2.8M | 20x | as long as short |
| RISEx ARB/USDC | +0.0546% | 1h | 0.2212 | −0.124% | $485K | $2.9M | 10x | as long as short |
SoDEX ARB-USD
Orderly PERP_ARB_USDC
dYdX ARB-USD
Extended ARB-USD
Binance ARBUSDT
gTrade (Gains Network) ARB/USD
BloFin ARB-USDT
Gate ARB_USDT
Aevo ARB-PERP
BingX ARB-USDT
Bitget ARBUSDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP
RISEx ARB/USDC