Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1766%/8h= −193.4% APRpaid last 24h −0.500%

Price spread now: Injective against Gate−0.598%114s7-day average −0.403% · you buy dearer than you sell

Net, funding: paid 7d − costs−$481as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1371.365% of the position

Long on Gate Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−3.445%−$344 on $10k

Price spread, last 3 days (all we have)+0.577%+$58 · spread now −0.598%, 7d avg −0.403%

Together, before fees−2.868%−$287 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$53 a day on $10k at the current rate, and Injective is 0.196% cheaper against Gate than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.403%). Swap the legs. The two prices were read 114 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	Gate ARB_USDT	0.2274	0.0100	pay 0.0100% / 8h	7h 09m	$5.5M	$20.0M	60x
Short	Injective ARB/USDC PERP	0.2260	−0.1666	pay 0.0208% / 1h	9m 29s	$41K	$372K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Gate. 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 GatebpFee InjectivebpOrdersPrice spread, now −0.598%Rate

Funding earned: −$370.94
Price spread: −0.598% → −0.403%: −$19.55
Slippage, 4 orders: −$121.5
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$527.01
Costs to cover: 1.365%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Injective: live order book, 65 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 Gate live order book, 4 min ago	2.42 bp	25.4 bp −$25	33.7 bp −$337	98.8 bp −$9,884	doesn't fit
Sell Injective live order book, 65 min ago	50.58 bp	50.6 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	−0.1666%	1h	0.2260	−0.598%	$41K	$372K	12x
Variational Omni ARB	−0.0201%	8h	0.2267	−0.309%	$2.0M	$2.8M	—	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0146%	1h	0.2273	−0.031%	$25K	$34K	25x	as long as short
01 Exchange ARBUSD	−0.0144%	1h	0.2275	+0.053%	$7K	$2K	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0137%	1h	0.2274	+0.029%	$1.2M	$4.9M	50x	as long as short
Bybit ARBUSDT	−0.0108%	8h	0.2272	−0.062%	$59.1M	$126.7M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0107%	8h	0.2272	−0.070%	$23.2M	$158.2M	50x	as long as short
MEXC ARB_USDT	−0.0107%	8h	0.2273	−0.031%	$39.2M	$59.4M	200x	as long as short
SoDEX ARB-USD	−0.0061%	1h	0.2272	−0.079%	$10K	$2.5M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0049%	8h	0.2272	−0.070%	$13K	$389K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2273	−0.017%	$67K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2275	+0.048%	$33K	—	150x	as long as short
Binance ARBUSDT	+0.0024%	8h	0.2273	−0.013%	$67.2M	$310.5M	75x	as long as short
Extended ARB-USD	+0.0024%	1h	0.2275	+0.070%	$366K	$2.5M	25x	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2274	+0.002%	$144K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0091%	8h	0.2269	−0.207%	$3.2M	$2.9M	75x	as long as short
BingX ARB-USDT	+0.0094%	8h	0.2273	−0.004%	—	$54.4M	—	as long as short
Lighter ARB	+0.0096%	1h	0.2275	+0.044%	$1.4M	$7.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2276	+0.110%	$41.3M	$47.2M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2275	+0.062%	$707K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2274	0.000%	$45K	$183K	10x	as long as short
Gate ARB_USDTlong	+0.0100%	8h	0.2274	long leg	$5.5M	$20.0M	60x
KuCoin ARBUSDTM	+0.0100%	8h	0.2275	+0.040%	$19.8M	$15.8M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2274	+0.018%	$21.8M	$35.7M	50x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2269	−0.208%	$41K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2276	+0.106%	$488K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2270	−0.158%	$122K	$296K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2275	+0.040%	$65K	$2.0M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2275	+0.062%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2272	−0.066%	$296K	$976K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2273	−0.026%	$5.2M	$12.9M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0232%	1h	0.2272	−0.066%	$523K	$2.3M	50x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2272	−0.078%	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0291% / S −0.0179%	1h	0.2274	+0.022%	$911K	—	150x	as long as short
RISEx ARB/USDC	+0.0384%	1h	0.2279	+0.217%	$517K	$2.6M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0601%	1h	0.2276	+0.088%	$1.0M	$2.8M	20x	as long as short