Funding you earn now, next payment 02:00 UTC+0.1622%/8h= +177.7% APRpaid last 24h +0.488%
Price spread now: Bybit against Injective+0.384%7-day average +0.376% · you sell dearer than you buy
Net, funding: paid 7d − costs+$224as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1241.240% of the position
Funding, last 7 days+3.479%+$348 on $10k
+Price spread, last 3 days (all we have)−0.373%−$37 · spread now +0.384%, 7d avg +0.376%
=The price spread sits at its 7-day average of +0.376%, so right now this pair is about funding alone: +$49 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective ARB/USDC PERP | 0.2190 | −0.1692 | get 0.0211% / 1h | 55m 20s | $40K | $372K | 12x |
| Short | Bybit ARBUSDT | 0.2198 | −0.0069 | pay 0.0069% / 8h | 6h 55m | $57.1M | $128.6M | 50x |
Injective ARB/USDC PERP
Bybit ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Injective. 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
- $340.72
- Price spread: +0.384% → +0.376%
- $0.71
- Slippage, 4 orders
- −$112.98
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $217.43
- Costs to cover
- 1.240%
- Break-even
- 2.5 days
Slippage from Injective: live order book, 14 min ago; Bybit: live order book, 4 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, 14 min ago | 50.63 bp | 50.6 bp −$51 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.22 bp | 11.8 bp −$12 | 24.4 bp −$244 | 45.9 bp −$4,595 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni ARBUSDT | −0.1916% | 1h | 0.2228 | +1.735% | $120K | $296K | 50x | as long as short |
| Injective ARB/USDC PERPlong | −0.1692% | 1h | 0.2190 | long leg | $40K | $372K | 12x | |
| SoDEX ARB-USD | −0.0224% | 1h | 0.2196 | +0.288% | $10K | $2.5M | 5x | as long as short |
| 01 Exchange ARBUSD | −0.0216% | 1h | 0.2197 | +0.301% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0190% | 8h | 0.2195 | +0.229% | $1.8M | $2.8M | — | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0159% | 1h | 0.2198 | +0.370% | $24K | $34K | 25x | as long as short |
| OKX ARB-USDT-SWAP | −0.0107% | 8h | 0.2199 | +0.429% | $22.2M | $155.7M | 50x | as long as short |
| MEXC ARB_USDT | −0.0106% | 8h | 0.2198 | +0.347% | $37.3M | $58.8M | 200x | as long as short |
| Polymarket Perps ARB-USD | −0.0070% | 1h | 0.2199 | +0.416% | $70K | $2.0M | 10x | as long as short |
| Bybit ARBUSDTshort | −0.0069% | 8h | 0.2198 | +0.384% | $57.1M | $128.6M | 50x |
ApeX Omni ARBUSDT
SoDEX ARB-USD
01 Exchange ARBUSD
Variational Omni ARB
Deribit ARB_USDC-PERPETUAL
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Polymarket Perps ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ARB_USDC | −0.0053% | 8h | 0.2200 | +0.457% | $12K | $387K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2198 | +0.348% | $65K | $5K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2200 | +0.466% | $31K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0005% | 8h | 0.2199 | +0.411% | $64.6M | $316.4M | 75x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2197 | +0.327% | $348K | $2.5M | 25x | as long as short |
| BloFin ARB-USDT | +0.0036% | 8h | 0.2223 | +1.484% | $3.2M | $2.8M | 75x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2200 | +0.479% | $140K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2196 | +0.288% | $1.3M | $7.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2199 | +0.420% | $38.4M | $50.2M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2196 | +0.269% | $685K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2199 | +0.407% | $43K | $186K | 10x | as long as short |
| Gate ARB_USDT | +0.0100% | 8h | 0.2198 | +0.388% | $5.4M | $19.5M | 60x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2200 | +0.434% | $19.5M | $15.9M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2198 | +0.365% | $20.9M | $36.5M | 50x | as long as short |
| BingX ARB-USDC | +0.0100% | 8h | 0.2198 | +0.352% | — | $6.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2227 | +1.703% | $40K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2229 | +1.800% | $483K | $3.5M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2198 | +0.365% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2197 | +0.320% | $285K | $997K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2195 | +0.228% | $5.0M | $13.0M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0154% / S −0.0012% | 1h | 0.2200 | +0.454% | $841K | — | 150x | as long as short |
| Backpack ARB_USDC_PERP | +0.0159% | 1h | 0.2197 | +0.329% | $994K | $2.9M | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0240% | 1h | 0.2199 | +0.411% | $502K | $2.2M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2197 | +0.323% | $2K | $695 | 20x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0314% | 1h | 0.2198 | +0.368% | $1.1M | $4.8M | 50x | as long as short |
| RISEx ARB/USDC | +0.0466% | 1h | 0.2201 | +0.498% | $496K | $2.6M | 10x | as long as short |
Orderly PERP_ARB_USDC
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
BloFin ARB-USDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
Gate ARB_USDT
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDC
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
GMX ARB/USD [ARB-USDC]
Backpack ARB_USDC_PERP
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Kraken Futures PF_ARBUSD
RISEx ARB/USDC