Funding you earn now, next payment 09:00 UTC−0.1610%/8h= −176.2% APRnext payment −$2.01 per $10,000 · paid last 24h −0.472%
Price spread now: Injective against gTrade (Gains Network)−0.700%55s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 −$48 a day on $10k at the current rate, and Injective is 0.700% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$70 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 55 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 | gTrade (Gains Network) ARB/USD | 0.2221 | L +0.0005% / S −0.0006% | pay 0.0001% / 1h | 22m 08s | $73K | — | 150x |
| Short | Injective ARB/USDC PERP | 0.2205 | −0.1605 | pay 0.0201% / 1h | 22m 08s | $40K | $372K | 12x |
gTrade (Gains Network) ARB/USD
Injective ARB/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against gTrade (Gains Network). 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
- −$338.01
- Price spread: −0.700% → 0.000%
- −$70.03
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$418.06
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: gTrade (Gains Network): no order-book sample; Injective: live order book, 12 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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Injective live order book, 12 min ago | 50.23 bp | 50.2 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
gTrade (Gains Network): 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 | −0.1605% | 1h | 0.2205 | −0.700% | $40K | $372K | 12x | |
| Phemex ARBUSDT | −0.0501% | 8h | 0.2219 | −0.070% | $4.9M | $12.8M | 50x | as long as short |
| SoDEX ARB-USD | −0.0172% | 1h | 0.2219 | −0.052% | $9K | $2.3M | 5x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0166% | 1h | 0.2220 | −0.017% | $1.1M | $4.3M | 50x | as long as short |
| Gate ARB_USDT | −0.0104% | 8h | 0.2223 | +0.106% | $5.4M | $18.3M | 60x | as long as short |
| OKX ARB-USDT-SWAP | −0.0095% | 8h | 0.2222 | +0.061% | $22.4M | $148.4M | 50x | as long as short |
| MEXC ARB_USDT | −0.0093% | 8h | 0.2221 | +0.016% | $44.3M | $63.4M | 200x | as long as short |
| 01 Exchange ARBUSD | −0.0056% | 1h | 0.2220 | −0.011% | $7K | $209 | 10x | as long as short |
| Bybit ARBUSDT | −0.0041% | 8h | 0.2221 | +0.011% | $54.1M | $126.0M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0037% | 8h | 0.2220 | −0.025% | $16K | $414K | 10x | as long as short |
Phemex ARBUSDT
SoDEX ARB-USD
Kraken Futures PF_ARBUSD
Gate ARB_USDT
OKX ARB-USDT-SWAP
MEXC ARB_USDT
01 Exchange ARBUSD
Bybit ARBUSDT
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 | −0.0020% | 1h | 0.2221 | +0.029% | $28K | $38K | 25x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2222 | +0.047% | $65K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USDlong | L +0.0005% / S −0.0006% | 1h | 0.2221 | long leg | $73K | — | 150x | |
| Binance ARBUSDT | +0.0021% | 8h | 0.2221 | +0.011% | $64.3M | $299.1M | 75x | as long as short |
| Extended ARB-USD | +0.0024% | 1h | 0.2219 | −0.092% | $365K | $3.0M | 25x | as long as short |
| Variational Omni ARB | +0.0025% | 8h | 0.2191 | −1.330% | $1.8M | $3.0M | — | as long as short |
| Bitget ARBUSDT | +0.0060% | 8h | 0.2222 | +0.065% | $21.3M | $34.8M | 50x | as long as short |
| BingX ARB-USDC | +0.0065% | 8h | 0.2224 | +0.137% | — | $6.5M | — | as long as short |
| BloFin ARB-USDT | +0.0067% | 8h | 0.2215 | −0.241% | $3.0M | $2.4M | 75x | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2223 | +0.100% | $141K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2222 | +0.056% | $1.3M | $5.6M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2226 | +0.227% | $36.4M | $51.6M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2220 | −0.004% | $636K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2221 | +0.005% | $44K | $148K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2224 | +0.137% | $19.3M | $13.7M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2198 | −1.035% | $40K | $465K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2200 | −0.948% | $473K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2194 | −1.196% | $118K | $267K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2222 | +0.047% | $75K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2222 | +0.065% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2222 | +0.065% | $298K | $835K | 50x | as long as short |
| RISEx ARB/USDC | +0.0123% | 1h | 0.2221 | +0.043% | $533K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0234% | 1h | 0.2225 | +0.214% | $994K | $2.8M | 20x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2217 | −0.150% | $837K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2218 | −0.112% | $2K | $695 | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0336% | 1h | 0.2223 | +0.124% | $533K | $1.6M | 50x | as long as short |
Deribit ARB_USDC-PERPETUAL
dYdX ARB-USD
Binance ARBUSDT
Extended ARB-USD
Variational Omni ARB
Bitget ARBUSDT
BingX ARB-USDC
BloFin 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