Funding you earn now, next payment 23:00 UTC+0.0644%/8h= +70.5% APRpaid last 24h +0.096%
Price spread now: Backpack against Binance+0.168%7-day average +0.901% · you sell dearer than you buy
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$330.328% of the position
Funding, last 7 days+0.248%+$25 on $10k
+Price spread, last 7 days−0.335%−$33 · spread now +0.168%, 7d avg +0.901%
=Funding pays, the price is against you. Backpack is 0.732% cheaper against Binance than usual: you would sell low and buy high (spread +0.168% now, against its 7-day average of +0.901%). If the spread goes back, that is −$73 on $10k: about 3.8 days of funding at the current rate (+$19 a day). At the pace of the last 7 days (+0.248% in total) that is about 21 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.248% in total (about 12.9% 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 | Binance ARBUSDT | 0.2257 | 0.0000 | get 0.0000% / 8h | 1h 01m | $64.9M | $314.0M | 75x |
| Short | Backpack ARB_USDC_PERP | 0.2261 | 0.0644 | get 0.0080% / 1h | 1m 47s | $1.0M | $2.7M | 20x |
Binance ARBUSDT
Backpack ARB_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Binance. 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
- $135.27
- Price spread: +0.168% → +0.901%
- −$73.22
- Slippage, 4 orders
- −$12.76
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $29.28
- Costs to cover
- 0.328%
- Break-even
- 5.5 days
Slippage from Binance: live order book, 12 min ago; Backpack: 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 Binance live order book, 12 min ago | 0.22 bp | 8.1 bp −$8 | 17.5 bp −$175 | 64.8 bp −$6,481 | doesn't fit |
| Sell Backpack live order book, 2 min ago | 1.11 bp | 8.7 bp −$9 | 503.6 bp −$5,036 | 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 | −0.1770% | 1h | 0.2250 | −0.297% | $41K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0232% | 1h | 0.2256 | −0.044% | $7K | $2K | 10x | as long as short |
| SoDEX ARB-USD | −0.0190% | 1h | 0.2257 | +0.022% | $4K | $2.7M | 5x | as long as short |
| Variational Omni ARB | −0.0176% | 8h | 0.2250 | −0.299% | $1.9M | $2.7M | — | as long as short |
| Bybit ARBUSDT | −0.0158% | 8h | 0.2256 | −0.013% | $58.4M | $130.9M | 50x | as long as short |
| Polymarket Perps ARB-USD | −0.0131% | 1h | 0.2257 | +0.027% | $76K | $2.0M | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0099% | 8h | 0.2257 | +0.018% | $22.6M | $160.0M | 50x | as long as short |
| MEXC ARB_USDT | −0.0099% | 8h | 0.2257 | 0.000% | $37.4M | $63.1M | 200x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0060% | 1h | 0.2258 | +0.071% | $26K | $32K | 25x | as long as short |
| Orderly PERP_ARB_USDC | −0.0040% | 8h | 0.2257 | +0.013% | $11K | $395K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
SoDEX ARB-USD
Variational Omni ARB
Bybit ARBUSDT
Polymarket Perps ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDTlong | 0.0000% | 8h | 0.2257 | long leg | $64.9M | $314.0M | 75x | |
| dYdX ARB-USD | 0.0000% | 1h | 0.2258 | +0.071% | $67K | $4K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2256 | −0.047% | $358K | $2.3M | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2259 | +0.084% | $56K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0042% | 8h | 0.2257 | +0.027% | $5.5M | $20.8M | 60x | as long as short |
| Bitget ARBUSDT | +0.0069% | 8h | 0.2257 | +0.013% | $21.4M | $36.9M | 50x | as long as short |
| BingX ARB-USDT | +0.0069% | 8h | 0.2257 | −0.004% | — | $53.3M | — | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2259 | +0.089% | $148K | $12K | 3x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0084% | 1h | 0.2260 | +0.150% | $1.1M | $5.1M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2259 | +0.097% | $1.4M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2259 | +0.120% | $40.3M | $48.5M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2257 | +0.031% | $703K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2259 | +0.085% | $45K | $192K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2258 | +0.044% | $20.8M | $16.2M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2253 | −0.144% | $40K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2255 | −0.083% | $477K | $3.8M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2250 | −0.297% | $121K | $294K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2260 | +0.146% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2258 | +0.058% | $279K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2257 | +0.013% | $5.2M | $13.3M | 50x | as long as short |
| BloFin ARB-USDT | +0.0120% | 8h | 0.2256 | −0.013% | $3.0M | $3.3M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0264% | 1h | 0.2260 | +0.146% | $510K | $2.3M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0156% | 1h | 0.2259 | +0.082% | $848K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2256 | −0.015% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0363% | 1h | 0.2258 | +0.055% | $501K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERPshort | +0.0644% | 1h | 0.2261 | +0.168% | $1.0M | $2.7M | 20x |
dYdX ARB-USD
Extended ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Bitget ARBUSDT
BingX ARB-USDT
Aevo ARB-PERP
Kraken Futures PF_ARBUSD
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
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC