Funding you earn now, next payment 03:00 UTC−0.0474%/8h= −51.9% APRnext payment −$0.59 per $10,000 · paid last 24h −0.109%
Price spread now: Aevo against Backpack−0.170%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs−$150as in the Price arb table
costs, in and out, $10k−$1351.349% of the position
Funding, last 7 days−0.160%−$16 on $10k
+Price spread, last 4 days (all we have)+2.764%+$276 · spread now −0.170%, 7d avg −0.021%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Aevo is 0.149% cheaper against Backpack than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.021%). Swap the legs.
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 −$0.59 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 | Backpack ARB_USDC_PERP | 0.2226 | 0.0554 | pay 0.0069% / 1h | 45m 11s | $1.0M | $2.8M | 20x |
| Short | Aevo ARB-PERP | 0.2222 | 0.0080 | get 0.0010% / 1h | 45m 11s | $141K | $7K | 3x |
Backpack ARB_USDC_PERP
Aevo ARB-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Backpack. 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
- −$99.62
- Price spread: −0.170% → −0.021%
- −$14.86
- Slippage, 4 orders
- −$108.9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$249.38
- Costs to cover
- 1.349%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 4 min ago; Aevo: live order book, 18 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 Backpack live order book, 4 min ago | 2.03 bp | 8.7 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aevo live order book, 18 min ago | 31.43 bp | 60.4 bp −$60 | 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 PERP | −0.1577% | 1h | 0.2204 | −0.979% | $40K | $372K | 12x | as long as short |
| Variational Omni ARB | −0.0153% | 8h | 0.2213 | −0.554% | $1.9M | $2.9M | — | as long as short |
| 01 Exchange ARBUSD | −0.0136% | 1h | 0.2220 | −0.238% | $7K | $2K | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0135% | 8h | 0.2221 | −0.229% | $22.3M | $152.1M | 50x | as long as short |
| SoDEX ARB-USD | −0.0135% | 1h | 0.2221 | −0.202% | $10K | $2.4M | 5x | as long as short |
| MEXC ARB_USDT | −0.0134% | 8h | 0.2221 | −0.207% | $38.5M | $59.0M | 200x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0098% | 1h | 0.2223 | −0.113% | $1.1M | $4.6M | 50x | as long as short |
| Polymarket Perps ARB-USD | −0.0092% | 1h | 0.2220 | −0.274% | $102K | $2.1M | 10x | as long as short |
| Bybit ARBUSDT | −0.0080% | 8h | 0.2220 | −0.238% | $56.5M | $126.5M | 50x | as long as short |
| Gate ARB_USDT | −0.0077% | 8h | 0.2222 | −0.189% | $5.4M | $19.0M | 60x | as long as short |
Injective ARB/USDC PERP
Variational Omni ARB
01 Exchange ARBUSD
OKX ARB-USDT-SWAP
SoDEX ARB-USD
MEXC ARB_USDT
Kraken Futures PF_ARBUSD
Polymarket Perps ARB-USD
Bybit ARBUSDT
Gate ARB_USDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ARB_USDC | −0.0073% | 8h | 0.2221 | −0.216% | $13K | $383K | 10x | as long as short |
| ApeX Omni ARBUSDT | −0.0045% | 1h | 0.2213 | −0.575% | $119K | $284K | 50x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2219 | −0.325% | $66K | $5K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2220 | −0.258% | $352K | $2.5M | 25x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2222 | −0.157% | $24K | $34K | 25x | as long as short |
| Binance ARBUSDT | 0.0000% | 8h | 0.2221 | −0.200% | $64.7M | $309.0M | 75x | as long as short |
| BloFin ARB-USDT | +0.0001% | 8h | 0.2221 | −0.234% | — | $2.7M | 75x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0013% | 1h | 0.2222 | −0.182% | $11K | — | 150x | as long as short |
| Aevo ARB-PERPshort | +0.0080% | 1h | 0.2222 | −0.170% | $141K | $7K | 3x | |
| Lighter ARB | +0.0096% | 1h | 0.2221 | −0.207% | $1.2M | $6.4M | 15x | as long as short |
| Phemex ARBUSDT | +0.0096% | 8h | 0.2217 | −0.395% | $4.9M | $12.9M | 50x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2223 | −0.139% | $38.6M | $49.9M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2219 | −0.287% | $659K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2217 | −0.400% | $42K | $179K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2221 | −0.198% | $19.6M | $15.5M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2221 | −0.216% | $21.2M | $35.0M | 50x | as long as short |
| BingX ARB-USDC | +0.0100% | 8h | 0.2216 | −0.449% | — | $6.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2212 | −0.610% | $40K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2212 | −0.620% | $470K | $3.6M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2224 | −0.081% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2222 | −0.171% | $298K | $952K | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2215 | −0.494% | $506K | $2.1M | 50x | as long as short |
| RISEx ARB/USDC | +0.0232% | 1h | 0.2222 | −0.179% | $487K | $2.7M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2222 | −0.178% | $828K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2219 | −0.288% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERPlong | +0.0554% | 1h | 0.2226 | long leg | $1.0M | $2.8M | 20x |
Orderly PERP_ARB_USDC
ApeX Omni ARBUSDT
dYdX ARB-USD
Extended ARB-USD
Deribit ARB_USDC-PERPETUAL
Binance ARBUSDT
BloFin ARB-USDT
gTrade (Gains Network) ARB/USD
Lighter ARB
Phemex ARBUSDT
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDC
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
HTX ARB-USDT
Coinbase International ARB-PERP-INTX
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP