Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1766%/8h= +193.4% APRpaid last 24h +0.516%

Price spread now: HTX against Injective+0.501%65s7-day average +0.419% · you sell dearer than you buy

Net, funding: paid 7d − costs+$197as 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−$1641.639% of the position

Long on Injective Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+3.611%+$361 on $10k

Price spread, last 3 days (all we have)−0.238%−$24 · spread now +0.501%, 7d avg +0.419%

Together, before fees+3.372%+$337 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$53 a day on $10k at the current rate, and HTX is 0.083% dearer against Injective than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.419%. The two prices were read 65 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	Injective ARB/USDC PERP	0.2235	−0.1666	get 0.0208% / 1h	50m 24s	$40K	$372K	12x
Short	HTX ARB-USDT	0.2246	0.0100	get 0.0100% / 8h	7h 50m	$292K	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Injective. 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 InjectivebpFee HTXbpOrdersPrice spread, now +0.501%Rate

Funding earned: $370.94
Price spread: +0.501% → +0.419%: $8.26
Slippage, 4 orders: −$151.93
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee HTX: 6 bp × 2 orders: −$12
Net: $215.25
Costs to cover: 1.639%
Break-even: 2.9 days

Slippage from Injective: live order book, 24 min ago; HTX: live order book, 3 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 Injective live order book, 24 min ago	50.58 bp	50.6 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	0.89 bp	23.8 bp −$24	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 PERPlong	−0.1666%	1h	0.2235	long leg	$40K	$372K	12x
Bybit ARBUSDT	−0.0395%	8h	0.2239	+0.174%	$57.8M	$127.4M	50x	as long as short
Variational Omni ARB	−0.0211%	8h	0.2243	+0.336%	$1.9M	$2.8M	—	as long as short
01 Exchange ARBUSD	−0.0168%	1h	0.2242	+0.318%	$7K	$2K	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0139%	1h	0.2241	+0.277%	$1.1M	$4.9M	50x	as long as short
MEXC ARB_USDT	−0.0118%	8h	0.2242	+0.295%	$38.2M	$58.9M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0118%	8h	0.2239	+0.161%	$22.6M	$157.0M	50x	as long as short
SoDEX ARB-USD	−0.0078%	1h	0.2240	+0.201%	$4K	$2.6M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0042%	8h	0.2240	+0.224%	$13K	$387K	10x	as long as short
Gate ARB_USDT	−0.0036%	8h	0.2242	+0.331%	$5.4M	$19.7M	60x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	−0.0018%	1h	0.2240	+0.224%	$25K	$34K	25x	as long as short
ApeX Omni ARBUSDT	−0.0017%	1h	0.2248	+0.582%	$121K	$295K	50x	as long as short
Extended ARB-USD	−0.0016%	1h	0.2239	+0.160%	$357K	$2.4M	25x	as long as short
Binance ARBUSDT	−0.0013%	8h	0.2242	+0.302%	$66.0M	$312.5M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2243	+0.342%	$66K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2243	+0.358%	$55K	—	150x	as long as short
Polymarket Perps ARB-USD	+0.0020%	1h	0.2242	+0.322%	$66K	$2.0M	10x	as long as short
BingX ARB-USDC	+0.0045%	8h	0.2240	+0.201%	—	$6.5M	—	as long as short
Bitget ARBUSDT	+0.0047%	8h	0.2240	+0.224%	$21.1M	$36.0M	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2241	+0.268%	$142K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2243	+0.367%	$1.4M	$7.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2244	+0.403%	$40.5M	$47.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2244	+0.403%	$697K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2242	+0.322%	$47K	$183K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2241	+0.286%	$19.5M	$16.0M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2248	+0.588%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2248	+0.580%	$483K	$3.6M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2245	+0.447%	$1K	$1.1M	30x	as long as short
HTX ARB-USDTshort	+0.0100%	8h	0.2246	+0.501%	$292K	$1.0M	50x
Phemex ARBUSDT	+0.0100%	8h	0.2245	+0.447%	$5.1M	$13.0M	50x	as long as short
BloFin ARB-USDT	+0.0107%	8h	0.2243	+0.349%	$3.1M	$2.7M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0232%	1h	0.2248	+0.573%	$507K	$2.2M	50x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2241	+0.271%	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0298% / S −0.0188%	1h	0.2242	+0.315%	$923K	—	150x	as long as short
Backpack ARB_USDC_PERP	+0.0355%	1h	0.2245	+0.461%	$1.0M	$2.8M	20x	as long as short
RISEx ARB/USDC	+0.0384%	1h	0.2244	+0.414%	$500K	$2.7M	10x	as long as short