Funding you earn now, next payment 02:00 UTC+0.0426%/8h= +46.6% APRpaid last 24h +0.100%
Price spread now: Backpack against Aster+0.272%7-day average +0.891% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$450.446% of the position
Funding, last 7 days+0.130%+$13 on $10k
+Price spread, last 7 days−0.482%−$48 · spread now +0.272%, 7d avg +0.891%
=Together, before fees−0.352%+ Points / potential airdropAster: Stage 5 · farm board−$35 on $10k · with fees, hour by hour
Funding pays, the price is against you. Backpack is 0.619% cheaper against Aster than usual: you would sell low and buy high (spread +0.272% now, against its 7-day average of +0.891%). If the spread goes back, that is −$62 on $10k: about 4.8 days of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.130% in total) that is about 33 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.130% in total (about 6.8% a year). A funding rate is set anew for every payment. 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 | Aster ARBUSDT | 0.2215 | 0.0100 | pay 0.0100% / 8h | 6h 52m | $660K | $1.7M | 20x |
| Short | Backpack ARB_USDC_PERP | 0.2221 | 0.0526 | get 0.0066% / 1h | 52m 09s | $1.0M | $2.9M | 20x |
Aster ARBUSDT
Backpack ARB_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Aster. 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
- $89.44
- Price spread: +0.272% → +0.891%
- −$61.95
- Slippage, 4 orders
- −$26.58
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$17.09
- Costs to cover
- 0.446%
- Break-even
- 8.3 days
Slippage from Aster: live order book, 1 min ago; Backpack: 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 Aster live order book, 1 min ago | 3.84 bp | 12.4 bp −$12 | 37.0 bp −$370 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 2 min ago | 2.04 bp | 9.8 bp −$10 | 218.2 bp −$2,182 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni ARBUSDT | −0.1916% | 1h | 0.2228 | +0.592% | $120K | $296K | 50x | as long as short |
| Injective ARB/USDC PERP | −0.1692% | 1h | 0.2196 | −0.853% | $40K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0208% | 1h | 0.2215 | +0.014% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0190% | 8h | 0.2195 | −0.897% | $1.8M | $2.8M | — | as long as short |
| MEXC ARB_USDT | −0.0106% | 8h | 0.2217 | +0.086% | $37.5M | $58.9M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0104% | 8h | 0.2218 | +0.145% | $22.4M | $157.3M | 50x | as long as short |
| Bybit ARBUSDT | −0.0091% | 8h | 0.2218 | +0.136% | $57.5M | $128.9M | 50x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0066% | 1h | 0.2218 | +0.118% | $24K | $34K | 25x | as long as short |
| Orderly PERP_ARB_USDC | −0.0054% | 8h | 0.2217 | +0.096% | $13K | $386K | 10x | as long as short |
| SoDEX ARB-USD | −0.0036% | 1h | 0.2217 | +0.073% | $10K | $2.5M | 5x | as long as short |
ApeX Omni ARBUSDT
Injective ARB/USDC PERP
01 Exchange ARBUSD
Variational Omni ARB
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Bybit ARBUSDT
Deribit ARB_USDC-PERPETUAL
Orderly PERP_ARB_USDC
SoDEX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2216 | +0.035% | $66K | $5K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2217 | +0.096% | $31K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0005% | 8h | 0.2216 | +0.065% | $65.2M | $317.8M | 75x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2217 | +0.075% | $352K | $2.5M | 25x | as long as short |
| BloFin ARB-USDT | +0.0020% | 8h | 0.2210 | −0.207% | $3.2M | $2.9M | 75x | as long as short |
| Gate ARB_USDT | +0.0067% | 8h | 0.2218 | +0.118% | $5.4M | $19.6M | 60x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2218 | +0.141% | $141K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2216 | +0.068% | $1.3M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2218 | +0.163% | $38.3M | $50.4M | 10x | as long as short |
| Aster ARBUSDTlong | +0.0100% | 8h | 0.2215 | long leg | $660K | $1.7M | 20x | |
| Pacifica ARB | +0.0100% | 1h | 0.2216 | +0.061% | $44K | $186K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2219 | +0.177% | $19.6M | $15.9M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2218 | +0.141% | $21.1M | $36.5M | 50x | as long as short |
| BingX ARB-USDT | +0.0100% | 8h | 0.2217 | +0.105% | — | $54.6M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2227 | +0.561% | $40K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2198 | −0.781% | $476K | $3.5M | 10x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2217 | +0.082% | $76K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2216 | +0.050% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2216 | +0.046% | $291K | $1.0M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2217 | +0.096% | $5.1M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0240% | 1h | 0.2215 | +0.005% | $508K | $2.2M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2217 | +0.107% | $827K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2215 | +0.022% | $2K | $695 | 20x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0311% | 1h | 0.2218 | +0.155% | $1.1M | $4.8M | 50x | as long as short |
| RISEx ARB/USDC | +0.0466% | 1h | 0.2217 | +0.080% | $500K | $2.6M | 10x | as long as short |
| Backpack ARB_USDC_PERPshort | +0.0526% | 1h | 0.2221 | +0.272% | $1.0M | $2.9M | 20x |
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
BloFin ARB-USDT
Gate ARB_USDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Pacifica ARB
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDT
edgeX ARBUSDC
GRVT ARB_USDT_Perp
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Kraken Futures PF_ARBUSD
RISEx ARB/USDC