Funding you earn now, next payment 07:00 UTC−0.1377%/8h= −150.8% APRnext payment −$1.72 per $10,000 · paid last 24h −0.469%
Price spread now: Injective against Polymarket Perps−0.461%51s7-day average −0.391% · you buy dearer than you sell
Net, funding: paid 7d − costs−$425as 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−$1171.173% of the position
Funding, last 7 days−3.073%−$307 on $10k
+Price spread, last 4 days (all we have)+0.526%+$53 · spread now −0.461%, 7d avg −0.391%
=Both sides work against this trade now: funding costs −$41 a day on $10k at the current rate, and Injective is 0.070% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.391%). Swap the legs. The two prices were read 51 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 | Polymarket Perps ARB-USD | 0.2214 | −0.0215 | get 0.0027% / 1h | 42m 36s | $68K | $2.1M | 10x |
| Short | Injective ARB/USDC PERP | 0.2204 | −0.1592 | pay 0.0199% / 1h | 42m 36s | $40K | $372K | 12x |
Polymarket Perps ARB-USD
Injective ARB/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Polymarket Perps. 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
- −$289.13
- Price spread: −0.461% → −0.391%
- −$6.98
- Slippage, 4 orders
- −$109.29
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$413.42
- Costs to cover
- 1.173%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 6 min ago; Injective: live order book, 1 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 Polymarket Perps live order book, 6 min ago | 2.72 bp | 6.7 bp −$7 | 9.6 bp −$96 | doesn't fit | doesn't fit |
| Sell Injective live order book, 1 min ago | 51.93 bp | 51.9 bp −$52 | 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 | −0.1592% | 1h | 0.2204 | −0.461% | $40K | $372K | 12x | |
| Polymarket Perps ARB-USDlong | −0.0215% | 1h | 0.2214 | long leg | $68K | $2.1M | 10x | |
| OKX ARB-USDT-SWAP | −0.0073% | 8h | 0.2214 | 0.000% | $22.2M | $146.9M | 50x | as long as short |
| MEXC ARB_USDT | −0.0073% | 8h | 0.2214 | −0.005% | $42.3M | $61.7M | 200x | as long as short |
| Variational Omni ARB | −0.0065% | 8h | 0.2209 | −0.255% | $1.8M | $3.0M | — | as long as short |
| 01 Exchange ARBUSD | −0.0064% | 1h | 0.2215 | +0.041% | $7K | $236 | 10x | as long as short |
| SoDEX ARB-USD | −0.0063% | 1h | 0.2215 | +0.023% | $9K | $2.2M | 5x | as long as short |
| Orderly PERP_ARB_USDC | −0.0044% | 8h | 0.2215 | +0.036% | $12K | $405K | 10x | as long as short |
| Bybit ARBUSDT | −0.0021% | 8h | 0.2215 | +0.054% | $54.5M | $126.5M | 50x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2217 | +0.109% | $66K | $5K | 10x | as long as short |
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Variational Omni ARB
01 Exchange ARBUSD
SoDEX ARB-USD
Orderly PERP_ARB_USDC
Bybit ARBUSDT
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 | 0.2216 | +0.099% | $28K | $38K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2217 | +0.106% | $44K | — | 150x | as long as short |
| RISEx ARB/USDC | +0.0056% | 1h | 0.2215 | +0.041% | $462K | $2.6M | 10x | as long as short |
| Gate ARB_USDT | +0.0058% | 8h | 0.2214 | −0.009% | $5.5M | $18.3M | 60x | as long as short |
| Bitget ARBUSDT | +0.0058% | 8h | 0.2215 | +0.036% | $21.3M | $34.8M | 50x | as long as short |
| Binance ARBUSDT | +0.0093% | 8h | 0.2215 | +0.059% | $63.3M | $302.0M | 75x | as long as short |
| BingX ARB-USDT | +0.0095% | 8h | 0.2214 | +0.005% | — | $53.0M | — | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2215 | +0.027% | $1.3M | $5.5M | 15x | as long as short |
| Extended ARB-USD | +0.0096% | 1h | 0.2213 | −0.033% | $352K | $2.8M | 25x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2217 | +0.131% | $37.5M | $49.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2216 | +0.101% | $636K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2215 | +0.030% | $43K | $150K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2215 | +0.023% | $19.7M | $14.3M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2214 | +0.009% | $39K | $465K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2212 | −0.097% | $480K | $3.7M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2218 | +0.172% | $120K | $282K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2216 | +0.081% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2215 | +0.050% | $296K | $872K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2215 | +0.036% | $5.0M | $12.8M | 50x | as long as short |
| Aevo ARB-PERP | +0.0104% | 1h | 0.2217 | +0.111% | $141K | $7K | 3x | as long as short |
| BloFin ARB-USDT | +0.0215% | 8h | 0.2215 | +0.041% | $3.1M | $2.4M | 75x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0230% | 1h | 0.2216 | +0.101% | $1.1M | $4.5M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2217 | +0.126% | $836K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2221 | +0.298% | $520K | $1.6M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2214 | 0.000% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0658% | 1h | 0.2219 | +0.203% | $995K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
RISEx ARB/USDC
Gate ARB_USDT
Bitget ARBUSDT
Binance ARBUSDT
BingX ARB-USDT
Lighter ARB
Extended ARB-USD
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Aevo ARB-PERP
BloFin ARB-USDT
Kraken Futures PF_ARBUSD
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP