Funding you earn now, next payment 07:00 UTC−0.1481%/8h= −162.1% APRnext payment −$1.85 per $10,000 · paid last 24h −0.460%
Price spread now: Injective against SoDEX−0.018%62s7-day average −0.415% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1151.147% of the position
Funding, last 3 days (all we have)−1.731%−$173 on $10k
+Price spread, last 4 days (all we have)−0.471%−$47 · spread now −0.018%, 7d avg −0.415%
=The price spread pays, funding is against you. Injective is 0.397% dearer against SoDEX than usual: you sell high and buy low (spread −0.018% now, against its 7-day average of −0.415%): +$40 on $10k if it goes back. Holding the pair costs −$44 a day in funding at the current rate, which eats that in about 21 hours. The two prices were read 62 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 | SoDEX ARB-USD | 0.2186 | −0.0111 | get 0.0014% / 1h | 0m 02s | $9K | $2.2M | 5x |
| Short | Injective ARB/USDC PERP | 0.2186 | −0.1592 | pay 0.0199% / 1h | 0m 02s | $39K | $372K | 12x |
SoDEX ARB-USD
Injective ARB/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against SoDEX. 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
- −$310.96
- Price spread: −0.018% → −0.415%
- $39.65
- Slippage, 4 orders
- −$106.71
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$386.04
- Costs to cover
- 1.147%
- Break-even
- never at this rate
Slippage from SoDEX: live order book, 4 min ago; Injective: live order book, 44 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 SoDEX live order book, 4 min ago | 0.23 bp | 5.4 bp −$5 | 19.9 bp −$199 | doesn't fit | doesn't fit |
| Sell Injective live order book, 44 min ago | 51.93 bp | 51.9 bp −$52 | 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 | −0.1592% | 1h | 0.2186 | −0.018% | $39K | $372K | 12x | |
| 01 Exchange ARBUSD | −0.0176% | 1h | 0.2186 | −0.018% | $7K | $236 | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0168% | 1h | 0.2187 | +0.009% | $67K | $2.1M | 10x | as long as short |
| SoDEX ARB-USDlong | −0.0111% | 1h | 0.2186 | long leg | $9K | $2.2M | 5x | |
| OKX ARB-USDT-SWAP | −0.0091% | 8h | 0.2186 | −0.032% | $22.0M | $144.3M | 50x | as long as short |
| MEXC ARB_USDT | −0.0091% | 8h | 0.2186 | −0.027% | $41.9M | $62.5M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0038% | 8h | 0.2186 | −0.018% | $12K | $407K | 10x | as long as short |
| Variational Omni ARB | −0.0035% | 8h | 0.2185 | −0.043% | $1.8M | $3.0M | — | as long as short |
| Bybit ARBUSDT | −0.0008% | 8h | 0.2185 | −0.046% | $53.6M | $126.4M | 50x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2187 | +0.023% | $65K | $5K | 10x | as long as short |
01 Exchange ARBUSD
Polymarket Perps ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Orderly PERP_ARB_USDC
Variational Omni ARB
Bybit ARBUSDT
dYdX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2187 | +0.037% | $28K | $38K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2188 | +0.061% | $44K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0015% | 8h | 0.2186 | −0.018% | $62.6M | $301.9M | 75x | as long as short |
| Extended ARB-USD | +0.0016% | 1h | 0.2185 | −0.069% | $352K | $3.0M | 25x | as long as short |
| Gate ARB_USDT | +0.0018% | 8h | 0.2186 | −0.027% | $5.4M | $18.5M | 60x | as long as short |
| RISEx ARB/USDC | +0.0056% | 1h | 0.2188 | +0.073% | $485K | $2.6M | 10x | as long as short |
| BloFin ARB-USDT | +0.0071% | 8h | 0.2186 | −0.032% | $3.0M | $2.3M | 75x | as long as short |
| Bitget ARBUSDT | +0.0073% | 8h | 0.2185 | −0.064% | $21.1M | $34.7M | 50x | as long as short |
| BingX ARB-USDT | +0.0074% | 8h | 0.2186 | −0.032% | — | $33.2M | — | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2187 | +0.031% | $139K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2187 | +0.009% | $1.2M | $5.5M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2187 | +0.032% | $36.9M | $49.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2188 | +0.068% | $629K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2187 | +0.021% | $42K | $148K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2186 | −0.027% | $19.4M | $14.2M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2192 | +0.238% | $39K | $465K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2192 | +0.262% | $467K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2197 | +0.485% | $119K | $279K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2188 | +0.073% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2187 | +0.032% | $292K | $838K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2187 | +0.027% | $4.8M | $12.9M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0233% | 1h | 0.2188 | +0.054% | $1.1M | $4.4M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2187 | +0.049% | $826K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2196 | +0.421% | $524K | $1.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2186 | −0.026% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0566% | 1h | 0.2190 | +0.156% | $984K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
Gate ARB_USDT
RISEx ARB/USDC
BloFin ARB-USDT
Bitget ARBUSDT
BingX ARB-USDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Kraken Futures PF_ARBUSD
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP