Funding you earn now, next payment 07:00 UTC−0.0558%/8h= −61.1% APRpaid last 24h −0.131%
Price spread now: HTX against Backpack−0.153%7-day average −0.082% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$780.779% of the position
Funding, last 7 days−0.161%−$16 on $10k
+Price spread, last 4 days (all we have)+0.509%+$51 · spread now −0.153%, 7d avg −0.082%
=Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and HTX is 0.071% cheaper against Backpack than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.082%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.161% in total (about -8.4% 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 | 0.2219 | 0.0658 | pay 0.0082% / 1h | 42m 29s | $995K | $2.8M | 20x |
| Short | HTX ARB-USDT | 0.2215 | 0.0100 | get 0.0100% / 8h | 1h 42m | $296K | $872K | 50x |
Backpack ARB_USDC_PERP
HTX ARB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$117.24
- Price spread: −0.153% → −0.082%
- −$7.13
- Slippage, 4 orders
- −$55.92
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$202.29
- Costs to cover
- 0.779%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 2 min ago; HTX: live order book, 21 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, 2 min ago | 0.23 bp | 9.8 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell HTX live order book, 21 min ago | 16.17 bp | 37.7 bp −$38 | 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 | −0.1592% | 1h | 0.2204 | −0.663% | $40K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0215% | 1h | 0.2214 | −0.203% | $68K | $2.1M | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0073% | 8h | 0.2214 | −0.203% | $22.2M | $146.9M | 50x | as long as short |
| MEXC ARB_USDT | −0.0073% | 8h | 0.2214 | −0.207% | $42.3M | $61.7M | 200x | as long as short |
| Variational Omni ARB | −0.0065% | 8h | 0.2209 | −0.457% | $1.8M | $3.0M | — | as long as short |
| 01 Exchange ARBUSD | −0.0064% | 1h | 0.2215 | −0.162% | $7K | $236 | 10x | as long as short |
| SoDEX ARB-USD | −0.0063% | 1h | 0.2215 | −0.180% | $9K | $2.2M | 5x | as long as short |
| Orderly PERP_ARB_USDC | −0.0044% | 8h | 0.2215 | −0.167% | $12K | $405K | 10x | as long as short |
| Bybit ARBUSDT | −0.0021% | 8h | 0.2215 | −0.149% | $54.5M | $126.5M | 50x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2217 | −0.094% | $66K | $5K | 10x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Variational Omni ARB
01 Exchange ARBUSD
SoDEX ARB-USD
Orderly PERP_ARB_USDC
Bybit ARBUSDT
dYdX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2216 | −0.104% | $28K | $38K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2217 | −0.097% | $44K | — | 150x | as long as short |
| RISEx ARB/USDC | +0.0056% | 1h | 0.2215 | −0.162% | $462K | $2.6M | 10x | as long as short |
| Gate ARB_USDT | +0.0058% | 8h | 0.2214 | −0.212% | $5.5M | $18.3M | 60x | as long as short |
| Bitget ARBUSDT | +0.0058% | 8h | 0.2215 | −0.167% | $21.3M | $34.8M | 50x | as long as short |
| Binance ARBUSDT | +0.0093% | 8h | 0.2215 | −0.144% | $63.3M | $302.0M | 75x | as long as short |
| BingX ARB-USDT | +0.0095% | 8h | 0.2214 | −0.198% | — | $53.0M | — | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2215 | −0.176% | $1.3M | $5.5M | 15x | as long as short |
| Extended ARB-USD | +0.0096% | 1h | 0.2213 | −0.236% | $352K | $2.8M | 25x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2217 | −0.072% | $37.5M | $49.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2216 | −0.102% | $636K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2215 | −0.173% | $43K | $150K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2215 | −0.180% | $19.7M | $14.3M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2214 | −0.194% | $39K | $465K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2212 | −0.299% | $480K | $3.7M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2218 | −0.032% | $120K | $282K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2216 | −0.122% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDTshort | +0.0100% | 8h | 0.2215 | −0.153% | $296K | $872K | 50x | |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2215 | −0.167% | $5.0M | $12.8M | 50x | as long as short |
| Aevo ARB-PERP | +0.0104% | 1h | 0.2217 | −0.092% | $141K | $7K | 3x | as long as short |
| BloFin ARB-USDT | +0.0215% | 8h | 0.2215 | −0.162% | $3.1M | $2.4M | 75x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0230% | 1h | 0.2216 | −0.102% | $1.1M | $4.5M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2217 | −0.077% | $836K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2221 | +0.095% | $520K | $1.6M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2214 | −0.203% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERPlong | +0.0658% | 1h | 0.2219 | long leg | $995K | $2.8M | 20x |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
RISEx ARB/USDC
Gate ARB_USDT
Bitget ARBUSDT
Binance ARBUSDT
BingX ARB-USDT
Lighter ARB
Extended ARB-USD
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
Phemex ARBUSDT
Aevo ARB-PERP
BloFin ARB-USDT
Kraken Futures PF_ARBUSD
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP