Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1637%/8h= +179.3% APRpaid last 24h +0.468%

Price spread now: Orderly against Injective+0.454%7-day average +0.434% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+3.314%+$331 on $10k

Price spread, last 3 days (all we have)+0.106%+$11 · spread now +0.454%, 7d avg +0.434%

Together, before fees+3.420%+$342 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.434%, so right now this pair is about funding alone: +$49 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ARB/USDC PERP	0.2204	−0.1692	get 0.0211% / 1h	44m 30s	$40K	$372K	12x
Short	Orderly PERP_ARB_USDC	0.2214	−0.0055	pay 0.0055% / 8h	6h 44m	$12K	$385K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.454%Rate

Funding earned: $343.83
Price spread: +0.454% → +0.434%: $1.97
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Orderly: 3 bp × 2 orders: −$6
Net: $339.78
Costs to cover: 0.060%
Break-even: 0.1 days

Slippage unknown: Injective: live order book, 25 min ago; Orderly: no order-book sample. 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 Injective live order book, 25 min ago	50.63 bp	50.6 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 PERPlong	−0.1692%	1h	0.2204	long leg	$40K	$372K	12x
ApeX Omni ARBUSDT	−0.0493%	1h	0.2218	+0.635%	$120K	$295K	50x	as long as short
01 Exchange ARBUSD	−0.0224%	1h	0.2218	+0.640%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0192%	1h	0.2214	+0.472%	$10K	$2.5M	5x	as long as short
Variational Omni ARB	−0.0184%	8h	0.2212	+0.363%	$1.9M	$2.9M	—	as long as short
MEXC ARB_USDT	−0.0105%	8h	0.2216	+0.544%	$37.1M	$59.0M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0104%	8h	0.2221	+0.771%	$22.4M	$157.7M	50x	as long as short
Bybit ARBUSDT	−0.0067%	8h	0.2221	+0.767%	$57.2M	$129.2M	50x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0066%	1h	0.2215	+0.495%	$24K	$34K	25x	as long as short
Orderly PERP_ARB_USDCshort	−0.0055%	8h	0.2214	+0.454%	$12K	$385K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ARB_USDT	−0.0007%	8h	0.2217	+0.581%	$5.4M	$19.7M	60x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2217	+0.574%	$66K	$5K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2215	+0.513%	$31K	—	150x	as long as short
Binance ARBUSDT	+0.0005%	8h	0.2219	+0.672%	$64.9M	$318.1M	75x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2216	+0.559%	$353K	$2.5M	25x	as long as short
BloFin ARB-USDT	+0.0029%	8h	0.2212	+0.340%	$3.1M	$2.9M	75x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2214	+0.471%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2215	+0.485%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2217	+0.603%	$38.2M	$50.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2216	+0.559%	$660K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2217	+0.570%	$42K	$189K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2218	+0.622%	$19.6M	$15.9M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2221	+0.771%	$21.2M	$36.2M	50x	as long as short
BingX ARB-USDC	+0.0100%	8h	0.2216	+0.535%	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2216	+0.522%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2213	+0.404%	$474K	$3.6M	10x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2220	+0.744%	$81K	$2.0M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2214	+0.454%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2214	+0.472%	$296K	$1.0M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2214	+0.454%	$5.1M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0240%	1h	0.2215	+0.499%	$507K	$2.2M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0281% / S −0.0165%	1h	0.2215	+0.499%	$852K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2220	+0.741%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0312%	1h	0.2216	+0.539%	$1.1M	$4.8M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2220	+0.735%	$500K	$2.6M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0495%	1h	0.2218	+0.635%	$1.0M	$2.9M	20x	as long as short