Funding you earn now, next payment 09:00 UTC−0.1512%/8h= −165.6% APRpaid last 24h −0.455%
Price spread now: Injective against OKX−0.758%58s7-day average −0.379% · you buy dearer than you sell
Net, funding: paid 7d − costs−$456as 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−$1211.209% of the position
Funding, last 7 days−3.347%−$335 on $10k
+Price spread, last 4 days (all we have)+2.991%+$299 · spread now −0.758%, 7d avg −0.379%
=Both sides work against this trade now: funding costs −$45 a day on $10k at the current rate, and Injective is 0.379% cheaper against OKX than usual: you would sell low and buy high (−$38 if the spread goes back to its 7-day average of −0.379%). Swap the legs. The two prices were read 58 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 | OKX ARB-USDT-SWAP | 0.2204 | −0.0093 | get 0.0093% / 8h | 7h 24m | $22.3M | $146.2M | 50x |
| Short | Injective ARB/USDC PERP | 0.2187 | −0.1605 | pay 0.0201% / 1h | 24m 17s | $39K | $372K | 12x |
OKX ARB-USDT-SWAP
Injective ARB/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against OKX. 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
- −$317.57
- Price spread: −0.758% → −0.379%
- −$37.86
- Slippage, 4 orders
- −$110.93
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$476.38
- Costs to cover
- 1.209%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 min ago; Injective: live order book, 10 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 OKX live order book, 5 min ago | 0.23 bp | 10.7 bp −$11 | 25.4 bp −$254 | doesn't fit | doesn't fit |
| Sell Injective live order book, 10 min ago | 50.23 bp | 50.2 bp −$50 | 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 PERPshort | −0.1605% | 1h | 0.2187 | −0.758% | $39K | $372K | 12x | |
| Phemex ARBUSDT | −0.0191% | 8h | 0.2203 | −0.032% | $4.8M | $12.8M | 50x | as long as short |
| SoDEX ARB-USD | −0.0191% | 1h | 0.2204 | +0.005% | $9K | $2.3M | 5x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0167% | 1h | 0.2205 | +0.040% | $1.1M | $4.2M | 50x | as long as short |
| Gate ARB_USDT | −0.0108% | 8h | 0.2203 | −0.023% | $5.4M | $18.2M | 60x | as long as short |
| MEXC ARB_USDT | −0.0095% | 8h | 0.2202 | −0.068% | $43.6M | $63.1M | 200x | as long as short |
| OKX ARB-USDT-SWAPlong | −0.0093% | 8h | 0.2204 | long leg | $22.3M | $146.2M | 50x | |
| 01 Exchange ARBUSD | −0.0056% | 1h | 0.2201 | −0.109% | $7K | $209 | 10x | as long as short |
| Orderly PERP_ARB_USDC | −0.0037% | 8h | 0.2204 | +0.014% | $16K | $415K | 10x | as long as short |
| Bybit ARBUSDT | −0.0026% | 8h | 0.2203 | −0.009% | $53.8M | $125.7M | 50x | as long as short |
Phemex ARBUSDT
SoDEX ARB-USD
Kraken Futures PF_ARBUSD
Gate ARB_USDT
MEXC ARB_USDT
01 Exchange ARBUSD
Orderly PERP_ARB_USDC
Bybit ARBUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2199 | −0.214% | $65K | $4K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2205 | +0.064% | $28K | $38K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2199 | −0.195% | $73K | — | 150x | as long as short |
| Extended ARB-USD | +0.0016% | 1h | 0.2203 | −0.031% | $363K | $3.0M | 25x | as long as short |
| Binance ARBUSDT | +0.0017% | 8h | 0.2203 | −0.029% | $63.7M | $298.2M | 75x | as long as short |
| Variational Omni ARB | +0.0025% | 8h | 0.2191 | −0.575% | $1.8M | $3.0M | — | as long as short |
| Bitget ARBUSDT | +0.0061% | 8h | 0.2203 | −0.032% | $21.1M | $34.5M | 50x | as long as short |
| BloFin ARB-USDT | +0.0062% | 8h | 0.2197 | −0.286% | $3.0M | $2.3M | 75x | as long as short |
| BingX ARB-USDT | +0.0065% | 8h | 0.2203 | −0.036% | — | $32.8M | — | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2205 | +0.042% | $140K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2205 | +0.059% | $1.3M | $5.5M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2204 | +0.014% | $37.2M | $49.7M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2202 | −0.073% | $631K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2199 | −0.195% | $43K | $148K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2202 | −0.064% | $19.5M | $13.7M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2194 | −0.451% | $40K | $465K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2195 | −0.395% | $471K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2194 | −0.440% | $118K | $267K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2203 | −0.041% | $74K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2200 | −0.168% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2204 | +0.014% | $295K | $835K | 50x | as long as short |
| RISEx ARB/USDC | +0.0123% | 1h | 0.2202 | −0.084% | $530K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0191% | 1h | 0.2201 | −0.127% | $983K | $2.8M | 20x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2204 | +0.020% | $831K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2203 | −0.020% | $2K | $695 | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0336% | 1h | 0.2205 | +0.059% | $528K | $1.5M | 50x | as long as short |
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
Variational Omni ARB
Bitget ARBUSDT
BloFin ARB-USDT
BingX ARB-USDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
RISEx ARB/USDC
Backpack ARB_USDC_PERP
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Coinbase International ARB-PERP-INTX