Funding you earn now, next payment 22:00 UTC−0.0445%/8h= −48.7% APRpaid last 24h −0.077%
Price spread now: KuCoin against Backpack−0.076%7-day average −0.886% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs+$23as in the Price arb table
costs, in and out, $10k−$580.583% of the position
Funding, last 7 days−0.107%−$11 on $10k
+Price spread, last 7 days+0.203%+$20 · spread now −0.076%, 7d avg −0.886%
=The price spread pays, funding is against you. KuCoin is 0.810% dearer against Backpack than usual: you sell high and buy low (spread −0.076% now, against its 7-day average of −0.886%): +$81 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 6.1 days. At the pace of the last 7 days (−0.107% in total) that is about 53 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.107% in total (about -5.6% 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 | 0.2238 | 0.0545 | pay 0.0068% / 1h | 37m 09s | $1.1M | $2.8M | 20x |
| Short | KuCoin ARBUSDTM | 0.2236 | 0.0100 | get 0.0100% / 8h | 2h 37m | $20.7M | $17.1M | 75x |
Backpack ARB_USDC_PERP
KuCoin ARBUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$93.39
- Price spread: −0.076% → −0.886%
- $80.98
- Slippage, 4 orders
- −$36.3
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$70.7
- Costs to cover
- 0.583%
- Break-even
- from the start
Slippage from Backpack: live order book, 2 min ago; KuCoin: live order book, 2 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 | 1.56 bp | 9.6 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 2.90 bp | 20.7 bp −$21 | 48.4 bp −$484 | 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 | −0.1675% | 1h | 0.2227 | −0.496% | $40K | $107K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0320% | 1h | 0.2237 | −0.054% | $7K | $2K | 10x | as long as short |
| Bybit ARBUSDT | −0.0210% | 8h | 0.2234 | −0.188% | $56.5M | $136.3M | 50x | as long as short |
| Variational Omni ARB | −0.0184% | 8h | 0.2232 | −0.265% | $1.9M | $2.8M | — | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0152% | 1h | 0.2235 | −0.116% | $37K | $18K | 25x | as long as short |
| OKX ARB-USDT-SWAP | −0.0074% | 8h | 0.2234 | −0.201% | $22.2M | $165.7M | 50x | as long as short |
| MEXC ARB_USDT | −0.0071% | 8h | 0.2233 | −0.219% | $37.5M | $63.4M | 200x | as long as short |
| SoDEX ARB-USD | −0.0065% | 1h | 0.2234 | −0.192% | $4K | $2.9M | 5x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0053% | 1h | 0.2234 | −0.171% | $1.1M | $5.3M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0012% | 8h | 0.2235 | −0.139% | $10K | $387K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Bybit ARBUSDT
Variational Omni ARB
Deribit ARB_USDC-PERPETUAL
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
Kraken Futures PF_ARBUSD
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2236 | −0.085% | $66K | $4K | 10x | as long as short |
| Polymarket Perps ARB-USD | +0.0001% | 1h | 0.2236 | −0.089% | $77K | $2.3M | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2236 | −0.095% | $55K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0008% | 8h | 0.2234 | −0.165% | $63.5M | $326.3M | 75x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2234 | −0.194% | $355K | $2.5M | 25x | as long as short |
| Gate ARB_USDT | +0.0016% | 8h | 0.2235 | −0.147% | $5.5M | $21.5M | 60x | as long as short |
| BloFin ARB-USDT | +0.0031% | 8h | 0.2235 | −0.156% | $3.0M | $3.3M | 75x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2236 | −0.094% | $146K | $12K | 3x | as long as short |
| BingX ARB-USDC | +0.0083% | 8h | 0.2234 | −0.183% | — | $6.5M | — | as long as short |
| Bitget ARBUSDT | +0.0084% | 8h | 0.2236 | −0.094% | $21.0M | $38.8M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2235 | −0.125% | $1.3M | $7.7M | 15x | as long as short |
| ApeX Omni ARBUSDT | +0.0097% | 1h | 0.2230 | −0.362% | $121K | $297K | 50x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2237 | −0.058% | $40.0M | $53.1M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2236 | −0.081% | $696K | $1.8M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2236 | −0.080% | $46K | $205K | 10x | as long as short |
| KuCoin ARBUSDTMshort | +0.0100% | 8h | 0.2236 | −0.076% | $20.7M | $17.1M | 75x | |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2233 | −0.242% | $38K | $449K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2231 | −0.329% | $478K | $4.1M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2238 | −0.004% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2234 | −0.174% | $275K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2236 | −0.094% | $5.4M | $13.8M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0168% | 1h | 0.2235 | −0.125% | $820K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2239 | +0.040% | $507K | $2.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2234 | −0.187% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERPlong | +0.0545% | 1h | 0.2238 | long leg | $1.1M | $2.8M | 20x | |
| RISEx ARB/USDC | +0.0546% | 1h | 0.2239 | +0.027% | $492K | $2.9M | 10x | as long as short |
dYdX ARB-USD
Polymarket Perps ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
Gate ARB_USDT
BloFin ARB-USDT
Aevo ARB-PERP
BingX ARB-USDC
Bitget ARBUSDT
Lighter ARB
ApeX Omni ARBUSDT
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
RISEx ARB/USDC