Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1712%/8h= −187.5% APRpaid last 24h −0.504%

Price spread now: Injective against KuCoin−0.559%7-day average −0.444% · you buy dearer than you sell

Net, funding: paid 7d − costs−$496as in the Funding arb table

Net, price: spread back to 7d avg − costs−$149as in the Price arb table

costs, in and out, $10k−$1381.380% of the position

Long on KuCoin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−3.582%−$358 on $10k

Price spread, last 4 days (all we have)+0.414%+$41 · spread now −0.559%, 7d avg −0.444%

Together, before fees−3.168%−$317 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$51 a day on $10k at the current rate, and Injective is 0.115% cheaper against KuCoin than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.444%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ARBUSDTM	0.2183	0.0100	pay 0.0100% / 8h	36m 56s	$19.4M	$14.0M	75x
Short	Injective ARB/USDC PERP	0.2171	−0.1612	pay 0.0202% / 1h	36m 56s	$39K	$372K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against KuCoin. 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 KuCoinbpFee InjectivebpOrdersPrice spread, now −0.559%Rate

Funding earned: −$359.62
Price spread: −0.559% → −0.444%: −$11.5
Slippage, 4 orders: −$125.96
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$509.09
Costs to cover: 1.380%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Injective: live order book, 2 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 KuCoin live order book, 2 min ago	1.37 bp	17.8 bp −$18	45.0 bp −$450	doesn't fit	doesn't fit
Sell Injective live order book, 2 min ago	52.62 bp	52.6 bp −$53	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	−0.1612%	1h	0.2171	−0.559%	$39K	$372K	12x
01 Exchange ARBUSD	−0.0160%	1h	0.2179	−0.202%	$7K	$236	10x	as long as short
OKX ARB-USDT-SWAP	−0.0085%	8h	0.2181	−0.119%	$22.0M	$144.1M	50x	as long as short
MEXC ARB_USDT	−0.0083%	8h	0.2183	−0.005%	$42.9M	$61.9M	200x	as long as short
SoDEX ARB-USD	−0.0043%	1h	0.2180	−0.151%	$9K	$2.2M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0041%	8h	0.2180	−0.147%	$13K	$404K	10x	as long as short
Polymarket Perps ARB-USD	−0.0015%	1h	0.2180	−0.124%	$70K	$2.1M	10x	as long as short
Variational Omni ARB	−0.0008%	8h	0.2188	+0.235%	$1.8M	$3.0M	—	as long as short
Extended ARB-USD	−0.0008%	1h	0.2182	−0.064%	$349K	$3.1M	25x	as long as short
Binance ARBUSDT	−0.0007%	8h	0.2182	−0.058%	$62.4M	$300.6M	75x	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	0.2185	+0.062%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2181	−0.119%	$28K	$38K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2182	−0.072%	$44K	—	150x	as long as short
Bybit ARBUSDT	+0.0006%	8h	0.2180	−0.137%	$53.3M	$126.0M	50x	as long as short
Gate ARB_USDT	+0.0020%	8h	0.2183	−0.027%	$5.4M	$18.3M	60x	as long as short
RISEx ARB/USDC	+0.0069%	1h	0.2182	−0.070%	$492K	$2.6M	10x	as long as short
BingX ARB-USDC	+0.0080%	8h	0.2180	−0.124%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2182	−0.044%	$138K	$7K	3x	as long as short
Bitget ARBUSDT	+0.0083%	8h	0.2183	−0.009%	$21.1M	$34.6M	50x	as long as short
Kraken Futures PF_ARBUSD	+0.0093%	1h	0.2181	−0.084%	$1.1M	$4.4M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2180	−0.128%	$1.2M	$5.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2183	−0.027%	$36.8M	$49.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2184	+0.026%	$631K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2185	+0.064%	$42K	$147K	10x	as long as short
KuCoin ARBUSDTMlong	+0.0100%	8h	0.2183	long leg	$19.4M	$14.0M	75x
edgeX ARBUSDC	+0.0100%	4h	0.2183	−0.007%	$39K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2182	−0.048%	$467K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2190	+0.311%	$118K	$279K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2183	−0.009%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2185	+0.073%	$292K	$835K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2180	−0.147%	$4.8M	$12.8M	50x	as long as short
BloFin ARB-USDT	+0.0105%	8h	0.2181	−0.110%	$3.0M	$2.3M	75x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2181	−0.100%	$823K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2180	−0.141%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0336%	1h	0.2184	+0.037%	$522K	$1.5M	50x	as long as short
Backpack ARB_USDC_PERP	+0.0620%	1h	0.2184	+0.055%	$984K	$2.9M	20x	as long as short