Funding you earn now, next payment 01:00 UTC−0.1465%/8h= −160.4% APRpaid last 24h −0.485%
Price spread now: Injective against Variational Omni−0.246%106s7-day average −0.415% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−1.747%−$175 on $10k
+Price spread, last 3 days (all we have)+0.379%+$38 · spread now −0.246%, 7d avg −0.415%
=Together, before fees−1.368%+ Points / potential airdropVariational Omni: Active · farm board−$137 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 0.169% dearer against Variational Omni than usual: you sell high and buy low (spread −0.246% now, against its 7-day average of −0.415%): +$17 on $10k if it goes back. Holding the pair costs −$44 a day in funding at the current rate, which eats that in about 9 hours. The two prices were read 106 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 | Variational Omni ARB | 0.2267 | −0.0201 | get 0.0201% / 8h | 7h 19m | $2.0M | $2.8M | — |
| Short | Injective ARB/USDC PERP | 0.2261 | −0.1666 | pay 0.0208% / 1h | 19m 23s | $41K | $372K | 12x |
Variational Omni ARB
Injective ARB/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Variational Omni. 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
- −$307.68
- Price spread: −0.246% → −0.415%
- $16.91
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$290.79
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Injective: live order book, 55 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 Variational Omni RFQ quote, 5 min ago | 4.40 bp | doesn't fit | 17.6 bp −$176 | 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 | −0.246% | $41K | $372K | 12x | |
| Variational Omni ARBlong | −0.0201% | 8h | 0.2267 | long leg | $2.0M | $2.8M | — | |
| 01 Exchange ARBUSD | −0.0152% | 1h | 0.2276 | +0.420% | $7K | $2K | 10x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0136% | 1h | 0.2280 | +0.579% | $1.1M | $4.9M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0111% | 8h | 0.2273 | +0.270% | $23.0M | $158.3M | 50x | as long as short |
| MEXC ARB_USDT | −0.0110% | 8h | 0.2275 | +0.372% | $39.2M | $59.2M | 200x | as long as short |
| Bybit ARBUSDT | −0.0088% | 8h | 0.2274 | +0.319% | $59.0M | $126.5M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0048% | 8h | 0.2274 | +0.328% | $13K | $386K | 10x | as long as short |
| SoDEX ARB-USD | −0.0038% | 1h | 0.2278 | +0.508% | $4K | $2.5M | 5x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2277 | +0.475% | $67K | $4K | 10x | as long as short |
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 | +0.535% | $25K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2275 | +0.393% | $33K | — | 150x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2274 | +0.320% | $366K | $2.6M | 25x | as long as short |
| Binance ARBUSDT | +0.0011% | 8h | 0.2276 | +0.402% | $67.0M | $310.0M | 75x | as long as short |
| BloFin ARB-USDT | +0.0038% | 8h | 0.2272 | +0.222% | $3.1M | $2.9M | 75x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2285 | +0.813% | $145K | $7K | 3x | as long as short |
| BingX ARB-USDT | +0.0081% | 8h | 0.2274 | +0.323% | — | $54.3M | — | as long as short |
| Bitget ARBUSDT | +0.0088% | 8h | 0.2275 | +0.372% | $21.7M | $35.6M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2280 | +0.579% | $1.4M | $7.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2279 | +0.553% | $41.3M | $47.3M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2277 | +0.482% | $708K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2277 | +0.479% | $46K | $184K | 10x | as long as short |
| Gate ARB_USDT | +0.0100% | 8h | 0.2276 | +0.411% | $5.5M | $19.8M | 60x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2276 | +0.416% | $19.8M | $15.8M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2269 | +0.112% | $41K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2268 | +0.066% | $483K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2267 | +0.019% | $122K | $295K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2276 | +0.429% | $65K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2280 | +0.592% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2280 | +0.592% | $299K | $981K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2278 | +0.504% | $5.2M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0232% | 1h | 0.2274 | +0.328% | $513K | $2.3M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0288% / S −0.0175% | 1h | 0.2279 | +0.549% | $902K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2275 | +0.363% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0384% | 1h | 0.2278 | +0.490% | $520K | $2.6M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0590% | 1h | 0.2284 | +0.791% | $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
Pacifica ARB
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