Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1749%/8h= −191.5% APRpaid last 24h −0.510%

Price spread now: Injective against SunX−0.770%61s7-day average −0.516% · you buy dearer than you sell

Net, funding: paid 7d − costs−$618as 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−$2582.578% of the position

Long on SunX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−3.601%−$360 on $10k

Price spread, last 4 days (all we have)+0.503%+$50 · spread now −0.770%, 7d avg −0.516%

Together, before fees−3.098%−$310 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$52 a day on $10k at the current rate, and Injective is 0.254% cheaper against SunX than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.516%). Swap the legs. The two prices were read 61 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	SunX ARB-USDT	0.2208	0.0100	pay 0.0100% / 8h	4h 30m	$2K	$1.1M	30x
Short	Injective ARB/USDC PERP	0.2191	−0.1649	pay 0.0206% / 1h	30m 14s	$40K	$372K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against SunX. 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 SunXbpFee InjectivebpOrdersPrice spread, now −0.770%Rate

Funding earned: −$367.35
Price spread: −0.770% → −0.516%: −$25.4
Slippage, 4 orders: −$249.77
Fee SunX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$650.54
Costs to cover: 2.578%
Break-even: never at this rate

Slippage from SunX: live order book, 3 min ago; Injective: live order book, 29 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 SunX live order book, 3 min ago	31.77 bp	61.5 bp −$62	doesn't fit	doesn't fit	doesn't fit
Sell Injective live order book, 29 min ago	49.82 bp	49.8 bp −$50	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	−0.1649%	1h	0.2191	−0.770%	$40K	$372K	12x
01 Exchange ARBUSD	−0.0176%	1h	0.2205	−0.127%	$7K	$2K	10x	as long as short
MEXC ARB_USDT	−0.0135%	8h	0.2211	+0.118%	$42.2M	$60.7M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0133%	8h	0.2212	+0.163%	$22.2M	$149.3M	50x	as long as short
Polymarket Perps ARB-USD	−0.0124%	1h	0.2204	−0.163%	$90K	$2.2M	10x	as long as short
Variational Omni ARB	−0.0107%	8h	0.2202	−0.260%	$1.8M	$2.9M	—	as long as short
Orderly PERP_ARB_USDC	−0.0075%	8h	0.2207	−0.045%	$12K	$395K	10x	as long as short
Gate ARB_USDT	−0.0071%	8h	0.2211	+0.145%	$5.3M	$18.8M	60x	as long as short
Bybit ARBUSDT	−0.0027%	8h	0.2211	+0.118%	$55.8M	$126.9M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0006%	1h	0.2208	+0.016%	$1.1M	$4.4M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2205	−0.118%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2208	0.000%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2207	−0.045%	$32K	—	150x	as long as short
Binance ARBUSDT	+0.0013%	8h	0.2210	+0.099%	$64.3M	$307.6M	75x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2206	−0.091%	$352K	$2.5M	25x	as long as short
BloFin ARB-USDT	+0.0052%	8h	0.2202	−0.267%	$3.1M	$2.6M	75x	as long as short
BingX ARB-USDT	+0.0064%	8h	0.2211	+0.149%	—	$53.9M	—	as long as short
Bitget ARBUSDT	+0.0066%	8h	0.2211	+0.136%	$21.0M	$34.9M	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2208	−0.004%	$140K	$7K	3x	as long as short
SoDEX ARB-USD	+0.0087%	1h	0.2207	−0.036%	$10K	$2.3M	5x	as long as short
Lighter ARB	+0.0096%	1h	0.2207	−0.032%	$1.2M	$5.7M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2213	+0.217%	$38.0M	$48.9M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2206	−0.089%	$635K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2206	−0.110%	$43K	$169K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2208	−0.023%	$19.6M	$15.0M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2190	−0.838%	$39K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2191	−0.783%	$474K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2195	−0.589%	$118K	$284K	50x	as long as short
SunX ARB-USDTlong	+0.0100%	8h	0.2208	long leg	$2K	$1.1M	30x
HTX ARB-USDT	+0.0100%	8h	0.2206	−0.086%	$299K	$952K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2208	0.000%	$4.9M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2210	+0.091%	$493K	$2.0M	50x	as long as short
RISEx ARB/USDC	+0.0225%	1h	0.2207	−0.068%	$463K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0274% / S −0.0157%	1h	0.2207	−0.062%	$826K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2204	−0.181%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0632%	1h	0.2214	+0.290%	$997K	$2.8M	20x	as long as short