Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1885%/8h= −206.4% APRpaid last 24h −0.517%

Price spread now: Injective against HTX−0.413%65s7-day average −0.419% · you buy dearer than you sell

Net, funding: paid 7d − costs−$521as 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−$1591.595% of the position

Long on HTX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−3.613%−$361 on $10k

Price spread, last 3 days (all we have)+0.150%+$15 · spread now −0.413%, 7d avg −0.419%

Together, before fees−3.463%−$346 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.419%, so right now this pair is about funding alone: −$57 a day on $10k at the current rate. The two prices were read 65 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	HTX ARB-USDT	0.2277	0.0100	pay 0.0100% / 8h	31m 44s	$291K	$1.1M	50x
Short	Injective ARB/USDC PERP	0.2268	−0.1785	pay 0.0223% / 1h	31m 44s	$41K	$372K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against HTX. 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 HTXbpFee InjectivebpOrdersPrice spread, now −0.413%Rate

Funding earned: −$395.76
Price spread: −0.413% → −0.419%: $0.58
Slippage, 4 orders: −$147.44
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$554.64
Costs to cover: 1.595%
Break-even: never at this rate

Slippage from HTX: live order book, 2 min ago; Injective: live order book, 47 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 HTX live order book, 2 min ago	11.63 bp	38.6 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Injective live order book, 47 min ago	51.37 bp	51.4 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	−0.1785%	1h	0.2268	−0.413%	$41K	$372K	12x
Polymarket Perps ARB-USD	−0.0279%	1h	0.2278	+0.044%	$75K	$2.0M	10x	as long as short
Variational Omni ARB	−0.0182%	8h	0.2273	−0.181%	$2.0M	$2.8M	—	as long as short
01 Exchange ARBUSD	−0.0168%	1h	0.2277	−0.018%	$7K	$2K	10x	as long as short
Bybit ARBUSDT	−0.0163%	8h	0.2276	−0.079%	$58.5M	$128.9M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0109%	8h	0.2276	−0.070%	$23.0M	$160.3M	50x	as long as short
MEXC ARB_USDT	−0.0109%	8h	0.2276	−0.057%	$38.3M	$59.7M	200x	as long as short
SoDEX ARB-USD	−0.0070%	1h	0.2281	+0.154%	$4K	$2.6M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0041%	8h	0.2281	+0.158%	$13K	$395K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2279	+0.058%	$67K	$4K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2282	+0.198%	$26K	$32K	25x	as long as short
Gate ARB_USDT	+0.0004%	8h	0.2277	−0.013%	$5.5M	$20.2M	60x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2282	+0.205%	$56K	—	150x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2275	−0.086%	$363K	$2.3M	25x	as long as short
Binance ARBUSDT	+0.0011%	8h	0.2277	−0.029%	$66.7M	$313.8M	75x	as long as short
BloFin ARB-USDT	+0.0036%	8h	0.2278	+0.044%	$3.1M	$2.8M	75x	as long as short
Bitget ARBUSDT	+0.0066%	8h	0.2276	−0.061%	$21.5M	$35.9M	50x	as long as short
BingX ARB-USDC	+0.0067%	8h	0.2275	−0.092%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2282	+0.192%	$149K	$12K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2278	+0.040%	$1.4M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2279	+0.079%	$41.5M	$47.3M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2278	+0.035%	$710K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2278	+0.023%	$48K	$185K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2277	−0.018%	$19.8M	$16.2M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2274	−0.140%	$40K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2275	−0.121%	$485K	$3.7M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2273	−0.193%	$122K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2283	+0.246%	$2K	$1.1M	30x	as long as short
HTX ARB-USDTlong	+0.0100%	8h	0.2277	long leg	$291K	$1.1M	50x
Phemex ARBUSDT	+0.0100%	8h	0.2279	+0.070%	$5.2M	$13.1M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0216%	1h	0.2282	+0.202%	$514K	$2.3M	50x	as long as short
Kraken Futures PF_ARBUSD	+0.0234%	1h	0.2283	+0.234%	$1.2M	$4.9M	50x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2279	+0.073%	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0296% / S −0.0186%	1h	0.2283	+0.227%	$931K	—	150x	as long as short
RISEx ARB/USDC	+0.0330%	1h	0.2279	+0.062%	$504K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0485%	1h	0.2283	+0.263%	$928K	$2.8M	20x	as long as short