Settings8H · net · $10k
Funding arb · Price arb /

ARB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.1766%/8h= +193.4% APRpaid last 24h +0.516%
Price spread now: KuCoin against Injective+0.709%7-day average +0.439% · you sell dearer than you buy
Net, funding: paid 7d − costs+$217as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1441.443% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+3.611%+$361 on $10k
Price spread, last 3 days (all we have)−0.676%−$68 · spread now +0.709%, 7d avg +0.439%
Together, before fees+2.935%+$293 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$53 a day on $10k at the current rate, and KuCoin is 0.270% dearer against Injective than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.439%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective ARB/USDC PERP0.2244−0.1666get 0.0208% / 1h4m 41s$40K$372K12x
ShortKuCoin ARBUSDTM0.22600.0100get 0.0100% / 8h7h 04m$19.7M$15.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$370.94
Price spread: +0.709% → +0.439%
$27
Slippage, 4 orders
−$132.26
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$253.66
Costs to cover
1.443%
Break-even
2.2 days
Slippage from Injective: live order book, 4 min ago; KuCoin: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective live order book, 4 min ago50.63 bp50.6 bp −$51doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 4 min ago0.66 bp19.2 bp −$1930.1 bp −$301doesn't fitdoesn't fit

ARB on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ARB/USDC PERPlong−0.1666%1h0.2244long leg$40K$372K12x
Variational Omni ARB−0.0197%8h0.2259+0.683%$2.0M$2.8Mas long as short
01 Exchange ARBUSD−0.0152%1h0.2252+0.365%$7K$2K10xas long as short
Deribit ARB_USDC-PERPETUAL−0.0149%1h0.2256+0.553%$25K$34K25xas long as short
Bybit ARBUSDT−0.0139%8h0.2256+0.521%$58.7M$126.9M50xas long as short
Kraken Futures PF_ARBUSD−0.0138%1h0.2258+0.613%$1.1M$4.9M50xas long as short
OKX ARB-USDT-SWAP−0.0110%8h0.2255+0.468%$23.1M$157.1M50xas long as short
MEXC ARB_USDT−0.0108%8h0.2257+0.584%$39.3M$59.6M200xas long as short
SoDEX ARB-USD−0.0096%1h0.2255+0.490%$10K$2.5M5xas long as short
Orderly PERP_ARB_USDC−0.0051%8h0.2256+0.535%$13K$389K10xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ARB-USD0.0000%1h0.2260+0.731%$67K$4K10xas long as short
gTrade (Gains Network) ARB/USDL +0.0005% / S −0.0013%1h0.2258+0.602%$11K150xas long as short
Extended ARB-USD+0.0016%1h0.2254+0.431%$358K$2.5M25xas long as short
Binance ARBUSDT+0.0016%8h0.2255+0.477%$66.7M$310.9M75xas long as short
BloFin ARB-USDT+0.0073%8h0.2255+0.472%$3.2M$2.9M75xas long as short
Aevo ARB-PERP+0.0088%1h0.2257+0.572%$143K$7K3xas long as short
Lighter ARB+0.0096%1h0.2259+0.682%$1.4M$7.3M15xas long as short
Hyperliquid ARB+0.0100%1h0.2261+0.780%$41.0M$47.2M10xas long as short
Aster ARBUSDT+0.0100%8h0.2256+0.557%$703K$1.6M20xas long as short
Pacifica ARB+0.0100%1h0.2259+0.684%$45K$183K10xas long as short
Gate ARB_USDT+0.0100%8h0.2257+0.593%$5.5M$20.0M60xas long as short
KuCoin ARBUSDTMshort+0.0100%8h0.2260+0.709%$19.7M$15.8M75x
Bitget ARBUSDT+0.0100%8h0.2257+0.579%$21.6M$35.7M50xas long as short
BingX ARB-USDC+0.0100%8h0.2257+0.561%$6.5Mas long as short
edgeX ARBUSDC+0.0100%4h0.2266+0.988%$41K$462K20xas long as short
GRVT ARB_USDT_Perp+0.0100%8h0.2275+1.384%$488K$3.5M10xas long as short
ApeX Omni ARBUSDT+0.0100%1h0.2273+1.292%$122K$296K50xas long as short
Polymarket Perps ARB-USD+0.0100%1h0.2257+0.570%$65K$2.0M10xas long as short
SunX ARB-USDT+0.0100%8h0.2256+0.535%$1K$1.1M30xas long as short
HTX ARB-USDT+0.0100%8h0.2256+0.539%$294K$976K50xas long as short
Phemex ARBUSDT+0.0100%8h0.2256+0.535%$5.2M$12.9M50xas long as short
Coinbase International ARB-PERP-INTX+0.0232%1h0.2261+0.758%$517K$2.3M50xas long as short
Reya ARBRUSDPERP+0.0290%1h0.2255+0.497%$2K$69520xas long as short
GMX ARB/USD [ARB-USDC]L +0.0291% / S −0.0179%1h0.2258+0.619%$904K150xas long as short
RISEx ARB/USDC+0.0384%1h0.2255+0.506%$512K$2.6M10xas long as short
Backpack ARB_USDC_PERP+0.0580%1h0.2260+0.726%$1.0M$2.8M20xas long as short