Funding you earn now, next payment 04:00 UTC−0.0528%/8h= −57.9% APRpaid last 24h −0.110%
Price spread now: Bitget against Backpack−0.345%7-day average −0.837% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs+$6as in the Price arb table
costs, in and out, $10k−$430.429% of the position
Funding, last 7 days−0.235%−$23 on $10k
+Price spread, last 7 days−0.610%−$61 · spread now −0.345%, 7d avg −0.837%
=The price spread pays, funding is against you. Bitget is 0.493% dearer against Backpack than usual: you sell high and buy low (spread −0.345% now, against its 7-day average of −0.837%): +$49 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 3.1 days. At the pace of the last 7 days (−0.235% in total) that is about 15 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.235% in total (about -12.2% 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 | 0.2205 | 0.0597 | pay 0.0075% / 1h | 57m 59s | $993K | $2.8M | 20x |
| Short | Bitget ARBUSDT | 0.2197 | 0.0069 | get 0.0069% / 8h | 4h 57m | $21.0M | $34.6M | 50x |
Backpack ARB_USDC_PERP
Bitget ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$110.98
- Price spread: −0.345% → −0.837%
- $49.26
- Slippage, 4 orders
- −$20.9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$104.62
- Costs to cover
- 0.429%
- Break-even
- from the start
Slippage from Backpack: live order book, 6 min ago; Bitget: live order book, 1 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 Bitget live order book, 1 min ago | 2.27 bp | 12.9 bp −$13 | 22.5 bp −$225 | 129.6 bp −$13.0K | 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 | −0.526% | $40K | $372K | 12x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0204% | 1h | 0.2204 | −0.032% | $24K | $34K | 25x | as long as short |
| MEXC ARB_USDT | −0.0145% | 8h | 0.2197 | −0.327% | $40.8M | $59.4M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0145% | 8h | 0.2197 | −0.354% | $22.1M | $148.2M | 50x | as long as short |
| Variational Omni ARB | −0.0130% | 8h | 0.2205 | +0.004% | $1.8M | $3.0M | — | as long as short |
| Gate ARB_USDT | −0.0121% | 8h | 0.2198 | −0.322% | $5.3M | $18.6M | 60x | as long as short |
| 01 Exchange ARBUSD | −0.0104% | 1h | 0.2206 | +0.054% | $7K | $2K | 10x | as long as short |
| SoDEX ARB-USD | −0.0090% | 1h | 0.2204 | −0.041% | $10K | $2.3M | 5x | as long as short |
| Orderly PERP_ARB_USDC | −0.0078% | 8h | 0.2204 | −0.027% | $13K | $388K | 10x | as long as short |
| Bybit ARBUSDT | −0.0065% | 8h | 0.2196 | −0.376% | $55.7M | $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 | −0.023% | $87K | $2.1M | 10x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0006% | 1h | 0.2205 | +0.029% | $1.1M | $4.4M | 50x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2208 | +0.168% | $65K | $5K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0012% | 1h | 0.2205 | +0.039% | $10K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0014% | 8h | 0.2196 | −0.392% | $64.1M | $306.8M | 75x | as long as short |
| Extended ARB-USD | +0.0016% | 1h | 0.2198 | −0.309% | $349K | $2.5M | 25x | as long as short |
| BloFin ARB-USDT | +0.0057% | 8h | 0.2205 | +0.041% | $3.1M | $2.6M | 75x | as long as short |
| Phemex ARBUSDT | +0.0062% | 8h | 0.2204 | −0.027% | $4.9M | $12.9M | 50x | as long as short |
| Bitget ARBUSDTshort | +0.0069% | 8h | 0.2197 | −0.345% | $21.0M | $34.6M | 50x | |
| BingX ARB-USDT | +0.0070% | 8h | 0.2197 | −0.363% | — | $53.8M | — | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2218 | +0.630% | $141K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2203 | −0.091% | $1.2M | $5.7M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2202 | −0.100% | $38.1M | $49.1M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2202 | −0.128% | $636K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2207 | +0.120% | $43K | $169K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2198 | −0.286% | $19.4M | $15.2M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2205 | +0.020% | $40K | $464K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2206 | +0.066% | $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 | +0.154% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2205 | +0.005% | $300K | $939K | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2209 | +0.200% | $495K | $2.0M | 50x | as long as short |
| RISEx ARB/USDC | +0.0225% | 1h | 0.2207 | +0.101% | $487K | $2.7M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2205 | +0.012% | $823K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2204 | −0.025% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERPlong | +0.0597% | 1h | 0.2205 | long leg | $993K | $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
BingX ARB-USDT
Aevo ARB-PERP
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
Coinbase International ARB-PERP-INTX
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP