Funding you earn now, next payment 08:00 UTC−0.1612%/8h= −176.6% APRnext payment −$2.02 per $10,000 · paid last 24h −0.454%
Price spread now: Injective against Deribit−0.652%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$48 a day on $10k at the current rate, and Injective is 0.652% cheaper against Deribit than usual: you would sell low and buy high (−$65 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ARB_USDC-PERPETUAL | 0.2178 | 0 | get 0.0000% / 1h | 18m 55s | $28K | $38K | 25x |
| Short | Injective ARB/USDC PERP | 0.2164 | −0.1612 | pay 0.0202% / 1h | 18m 55s | $39K | $372K | 12x |
Deribit ARB_USDC-PERPETUAL
Injective ARB/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Deribit. 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
- −$338.62
- Price spread: −0.652% → 0.000%
- −$65.19
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$410.83
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Injective: live order book, 20 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Injective live order book, 20 min ago | 52.62 bp | 52.6 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.1612% | 1h | 0.2164 | −0.652% | $39K | $372K | 12x | |
| 01 Exchange ARBUSD | −0.0200% | 1h | 0.2175 | −0.129% | $7K | $236 | 10x | as long as short |
| MEXC ARB_USDT | −0.0083% | 8h | 0.2177 | −0.041% | $41.7M | $62.6M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0081% | 8h | 0.2177 | −0.032% | $21.8M | $144.3M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0044% | 8h | 0.2176 | −0.101% | $13K | $404K | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0009% | 1h | 0.2175 | −0.124% | $76K | $2.1M | 10x | as long as short |
| Extended ARB-USD | −0.0008% | 1h | 0.2177 | −0.055% | $347K | $3.1M | 25x | as long as short |
| Binance ARBUSDT | −0.0006% | 8h | 0.2178 | −0.015% | $62.4M | $301.2M | 75x | as long as short |
| SoDEX ARB-USD | −0.0003% | 1h | 0.2177 | −0.037% | $9K | $2.2M | 5x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2173 | −0.227% | $64K | $5K | 10x | as long as short |
01 Exchange ARBUSD
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Orderly PERP_ARB_USDC
Polymarket Perps ARB-USD
Extended ARB-USD
Binance ARBUSDT
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-PERPETUALlong | 0.0000% | 1h | 0.2178 | long leg | $28K | $38K | 25x | |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0007% | 1h | 0.2177 | −0.056% | $69K | — | 150x | as long as short |
| Variational Omni ARB | +0.0011% | 8h | 0.2172 | −0.300% | $1.8M | $3.0M | — | as long as short |
| Bybit ARBUSDT | +0.0017% | 8h | 0.2178 | −0.023% | $53.2M | $126.0M | 50x | as long as short |
| Gate ARB_USDT | +0.0017% | 8h | 0.2177 | −0.037% | $5.3M | $18.4M | 60x | as long as short |
| RISEx ARB/USDC | +0.0069% | 1h | 0.2174 | −0.181% | $500K | $2.7M | 10x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2178 | −0.025% | $138K | $7K | 3x | as long as short |
| BingX ARB-USDC | +0.0084% | 8h | 0.2176 | −0.101% | — | $6.5M | — | as long as short |
| Bitget ARBUSDT | +0.0085% | 8h | 0.2177 | −0.055% | $21.1M | $34.5M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0093% | 1h | 0.2179 | +0.014% | $1.1M | $4.3M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2177 | −0.046% | $1.3M | $5.5M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2179 | +0.051% | $36.7M | $49.5M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2177 | −0.046% | $623K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2173 | −0.223% | $42K | $147K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2178 | 0.000% | $19.4M | $13.9M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2175 | −0.158% | $38K | $464K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2174 | −0.205% | $467K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2177 | −0.055% | $118K | $278K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2178 | −0.009% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2178 | 0.000% | $291K | $840K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2174 | −0.193% | $4.8M | $12.7M | 50x | as long as short |
| BloFin ARB-USDT | +0.0114% | 8h | 0.2178 | −0.014% | $3.0M | $2.3M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2178 | −0.004% | $821K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2176 | −0.105% | $2K | $695 | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0336% | 1h | 0.2177 | −0.041% | $511K | $1.5M | 50x | as long as short |
| Backpack ARB_USDC_PERP | +0.0480% | 1h | 0.2180 | +0.106% | $979K | $2.9M | 20x | as long as short |
gTrade (Gains Network) ARB/USD
Variational Omni ARB
Bybit ARBUSDT
Gate ARB_USDT
RISEx ARB/USDC
Aevo ARB-PERP
BingX ARB-USDC
Bitget ARBUSDT
Kraken Futures PF_ARBUSD
Lighter ARB
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]
Reya ARBRUSDPERP
Coinbase International ARB-PERP-INTX
Backpack ARB_USDC_PERP