Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1885%/8h= +206.4% APRpaid last 24h +0.517%

Price spread now: SunX against Injective+0.934%61s7-day average +0.515% · you sell dearer than you buy

Net, funding: paid 7d − costs+$106as 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−$2552.554% of the position

Long on Injective Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+3.613%+$361 on $10k

Price spread, last 3 days (all we have)−0.515%−$52 · spread now +0.934%, 7d avg +0.515%

Together, before fees+3.098%+$310 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$57 a day on $10k at the current rate, and SunX is 0.418% dearer against Injective than usual: you sell high and buy low: +$42 more if the spread goes back to its 7-day average of +0.515%. The two prices were read 61 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	0.2249	−0.1785	get 0.0223% / 1h	3m 28s	$41K	$372K	12x
Short	SunX ARB-USDT	0.2270	0.0100	get 0.0100% / 8h	3m 28s	$1K	$1.1M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.934%Rate

Funding earned: $395.76
Price spread: +0.934% → +0.515%: $41.85
Slippage, 4 orders: −$247.41
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SunX: 4 bp × 2 orders: −$8
Net: $182.18
Costs to cover: 2.554%
Break-even: 3.8 days

Slippage from Injective: live order book, 11 min ago; SunX: live order book, 10 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, 11 min ago	50.58 bp	50.6 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	30.82 bp	93.8 bp −$94	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	−0.1785%	1h	0.2249	long leg	$41K	$372K	12x
Polymarket Perps ARB-USD	−0.0217%	1h	0.2264	+0.685%	$66K	$2.0M	10x	as long as short
01 Exchange ARBUSD	−0.0208%	1h	0.2265	+0.707%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0196%	8h	0.2255	+0.278%	$2.0M	$2.8M	—	as long as short
Bybit ARBUSDT	−0.0181%	8h	0.2263	+0.640%	$58.4M	$128.1M	50x	as long as short
SoDEX ARB-USD	−0.0171%	1h	0.2268	+0.836%	$4K	$2.6M	5x	as long as short
OKX ARB-USDT-SWAP	−0.0113%	8h	0.2264	+0.685%	$22.9M	$159.2M	50x	as long as short
MEXC ARB_USDT	−0.0112%	8h	0.2264	+0.654%	$38.4M	$60.2M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0042%	8h	0.2268	+0.845%	$12K	$394K	10x	as long as short
Gate ARB_USDT	−0.0017%	8h	0.2265	+0.729%	$5.4M	$20.3M	60x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	0.0000%	8h	0.2264	+0.676%	$66.7M	$313.2M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2264	+0.667%	$67K	$4K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2264	+0.645%	$361K	$2.3M	25x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2269	+0.907%	$25K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2270	+0.924%	$56K	—	150x	as long as short
Bitget ARBUSDT	+0.0052%	8h	0.2264	+0.667%	$21.4M	$36.0M	50x	as long as short
BingX ARB-USDC	+0.0054%	8h	0.2263	+0.618%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2270	+0.920%	$148K	$12K	3x	as long as short
BloFin ARB-USDT	+0.0094%	8h	0.2260	+0.476%	$3.1M	$2.8M	75x	as long as short
Lighter ARB	+0.0096%	1h	0.2265	+0.703%	$1.4M	$7.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2267	+0.805%	$41.1M	$47.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2266	+0.762%	$704K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2265	+0.731%	$47K	$183K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2263	+0.627%	$19.7M	$16.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2262	+0.557%	$40K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2262	+0.580%	$482K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2263	+0.622%	$122K	$295K	50x	as long as short
SunX ARB-USDTshort	+0.0100%	8h	0.2270	+0.934%	$1K	$1.1M	30x
HTX ARB-USDT	+0.0100%	8h	0.2268	+0.845%	$292K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2268	+0.845%	$5.2M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0216%	1h	0.2271	+0.974%	$512K	$2.3M	50x	as long as short
Kraken Futures PF_ARBUSD	+0.0236%	1h	0.2271	+0.958%	$1.1M	$4.9M	50x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2264	+0.648%	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0297% / S −0.0186%	1h	0.2270	+0.925%	$928K	—	150x	as long as short
RISEx ARB/USDC	+0.0330%	1h	0.2267	+0.805%	$515K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0463%	1h	0.2272	+1.040%	$1.0M	$2.8M	20x	as long as short