Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.1692%/8h= +185.3% APRpaid last 24h +0.499%

Price spread now: Bitget against Injective+0.275%71s7-day average +0.398% · you sell dearer than you buy

Net, funding: paid 7d − costs+$221as 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−$1271.269% of the position

Long on Injective Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+3.482%+$348 on $10k

Price spread, last 4 days (all we have)−0.188%−$19 · spread now +0.275%, 7d avg +0.398%

Together, before fees+3.294%+$329 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.123% cheaper against Injective than usual: you would sell low and buy high (spread +0.275% now, against its 7-day average of +0.398%). If the spread goes back, that is −$12 on $10k: about 6 hours of funding at the current rate (+$51 a day). The two prices were read 71 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	Injective ARB/USDC PERP	0.2179	−0.1605	get 0.0201% / 1h	56m 13s	$39K	$372K	12x
Short	Bitget ARBUSDT	0.2185	0.0087	get 0.0087% / 8h	7h 56m	$21.1M	$34.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Injective. 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 InjectivebpFee BitgetbpOrdersPrice spread, now +0.275%Rate

Funding earned: $355.28
Price spread: +0.275% → +0.398%: −$12.27
Slippage, 4 orders: −$114.88
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bitget: 6 bp × 2 orders: −$12
Net: $216.11
Costs to cover: 1.269%
Break-even: 2.7 days

Slippage from Injective: live order book, 43 min ago; Bitget: live order book, 3 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 Injective live order book, 43 min ago	52.62 bp	52.6 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	2.29 bp	9.2 bp −$9	19.5 bp −$195	96.5 bp −$9,649	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 PERPlong	−0.1605%	1h	0.2179	long leg	$39K	$372K	12x
Kraken Futures PF_ARBUSD	−0.0169%	1h	0.2187	+0.379%	$1.1M	$4.3M	50x	as long as short
01 Exchange ARBUSD	−0.0128%	1h	0.2190	+0.491%	$7K	$236	10x	as long as short
OKX ARB-USDT-SWAP	−0.0068%	8h	0.2185	+0.280%	$22.1M	$145.1M	50x	as long as short
MEXC ARB_USDT	−0.0068%	8h	0.2187	+0.376%	$42.4M	$62.4M	200x	as long as short
SoDEX ARB-USD	−0.0050%	1h	0.2186	+0.326%	$9K	$2.2M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0040%	8h	0.2188	+0.413%	$16K	$409K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2190	+0.528%	$65K	$4K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2188	+0.436%	$28K	$38K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2188	+0.434%	$73K	—	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	+0.0006%	8h	0.2187	+0.384%	$63.1M	$299.3M	75x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2186	+0.320%	$364K	$3.1M	25x	as long as short
Gate ARB_USDT	+0.0010%	8h	0.2187	+0.381%	$5.4M	$18.0M	60x	as long as short
Variational Omni ARB	+0.0029%	8h	0.2187	+0.351%	$1.8M	$3.0M	—	as long as short
BloFin ARB-USDT	+0.0060%	8h	0.2194	+0.707%	$3.0M	$2.3M	75x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2189	+0.443%	$139K	$7K	3x	as long as short
Bitget ARBUSDTshort	+0.0087%	8h	0.2185	+0.275%	$21.1M	$34.7M	50x
BingX ARB-USDC	+0.0087%	8h	0.2187	+0.381%	—	$6.5M	—	as long as short
Lighter ARB	+0.0096%	1h	0.2187	+0.358%	$1.3M	$5.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2190	+0.500%	$36.6M	$49.8M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2189	+0.480%	$627K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2191	+0.538%	$43K	$146K	10x	as long as short
Bybit ARBUSDT	+0.0100%	8h	0.2186	+0.312%	$53.2M	$125.9M	50x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2188	+0.436%	$19.5M	$13.8M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2187	+0.361%	$40K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2186	+0.335%	$465K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2187	+0.367%	$118K	$268K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2190	+0.509%	$73K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2190	+0.505%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2190	+0.505%	$294K	$836K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2187	+0.367%	$4.8M	$12.8M	50x	as long as short
RISEx ARB/USDC	+0.0123%	1h	0.2189	+0.473%	$512K	$2.7M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0277% / S −0.0160%	1h	0.2188	+0.410%	$829K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2188	+0.417%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0296%	1h	0.2188	+0.413%	$978K	$2.8M	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0336%	1h	0.2195	+0.734%	$524K	$1.5M	50x	as long as short