Funding you earn now, next payment 04:00 UTC−0.0607%/8h= −66.4% APRnext payment −$0.76 per $10,000 · paid last 24h −0.141%
Price spread now: dYdX against Backpack−0.112%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.351%−$35 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and dYdX is 0.112% cheaper against Backpack than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.351% in total (about -18.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.76 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 | 0.2199 | 0.0607 | pay 0.0076% / 1h | 4m 24s | $990K | $2.8M | 20x |
| Short | dYdX ARB-USD | 0.2197 | 0 | get 0.0000% / 1h | 4m 24s | $65K | $5K | 10x |
Backpack ARB_USDC_PERP
dYdX ARB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$127.43
- Price spread: −0.112% → 0.000%
- −$11.25
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$158.67
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 5 min ago; dYdX: no order-book sample. Net counts fees only.
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 | 1.59 bp | 13.1 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.2186 | −0.596% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0168% | 1h | 0.2197 | −0.109% | $7K | $2K | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0157% | 1h | 0.2198 | −0.068% | $86K | $2.1M | 10x | as long as short |
| MEXC ARB_USDT | −0.0117% | 8h | 0.2198 | −0.073% | $41.5M | $60.9M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0117% | 8h | 0.2197 | −0.091% | $22.1M | $145.0M | 50x | as long as short |
| Variational Omni ARB | −0.0096% | 8h | 0.2192 | −0.343% | $1.8M | $2.9M | — | as long as short |
| Orderly PERP_ARB_USDC | −0.0075% | 8h | 0.2196 | −0.141% | $12K | $400K | 10x | as long as short |
| Gate ARB_USDT | −0.0051% | 8h | 0.2197 | −0.095% | $5.3M | $18.8M | 60x | as long as short |
| Bybit ARBUSDT | −0.0034% | 8h | 0.2196 | −0.146% | $55.3M | $125.1M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0006% | 1h | 0.2197 | −0.109% | $1.1M | $4.4M | 50x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Polymarket Perps ARB-USD
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Variational Omni ARB
Orderly PERP_ARB_USDC
Gate ARB_USDT
Bybit ARBUSDT
Kraken Futures PF_ARBUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USDshort | 0.0000% | 1h | 0.2197 | −0.112% | $65K | $5K | 10x | |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2197 | −0.091% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2199 | −0.020% | $32K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0018% | 8h | 0.2197 | −0.077% | $63.9M | $301.9M | 75x | as long as short |
| Extended ARB-USD | +0.0024% | 1h | 0.2196 | −0.132% | $348K | $2.5M | 25x | as long as short |
| SoDEX ARB-USD | +0.0028% | 1h | 0.2196 | −0.159% | $10K | $2.3M | 5x | as long as short |
| Bitget ARBUSDT | +0.0061% | 8h | 0.2197 | −0.095% | $20.9M | $34.3M | 50x | as long as short |
| BingX ARB-USDC | +0.0063% | 8h | 0.2196 | −0.159% | — | $6.5M | — | as long as short |
| BloFin ARB-USDT | +0.0081% | 8h | 0.2195 | −0.173% | $3.1M | $2.6M | 75x | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2197 | −0.108% | $139K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2196 | −0.141% | $1.2M | $5.8M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2199 | 0.000% | $37.7M | $48.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2198 | −0.070% | $632K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2196 | −0.127% | $42K | $168K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2198 | −0.073% | $19.5M | $14.8M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2195 | −0.200% | $38K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2195 | −0.186% | $466K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2194 | −0.232% | $118K | $284K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2198 | −0.050% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2197 | −0.100% | $298K | $909K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2197 | −0.095% | $5.0M | $12.9M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2198 | −0.050% | $487K | $1.9M | 50x | as long as short |
| RISEx ARB/USDC | +0.0225% | 1h | 0.2198 | −0.050% | $464K | $2.6M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2197 | −0.107% | $829K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2197 | −0.078% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERPlong | +0.0607% | 1h | 0.2199 | long leg | $990K | $2.8M | 20x |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
SoDEX ARB-USD
Bitget ARBUSDT
BingX ARB-USDC
BloFin 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
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP