ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1792%/8h= +196.2% APRnext payment +$2.24 per $10,000 · paid last 24h +0.483%

Price spread now: Polymarket Perps against Injective+0.186%7-day average +0.392% · you sell dearer than you buy

Net, funding: paid 7d − costs+$194as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1151.150% of the position

Long on Injective Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+3.093%+$309 on $10k

Price spread, last 3 days (all we have)−0.131%−$13 · spread now +0.186%, 7d avg +0.392%

Together, before fees+2.961%+$296 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.206% cheaper against Injective than usual: you would sell low and buy high (spread +0.186% now, against its 7-day average of +0.392%). If the spread goes back, that is −$21 on $10k: about 9 hours of funding at the current rate (+$54 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ARB/USDC PERP	0.2208	−0.1692	get 0.0211% / 1h	31m 11s	$40K	$372K	12x
Short	Polymarket Perps ARB-USD	0.2212	0.0100	get 0.0013% / 1h	31m 11s	$76K	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.186%Rate

Funding earned: $376.28
Price spread: +0.186% → +0.392%: −$20.62
Slippage, 4 orders: −$106.99
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $240.65
Costs to cover: 1.150%
Break-even: 2.5 days

Slippage from Injective: live order book, 38 min ago; Polymarket Perps: 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, 38 min ago	50.63 bp	50.6 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	2.70 bp	6.7 bp −$7	11.5 bp −$115	doesn't fit	doesn't fit

ARB on 35 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	−0.1692%	1h	0.2208	long leg	$40K	$372K	12x
01 Exchange ARBUSD	−0.0240%	1h	0.2212	+0.159%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0218%	1h	0.2211	+0.131%	$10K	$2.5M	5x	as long as short
Variational Omni ARB	−0.0172%	8h	0.2211	+0.132%	$1.9M	$2.9M	—	as long as short
ApeX Omni ARBUSDT	−0.0156%	1h	0.2226	+0.815%	$120K	$296K	50x	as long as short
OKX ARB-USDT-SWAP	−0.0114%	8h	0.2211	+0.118%	$22.3M	$156.7M	50x	as long as short
MEXC ARB_USDT	−0.0112%	8h	0.2210	+0.113%	$40.2M	$59.6M	200x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0066%	1h	0.2212	+0.177%	$24K	$34K	25x	as long as short
Bybit ARBUSDT	−0.0065%	8h	0.2210	+0.095%	$56.7M	$129.0M	50x	as long as short
Gate ARB_USDT	−0.0062%	8h	0.2211	+0.136%	$5.4M	$19.8M	60x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ARB_USDC	−0.0059%	8h	0.2213	+0.226%	$12K	$381K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2214	+0.256%	$65K	$5K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2210	+0.099%	$353K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0002%	8h	0.2211	+0.131%	$64.5M	$318.0M	75x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0011%	1h	0.2212	+0.200%	$10K	—	150x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2213	+0.204%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2211	+0.136%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2213	+0.222%	$38.2M	$50.9M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2212	+0.186%	$659K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2214	+0.255%	$42K	$188K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2212	+0.190%	$19.6M	$15.8M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2210	+0.091%	$21.1M	$36.2M	50x	as long as short
BingX ARB-USDT	+0.0100%	8h	0.2211	+0.131%	—	$54.6M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2225	+0.758%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2219	+0.493%	$480K	$3.7M	10x	as long as short
Polymarket Perps ARB-USDshort	+0.0100%	1h	0.2212	+0.186%	$76K	$2.1M	10x
SunX ARB-USDT	+0.0100%	8h	0.2211	+0.136%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2212	+0.168%	$297K	$1.0M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2212	+0.181%	$5.0M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0240%	1h	0.2219	+0.498%	$508K	$2.1M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2212	+0.187%	$825K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2211	+0.122%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0312%	1h	0.2212	+0.203%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2213	+0.204%	$469K	$2.6M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0537%	1h	0.2216	+0.344%	$998K	$2.9M	20x	as long as short