Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.1716%/8h= −187.9% APRpaid last 24h −0.460%

Price spread now: Injective against Orderly−0.229%7-day average −0.420% · you buy dearer than you sell

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

Long on Orderly Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−3.272%−$327 on $10k

Price spread, last 4 days (all we have)−0.060%−$6 · spread now −0.229%, 7d avg −0.420%

Together, before fees−3.333%−$333 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 0.191% dearer against Orderly than usual: you sell high and buy low (spread −0.229% now, against its 7-day average of −0.420%): +$19 on $10k if it goes back. Holding the pair costs −$51 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ARB_USDC	0.2187	−0.0020	get 0.0020% / 8h	5h 54m	$16K	$410K	10x
Short	Injective ARB/USDC PERP	0.2182	−0.1736	pay 0.0217% / 1h	54m 38s	$39K	$372K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 OrderlybpFee InjectivebpOrdersPrice spread, now −0.229%Rate

Funding earned: −$360.26
Price spread: −0.229% → −0.420%: $19.11
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$347.17
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Injective: live order book, 57 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Injective live order book, 57 min ago	52.57 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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 exchanges

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	−0.1736%	1h	0.2182	−0.229%	$39K	$372K	12x
Kraken Futures PF_ARBUSD	−0.0230%	1h	0.2187	+0.018%	$1.1M	$4.2M	50x	as long as short
SoDEX ARB-USD	−0.0217%	1h	0.2187	−0.018%	$9K	$2.2M	5x	as long as short
Bybit ARBUSDT	−0.0192%	8h	0.2186	−0.055%	$53.8M	$122.4M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0142%	8h	0.2186	−0.064%	$22.8M	$142.6M	50x	as long as short
MEXC ARB_USDT	−0.0141%	8h	0.2185	−0.069%	$44.2M	$61.0M	200x	as long as short
01 Exchange ARBUSD	−0.0128%	1h	0.2188	+0.027%	$7K	$414	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0070%	1h	0.2187	+0.018%	$29K	$36K	25x	as long as short
Binance ARBUSDT	−0.0034%	8h	0.2186	−0.059%	$64.0M	$289.4M	75x	as long as short
Extended ARB-USD	−0.0032%	1h	0.2185	−0.081%	$359K	$3.0M	25x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ARB	−0.0030%	8h	0.2186	−0.041%	$1.8M	$2.6M	—	as long as short
Orderly PERP_ARB_USDClong	−0.0020%	8h	0.2187	long leg	$16K	$410K	10x
dYdX ARB-USD	0.0000%	1h	0.2186	−0.026%	$64K	$3K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2190	+0.135%	$73K	—	150x	as long as short
Polymarket Perps ARB-USD	+0.0024%	1h	0.2187	−0.009%	$73K	$1.9M	10x	as long as short
Gate ARB_USDT	+0.0032%	8h	0.2186	−0.037%	$5.4M	$16.3M	60x	as long as short
Phemex ARBUSDT	+0.0038%	8h	0.2187	0.000%	$4.7M	$12.6M	50x	as long as short
Aevo ARB-PERP	+0.0072%	1h	0.2187	+0.021%	$139K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0086%	8h	0.2186	−0.037%	$3.0M	$2.1M	75x	as long as short
Lighter ARB	+0.0096%	1h	0.2187	−0.023%	$1.3M	$5.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2187	+0.009%	$35.6M	$49.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2187	−0.009%	$625K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2187	+0.004%	$42K	$143K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2186	−0.046%	$19.0M	$13.4M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2186	−0.046%	$21.0M	$33.6M	50x	as long as short
BingX ARB-USDT	+0.0100%	8h	0.2186	−0.041%	—	$31.9M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2188	+0.057%	$40K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2189	+0.091%	$469K	$3.3M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2190	+0.137%	$118K	$311K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2191	+0.183%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2187	+0.014%	$296K	$816K	50x	as long as short
Backpack ARB_USDC_PERP	+0.0182%	1h	0.2189	+0.091%	$975K	$2.7M	20x	as long as short
RISEx ARB/USDC	+0.0271%	1h	0.2188	+0.024%	$543K	$2.4M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0279% / S −0.0162%	1h	0.2187	−0.009%	$836K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2187	−0.018%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0424%	1h	0.2196	+0.393%	$524K	$1.4M	50x	as long as short