Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1653%/8h= +181.0% APRpaid last 24h +0.489%

Price spread now: Binance against Injective−0.005%87s7-day average +0.420% · you buy dearer than you sell

Net, funding: paid 7d − costs+$223as 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−$1221.218% of the position

Long on Injective Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+3.452%+$345 on $10k

Price spread, last 4 days (all we have)−0.311%−$31 · spread now −0.005%, 7d avg +0.420%

Together, before fees+3.141%+$314 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.425% cheaper against Injective than usual: you would sell low and buy high (spread −0.005% now, against its 7-day average of +0.420%). If the spread goes back, that is −$42 on $10k: about 21 hours of funding at the current rate (+$50 a day). The two prices were read 87 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	Injective ARB/USDC PERP	0.2172	−0.1581	get 0.0198% / 1h	41m 48s	$39K	$372K	12x
Short	Binance ARBUSDT	0.2172	0.0072	get 0.0072% / 8h	2h 41m	$62.3M	$300.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Injective. 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 InjectivebpFee BinancebpOrdersPrice spread, now −0.005%Rate

Funding earned: $347.11
Price spread: −0.005% → +0.420%: −$42.49
Slippage, 4 orders: −$111.76
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: $182.83
Costs to cover: 1.218%
Break-even: 3.3 days

Slippage from Injective: live order book, 7 min ago; Binance: live order book, 2 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 Injective live order book, 7 min ago	52.60 bp	52.6 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	0.23 bp	9.0 bp −$9	18.5 bp −$185	66.4 bp −$6,638	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 PERPlong	−0.1581%	1h	0.2172	long leg	$39K	$372K	12x
01 Exchange ARBUSD	−0.0192%	1h	0.2176	+0.193%	$7K	$236	10x	as long as short
Polymarket Perps ARB-USD	−0.0166%	1h	0.2175	+0.147%	$72K	$2.1M	10x	as long as short
Variational Omni ARB	−0.0103%	8h	0.2176	+0.201%	$1.7M	$3.0M	—	as long as short
OKX ARB-USDT-SWAP	−0.0093%	8h	0.2172	−0.009%	$21.6M	$141.7M	50x	as long as short
MEXC ARB_USDT	−0.0093%	8h	0.2171	−0.032%	$40.6M	$60.4M	200x	as long as short
Bybit ARBUSDT	−0.0078%	8h	0.2170	−0.069%	$54.0M	$123.6M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0075%	1h	0.2178	+0.277%	$1.0M	$4.4M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0057%	8h	0.2178	+0.276%	$12K	$409K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2180	+0.354%	$64K	$5K	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	0.2178	+0.276%	$23K	$33K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2178	+0.255%	$43K	—	150x	as long as short
Gate ARB_USDT	+0.0043%	8h	0.2172	−0.023%	$5.3M	$18.1M	60x	as long as short
Bitget ARBUSDT	+0.0048%	8h	0.2171	−0.046%	$20.7M	$34.1M	50x	as long as short
Extended ARB-USD	+0.0072%	1h	0.2170	−0.080%	$348K	$2.8M	25x	as long as short
BingX ARB-USDT	+0.0072%	8h	0.2171	−0.041%	—	$53.7M	—	as long as short
Binance ARBUSDTshort	+0.0072%	8h	0.2172	−0.005%	$62.3M	$300.1M	75x
RISEx ARB/USDC	+0.0086%	1h	0.2178	+0.263%	$440K	$2.6M	10x	as long as short
Lighter ARB	+0.0096%	1h	0.2171	−0.051%	$1.2M	$5.5M	15x	as long as short
Aevo ARB-PERP	+0.0096%	1h	0.2179	+0.308%	$138K	$7K	3x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2174	+0.083%	$36.5M	$48.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2174	+0.087%	$626K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2180	+0.355%	$42K	$160K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2172	+0.005%	$19.4M	$14.4M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2179	+0.333%	$38K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2181	+0.414%	$464K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2180	+0.368%	$118K	$283K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2180	+0.368%	$2K	$1.1M	30x	as long as short
SoDEX ARB-USD	+0.0100%	1h	0.2177	+0.239%	$10K	$2.2M	5x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2172	−0.009%	$289K	$894K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2172	0.000%	$4.9M	$12.6M	50x	as long as short
BloFin ARB-USDT	+0.0192%	8h	0.2179	+0.308%	$3.0M	$2.4M	75x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2177	+0.228%	$822K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2176	+0.189%	$499K	$1.6M	50x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2176	+0.164%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0668%	1h	0.2175	+0.115%	$975K	$2.8M	20x	as long as short