Funding you earn now, next payment 08:00 UTC+0.0356%/8h= +39.0% APRpaid last 24h +0.130%
Price spread now: Backpack against BloFin+0.165%7-day average +0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$400.400% of the position
Funding, last 7 days+0.139%+$14 on $10k
+Price spread, last 4 days (all we have)−0.425%−$42 · spread now +0.165%, 7d avg +0.079%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Backpack is 0.086% dearer against BloFin than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.079%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.139% in total (about 7.2% 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 | BloFin ARB-USDT | 0.2180 | 0.0117 | pay 0.0117% / 8h | 14m 37s | $3.0M | $2.3M | 75x |
| Short | Backpack ARB_USDC_PERP | 0.2183 | 0.0473 | get 0.0059% / 1h | 14m 37s | $980K | $2.9M | 20x |
BloFin ARB-USDT
Backpack ARB_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against BloFin. 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
- $74.71
- Price spread: +0.165% → +0.079%
- $8.6
- Slippage, 4 orders
- −$17.97
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $43.35
- Costs to cover
- 0.400%
- Break-even
- 2.9 days
Slippage from BloFin: live order book, 4 min ago; Backpack: live order book, 4 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 BloFin live order book, 4 min ago | 2.75 bp | 11.5 bp −$12 | 17.3 bp −$173 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 4 min ago | 1.38 bp | 9.4 bp −$9 | 222.2 bp −$2,222 | 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 | −0.1612% | 1h | 0.2172 | −0.353% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0192% | 1h | 0.2180 | +0.037% | $7K | $236 | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0079% | 8h | 0.2181 | +0.050% | $21.9M | $144.3M | 50x | as long as short |
| MEXC ARB_USDT | −0.0079% | 8h | 0.2182 | +0.128% | $41.7M | $62.7M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0044% | 8h | 0.2178 | −0.078% | $13K | $403K | 10x | as long as short |
| SoDEX ARB-USD | −0.0008% | 1h | 0.2179 | −0.014% | $9K | $2.2M | 5x | as long as short |
| Binance ARBUSDT | −0.0003% | 8h | 0.2182 | +0.126% | $62.6M | $299.8M | 75x | as long as short |
| Polymarket Perps ARB-USD | −0.0001% | 1h | 0.2179 | −0.037% | $76K | $2.1M | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2183 | +0.134% | $65K | $4K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2180 | +0.020% | $347K | $3.1M | 25x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Orderly PERP_ARB_USDC
SoDEX ARB-USD
Binance ARBUSDT
Polymarket Perps ARB-USD
dYdX ARB-USD
Extended 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 | 0.2180 | +0.023% | $28K | $38K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0007% | 1h | 0.2180 | +0.033% | $69K | — | 150x | as long as short |
| Variational Omni ARB | +0.0016% | 8h | 0.2180 | +0.023% | $1.8M | $3.0M | — | as long as short |
| Gate ARB_USDT | +0.0019% | 8h | 0.2182 | +0.087% | $5.4M | $18.5M | 60x | as long as short |
| Bybit ARBUSDT | +0.0022% | 8h | 0.2181 | +0.073% | $53.2M | $125.9M | 50x | as long as short |
| RISEx ARB/USDC | +0.0069% | 1h | 0.2182 | +0.101% | $500K | $2.7M | 10x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2181 | +0.045% | $138K | $7K | 3x | as long as short |
| BingX ARB-USDC | +0.0085% | 8h | 0.2181 | +0.060% | — | $6.5M | — | as long as short |
| Bitget ARBUSDT | +0.0088% | 8h | 0.2182 | +0.106% | $21.1M | $34.6M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0093% | 1h | 0.2181 | +0.047% | $1.1M | $4.3M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2182 | +0.101% | $1.3M | $5.5M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2184 | +0.184% | $36.8M | $49.6M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2183 | +0.166% | $625K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2183 | +0.146% | $43K | $147K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2182 | +0.119% | $19.4M | $13.9M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2182 | +0.092% | $39K | $466K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2176 | −0.188% | $467K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2174 | −0.262% | $117K | $279K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2182 | +0.106% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2182 | +0.101% | $292K | $839K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2181 | +0.060% | $4.8M | $12.7M | 50x | as long as short |
| BloFin ARB-USDTlong | +0.0117% | 8h | 0.2180 | long leg | $3.0M | $2.3M | 75x | |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2180 | +0.006% | $823K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2178 | −0.079% | $2K | $695 | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0336% | 1h | 0.2188 | +0.381% | $513K | $1.5M | 50x | as long as short |
| Backpack ARB_USDC_PERPshort | +0.0473% | 1h | 0.2183 | +0.165% | $980K | $2.9M | 20x |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Variational Omni ARB
Gate ARB_USDT
Bybit ARBUSDT
RISEx ARB/USDC
Aevo ARB-PERP
BingX ARB-USDC
Bitget ARBUSDT
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
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Coinbase International ARB-PERP-INTX