Funding you earn now, next payment 06:00 UTC+0.1518%/8h= +166.3% APRpaid last 24h +0.463%
Price spread now: OKX against Injective+0.668%58s7-day average +0.375% · you sell dearer than you buy
Net, funding: paid 7d − costs+$214as 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−$1241.241% of the position
Funding, last 7 days+3.377%+$338 on $10k
+Price spread, last 4 days (all we have)−0.982%−$98 · spread now +0.668%, 7d avg +0.375%
=Both sides work for this trade now. Funding pays +$46 a day on $10k at the current rate, and OKX is 0.293% dearer against Injective than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of +0.375%. The two prices were read 58 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 | 0.2171 | −0.1581 | get 0.0198% / 1h | 22m 26s | $39K | $372K | 12x |
| Short | OKX ARB-USDT-SWAP | 0.2185 | −0.0062 | pay 0.0062% / 8h | 2h 22m | $21.6M | $143.2M | 50x |
Injective ARB/USDC PERP
OKX ARB-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $318.87
- Price spread: +0.668% → +0.375%
- $29.3
- Slippage, 4 orders
- −$114.05
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $224.1
- Costs to cover
- 1.241%
- Break-even
- 2.1 days
Slippage from Injective: live order book, 27 min ago; OKX: 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, 27 min ago | 52.60 bp | 52.6 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.23 bp | 11.0 bp −$11 | 28.8 bp −$288 | 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 | −0.1581% | 1h | 0.2171 | long leg | $39K | $372K | 12x | |
| 01 Exchange ARBUSD | −0.0176% | 1h | 0.2184 | +0.599% | $7K | $236 | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0097% | 1h | 0.2184 | +0.594% | $78K | $2.1M | 10x | as long as short |
| Variational Omni ARB | −0.0096% | 8h | 0.2174 | +0.156% | $1.8M | $3.0M | — | as long as short |
| Bybit ARBUSDT | −0.0076% | 8h | 0.2184 | +0.585% | $54.6M | $124.1M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0075% | 1h | 0.2183 | +0.557% | $1.0M | $4.4M | 50x | as long as short |
| OKX ARB-USDT-SWAPshort | −0.0062% | 8h | 0.2185 | +0.668% | $21.6M | $143.2M | 50x | |
| MEXC ARB_USDT | −0.0062% | 8h | 0.2184 | +0.613% | $41.6M | $61.4M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0049% | 8h | 0.2186 | +0.691% | $12K | $409K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2184 | +0.606% | $65K | $5K | 10x | as long as short |
01 Exchange ARBUSD
Polymarket Perps ARB-USD
Variational Omni ARB
Bybit ARBUSDT
Kraken Futures PF_ARBUSD
MEXC ARB_USDT
Orderly PERP_ARB_USDC
dYdX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2182 | +0.530% | $23K | $33K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2185 | +0.645% | $44K | — | 150x | as long as short |
| Bitget ARBUSDT | +0.0056% | 8h | 0.2184 | +0.599% | $20.9M | $34.2M | 50x | as long as short |
| Gate ARB_USDT | +0.0076% | 8h | 0.2184 | +0.608% | $5.4M | $18.2M | 60x | as long as short |
| BingX ARB-USDT | +0.0082% | 8h | 0.2184 | +0.603% | — | $53.8M | — | as long as short |
| RISEx ARB/USDC | +0.0086% | 1h | 0.2185 | +0.638% | $444K | $2.6M | 10x | as long as short |
| Extended ARB-USD | +0.0088% | 1h | 0.2184 | +0.579% | $347K | $2.8M | 25x | as long as short |
| Binance ARBUSDT | +0.0090% | 8h | 0.2185 | +0.629% | $62.4M | $300.2M | 75x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2184 | +0.603% | $1.2M | $5.5M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2186 | +0.691% | $36.5M | $48.7M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2185 | +0.628% | $629K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2185 | +0.649% | $42K | $160K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2186 | +0.673% | $19.5M | $14.4M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2172 | +0.031% | $38K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2182 | +0.507% | $464K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2171 | 0.000% | $117K | $282K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2184 | +0.599% | $2K | $1.1M | 30x | as long as short |
| SoDEX ARB-USD | +0.0100% | 1h | 0.2182 | +0.516% | $9K | $2.2M | 5x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2184 | +0.617% | $292K | $891K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2181 | +0.461% | $4.8M | $12.7M | 50x | as long as short |
| Aevo ARB-PERP | +0.0104% | 1h | 0.2183 | +0.553% | $138K | $7K | 3x | as long as short |
| BloFin ARB-USDT | +0.0208% | 8h | 0.2183 | +0.548% | $3.0M | $2.4M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0277% / S −0.0159% | 1h | 0.2185 | +0.627% | $827K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2184 | +0.599% | $506K | $1.6M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2184 | +0.578% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0694% | 1h | 0.2186 | +0.700% | $980K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Bitget ARBUSDT
Gate ARB_USDT
BingX ARB-USDT
RISEx ARB/USDC
Extended ARB-USD
Binance ARBUSDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
SoDEX ARB-USD
HTX ARB-USDT
Phemex ARBUSDT
Aevo ARB-PERP
BloFin ARB-USDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP