Funding you earn now, next payment 23:00 UTC−0.1663%/8h= −182.1% APRnext payment −$2.08 per $10,000 · paid last 24h −0.471%
Price spread now: Injective against Deribit−0.504%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$50 a day on $10k at the current rate, and Injective is 0.504% cheaper against Deribit than usual: you would sell low and buy high (−$50 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ARB_USDC-PERPETUAL | 0.2241 | −0.0107 | get 0.0013% / 1h | 19m 20s | $26K | $32K | 25x |
| Short | Injective ARB/USDC PERP | 0.2230 | −0.1770 | pay 0.0221% / 1h | 19m 20s | $40K | $372K | 12x |
Deribit ARB_USDC-PERPETUAL
Injective ARB/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Deribit. 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
- −$349.16
- Price spread: −0.504% → 0.000%
- −$50.42
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$406.59
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Injective: live order book, 65 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Injective live order book, 65 min ago | 51.28 bp | 51.3 bp −$51 | doesn't fit | doesn't fit | doesn't fit |
Deribit: 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 PERPshort | −0.1770% | 1h | 0.2230 | −0.504% | $40K | $372K | 12x | |
| 01 Exchange ARBUSD | −0.0232% | 1h | 0.2239 | −0.094% | $7K | $2K | 10x | as long as short |
| SoDEX ARB-USD | −0.0196% | 1h | 0.2237 | −0.201% | $4K | $2.8M | 5x | as long as short |
| Variational Omni ARB | −0.0168% | 8h | 0.2238 | −0.135% | $1.9M | $2.7M | — | as long as short |
| Bybit ARBUSDT | −0.0146% | 8h | 0.2240 | −0.062% | $57.9M | $133.2M | 50x | as long as short |
| Polymarket Perps ARB-USD | −0.0124% | 1h | 0.2240 | −0.080% | $73K | $2.0M | 10x | as long as short |
| Deribit ARB_USDC-PERPETUALlong | −0.0107% | 1h | 0.2241 | long leg | $26K | $32K | 25x | |
| MEXC ARB_USDT | −0.0101% | 8h | 0.2240 | −0.054% | $37.3M | $62.7M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0101% | 8h | 0.2240 | −0.040% | $22.5M | $160.9M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0037% | 8h | 0.2240 | −0.058% | $10K | $394K | 10x | as long as short |
01 Exchange ARBUSD
SoDEX ARB-USD
Variational Omni ARB
Bybit ARBUSDT
Polymarket Perps ARB-USD
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | −0.0008% | 8h | 0.2240 | −0.046% | $64.0M | $317.0M | 75x | as long as short |
| Extended ARB-USD | −0.0008% | 1h | 0.2238 | −0.130% | $356K | $2.4M | 25x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2239 | −0.083% | $66K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2242 | +0.012% | $56K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0033% | 8h | 0.2240 | −0.036% | $5.5M | $20.7M | 60x | as long as short |
| Bitget ARBUSDT | +0.0068% | 8h | 0.2239 | −0.103% | $21.0M | $37.2M | 50x | as long as short |
| BingX ARB-USDC | +0.0073% | 8h | 0.2238 | −0.138% | — | $6.5M | — | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2242 | +0.016% | $147K | $12K | 3x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0085% | 1h | 0.2240 | −0.077% | $1.1M | $5.1M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2240 | −0.036% | $1.3M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2244 | +0.107% | $40.1M | $50.6M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2239 | −0.081% | $696K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2239 | −0.085% | $44K | $193K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2240 | −0.036% | $20.6M | $16.4M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2239 | −0.088% | $40K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2240 | −0.057% | $486K | $3.9M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2240 | −0.058% | $121K | $295K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2242 | +0.031% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2238 | −0.152% | $276K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2237 | −0.192% | $5.2M | $13.4M | 50x | as long as short |
| BloFin ARB-USDT | +0.0111% | 8h | 0.2241 | −0.027% | $3.0M | $3.3M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0264% | 1h | 0.2242 | +0.031% | $506K | $2.3M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0156% | 1h | 0.2242 | +0.033% | $841K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2239 | −0.092% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0363% | 1h | 0.2241 | +0.009% | $495K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0625% | 1h | 0.2240 | −0.049% | $1.1M | $2.7M | 20x | as long as short |
Binance ARBUSDT
Extended ARB-USD
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Bitget ARBUSDT
BingX ARB-USDC
Aevo ARB-PERP
Kraken Futures PF_ARBUSD
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
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP