Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1775%/8h= +194.3% APRpaid last 24h +0.501%

Price spread now: Gate against Injective+0.306%7-day average +0.403% · you sell dearer than you buy

Net, funding: paid 7d − costs+$207as in the Funding arb table

Net, price: spread back to 7d avg − costs−$147as in the Price arb table

costs, in and out, $10k−$1371.370% of the position

Long on Injective Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+3.444%+$344 on $10k

Price spread, last 3 days (all we have)−0.606%−$61 · spread now +0.306%, 7d avg +0.403%

Together, before fees+2.838%+$284 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.098% cheaper against Injective than usual: you would sell low and buy high (spread +0.306% now, against its 7-day average of +0.403%). If the spread goes back, that is −$10 on $10k: about 4 hours of funding at the current rate (+$53 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ARB/USDC PERP	0.2258	−0.1785	get 0.0223% / 1h	10m 58s	$41K	$372K	12x
Short	Gate ARB_USDT	0.2265	−0.0010	pay 0.0010% / 8h	10m 58s	$5.4M	$20.3M	60x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.306%Rate

Funding earned: $372.66
Price spread: +0.306% → +0.403%: −$9.76
Slippage, 4 orders: −$121.98
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $225.9
Costs to cover: 1.370%
Break-even: 2.8 days

Slippage from Injective: live order book, 3 min ago; Gate: live order book, 3 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, 3 min ago	50.58 bp	50.6 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	1.10 bp	12.9 bp −$13	25.9 bp −$259	73.3 bp −$7,335	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	−0.1785%	1h	0.2258	long leg	$41K	$372K	12x
Polymarket Perps ARB-USD	−0.0249%	1h	0.2265	+0.297%	$68K	$2.0M	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0235%	1h	0.2265	+0.310%	$25K	$34K	25x	as long as short
01 Exchange ARBUSD	−0.0192%	1h	0.2265	+0.310%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0192%	8h	0.2264	+0.245%	$2.0M	$2.8M	—	as long as short
Bybit ARBUSDT	−0.0173%	8h	0.2266	+0.376%	$58.4M	$128.2M	50x	as long as short
SoDEX ARB-USD	−0.0166%	1h	0.2264	+0.266%	$4K	$2.6M	5x	as long as short
OKX ARB-USDT-SWAP	−0.0111%	8h	0.2267	+0.385%	$22.8M	$159.6M	50x	as long as short
MEXC ARB_USDT	−0.0109%	8h	0.2267	+0.390%	$38.5M	$60.1M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0040%	8h	0.2264	+0.266%	$13K	$394K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ARB_USDTshort	−0.0010%	8h	0.2265	+0.306%	$5.4M	$20.3M	60x
dYdX ARB-USD	0.0000%	1h	0.2270	+0.517%	$67K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2266	+0.368%	$56K	—	150x	as long as short
Binance ARBUSDT	+0.0007%	8h	0.2267	+0.399%	$66.7M	$313.6M	75x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2266	+0.374%	$361K	$2.3M	25x	as long as short
BloFin ARB-USDT	+0.0028%	8h	0.2266	+0.350%	$3.2M	$2.8M	75x	as long as short
Bitget ARBUSDT	+0.0056%	8h	0.2267	+0.399%	$21.4M	$35.9M	50x	as long as short
BingX ARB-USDC	+0.0062%	8h	0.2268	+0.421%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2266	+0.335%	$148K	$12K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2266	+0.368%	$1.4M	$7.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2268	+0.425%	$41.0M	$47.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2266	+0.376%	$706K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2270	+0.519%	$47K	$184K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2265	+0.301%	$19.7M	$16.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2268	+0.462%	$40K	$460K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2269	+0.487%	$487K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2268	+0.443%	$122K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2269	+0.487%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2267	+0.390%	$292K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2265	+0.310%	$5.2M	$13.1M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0216%	1h	0.2274	+0.709%	$513K	$2.3M	50x	as long as short
Kraken Futures PF_ARBUSD	+0.0236%	1h	0.2267	+0.413%	$1.1M	$4.9M	50x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2264	+0.276%	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0296% / S −0.0186%	1h	0.2266	+0.352%	$926K	—	150x	as long as short
RISEx ARB/USDC	+0.0330%	1h	0.2268	+0.450%	$515K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0468%	1h	0.2268	+0.430%	$1.0M	$2.9M	20x	as long as short