Funding you earn now, next payment 23:00 UTC−0.0548%/8h= −60.1% APRpaid last 24h −0.083%
Price spread now: BingX against Backpack−0.214%7-day average −0.869% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs+$10as in the Price arb table
costs, in and out, $10k−$550.553% of the position
Funding, last 7 days−0.166%−$17 on $10k
+Price spread, last 7 days+0.698%+$70 · spread now −0.214%, 7d avg −0.869%
=The price spread pays, funding is against you. BingX is 0.655% dearer against Backpack than usual: you sell high and buy low (spread −0.214% now, against its 7-day average of −0.869%): +$66 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 4.0 days. At the pace of the last 7 days (−0.166% in total) that is about 28 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.166% in total (about -8.6% 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 | 0.2242 | 0.0629 | pay 0.0079% / 1h | 39m 15s | $1.1M | $2.7M | 20x |
| Short | BingX ARB-USDC | 0.2237 | 0.0081 | get 0.0081% / 8h | 1h 39m | — | $6.5M | — |
Backpack ARB_USDC_PERP
BingX ARB-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$115.18
- Price spread: −0.214% → −0.869%
- $65.52
- Slippage, 4 orders
- −$35.28
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$104.94
- Costs to cover
- 0.553%
- Break-even
- from the start
Slippage from Backpack: live order book, 5 min ago; BingX: live order book, 12 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, 5 min ago | 0.45 bp | 9.1 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 12 min ago | 3.82 bp | 20.9 bp −$21 | 44.6 bp −$446 | 98.2 bp −$9,818 | 629.0 bp −$314.5K |
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 | −0.1770% | 1h | 0.2226 | −0.723% | $40K | $283K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0224% | 1h | 0.2237 | −0.223% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0162% | 8h | 0.2236 | −0.259% | $1.9M | $2.8M | — | as long as short |
| Bybit ARBUSDT | −0.0139% | 8h | 0.2237 | −0.214% | $57.6M | $135.8M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0102% | 8h | 0.2238 | −0.174% | $22.3M | $163.6M | 50x | as long as short |
| MEXC ARB_USDT | −0.0101% | 8h | 0.2237 | −0.214% | $37.4M | $62.4M | 200x | as long as short |
| SoDEX ARB-USD | −0.0069% | 1h | 0.2240 | −0.107% | $4K | $2.8M | 5x | as long as short |
| Polymarket Perps ARB-USD | −0.0064% | 1h | 0.2237 | −0.219% | $76K | $2.2M | 10x | as long as short |
| Orderly PERP_ARB_USDC | −0.0027% | 8h | 0.2238 | −0.187% | $10K | $394K | 10x | as long as short |
| Binance ARBUSDT | −0.0011% | 8h | 0.2240 | −0.076% | $64.0M | $322.6M | 75x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Variational Omni ARB
Bybit ARBUSDT
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
Polymarket Perps ARB-USD
Orderly PERP_ARB_USDC
Binance ARBUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ARB-USD | −0.0008% | 1h | 0.2238 | −0.168% | $355K | $2.4M | 25x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2238 | −0.201% | $66K | $4K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2239 | −0.138% | $26K | $32K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2239 | −0.153% | $56K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0026% | 8h | 0.2238 | −0.178% | $5.5M | $20.7M | 60x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2239 | −0.147% | $146K | $12K | 3x | as long as short |
| BingX ARB-USDCshort | +0.0081% | 8h | 0.2237 | −0.214% | — | $6.5M | — | |
| Bitget ARBUSDT | +0.0082% | 8h | 0.2237 | −0.232% | $21.0M | $38.0M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0085% | 1h | 0.2242 | −0.020% | $1.1M | $5.2M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2241 | −0.058% | $1.3M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2240 | −0.094% | $40.0M | $50.9M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2238 | −0.194% | $695K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2238 | −0.193% | $45K | $197K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2239 | −0.152% | $20.6M | $16.8M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2235 | −0.327% | $40K | $460K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2235 | −0.300% | $481K | $4.0M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2235 | −0.321% | $121K | $294K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2240 | −0.098% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2239 | −0.143% | $276K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2238 | −0.187% | $5.2M | $13.5M | 50x | as long as short |
| BloFin ARB-USDT | +0.0109% | 8h | 0.2240 | −0.094% | $3.0M | $3.3M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0264% | 1h | 0.2243 | +0.031% | $509K | $2.4M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0157% | 1h | 0.2239 | −0.136% | $837K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2238 | −0.209% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0363% | 1h | 0.2240 | −0.117% | $494K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERPlong | +0.0629% | 1h | 0.2242 | long leg | $1.1M | $2.7M | 20x |
Extended ARB-USD
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Aevo ARB-PERP
Bitget ARBUSDT
Kraken Futures PF_ARBUSD
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
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC