Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.1775%/8h= +194.3% APRpaid last 24h +0.520%

Price spread now: HTX against Injective+0.353%65s7-day average +0.413% · you sell dearer than you buy

Net, funding: paid 7d − costs+$176as 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−$1861.859% of the position

Long on Injective Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+3.615%+$362 on $10k

Price spread, last 3 days (all we have)−0.217%−$22 · spread now +0.353%, 7d avg +0.413%

Together, before fees+3.398%+$340 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.060% cheaper against Injective than usual: you would sell low and buy high (spread +0.353% now, against its 7-day average of +0.413%). If the spread goes back, that is −$6 on $10k: about 3 hours of funding at the current rate (+$53 a day). 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	Injective ARB/USDC PERP	0.2239	−0.1675	get 0.0209% / 1h	27m 34s	$40K	$197K	12x
Short	HTX ARB-USDT	0.2247	0.0100	get 0.0100% / 8h	2h 27m	$276K	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.353%Rate

Funding earned: $372.7
Price spread: +0.353% → +0.413%: −$6.01
Slippage, 4 orders: −$173.93
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee HTX: 6 bp × 2 orders: −$12
Net: $180.74
Costs to cover: 1.859%
Break-even: 3.6 days

Slippage from Injective: live order book, 61 min ago; HTX: live order book, 1 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, 61 min ago	51.10 bp	51.1 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	13.56 bp	47.1 bp −$47	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 PERPlong	−0.1675%	1h	0.2239	long leg	$40K	$197K	12x
01 Exchange ARBUSD	−0.0288%	1h	0.2249	+0.429%	$7K	$2K	10x	as long as short
Bybit ARBUSDT	−0.0179%	8h	0.2249	+0.460%	$56.6M	$136.1M	50x	as long as short
Variational Omni ARB	−0.0172%	8h	0.2249	+0.453%	$1.9M	$2.8M	—	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0105%	1h	0.2251	+0.536%	$38K	$20K	25x	as long as short
OKX ARB-USDT-SWAP	−0.0090%	8h	0.2249	+0.429%	$22.4M	$166.1M	50x	as long as short
MEXC ARB_USDT	−0.0088%	8h	0.2249	+0.433%	$37.8M	$63.6M	200x	as long as short
SoDEX ARB-USD	−0.0081%	1h	0.2249	+0.464%	$4K	$2.9M	5x	as long as short
Kraken Futures PF_ARBUSD	−0.0053%	1h	0.2250	+0.489%	$1.1M	$5.3M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0014%	8h	0.2250	+0.491%	$10K	$387K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps ARB-USD	−0.0002%	1h	0.2250	+0.482%	$78K	$2.2M	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2251	+0.545%	$67K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2251	+0.526%	$59K	—	150x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2249	+0.426%	$358K	$2.4M	25x	as long as short
Binance ARBUSDT	+0.0008%	8h	0.2250	+0.485%	$64.0M	$325.0M	75x	as long as short
Gate ARB_USDT	+0.0013%	8h	0.2250	+0.491%	$5.5M	$21.6M	60x	as long as short
BloFin ARB-USDT	+0.0043%	8h	0.2247	+0.375%	$3.0M	$3.3M	75x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2251	+0.552%	$147K	$12K	3x	as long as short
Bitget ARBUSDT	+0.0085%	8h	0.2249	+0.447%	$21.1M	$38.5M	50x	as long as short
BingX ARB-USDC	+0.0085%	8h	0.2249	+0.451%	—	$6.5M	—	as long as short
Lighter ARB	+0.0096%	1h	0.2252	+0.567%	$1.3M	$7.7M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2254	+0.652%	$40.3M	$53.2M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2250	+0.489%	$700K	$1.8M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2251	+0.558%	$47K	$200K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2253	+0.621%	$20.8M	$17.0M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2249	+0.434%	$36K	$453K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2249	+0.451%	$480K	$4.1M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2248	+0.402%	$122K	$297K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2250	+0.491%	$2K	$1.1M	30x	as long as short
HTX ARB-USDTshort	+0.0100%	8h	0.2247	+0.353%	$276K	$1.2M	50x
Phemex ARBUSDT	+0.0100%	8h	0.2249	+0.447%	$5.3M	$13.8M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0154% / S −0.0018%	1h	0.2250	+0.498%	$853K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2252	+0.598%	$502K	$2.5M	50x	as long as short
Reya ARBRUSDPERP	+0.0291%	1h	0.2249	+0.468%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0546%	1h	0.2252	+0.562%	$495K	$2.9M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0577%	1h	0.2254	+0.661%	$1.1M	$2.7M	20x	as long as short