Funding you earn now, next payment 01:00 UTC−0.1766%/8h= −193.4% APRnext payment −$2.21 per $10,000 · paid last 24h −0.516%
Price spread now: Injective against Pacifica−0.721%99s7-day average −0.421% · you buy dearer than you sell
Net, funding: paid 7d − costs−$487as 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−$1271.265% of the position
Funding, last 7 days−3.608%−$361 on $10k
+Price spread, last 3 days (all we have)+0.838%+$84 · spread now −0.721%, 7d avg −0.421%
=Together, before fees−2.770%+ Points / potential airdropPacifica: Active · farm board−$277 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$53 a day on $10k at the current rate, and Injective is 0.301% cheaper against Pacifica than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of −0.421%). Swap the legs. The two prices were read 99 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 | Pacifica ARB | 0.2277 | 0.0100 | pay 0.0013% / 1h | 19m 21s | $46K | $184K | 10x |
| Short | Injective ARB/USDC PERP | 0.2261 | −0.1666 | pay 0.0208% / 1h | 19m 21s | $41K | $372K | 12x |
Pacifica ARB
Injective ARB/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Pacifica. 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
- −$370.94
- Price spread: −0.721% → −0.421%
- −$30.08
- Slippage, 4 orders
- −$118.48
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$527.52
- Costs to cover
- 1.265%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 53 min ago; Injective: live order book, 55 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 Pacifica live order book, 53 min ago | 7.05 bp | 11.6 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective live order book, 55 min ago | 50.58 bp | 50.6 bp −$51 | 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 PERPshort | −0.1666% | 1h | 0.2261 | −0.721% | $41K | $372K | 12x | |
| Variational Omni ARB | −0.0201% | 8h | 0.2267 | −0.477% | $2.0M | $2.8M | — | as long as short |
| 01 Exchange ARBUSD | −0.0152% | 1h | 0.2276 | −0.058% | $7K | $2K | 10x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0136% | 1h | 0.2280 | +0.099% | $1.1M | $4.9M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0111% | 8h | 0.2273 | −0.208% | $23.0M | $158.3M | 50x | as long as short |
| MEXC ARB_USDT | −0.0110% | 8h | 0.2275 | −0.107% | $39.2M | $59.2M | 200x | as long as short |
| Bybit ARBUSDT | −0.0088% | 8h | 0.2274 | −0.159% | $59.0M | $126.5M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0048% | 8h | 0.2274 | −0.151% | $13K | $386K | 10x | as long as short |
| SoDEX ARB-USD | −0.0038% | 1h | 0.2278 | +0.029% | $4K | $2.5M | 5x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2277 | −0.004% | $67K | $4K | 10x | as long as short |
Variational Omni ARB
01 Exchange ARBUSD
Kraken Futures PF_ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Bybit ARBUSDT
Orderly PERP_ARB_USDC
SoDEX ARB-USD
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 | 0.2279 | +0.056% | $25K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2275 | −0.085% | $33K | — | 150x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2274 | −0.159% | $366K | $2.6M | 25x | as long as short |
| Binance ARBUSDT | +0.0011% | 8h | 0.2276 | −0.076% | $67.0M | $310.0M | 75x | as long as short |
| BloFin ARB-USDT | +0.0038% | 8h | 0.2272 | −0.256% | $3.1M | $2.9M | 75x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2285 | +0.333% | $145K | $7K | 3x | as long as short |
| BingX ARB-USDT | +0.0081% | 8h | 0.2274 | −0.155% | — | $54.3M | — | as long as short |
| Bitget ARBUSDT | +0.0088% | 8h | 0.2275 | −0.107% | $21.7M | $35.6M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2280 | +0.100% | $1.4M | $7.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2279 | +0.073% | $41.3M | $47.3M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2277 | +0.003% | $708K | $1.6M | 20x | as long as short |
| Pacifica ARBlong | +0.0100% | 1h | 0.2277 | long leg | $46K | $184K | 10x | |
| Gate ARB_USDT | +0.0100% | 8h | 0.2276 | −0.067% | $5.5M | $19.8M | 60x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2276 | −0.063% | $19.8M | $15.8M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2269 | −0.365% | $41K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2268 | −0.411% | $483K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2267 | −0.458% | $122K | $295K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2276 | −0.050% | $65K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2280 | +0.113% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2280 | +0.113% | $299K | $981K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2278 | +0.025% | $5.2M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0232% | 1h | 0.2274 | −0.151% | $513K | $2.3M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0288% / S −0.0175% | 1h | 0.2279 | +0.070% | $902K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2275 | −0.115% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0384% | 1h | 0.2278 | +0.011% | $520K | $2.6M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0590% | 1h | 0.2284 | +0.310% | $1.0M | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
BloFin ARB-USDT
Aevo ARB-PERP
BingX ARB-USDT
Bitget ARBUSDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Gate ARB_USDT
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP