ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.1645%/8h= −180.2% APRnext payment −$2.06 per $10,000 · paid last 24h −0.490%

Price spread now: Injective against Polymarket Perps−0.424%7-day average −0.387% · you buy dearer than you sell

Net, funding: paid 7d − costs−$424as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1151.151% of the position

Long on Polymarket Perps Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−3.091%−$309 on $10k

Price spread, last 3 days (all we have)+0.988%+$99 · spread now −0.424%, 7d avg −0.387%

Together, before fees−2.103%−$210 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$49 a day on $10k at the current rate, and Injective is 0.037% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.387%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ARB-USD	0.2240	−0.0124	get 0.0016% / 1h	19m 11s	$73K	$2.0M	10x
Short	Injective ARB/USDC PERP	0.2230	−0.1770	pay 0.0221% / 1h	19m 11s	$40K	$372K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Polymarket Perps. 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 Polymarket PerpsbpFee InjectivebpOrdersPrice spread, now −0.424%Rate

Funding earned: −$345.5
Price spread: −0.424% → −0.387%: −$3.71
Slippage, 4 orders: −$107.04
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$464.27
Costs to cover: 1.151%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 5 min ago; Injective: live order book, 65 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 Polymarket Perps live order book, 5 min ago	2.24 bp	6.2 bp −$6	8.9 bp −$89	doesn't fit	doesn't fit
Sell Injective live order book, 65 min ago	51.28 bp	51.3 bp −$51	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	−0.1770%	1h	0.2230	−0.424%	$40K	$372K	12x
01 Exchange ARBUSD	−0.0232%	1h	0.2239	−0.013%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0198%	1h	0.2238	−0.049%	$4K	$2.8M	5x	as long as short
Variational Omni ARB	−0.0168%	8h	0.2238	−0.055%	$1.9M	$2.7M	—	as long as short
Bybit ARBUSDT	−0.0146%	8h	0.2238	−0.049%	$57.9M	$133.2M	50x	as long as short
Polymarket Perps ARB-USDlong	−0.0124%	1h	0.2240	long leg	$73K	$2.0M	10x
Deribit ARB_USDC-PERPETUAL	−0.0107%	1h	0.2241	+0.080%	$26K	$32K	25x	as long as short
MEXC ARB_USDT	−0.0101%	8h	0.2241	+0.049%	$37.3M	$62.7M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0101%	8h	0.2239	−0.004%	$22.5M	$160.8M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0037%	8h	0.2240	+0.022%	$10K	$394K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	−0.0008%	8h	0.2240	0.000%	$64.0M	$317.0M	75x	as long as short
Extended ARB-USD	−0.0008%	1h	0.2238	−0.075%	$356K	$2.4M	25x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2239	−0.003%	$66K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2242	+0.092%	$56K	—	150x	as long as short
Gate ARB_USDT	+0.0033%	8h	0.2239	−0.004%	$5.5M	$20.7M	60x	as long as short
Bitget ARBUSDT	+0.0068%	8h	0.2239	−0.022%	$21.0M	$37.2M	50x	as long as short
BingX ARB-USDC	+0.0073%	8h	0.2238	−0.063%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2242	+0.096%	$147K	$12K	3x	as long as short
Kraken Futures PF_ARBUSD	+0.0085%	1h	0.2240	+0.040%	$1.1M	$5.1M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2241	+0.067%	$1.3M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2243	+0.134%	$40.1M	$50.6M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2240	+0.037%	$696K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2239	−0.004%	$44K	$193K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2240	+0.040%	$20.6M	$16.4M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2239	−0.007%	$40K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2240	+0.023%	$486K	$3.9M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2240	+0.022%	$121K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2242	+0.112%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2240	+0.027%	$276K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2240	+0.022%	$5.2M	$13.4M	50x	as long as short
BloFin ARB-USDT	+0.0112%	8h	0.2239	−0.004%	$3.0M	$3.3M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0264%	1h	0.2242	+0.112%	$506K	$2.3M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0274% / S −0.0156%	1h	0.2242	+0.114%	$841K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2239	−0.012%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0363%	1h	0.2241	+0.089%	$495K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0624%	1h	0.2243	+0.174%	$1.1M	$2.7M	20x	as long as short