Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1792%/8h= +196.2% APRpaid last 24h +0.515%

Price spread now: KuCoin against Injective+0.326%7-day average +0.441% · you sell dearer than you buy

Net, funding: paid 7d − costs+$220as in the Funding arb table

Net, price: spread back to 7d avg − costs−$152as in the Price arb table

costs, in and out, $10k−$1411.410% of the position

Long on Injective Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+3.608%+$361 on $10k

Price spread, last 3 days (all we have)−0.181%−$18 · spread now +0.326%, 7d avg +0.441%

Together, before fees+3.427%+$343 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.114% cheaper against Injective than usual: you would sell low and buy high (spread +0.326% now, against its 7-day average of +0.441%). If the spread goes back, that is −$11 on $10k: about 5 hours of funding at the current rate (+$54 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ARB/USDC PERP	0.2206	−0.1692	get 0.0211% / 1h	16m 59s	$40K	$372K	12x
Short	KuCoin ARBUSDTM	0.2213	0.0100	get 0.0100% / 8h	6h 16m	$19.5M	$15.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.326%Rate

Funding earned: $376.28
Price spread: +0.326% → +0.441%: −$11.44
Slippage, 4 orders: −$128.96
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $223.86
Costs to cover: 1.410%
Break-even: 2.8 days

Slippage from Injective: live order book, 52 min ago; KuCoin: live order book, 2 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, 52 min ago	50.63 bp	50.6 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	1.58 bp	14.2 bp −$14	36.5 bp −$365	doesn't fit	doesn't fit

ARB on 35 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	−0.1692%	1h	0.2206	long leg	$40K	$372K	12x
Deribit ARB_USDC-PERPETUAL	−0.0247%	1h	0.2214	+0.372%	$24K	$34K	25x	as long as short
SoDEX ARB-USD	−0.0240%	1h	0.2214	+0.345%	$10K	$2.5M	5x	as long as short
01 Exchange ARBUSD	−0.0224%	1h	0.2214	+0.349%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0167%	8h	0.2218	+0.532%	$1.9M	$2.9M	—	as long as short
OKX ARB-USDT-SWAP	−0.0125%	8h	0.2212	+0.286%	$22.4M	$156.3M	50x	as long as short
MEXC ARB_USDT	−0.0125%	8h	0.2213	+0.308%	$39.2M	$60.2M	200x	as long as short
Gate ARB_USDT	−0.0068%	8h	0.2213	+0.335%	$5.4M	$19.9M	60x	as long as short
Orderly PERP_ARB_USDC	−0.0064%	8h	0.2215	+0.408%	$13K	$384K	10x	as long as short
Bybit ARBUSDT	−0.0042%	8h	0.2213	+0.317%	$56.6M	$128.6M	50x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2218	+0.524%	$66K	$5K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2213	+0.310%	$355K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0002%	8h	0.2214	+0.345%	$64.5M	$317.1M	75x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0011%	1h	0.2215	+0.426%	$10K	—	150x	as long as short
ApeX Omni ARBUSDT	+0.0031%	1h	0.2214	+0.363%	$119K	$285K	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2215	+0.401%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2214	+0.372%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2215	+0.403%	$38.6M	$51.8M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2215	+0.399%	$659K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2216	+0.471%	$42K	$184K	10x	as long as short
KuCoin ARBUSDTMshort	+0.0100%	8h	0.2213	+0.326%	$19.5M	$15.7M	75x
Bitget ARBUSDT	+0.0100%	8h	0.2213	+0.317%	$21.2M	$36.4M	50x	as long as short
BingX ARB-USDC	+0.0100%	8h	0.2213	+0.317%	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2214	+0.380%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2215	+0.404%	$472K	$3.7M	10x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2214	+0.367%	$92K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2214	+0.363%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2215	+0.385%	$297K	$996K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2214	+0.363%	$5.0M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0240%	1h	0.2222	+0.725%	$508K	$2.1M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2216	+0.431%	$826K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2213	+0.311%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0312%	1h	0.2215	+0.405%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2215	+0.426%	$477K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0532%	1h	0.2216	+0.471%	$1.0M	$2.9M	20x	as long as short