Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.1578%/8h= −172.8% APRpaid last 24h −0.470%

Price spread now: Injective against MEXC−0.420%70s7-day average −0.403% · you buy dearer than you sell

Net, funding: paid 7d − costs−$444as 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−$1041.045% of the position

Long on MEXC Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−3.391%−$339 on $10k

Price spread, last 3 days (all we have)+0.284%+$28 · spread now −0.420%, 7d avg −0.403%

Together, before fees−3.108%−$311 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.403%, so right now this pair is about funding alone: −$47 a day on $10k at the current rate. The two prices were read 70 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	MEXC ARB_USDT	0.2212	−0.0114	get 0.0114% / 8h	6h 28m	$40.0M	$59.7M	200x
Short	Injective ARB/USDC PERP	0.2203	−0.1692	pay 0.0211% / 1h	28m 09s	$40K	$372K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against MEXC. 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 MEXCbpFee InjectivebpOrdersPrice spread, now −0.420%Rate

Funding earned: −$331.34
Price spread: −0.420% → −0.403%: −$1.74
Slippage, 4 orders: −$104.45
Fee MEXC: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$437.55
Costs to cover: 1.045%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Injective: live order book, 41 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 MEXC live order book, 1 min ago	0.23 bp	1.3 bp −$1	9.7 bp −$97	43.8 bp −$4,375	69.7 bp −$34.9K
Sell Injective live order book, 41 min ago	50.63 bp	50.6 bp −$51	doesn't fit	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 PERPshort	−0.1692%	1h	0.2203	−0.420%	$40K	$372K	12x
01 Exchange ARBUSD	−0.0248%	1h	0.2212	−0.023%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0218%	1h	0.2212	−0.005%	$10K	$2.5M	5x	as long as short
Variational Omni ARB	−0.0172%	8h	0.2211	−0.063%	$1.9M	$2.9M	—	as long as short
OKX ARB-USDT-SWAP	−0.0114%	8h	0.2211	−0.041%	$22.3M	$156.7M	50x	as long as short
MEXC ARB_USDTlong	−0.0114%	8h	0.2212	long leg	$40.0M	$59.7M	200x
ApeX Omni ARBUSDT	−0.0110%	1h	0.2214	+0.077%	$119K	$293K	50x	as long as short
Bybit ARBUSDT	−0.0066%	8h	0.2212	−0.005%	$56.7M	$129.0M	50x	as long as short
Gate ARB_USDT	−0.0060%	8h	0.2212	0.000%	$5.4M	$19.8M	60x	as long as short
Orderly PERP_ARB_USDC	−0.0059%	8h	0.2213	+0.032%	$13K	$382K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	−0.0002%	8h	0.2213	+0.016%	$64.5M	$318.2M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2213	+0.024%	$65K	$5K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2212	−0.033%	$353K	$2.5M	25x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2213	+0.054%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0011%	1h	0.2213	+0.054%	$10K	—	150x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2214	+0.068%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2213	+0.009%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2213	+0.032%	$38.2M	$51.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2212	−0.009%	$659K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2214	+0.057%	$42K	$186K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2213	+0.023%	$19.6M	$15.8M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2211	−0.059%	$21.2M	$36.3M	50x	as long as short
BingX ARB-USDT	+0.0100%	8h	0.2212	−0.014%	—	$54.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2212	−0.033%	$40K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2219	+0.297%	$480K	$3.7M	10x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2213	+0.018%	$76K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2212	−0.014%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2212	0.000%	$297K	$1.0M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2212	−0.014%	$5.0M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0240%	1h	0.2215	+0.122%	$507K	$2.1M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2214	+0.059%	$826K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2211	−0.052%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0312%	1h	0.2214	+0.054%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2214	+0.077%	$473K	$2.6M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0520%	1h	0.2216	+0.149%	$998K	$2.9M	20x	as long as short