Funding you earn now, next payment 06:00 UTC−0.1681%/8h= −184.0% APRnext payment −$2.10 per $10,000 · paid last 24h −0.461%
Price spread now: Injective against SoDEX−0.769%62s7-day average −0.418% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1161.155% of the position
Funding, last 3 days (all we have)−1.689%−$169 on $10k
+Price spread, last 4 days (all we have)+0.487%+$49 · spread now −0.769%, 7d avg −0.418%
=Both sides work against this trade now: funding costs −$50 a day on $10k at the current rate, and Injective is 0.351% cheaper against SoDEX than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of −0.418%). Swap the legs. The two prices were read 62 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 | SoDEX ARB-USD | 0.2185 | 0.0100 | pay 0.0013% / 1h | 55m 59s | $10K | $2.2M | 5x |
| Short | Injective ARB/USDC PERP | 0.2168 | −0.1581 | pay 0.0198% / 1h | 55m 59s | $39K | $372K | 12x |
SoDEX ARB-USD
Injective ARB/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against SoDEX. 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
- −$352.94
- Price spread: −0.769% → −0.418%
- −$35.13
- Slippage, 4 orders
- −$107.49
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$503.58
- Costs to cover
- 1.155%
- Break-even
- never at this rate
Slippage from SoDEX: live order book, 3 min ago; Injective: live order book, 58 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 SoDEX live order book, 3 min ago | 0.23 bp | 5.4 bp −$5 | 19.3 bp −$193 | doesn't fit | doesn't fit |
| Sell Injective live order book, 58 min ago | 52.31 bp | 52.3 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 | −0.1581% | 1h | 0.2168 | −0.769% | $39K | $372K | 12x | |
| 01 Exchange ARBUSD | −0.0200% | 1h | 0.2182 | −0.114% | $7K | $1K | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0125% | 1h | 0.2182 | −0.128% | $78K | $2.1M | 10x | as long as short |
| Variational Omni ARB | −0.0095% | 8h | 0.2182 | −0.120% | $1.8M | $3.0M | — | as long as short |
| MEXC ARB_USDT | −0.0094% | 8h | 0.2184 | −0.050% | $41.2M | $60.1M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0093% | 8h | 0.2184 | −0.055% | $21.7M | $142.6M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0074% | 1h | 0.2186 | +0.042% | $1.1M | $4.4M | 50x | as long as short |
| Bybit ARBUSDT | −0.0060% | 8h | 0.2182 | −0.119% | $54.4M | $123.7M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0059% | 8h | 0.2185 | +0.009% | $12K | $407K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2183 | −0.089% | $65K | $5K | 10x | as long as short |
01 Exchange ARBUSD
Polymarket Perps ARB-USD
Variational Omni ARB
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Kraken Futures PF_ARBUSD
Bybit ARBUSDT
Orderly PERP_ARB_USDC
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 | 0.2185 | +0.032% | $24K | $31K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2184 | −0.017% | $44K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0016% | 8h | 0.2185 | −0.005% | $5.4M | $18.0M | 60x | as long as short |
| Bitget ARBUSDT | +0.0049% | 8h | 0.2182 | −0.128% | $20.8M | $34.1M | 50x | as long as short |
| BingX ARB-USDT | +0.0070% | 8h | 0.2184 | −0.055% | — | $53.7M | — | as long as short |
| Extended ARB-USD | +0.0072% | 1h | 0.2182 | −0.150% | $348K | $2.8M | 25x | as long as short |
| Binance ARBUSDT | +0.0073% | 8h | 0.2184 | −0.037% | $62.8M | $300.7M | 75x | as long as short |
| RISEx ARB/USDC | +0.0086% | 1h | 0.2183 | −0.089% | $442K | $2.6M | 10x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2184 | −0.023% | $1.2M | $5.5M | 15x | as long as short |
| Aevo ARB-PERP | +0.0096% | 1h | 0.2186 | +0.038% | $139K | $7K | 3x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2185 | +0.014% | $36.9M | $48.8M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2185 | −0.010% | $629K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2183 | −0.073% | $42K | $160K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2185 | +0.032% | $19.5M | $14.5M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2180 | −0.216% | $39K | $465K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2181 | −0.194% | $463K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2181 | −0.174% | $118K | $283K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2186 | +0.055% | $2K | $1.1M | 30x | as long as short |
| SoDEX ARB-USDlong | +0.0100% | 1h | 0.2185 | long leg | $10K | $2.2M | 5x | |
| HTX ARB-USDT | +0.0100% | 8h | 0.2186 | +0.064% | $295K | $887K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2185 | +0.009% | $4.9M | $12.8M | 50x | as long as short |
| BloFin ARB-USDT | +0.0190% | 8h | 0.2188 | +0.124% | $3.0M | $2.5M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0277% / S −0.0160% | 1h | 0.2184 | −0.023% | $830K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2185 | +0.009% | $500K | $1.6M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2181 | −0.160% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0688% | 1h | 0.2187 | +0.105% | $981K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Bitget ARBUSDT
BingX ARB-USDT
Extended ARB-USD
Binance ARBUSDT
RISEx ARB/USDC
Lighter ARB
Aevo ARB-PERP
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
BloFin ARB-USDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP