Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1766%/8h= +193.4% APRpaid last 24h +0.517%

Price spread now: edgeX against Injective+0.388%107s7-day average +0.417% · you sell dearer than you buy

Net, funding: paid 7d − costs+$216as 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−$1451.451% of the position

Long on Injective Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+3.613%+$361 on $10k

Price spread, last 3 days (all we have)−0.483%−$48 · spread now +0.388%, 7d avg +0.417%

Together, before fees+3.129%+ Points / potential airdropedgeX: Active · farm board+$313 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.029% cheaper against Injective than usual: you would sell low and buy high (spread +0.388% now, against its 7-day average of +0.417%). If the spread goes back, that is −$3 on $10k: about 1 hour of funding at the current rate (+$53 a day). The two prices were read 107 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	0.2248	−0.1666	get 0.0208% / 1h	55m 34s	$41K	$372K	12x
Short	edgeX ARBUSDC	0.2257	0.0100	get 0.0050% / 4h	3h 55m	$40K	$460K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.388%Rate

Funding earned: $370.94
Price spread: +0.388% → +0.417%: −$2.9
Slippage, 4 orders: −$136.12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $222.9
Costs to cover: 1.451%
Break-even: 2.8 days

Slippage from Injective: live order book, 19 min ago; edgeX: live order book, 18 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, 19 min ago	50.58 bp	50.6 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 18 min ago	13.23 bp	22.2 bp −$22	119.7 bp −$1,197	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 PERPlong	−0.1666%	1h	0.2248	long leg	$41K	$372K	12x
Bybit ARBUSDT	−0.0543%	8h	0.2247	−0.053%	$58.0M	$127.5M	50x	as long as short
Variational Omni ARB	−0.0205%	8h	0.2254	+0.260%	$2.0M	$2.8M	—	as long as short
01 Exchange ARBUSD	−0.0184%	1h	0.2245	−0.133%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0176%	1h	0.2255	+0.294%	$4K	$2.6M	5x	as long as short
ApeX Omni ARBUSDT	−0.0163%	1h	0.2258	+0.445%	$122K	$295K	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0138%	1h	0.2257	+0.402%	$1.1M	$4.9M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0116%	8h	0.2245	−0.111%	$22.7M	$157.5M	50x	as long as short
MEXC ARB_USDT	−0.0115%	8h	0.2249	+0.058%	$37.7M	$58.7M	200x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0105%	1h	0.2255	+0.311%	$25K	$34K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps ARB-USD	−0.0082%	1h	0.2247	−0.036%	$66K	$2.0M	10x	as long as short
Gate ARB_USDT	−0.0048%	8h	0.2247	−0.044%	$5.4M	$19.6M	60x	as long as short
Orderly PERP_ARB_USDC	−0.0042%	8h	0.2255	+0.311%	$13K	$391K	10x	as long as short
Binance ARBUSDT	−0.0009%	8h	0.2248	−0.022%	$66.2M	$312.7M	75x	as long as short
Extended ARB-USD	−0.0008%	1h	0.2245	−0.120%	$359K	$2.3M	25x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2251	+0.141%	$67K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2254	+0.250%	$56K	—	150x	as long as short
Bitget ARBUSDT	+0.0046%	8h	0.2245	−0.133%	$21.1M	$36.0M	50x	as long as short
BingX ARB-USDC	+0.0047%	8h	0.2244	−0.169%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2256	+0.343%	$147K	$3K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2252	+0.196%	$1.4M	$7.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2254	+0.249%	$40.7M	$47.8M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2251	+0.118%	$699K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2252	+0.169%	$47K	$183K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2250	+0.089%	$19.6M	$16.1M	75x	as long as short
edgeX ARBUSDCshort	+0.0100%	4h	0.2257	+0.388%	$40K	$460K	20x
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2257	+0.401%	$485K	$3.6M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2257	+0.400%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2256	+0.343%	$293K	$1.0M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2257	+0.400%	$5.1M	$13.0M	50x	as long as short
BloFin ARB-USDT	+0.0113%	8h	0.2256	+0.343%	$3.1M	$2.8M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0232%	1h	0.2256	+0.356%	$509K	$2.3M	50x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2244	−0.159%	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0297% / S −0.0186%	1h	0.2253	+0.226%	$922K	—	150x	as long as short
Backpack ARB_USDC_PERP	+0.0377%	1h	0.2258	+0.436%	$1.0M	$2.8M	20x	as long as short
RISEx ARB/USDC	+0.0384%	1h	0.2248	+0.006%	$509K	$2.7M	10x	as long as short