Funding you earn now, next payment 02:00 UTC−0.1622%/8h= −177.6% APRpaid last 24h −0.468%
Price spread now: Injective against Orderly−0.495%7-day average −0.434% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−3.314%−$331 on $10k
+Price spread, last 3 days (all we have)−0.065%−$7 · spread now −0.495%, 7d avg −0.434%
=Both sides work against this trade now: funding costs −$49 a day on $10k at the current rate, and Injective is 0.061% cheaper against Orderly than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.434%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ARB_USDC | 0.2224 | −0.0070 | get 0.0070% / 8h | 6h 01m | $12K | $383K | 10x |
| Short | Injective ARB/USDC PERP | 0.2213 | −0.1692 | pay 0.0211% / 1h | 1m 09s | $40K | $372K | 12x |
Orderly PERP_ARB_USDC
Injective ARB/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Orderly. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$340.61
- Price spread: −0.495% → −0.434%
- −$6.06
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$352.69
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Injective: live order book, 3 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Injective live order book, 3 min ago | 51.70 bp | 51.7 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ARB on 35 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 | −0.1692% | 1h | 0.2213 | −0.495% | $40K | $372K | 12x | |
| 01 Exchange ARBUSD | −0.0208% | 1h | 0.2223 | −0.027% | $7K | $2K | 10x | as long as short |
| SoDEX ARB-USD | −0.0204% | 1h | 0.2225 | +0.045% | $10K | $2.4M | 5x | as long as short |
| Variational Omni ARB | −0.0151% | 8h | 0.2224 | −0.020% | $1.9M | $2.9M | — | as long as short |
| OKX ARB-USDT-SWAP | −0.0132% | 8h | 0.2223 | −0.031% | $22.4M | $154.7M | 50x | as long as short |
| MEXC ARB_USDT | −0.0131% | 8h | 0.2225 | +0.063% | $38.9M | $60.3M | 200x | as long as short |
| Orderly PERP_ARB_USDClong | −0.0070% | 8h | 0.2224 | long leg | $12K | $383K | 10x | |
| Bybit ARBUSDT | −0.0041% | 8h | 0.2224 | −0.013% | $56.6M | $127.6M | 50x | as long as short |
| Gate ARB_USDT | −0.0040% | 8h | 0.2226 | +0.072% | $5.4M | $20.0M | 60x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0020% | 1h | 0.2225 | +0.063% | $24K | $34K | 25x | as long as short |
01 Exchange ARBUSD
SoDEX ARB-USD
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Bybit ARBUSDT
Gate ARB_USDT
Deribit ARB_USDC-PERPETUALShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2225 | +0.025% | $66K | $5K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2224 | −0.022% | $353K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0003% | 8h | 0.2225 | +0.031% | $64.8M | $314.5M | 75x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0011% | 1h | 0.2226 | +0.071% | $10K | — | 150x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2225 | +0.057% | $141K | $7K | 3x | as long as short |
| Phemex ARBUSDT | +0.0083% | 8h | 0.2223 | −0.045% | $5.0M | $13.0M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2226 | +0.076% | $1.2M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2226 | +0.085% | $38.7M | $51.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2225 | +0.037% | $661K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2222 | −0.069% | $42K | $183K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2225 | +0.063% | $19.6M | $15.7M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2225 | +0.045% | $21.3M | $35.9M | 50x | as long as short |
| BingX ARB-USDC | +0.0100% | 8h | 0.2224 | +0.013% | — | $6.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2225 | +0.046% | $40K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2226 | +0.083% | $482K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2224 | 0.000% | $120K | $285K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2224 | +0.004% | $84K | $2.1M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2226 | +0.090% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2225 | +0.054% | $298K | $982K | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0240% | 1h | 0.2227 | +0.144% | $509K | $2.1M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2226 | +0.082% | $830K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2223 | −0.034% | $2K | $695 | 20x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0310% | 1h | 0.2226 | +0.075% | $1.1M | $4.7M | 50x | as long as short |
| RISEx ARB/USDC | +0.0466% | 1h | 0.2225 | +0.034% | $490K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0544% | 1h | 0.2229 | +0.211% | $1.0M | $2.8M | 20x | as long as short |
dYdX ARB-USD
Extended ARB-USD
Binance ARBUSDT
gTrade (Gains Network) ARB/USD
Aevo ARB-PERP
Phemex ARBUSDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDC
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Kraken Futures PF_ARBUSD
RISEx ARB/USDC
Backpack ARB_USDC_PERP