Funding you earn now, next payment 04:00 UTC−0.0335%/8h= −36.7% APRpaid last 24h −0.105%
Price spread now: Aster against Backpack−0.167%55s7-day average −0.903% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$390.389% of the position
Funding, last 7 days−0.135%−$14 on $10k
+Price spread, last 7 days−0.835%−$84 · spread now −0.167%, 7d avg −0.903%
=Together, before fees−0.970%+ Points / potential airdropAster: Stage 5 · farm board−$97 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.736% dearer against Backpack than usual: you sell high and buy low (spread −0.167% now, against its 7-day average of −0.903%): +$74 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 7.3 days. At the pace of the last 7 days (−0.135% in total) that is about 38 days. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.135% in total (about -7.0% 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 | Backpack ARB_USDC_PERP | 0.2209 | 0.0435 | pay 0.0054% / 1h | 58m 11s | $995K | $2.8M | 20x |
| Short | Aster ARBUSDT | 0.2206 | 0.0100 | get 0.0100% / 8h | 4h 58m | $637K | $1.6M | 20x |
Backpack ARB_USDC_PERP
Aster ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster 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
- −$70.43
- Price spread: −0.167% → −0.903%
- $73.55
- Slippage, 4 orders
- −$20.86
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$35.74
- Costs to cover
- 0.389%
- Break-even
- from the start
Slippage from Backpack: live order book, 6 min ago; Aster: live order book, 5 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, 6 min ago | 1.13 bp | 9.7 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 5 min ago | 3.17 bp | 9.7 bp −$10 | 20.4 bp −$204 | 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 | 0.2193 | −0.742% | $40K | $372K | 12x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0204% | 1h | 0.2204 | −0.249% | $24K | $34K | 25x | as long as short |
| MEXC ARB_USDT | −0.0145% | 8h | 0.2205 | −0.199% | $41.0M | $59.4M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0145% | 8h | 0.2201 | −0.371% | $22.2M | $148.4M | 50x | as long as short |
| Variational Omni ARB | −0.0130% | 8h | 0.2205 | −0.213% | $1.8M | $3.0M | — | as long as short |
| Gate ARB_USDT | −0.0121% | 8h | 0.2206 | −0.172% | $5.4M | $18.6M | 60x | as long as short |
| 01 Exchange ARBUSD | −0.0104% | 1h | 0.2206 | −0.163% | $7K | $2K | 10x | as long as short |
| SoDEX ARB-USD | −0.0090% | 1h | 0.2204 | −0.258% | $10K | $2.3M | 5x | as long as short |
| Orderly PERP_ARB_USDC | −0.0078% | 8h | 0.2204 | −0.244% | $13K | $388K | 10x | as long as short |
| Bybit ARBUSDT | −0.0065% | 8h | 0.2202 | −0.344% | $55.8M | $126.0M | 50x | as long as short |
Injective ARB/USDC PERP
Deribit ARB_USDC-PERPETUAL
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Variational Omni ARB
Gate ARB_USDT
01 Exchange ARBUSD
SoDEX ARB-USD
Orderly PERP_ARB_USDC
Bybit ARBUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ARB-USD | −0.0008% | 1h | 0.2204 | −0.240% | $87K | $2.1M | 10x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0006% | 1h | 0.2205 | −0.188% | $1.1M | $4.4M | 50x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2208 | −0.050% | $65K | $5K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0012% | 1h | 0.2205 | −0.179% | $10K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0014% | 8h | 0.2203 | −0.293% | $64.3M | $306.6M | 75x | as long as short |
| Extended ARB-USD | +0.0016% | 1h | 0.2203 | −0.284% | $351K | $2.5M | 25x | as long as short |
| BloFin ARB-USDT | +0.0057% | 8h | 0.2205 | −0.177% | $3.1M | $2.6M | 75x | as long as short |
| Phemex ARBUSDT | +0.0062% | 8h | 0.2204 | −0.244% | $4.9M | $12.9M | 50x | as long as short |
| Bitget ARBUSDT | +0.0069% | 8h | 0.2203 | −0.290% | $21.0M | $34.6M | 50x | as long as short |
| BingX ARB-USDC | +0.0070% | 8h | 0.2203 | −0.281% | — | $6.5M | — | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2218 | +0.411% | $141K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2203 | −0.308% | $1.2M | $5.7M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2206 | −0.167% | $38.2M | $49.1M | 10x | as long as short |
| Aster ARBUSDTshort | +0.0100% | 8h | 0.2206 | −0.167% | $637K | $1.6M | 20x | |
| Pacifica ARB | +0.0100% | 1h | 0.2207 | −0.098% | $43K | $169K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2205 | −0.177% | $19.5M | $15.2M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2205 | −0.197% | $40K | $464K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2206 | −0.151% | $481K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2207 | −0.109% | $119K | $283K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2208 | −0.063% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2205 | −0.213% | $300K | $939K | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2209 | −0.018% | $495K | $2.0M | 50x | as long as short |
| RISEx ARB/USDC | +0.0225% | 1h | 0.2207 | −0.116% | $487K | $2.7M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2205 | −0.205% | $823K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2204 | −0.243% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERPlong | +0.0435% | 1h | 0.2209 | long leg | $995K | $2.8M | 20x |
Polymarket Perps ARB-USD
Kraken Futures PF_ARBUSD
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
BloFin ARB-USDT
Phemex ARBUSDT
Bitget ARBUSDT
BingX ARB-USDC
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Coinbase International ARB-PERP-INTX
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP