Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1485%/8h= +162.6% APRpaid last 24h +0.466%

Price spread now: MEXC against Injective+0.202%100s7-day average +0.405% · you sell dearer than you buy

Net, funding: paid 7d − costs+$231as 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−$1071.069% of the position

Long on Injective Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+3.382%+$338 on $10k

Price spread, last 4 days (all we have)−0.716%−$72 · spread now +0.202%, 7d avg +0.405%

Together, before fees+2.666%+$267 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.204% cheaper against Injective than usual: you would sell low and buy high (spread +0.202% now, against its 7-day average of +0.405%). If the spread goes back, that is −$20 on $10k: about 11 hours of funding at the current rate (+$45 a day). The two prices were read 100 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	0.2181	−0.1589	get 0.0199% / 1h	23m 36s	$39K	$372K	12x
Short	MEXC ARB_USDT	0.2185	−0.0104	pay 0.0104% / 8h	3h 23m	$41.5M	$60.6M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.202%Rate

Funding earned: $311.8
Price spread: +0.202% → +0.405%: −$20.37
Slippage, 4 orders: −$106.91
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 0 bp × 2 orders: $0
Net: $184.49
Costs to cover: 1.069%
Break-even: 2.9 days

Slippage from Injective: live order book, 30 min ago; MEXC: live order book, 5 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, 30 min ago	52.31 bp	52.3 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.23 bp	0.6 bp −$1	6.6 bp −$66	41.1 bp −$4,109	78.2 bp −$39.1K

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	−0.1589%	1h	0.2181	long leg	$39K	$372K	12x
Polymarket Perps ARB-USD	−0.0179%	1h	0.2186	+0.220%	$69K	$2.1M	10x	as long as short
OKX ARB-USDT-SWAP	−0.0104%	8h	0.2185	+0.193%	$22.0M	$141.9M	50x	as long as short
MEXC ARB_USDTshort	−0.0104%	8h	0.2185	+0.202%	$41.5M	$60.6M	200x
Variational Omni ARB	−0.0099%	8h	0.2188	+0.332%	$1.8M	$3.0M	—	as long as short
Orderly PERP_ARB_USDC	−0.0067%	8h	0.2187	+0.275%	$13K	$407K	10x	as long as short
Bybit ARBUSDT	−0.0060%	8h	0.2185	+0.188%	$55.2M	$123.3M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0050%	1h	0.2186	+0.233%	$1.0M	$4.4M	50x	as long as short
01 Exchange ARBUSD	−0.0008%	1h	0.2186	+0.234%	$7K	$2K	10x	as long as short
Gate ARB_USDT	−0.0008%	8h	0.2186	+0.225%	$5.3M	$18.1M	60x	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	0.2187	+0.256%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2186	+0.248%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2187	+0.266%	$44K	—	150x	as long as short
Extended ARB-USD	+0.0040%	1h	0.2184	+0.149%	$349K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0045%	8h	0.2186	+0.248%	$63.7M	$299.1M	75x	as long as short
Bitget ARBUSDT	+0.0053%	8h	0.2185	+0.183%	$20.8M	$33.8M	50x	as long as short
BingX ARB-USDC	+0.0056%	8h	0.2184	+0.142%	—	$6.5M	—	as long as short
Lighter ARB	+0.0096%	1h	0.2186	+0.238%	$1.3M	$5.5M	15x	as long as short
Aevo ARB-PERP	+0.0096%	1h	0.2188	+0.315%	$139K	$7K	3x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2188	+0.330%	$37.3M	$48.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2188	+0.298%	$630K	$1.5M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2186	+0.236%	$42K	$159K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2187	+0.266%	$19.5M	$14.5M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2188	+0.315%	$38K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2194	+0.596%	$472K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2189	+0.367%	$118K	$283K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2188	+0.321%	$2K	$1.1M	30x	as long as short
SoDEX ARB-USD	+0.0100%	1h	0.2185	+0.202%	$10K	$2.2M	5x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2188	+0.312%	$297K	$882K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2186	+0.229%	$4.9M	$12.8M	50x	as long as short
RISEx ARB/USDC	+0.0118%	1h	0.2186	+0.235%	$467K	$2.6M	10x	as long as short
BloFin ARB-USDT	+0.0162%	8h	0.2189	+0.385%	$3.1M	$2.5M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0256%	1h	0.2194	+0.596%	$494K	$1.6M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2187	+0.286%	$825K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2185	+0.180%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0544%	1h	0.2189	+0.348%	$984K	$2.8M	20x	as long as short