ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0537%/8h= +58.8% APRnext payment +$0.67 per $10,000 · paid last 24h +0.109%

Price spread now: Backpack against Aevo+0.095%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1341.343% of the position

Long on Aevo Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.160%+$16 on $10k

Price spread, last 4 days (all we have)−2.689%−$269 · spread now +0.095%, 7d avg +0.021%

Together, before fees−2.529%−$253 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Backpack is 0.074% dearer against Aevo than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.021%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.160% in total (about 8.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.67 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ARB-PERP	0.2208	0.0088	pay 0.0011% / 1h	55m 00s	$140K	$7K	3x
Short	Backpack ARB_USDC_PERP	0.2210	0.0625	get 0.0078% / 1h	55m 00s	$995K	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Aevo. 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 AevobpFee BackpackbpOrdersPrice spread, now +0.095%Rate

Funding earned: $112.81
Price spread: +0.095% → +0.021%: $7.39
Slippage, 4 orders: −$108.33
Fee Aevo: 8 bp × 2 orders: −$16
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$14.13
Costs to cover: 1.343%
Break-even: 7.9 days

Slippage from Aevo: live order book, 69 min ago; Backpack: live order book, 4 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 Aevo live order book, 69 min ago	31.43 bp	55.5 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 4 min ago	0.23 bp	9.5 bp −$10	176.3 bp −$1,763	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 PERP	−0.1649%	1h	0.2196	−0.530%	$40K	$372K	12x	as long as short
MEXC ARB_USDT	−0.0144%	8h	0.2208	+0.005%	$41.1M	$59.5M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0142%	8h	0.2207	−0.014%	$22.2M	$148.7M	50x	as long as short
Variational Omni ARB	−0.0125%	8h	0.2208	−0.001%	$1.8M	$2.9M	—	as long as short
Gate ARB_USDT	−0.0105%	8h	0.2207	−0.018%	$5.4M	$18.6M	60x	as long as short
01 Exchange ARBUSD	−0.0104%	1h	0.2207	−0.045%	$7K	$2K	10x	as long as short
Orderly PERP_ARB_USDC	−0.0078%	8h	0.2207	−0.032%	$13K	$388K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0067%	1h	0.2207	−0.027%	$24K	$34K	25x	as long as short
Bybit ARBUSDT	−0.0054%	8h	0.2207	−0.032%	$55.9M	$126.0M	50x	as long as short
SoDEX ARB-USD	−0.0024%	1h	0.2207	−0.050%	$10K	$2.3M	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps ARB-USD	−0.0018%	1h	0.2206	−0.059%	$87K	$2.1M	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0006%	1h	0.2208	+0.029%	$1.1M	$4.4M	50x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2208	−0.002%	$65K	$5K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0012%	1h	0.2208	+0.018%	$10K	—	150x	as long as short
Binance ARBUSDT	+0.0014%	8h	0.2207	−0.036%	$64.4M	$306.8M	75x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2207	−0.042%	$351K	$2.5M	25x	as long as short
ApeX Omni ARBUSDT	+0.0046%	1h	0.2199	−0.394%	$119K	$283K	50x	as long as short
BloFin ARB-USDT	+0.0057%	8h	0.2204	−0.168%	$3.1M	$2.6M	75x	as long as short
Bitget ARBUSDT	+0.0068%	8h	0.2206	−0.077%	$21.0M	$34.7M	50x	as long as short
BingX ARB-USDC	+0.0070%	8h	0.2205	−0.140%	—	$6.5M	—	as long as short
Aevo ARB-PERPlong	+0.0088%	1h	0.2208	long leg	$140K	$7K	3x
Lighter ARB	+0.0096%	1h	0.2207	−0.041%	$1.2M	$5.7M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2208	+0.009%	$38.2M	$49.2M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2207	−0.040%	$638K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2207	−0.024%	$43K	$169K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2207	−0.014%	$19.5M	$15.2M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2199	−0.374%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2197	−0.471%	$467K	$3.6M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2209	+0.059%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2206	−0.077%	$299K	$956K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2206	−0.077%	$4.9M	$12.9M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2211	+0.149%	$495K	$2.0M	50x	as long as short
RISEx ARB/USDC	+0.0225%	1h	0.2208	+0.023%	$485K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2208	+0.019%	$824K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2206	−0.072%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERPshort	+0.0625%	1h	0.2210	+0.095%	$995K	$2.8M	20x