Funding you earn now, next payment 03:00 UTC−0.1504%/8h= −164.7% APRpaid last 24h −0.466%
Price spread now: Injective against Orderly−0.314%58s7-day average −0.433% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−3.310%−$331 on $10k
+Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.314%, 7d avg −0.433%
=The price spread pays, funding is against you. Injective is 0.119% dearer against Orderly than usual: you sell high and buy low (spread −0.314% now, against its 7-day average of −0.433%): +$12 on $10k if it goes back. Holding the pair costs −$45 a day in funding at the current rate, which eats that in about 6 hours. 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 | Orderly PERP_ARB_USDC | 0.2232 | −0.0073 | get 0.0073% / 8h | 5h 15m | $13K | $386K | 10x |
| Short | Injective ARB/USDC PERP | 0.2225 | −0.1577 | pay 0.0197% / 1h | 15m 49s | $40K | $372K | 12x |
Orderly PERP_ARB_USDC
Injective ARB/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Orderly. 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
- −$315.82
- Price spread: −0.314% → −0.433%
- $11.94
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$309.9
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Injective: live order book, 48 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Injective live order book, 48 min ago | 51.70 bp | 51.7 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 PERPshort | −0.1577% | 1h | 0.2225 | −0.314% | $40K | $372K | 12x | |
| Variational Omni ARB | −0.0144% | 8h | 0.2231 | −0.058% | $1.9M | $2.9M | — | as long as short |
| OKX ARB-USDT-SWAP | −0.0139% | 8h | 0.2226 | −0.255% | $22.4M | $150.4M | 50x | as long as short |
| MEXC ARB_USDT | −0.0138% | 8h | 0.2228 | −0.157% | $38.4M | $59.3M | 200x | as long as short |
| Gate ARB_USDT | −0.0113% | 8h | 0.2230 | −0.103% | $5.4M | $19.2M | 60x | as long as short |
| 01 Exchange ARBUSD | −0.0112% | 1h | 0.2231 | −0.058% | $7K | $2K | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0105% | 1h | 0.2231 | −0.054% | $89K | $2.1M | 10x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0098% | 1h | 0.2232 | −0.013% | $1.1M | $4.4M | 50x | as long as short |
| Bybit ARBUSDT | −0.0087% | 8h | 0.2227 | −0.224% | $56.7M | $126.0M | 50x | as long as short |
| SoDEX ARB-USD | −0.0078% | 1h | 0.2231 | −0.058% | $10K | $2.4M | 5x | as long as short |
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Gate ARB_USDT
01 Exchange ARBUSD
Polymarket Perps ARB-USD
Kraken Futures PF_ARBUSD
Bybit ARBUSDT
SoDEX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ARB_USDClong | −0.0073% | 8h | 0.2232 | long leg | $13K | $386K | 10x | |
| Deribit ARB_USDC-PERPETUAL | −0.0064% | 1h | 0.2232 | 0.000% | $25K | $34K | 25x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2231 | −0.056% | $66K | $5K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0013% | 1h | 0.2233 | +0.045% | $11K | — | 150x | as long as short |
| Extended ARB-USD | +0.0024% | 1h | 0.2228 | −0.197% | $355K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0026% | 8h | 0.2230 | −0.099% | $65.1M | $306.8M | 75x | as long as short |
| Phemex ARBUSDT | +0.0054% | 8h | 0.2231 | −0.045% | $5.0M | $12.9M | 50x | as long as short |
| Bitget ARBUSDT | +0.0079% | 8h | 0.2227 | −0.224% | $21.2M | $34.6M | 50x | as long as short |
| BingX ARB-USDT | +0.0081% | 8h | 0.2229 | −0.125% | — | $54.0M | — | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2232 | +0.014% | $142K | $7K | 3x | as long as short |
| BloFin ARB-USDT | +0.0095% | 8h | 0.2230 | −0.085% | $3.1M | $2.7M | 75x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2231 | −0.049% | $1.2M | $6.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2231 | −0.049% | $38.7M | $49.1M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2231 | −0.025% | $653K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2230 | −0.106% | $43K | $169K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2230 | −0.112% | $19.7M | $15.3M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2235 | +0.114% | $40K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2235 | +0.150% | $484K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2241 | +0.403% | $121K | $283K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2232 | 0.000% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2230 | −0.085% | $303K | $940K | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2237 | +0.224% | $505K | $2.0M | 50x | as long as short |
| RISEx ARB/USDC | +0.0232% | 1h | 0.2232 | −0.016% | $485K | $2.6M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2233 | +0.035% | $833K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2230 | −0.087% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0579% | 1h | 0.2233 | +0.045% | $1.0M | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
Phemex ARBUSDT
Bitget ARBUSDT
BingX ARB-USDT
Aevo ARB-PERP
BloFin ARB-USDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Coinbase International ARB-PERP-INTX
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP