Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1658%/8h= +181.5% APRpaid last 24h +0.509%

Price spread now: Bitget against Injective+0.449%7-day average +0.397% · you sell dearer than you buy

Net, funding: paid 7d − costs+$223as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1271.271% of the position

Long on Injective Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+3.505%+$350 on $10k

Price spread, last 4 days (all we have)−2.724%−$272 · spread now +0.449%, 7d avg +0.397%

Together, before fees+0.781%+$78 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$50 a day on $10k at the current rate, and Bitget is 0.052% dearer against Injective than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.397%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ARB/USDC PERP	0.2225	−0.1577	get 0.0197% / 1h	19m 09s	$40K	$372K	12x
Short	Bitget ARBUSDT	0.2235	0.0081	get 0.0081% / 8h	5h 19m	$21.3M	$34.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.449%Rate

Funding earned: $348.14
Price spread: +0.449% → +0.397%: $5.21
Slippage, 4 orders: −$115.04
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bitget: 6 bp × 2 orders: −$12
Net: $226.28
Costs to cover: 1.271%
Break-even: 2.5 days

Slippage from Injective: live order book, 45 min ago; Bitget: live order book, 5 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, 45 min ago	51.70 bp	51.7 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	2.24 bp	9.0 bp −$9	20.7 bp −$207	105.9 bp −$10.6K	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	−0.1577%	1h	0.2225	long leg	$40K	$372K	12x
Variational Omni ARB	−0.0147%	8h	0.2240	+0.653%	$1.9M	$2.9M	—	as long as short
OKX ARB-USDT-SWAP	−0.0135%	8h	0.2233	+0.355%	$22.5M	$150.9M	50x	as long as short
MEXC ARB_USDT	−0.0135%	8h	0.2233	+0.378%	$38.4M	$59.3M	200x	as long as short
01 Exchange ARBUSD	−0.0120%	1h	0.2236	+0.490%	$7K	$2K	10x	as long as short
Gate ARB_USDT	−0.0109%	8h	0.2234	+0.422%	$5.4M	$19.2M	60x	as long as short
Polymarket Perps ARB-USD	−0.0098%	1h	0.2235	+0.440%	$93K	$2.1M	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0097%	1h	0.2235	+0.470%	$1.1M	$4.4M	50x	as long as short
Bybit ARBUSDT	−0.0089%	8h	0.2234	+0.387%	$56.9M	$125.9M	50x	as long as short
SoDEX ARB-USD	−0.0074%	1h	0.2234	+0.396%	$10K	$2.4M	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ARB_USDC	−0.0072%	8h	0.2235	+0.449%	$13K	$386K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0018%	1h	0.2235	+0.440%	$25K	$34K	25x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2236	+0.497%	$66K	$5K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0013%	1h	0.2236	+0.483%	$11K	—	150x	as long as short
Binance ARBUSDT	+0.0023%	8h	0.2234	+0.419%	$65.2M	$306.8M	75x	as long as short
Extended ARB-USD	+0.0024%	1h	0.2233	+0.340%	$356K	$2.5M	25x	as long as short
Phemex ARBUSDT	+0.0065%	8h	0.2234	+0.404%	$5.0M	$12.9M	50x	as long as short
Bitget ARBUSDTshort	+0.0081%	8h	0.2235	+0.449%	$21.3M	$34.6M	50x
BingX ARB-USDC	+0.0084%	8h	0.2236	+0.494%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2235	+0.466%	$142K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0090%	8h	0.2235	+0.427%	$3.1M	$2.7M	75x	as long as short
Lighter ARB	+0.0096%	1h	0.2234	+0.409%	$1.2M	$6.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2236	+0.508%	$38.8M	$49.1M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2236	+0.495%	$655K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2236	+0.481%	$43K	$169K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2236	+0.485%	$19.7M	$15.3M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2240	+0.680%	$40K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2236	+0.494%	$484K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2241	+0.719%	$121K	$283K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2236	+0.494%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2235	+0.467%	$299K	$930K	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2244	+0.854%	$511K	$2.0M	50x	as long as short
RISEx ARB/USDC	+0.0232%	1h	0.2237	+0.553%	$489K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2236	+0.486%	$834K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2234	+0.412%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0593%	1h	0.2238	+0.593%	$1.0M	$2.8M	20x	as long as short