Funding you earn now, next payment 00:00 UTC−0.0159%/8h= −17.4% APRnext payment −$0.20 per $10,000 · paid last 24h −0.065%
Price spread now: RISEx against Backpack−0.207%7-day average −0.737% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs+$25as in the Price arb table
costs, in and out, $10k−$280.284% of the position
Funding, last 3 days (all we have)+0.148%+$15 on $10k
+Price spread, last 5 days (all we have)+0.764%+$76 · spread now −0.207%, 7d avg −0.737%
=The price spread pays, funding is against you. RISEx is 0.530% dearer against Backpack than usual: you sell high and buy low (spread −0.207% now, against its 7-day average of −0.737%): +$53 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 11 days. Mind the row above: over the last 3 days funding on this pair paid +0.148%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack ARB_USDC_PERP | 0.2279 | 0.0489 | pay 0.0061% / 1h | 27m 34s | $927K | $2.8M | 20x |
| Short | RISEx ARB/USDC | 0.2275 | 0.0330 | get 0.0041% / 1h | 27m 34s | $503K | $2.7M | 10x |
Backpack ARB_USDC_PERP
RISEx ARB/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- −$33.41
- Price spread: −0.207% → −0.737%
- $53.05
- Slippage, 4 orders
- −$12.38
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$8.75
- Costs to cover
- 0.284%
- Break-even
- from the start
Slippage from Backpack: live order book, 1 min ago; RISEx: 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, 1 min ago | 0.44 bp | 10.8 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell RISEx live order book, 1 min ago | 1.97 bp | 5.0 bp −$5 | 17.5 bp −$175 | 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 | −0.1785% | 1h | 0.2265 | −0.632% | $41K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0274% | 1h | 0.2272 | −0.325% | $75K | $2.0M | 10x | as long as short |
| Variational Omni ARB | −0.0184% | 8h | 0.2276 | −0.150% | $2.0M | $2.8M | — | as long as short |
| 01 Exchange ARBUSD | −0.0168% | 1h | 0.2272 | −0.307% | $7K | $2K | 10x | as long as short |
| Bybit ARBUSDT | −0.0162% | 8h | 0.2272 | −0.329% | $58.5M | $128.2M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0108% | 8h | 0.2272 | −0.311% | $23.0M | $160.0M | 50x | as long as short |
| MEXC ARB_USDT | −0.0108% | 8h | 0.2272 | −0.307% | $38.2M | $59.7M | 200x | as long as short |
| SoDEX ARB-USD | −0.0061% | 1h | 0.2277 | −0.101% | $4K | $2.6M | 5x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0057% | 1h | 0.2278 | −0.053% | $26K | $32K | 25x | as long as short |
| Orderly PERP_ARB_USDC | −0.0040% | 8h | 0.2277 | −0.105% | $13K | $395K | 10x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
Variational Omni ARB
01 Exchange ARBUSD
Bybit ARBUSDT
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
Deribit ARB_USDC-PERPETUAL
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 | 0.2274 | −0.249% | $67K | $4K | 10x | as long as short |
| Gate ARB_USDT | +0.0004% | 8h | 0.2273 | −0.290% | $5.5M | $20.2M | 60x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2279 | −0.018% | $55K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0015% | 8h | 0.2273 | −0.276% | $66.6M | $312.6M | 75x | as long as short |
| Extended ARB-USD | +0.0016% | 1h | 0.2272 | −0.306% | $363K | $2.3M | 25x | as long as short |
| BloFin ARB-USDT | +0.0054% | 8h | 0.2277 | −0.088% | $3.2M | $2.8M | 75x | as long as short |
| Bitget ARBUSDT | +0.0064% | 8h | 0.2272 | −0.325% | $21.4M | $35.9M | 50x | as long as short |
| BingX ARB-USDC | +0.0067% | 8h | 0.2273 | −0.281% | — | $6.5M | — | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2280 | +0.014% | $149K | $12K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2275 | −0.211% | $1.4M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2278 | −0.057% | $41.5M | $47.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2275 | −0.211% | $709K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2274 | −0.225% | $48K | $184K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2273 | −0.263% | $19.7M | $16.1M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2279 | −0.030% | $40K | $460K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2277 | −0.100% | $487K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2281 | +0.070% | $123K | $295K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2281 | +0.070% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2278 | −0.083% | $291K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2277 | −0.105% | $5.2M | $13.1M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0216% | 1h | 0.2279 | −0.018% | $513K | $2.3M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0235% | 1h | 0.2279 | −0.023% | $1.2M | $4.9M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2272 | −0.339% | $2K | $695 | 20x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0296% / S −0.0186% | 1h | 0.2279 | −0.036% | $932K | — | 150x | as long as short |
| RISEx ARB/USDCshort | +0.0330% | 1h | 0.2275 | −0.207% | $503K | $2.7M | 10x | |
| Backpack ARB_USDC_PERPlong | +0.0489% | 1h | 0.2279 | long leg | $927K | $2.8M | 20x |
dYdX ARB-USD
Gate ARB_USDT
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
BloFin ARB-USDT
Bitget ARBUSDT
BingX ARB-USDC
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
Kraken Futures PF_ARBUSD
Reya ARBRUSDPERP
GMX ARB/USD [ARB-USDC]