Funding you earn now, next payment 01:00 UTC−0.0490%/8h= −53.6% APRpaid last 24h −0.094%
Price spread now: SunX against Backpack−0.197%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$182as in the Funding arb table
Net, price: spread back to 7d avg − costs−$191as in the Price arb table
costs, in and out, $10k−$1691.695% of the position
Funding, last 7 days−0.124%−$12 on $10k
+Price spread, last 3 days (all we have)+0.723%+$72 · spread now −0.197%, 7d avg +0.015%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and SunX is 0.212% cheaper against Backpack than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.015%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.124% in total (about -6.5% 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 | 0.2284 | 0.0590 | pay 0.0074% / 1h | 19m 52s | $1.0M | $2.8M | 20x |
| Short | SunX ARB-USDT | 0.2280 | 0.0100 | get 0.0100% / 8h | 7h 19m | $1K | $1.1M | 30x |
Backpack ARB_USDC_PERP
SunX ARB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$102.85
- Price spread: −0.197% → +0.015%
- −$21.21
- Slippage, 4 orders
- −$151.47
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$293.53
- Costs to cover
- 1.695%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 4 min ago; SunX: live order book, 3 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, 4 min ago | 2.85 bp | 11.2 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 3 min ago | 30.76 bp | 90.5 bp −$90 | 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 | −0.1666% | 1h | 0.2261 | −1.029% | $41K | $372K | 12x | as long as short |
| Variational Omni ARB | −0.0201% | 8h | 0.2267 | −0.785% | $2.0M | $2.8M | — | as long as short |
| 01 Exchange ARBUSD | −0.0152% | 1h | 0.2280 | −0.201% | $7K | $2K | 10x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0136% | 1h | 0.2280 | −0.210% | $1.1M | $4.9M | 50x | as long as short |
| MEXC ARB_USDT | −0.0112% | 8h | 0.2279 | −0.241% | $39.2M | $59.2M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0111% | 8h | 0.2279 | −0.254% | $23.0M | $158.9M | 50x | as long as short |
| Bybit ARBUSDT | −0.0088% | 8h | 0.2274 | −0.473% | $58.9M | $126.7M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0049% | 8h | 0.2279 | −0.241% | $13K | $387K | 10x | as long as short |
| SoDEX ARB-USD | −0.0038% | 1h | 0.2278 | −0.280% | $4K | $2.5M | 5x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2277 | −0.313% | $67K | $4K | 10x | as long as short |
Injective ARB/USDC PERP
Variational Omni ARB
01 Exchange ARBUSD
Kraken Futures PF_ARBUSD
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Bybit ARBUSDT
Orderly PERP_ARB_USDC
SoDEX ARB-USD
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 | 0.2279 | −0.254% | $25K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2280 | −0.218% | $33K | — | 150x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2278 | −0.279% | $366K | $2.6M | 25x | as long as short |
| Binance ARBUSDT | +0.0011% | 8h | 0.2276 | −0.371% | $67.1M | $310.2M | 75x | as long as short |
| BloFin ARB-USDT | +0.0038% | 8h | 0.2272 | −0.565% | $3.1M | $2.9M | 75x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2285 | +0.022% | $145K | $7K | 3x | as long as short |
| BingX ARB-USDC | +0.0081% | 8h | 0.2278 | −0.306% | — | $6.5M | — | as long as short |
| Bitget ARBUSDT | +0.0087% | 8h | 0.2280 | −0.197% | $21.8M | $35.7M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2280 | −0.210% | $1.4M | $7.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2283 | −0.061% | $41.4M | $47.3M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2280 | −0.197% | $709K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2273 | −0.492% | $45K | $185K | 10x | as long as short |
| Gate ARB_USDT | +0.0100% | 8h | 0.2280 | −0.201% | $5.5M | $19.8M | 60x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2281 | −0.153% | $19.8M | $15.8M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2275 | −0.408% | $41K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2272 | −0.526% | $482K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2278 | −0.285% | $123K | $296K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2281 | −0.171% | $65K | $2.0M | 10x | as long as short |
| SunX ARB-USDTshort | +0.0100% | 8h | 0.2280 | −0.197% | $1K | $1.1M | 30x | |
| HTX ARB-USDT | +0.0100% | 8h | 0.2280 | −0.197% | $299K | $981K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2278 | −0.285% | $5.2M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0232% | 1h | 0.2274 | −0.460% | $513K | $2.3M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0288% / S −0.0175% | 1h | 0.2279 | −0.239% | $902K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2277 | −0.347% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0384% | 1h | 0.2280 | −0.175% | $520K | $2.6M | 10x | as long as short |
| Backpack ARB_USDC_PERPlong | +0.0590% | 1h | 0.2284 | long leg | $1.0M | $2.8M | 20x |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
BloFin ARB-USDT
Aevo ARB-PERP
BingX ARB-USDC
Bitget ARBUSDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
Gate ARB_USDT
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC