Funding you earn now, next payment 21:00 UTC−0.1963%/8h= −214.9% APRnext payment −$2.45 per $10,000 · paid last 24h −0.599%
Price spread now: Injective against Coinbase International−1.556%7-day average −0.575% · you buy dearer than you sell
Net, funding: paid 7d − costs−$539as in the Funding arb table
Net, price: spread back to 7d avg − costs−$252as in the Price arb table
costs, in and out, $10k−$1541.539% of the position
Funding, last 7 days−3.849%−$385 on $10k
+Price spread, last 3 days (all we have)+1.136%+$114 · spread now −1.556%, 7d avg −0.575%
=Both sides work against this trade now: funding costs −$59 a day on $10k at the current rate, and Injective is 0.981% cheaper against Coinbase International than usual: you would sell low and buy high (−$98 if the spread goes back to its 7-day average of −0.575%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ARB-PERP-INTX | 0.2249 | 0.0288 | pay 0.0036% / 1h | 10m 47s | $504K | $2.5M | 50x |
| Short | Injective ARB/USDC PERP | 0.2214 | −0.1675 | pay 0.0209% / 1h | 10m 47s | $40K | $197K | 12x |
Coinbase International ARB-PERP-INTX
Injective ARB/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Coinbase International. 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
- −$412.18
- Price spread: −1.556% → −0.575%
- −$98.14
- Slippage, 4 orders
- −$143.84
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$664.18
- Costs to cover
- 1.539%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 3 min ago; Injective: live order book, 13 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 Coinbase International live order book, 3 min ago | 8.98 bp | 30.9 bp −$31 | 53.3 bp −$533 | doesn't fit | doesn't fit |
| Sell Injective live order book, 13 min ago | 51.28 bp | 51.3 bp −$51 | 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 | −0.1675% | 1h | 0.2214 | −1.556% | $40K | $197K | 12x | |
| 01 Exchange ARBUSD | −0.0272% | 1h | 0.2225 | −1.072% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0162% | 8h | 0.2234 | −0.687% | $1.9M | $2.8M | — | as long as short |
| Bybit ARBUSDT | −0.0145% | 8h | 0.2228 | −0.943% | $56.0M | $135.8M | 50x | as long as short |
| SoDEX ARB-USD | −0.0110% | 1h | 0.2228 | −0.947% | $4K | $2.9M | 5x | as long as short |
| OKX ARB-USDT-SWAP | −0.0104% | 8h | 0.2227 | −0.987% | $22.2M | $163.9M | 50x | as long as short |
| MEXC ARB_USDT | −0.0104% | 8h | 0.2227 | −0.987% | $36.9M | $63.8M | 200x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0053% | 1h | 0.2229 | −0.871% | $1.1M | $5.3M | 50x | as long as short |
| Polymarket Perps ARB-USD | −0.0052% | 1h | 0.2227 | −0.974% | $77K | $2.2M | 10x | as long as short |
| Orderly PERP_ARB_USDC | −0.0021% | 8h | 0.2228 | −0.934% | $11K | $388K | 10x | as long as short |
01 Exchange ARBUSD
Variational Omni ARB
Bybit ARBUSDT
SoDEX ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Kraken Futures PF_ARBUSD
Polymarket Perps ARB-USD
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | −0.0019% | 1h | 0.2229 | −0.880% | $38K | $20K | 25x | as long as short |
| Binance ARBUSDT | −0.0017% | 8h | 0.2228 | −0.937% | $63.4M | $324.5M | 75x | as long as short |
| Extended ARB-USD | −0.0016% | 1h | 0.2227 | −0.968% | $355K | $2.4M | 25x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2229 | −0.896% | $66K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2229 | −0.905% | $56K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0008% | 8h | 0.2228 | −0.934% | $5.5M | $21.6M | 60x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2229 | −0.877% | $146K | $12K | 3x | as long as short |
| Bitget ARBUSDT | +0.0088% | 8h | 0.2227 | −0.978% | $20.9M | $38.2M | 50x | as long as short |
| BingX ARB-USDT | +0.0089% | 8h | 0.2228 | −0.956% | — | $54.0M | — | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2228 | −0.912% | $1.3M | $7.8M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2230 | −0.849% | $39.8M | $53.0M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2229 | −0.911% | $691K | $1.8M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2228 | −0.916% | $47K | $199K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2228 | −0.916% | $20.4M | $16.9M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2230 | −0.848% | $39K | $458K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2227 | −0.966% | $480K | $4.1M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2231 | −0.800% | $121K | $297K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2228 | −0.934% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2225 | −1.072% | $274K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2228 | −0.934% | $5.2M | $13.7M | 50x | as long as short |
| BloFin ARB-USDT | +0.0102% | 8h | 0.2227 | −0.983% | $3.0M | $3.3M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0154% / S −0.0018% | 1h | 0.2229 | −0.898% | $845K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTXlong | +0.0288% | 1h | 0.2249 | long leg | $504K | $2.5M | 50x | |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2226 | −1.002% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0546% | 1h | 0.2228 | −0.945% | $494K | $2.8M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0552% | 1h | 0.2232 | −0.774% | $1.1M | $2.7M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
Binance ARBUSDT
Extended ARB-USD
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Aevo ARB-PERP
Bitget ARBUSDT
BingX ARB-USDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP