Funding you earn now, next payment 02:00 UTC−0.1792%/8h= −196.2% APRpaid last 24h −0.515%
Price spread now: Injective against KuCoin−0.343%55s7-day average −0.441% · you buy dearer than you sell
Net, funding: paid 7d − costs−$502as 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−$1411.410% of the position
Funding, last 7 days−3.608%−$361 on $10k
+Price spread, last 3 days (all we have)+0.198%+$20 · spread now −0.343%, 7d avg −0.441%
=The price spread pays, funding is against you. Injective is 0.097% dearer against KuCoin than usual: you sell high and buy low (spread −0.343% now, against its 7-day average of −0.441%): +$10 on $10k if it goes back. Holding the pair costs −$54 a day in funding at the current rate, which eats that in about 4 hours. The two prices were read 55 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 | KuCoin ARBUSDTM | 0.2214 | 0.0100 | pay 0.0100% / 8h | 6h 16m | $19.5M | $15.7M | 75x |
| Short | Injective ARB/USDC PERP | 0.2206 | −0.1692 | pay 0.0211% / 1h | 16m 28s | $40K | $372K | 12x |
KuCoin ARBUSDTM
Injective ARB/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against KuCoin. 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
- −$376.28
- Price spread: −0.343% → −0.441%
- $9.75
- Slippage, 4 orders
- −$128.96
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$507.51
- Costs to cover
- 1.410%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; Injective: live order book, 53 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 KuCoin live order book, 2 min ago | 1.58 bp | 25.5 bp −$25 | 53.1 bp −$531 | doesn't fit | doesn't fit |
| Sell Injective live order book, 53 min ago | 50.63 bp | 50.6 bp −$51 | doesn't fit | 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 PERPshort | −0.1692% | 1h | 0.2206 | −0.343% | $40K | $372K | 12x | |
| Deribit ARB_USDC-PERPETUAL | −0.0247% | 1h | 0.2214 | +0.027% | $24K | $34K | 25x | as long as short |
| SoDEX ARB-USD | −0.0240% | 1h | 0.2214 | 0.000% | $10K | $2.5M | 5x | as long as short |
| 01 Exchange ARBUSD | −0.0224% | 1h | 0.2212 | −0.063% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0167% | 8h | 0.2218 | +0.187% | $1.9M | $2.9M | — | as long as short |
| OKX ARB-USDT-SWAP | −0.0126% | 8h | 0.2212 | −0.063% | $22.4M | $156.2M | 50x | as long as short |
| MEXC ARB_USDT | −0.0125% | 8h | 0.2213 | −0.041% | $39.2M | $60.2M | 200x | as long as short |
| Gate ARB_USDT | −0.0069% | 8h | 0.2213 | −0.041% | $5.4M | $19.9M | 60x | as long as short |
| Orderly PERP_ARB_USDC | −0.0064% | 8h | 0.2213 | −0.027% | $12K | $384K | 10x | as long as short |
| Bybit ARBUSDT | −0.0035% | 8h | 0.2212 | −0.068% | $56.6M | $128.6M | 50x | as long as short |
Deribit ARB_USDC-PERPETUAL
SoDEX ARB-USD
01 Exchange ARBUSD
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Gate ARB_USDT
Orderly PERP_ARB_USDC
Bybit ARBUSDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | −0.0001% | 8h | 0.2213 | −0.031% | $64.5M | $317.1M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2216 | +0.091% | $66K | $5K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2211 | −0.098% | $353K | $2.5M | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0011% | 1h | 0.2214 | +0.031% | $10K | — | 150x | as long as short |
| ApeX Omni ARBUSDT | +0.0031% | 1h | 0.2214 | +0.018% | $119K | $285K | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2215 | +0.056% | $140K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2213 | −0.050% | $1.2M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2214 | +0.036% | $38.6M | $51.8M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2215 | +0.054% | $659K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2214 | +0.018% | $42K | $184K | 10x | as long as short |
| KuCoin ARBUSDTMlong | +0.0100% | 8h | 0.2214 | long leg | $19.5M | $15.7M | 75x | |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2213 | −0.027% | $21.2M | $36.4M | 50x | as long as short |
| BingX ARB-USDT | +0.0100% | 8h | 0.2213 | −0.050% | — | $54.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2214 | +0.036% | $40K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2215 | +0.059% | $472K | $3.7M | 10x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2213 | −0.009% | $87K | $2.1M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2214 | +0.018% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2215 | +0.041% | $297K | $996K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2214 | +0.018% | $5.0M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0240% | 1h | 0.2222 | +0.379% | $508K | $2.1M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2216 | +0.086% | $826K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2213 | −0.032% | $2K | $695 | 20x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0312% | 1h | 0.2215 | +0.060% | $1.1M | $4.7M | 50x | as long as short |
| RISEx ARB/USDC | +0.0466% | 1h | 0.2214 | +0.036% | $477K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0532% | 1h | 0.2216 | +0.126% | $1.0M | $2.9M | 20x | as long as short |
Binance ARBUSDT
dYdX ARB-USD
Extended ARB-USD
gTrade (Gains Network) ARB/USD
ApeX Omni ARBUSDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
Bitget ARBUSDT
BingX ARB-USDT
edgeX ARBUSDC
GRVT ARB_USDT_Perp
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Kraken Futures PF_ARBUSD
RISEx ARB/USDC
Backpack ARB_USDC_PERP