Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1677%/8h= −183.6% APRpaid last 24h −0.514%

Price spread now: Injective against edgeX−0.615%7-day average −0.430% · you buy dearer than you sell

Net, funding: paid 7d − costs−$506as in the Funding arb table

Net, price: spread back to 7d avg − costs−$164as in the Price arb table

costs, in and out, $10k−$1461.458% of the position

Long on edgeX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−3.605%−$360 on $10k

Price spread, last 4 days (all we have)+3.051%+$305 · spread now −0.615%, 7d avg −0.430%

Together, before fees−0.553%+ Points / potential airdropedgeX: Active · farm board−$55 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$50 a day on $10k at the current rate, and Injective is 0.186% cheaper against edgeX than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.430%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ARBUSDC	0.2232	0.0100	pay 0.0050% / 4h	1h 12m	$40K	$463K	20x
Short	Injective ARB/USDC PERP	0.2218	−0.1577	pay 0.0197% / 1h	12m 59s	$40K	$372K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 edgeXbpFee InjectivebpOrdersPrice spread, now −0.615%Rate

Funding earned: −$352.13
Price spread: −0.615% → −0.430%: −$18.56
Slippage, 4 orders: −$136.81
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$516.52
Costs to cover: 1.458%
Break-even: never at this rate

Slippage from edgeX: live order book, 51 min ago; Injective: live order book, 51 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 edgeX live order book, 51 min ago	13.48 bp	20.1 bp −$20	71.6 bp −$716	doesn't fit	doesn't fit
Sell Injective live order book, 51 min ago	51.70 bp	51.7 bp −$52	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	−0.1577%	1h	0.2218	−0.615%	$40K	$372K	12x
Deribit ARB_USDC-PERPETUAL	−0.0199%	1h	0.2225	−0.302%	$24K	$34K	25x	as long as short
Variational Omni ARB	−0.0144%	8h	0.2231	−0.045%	$1.9M	$2.9M	—	as long as short
OKX ARB-USDT-SWAP	−0.0142%	8h	0.2224	−0.355%	$22.4M	$150.1M	50x	as long as short
MEXC ARB_USDT	−0.0140%	8h	0.2223	−0.373%	$38.3M	$59.4M	200x	as long as short
01 Exchange ARBUSD	−0.0112%	1h	0.2228	−0.181%	$7K	$2K	10x	as long as short
Gate ARB_USDT	−0.0109%	8h	0.2224	−0.333%	$5.4M	$19.2M	60x	as long as short
Polymarket Perps ARB-USD	−0.0109%	1h	0.2227	−0.203%	$89K	$2.1M	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0098%	1h	0.2226	−0.254%	$1.1M	$4.4M	50x	as long as short
Bybit ARBUSDT	−0.0083%	8h	0.2224	−0.333%	$56.7M	$125.9M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX ARB-USD	−0.0078%	1h	0.2225	−0.297%	$10K	$2.3M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0074%	8h	0.2226	−0.257%	$13K	$386K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2230	−0.097%	$66K	$5K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0013%	1h	0.2226	−0.237%	$11K	—	150x	as long as short
Extended ARB-USD	+0.0024%	1h	0.2224	−0.348%	$355K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0025%	8h	0.2225	−0.306%	$65.0M	$306.6M	75x	as long as short
Phemex ARBUSDT	+0.0038%	8h	0.2226	−0.257%	$5.0M	$12.9M	50x	as long as short
Bitget ARBUSDT	+0.0077%	8h	0.2224	−0.346%	$21.2M	$34.6M	50x	as long as short
BingX ARB-USDC	+0.0081%	8h	0.2226	−0.266%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2226	−0.276%	$141K	$7K	3x	as long as short
ApeX Omni ARBUSDT	+0.0095%	1h	0.2232	+0.012%	$120K	$283K	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2225	−0.279%	$1.2M	$6.4M	15x	as long as short
BloFin ARB-USDT	+0.0099%	8h	0.2226	−0.243%	$3.1M	$2.6M	75x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2226	−0.252%	$38.6M	$49.2M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2227	−0.205%	$652K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2229	−0.111%	$43K	$169K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2225	−0.302%	$19.7M	$15.3M	75x	as long as short
edgeX ARBUSDClong	+0.0100%	4h	0.2232	long leg	$40K	$463K	20x
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2232	+0.004%	$484K	$3.6M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2230	−0.077%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2228	−0.185%	$303K	$939K	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2231	−0.033%	$504K	$2.0M	50x	as long as short
RISEx ARB/USDC	+0.0232%	1h	0.2229	−0.134%	$485K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2226	−0.247%	$831K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2226	−0.275%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0571%	1h	0.2228	−0.163%	$1.0M	$2.8M	20x	as long as short