Funding you earn now, next payment 00:00 UTC+0.0375%/8h= +41.0% APRpaid last 24h +0.089%
Price spread now: Backpack against edgeX−0.194%7-day average +0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$600.602% of the position
Funding, last 7 days+0.119%+$12 on $10k
+Price spread, last 3 days (all we have)−0.033%−$3 · spread now −0.194%, 7d avg +0.070%
=Together, before fees+0.086%+ Points / potential airdropedgeX: Active · farm board+$9 on $10k · with fees, hour by hour
Funding pays, the price is against you. Backpack is 0.263% cheaper against edgeX than usual: you would sell low and buy high (spread −0.194% now, against its 7-day average of +0.070%). If the spread goes back, that is −$26 on $10k: about 2.3 days of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.119% in total) that is about 15 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.119% in total (about 6.2% 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 | edgeX ARBUSDC | 0.2274 | 0.0100 | pay 0.0050% / 4h | 12m 11s | $40K | $464K | 20x |
| Short | Backpack ARB_USDC_PERP | 0.2270 | 0.0475 | get 0.0059% / 1h | 12m 11s | $1.0M | $2.9M | 20x |
edgeX ARBUSDC
Backpack ARB_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against edgeX. 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
- $78.67
- Price spread: −0.194% → +0.070%
- −$26.34
- Slippage, 4 orders
- −$41.24
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$7.91
- Costs to cover
- 0.602%
- Break-even
- 7.7 days
Slippage from edgeX: live order book, 1 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 edgeX live order book, 1 min ago | 13.23 bp | 21.7 bp −$22 | 82.9 bp −$829 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 2 min ago | 1.32 bp | 8.2 bp −$8 | 426.9 bp −$4,269 | 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 | 0.2260 | −0.625% | $41K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0249% | 1h | 0.2268 | −0.277% | $68K | $2.0M | 10x | as long as short |
| 01 Exchange ARBUSD | −0.0192% | 1h | 0.2267 | −0.334% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0186% | 8h | 0.2268 | −0.285% | $2.0M | $2.8M | — | as long as short |
| Bybit ARBUSDT | −0.0172% | 8h | 0.2267 | −0.304% | $58.4M | $128.2M | 50x | as long as short |
| SoDEX ARB-USD | −0.0160% | 1h | 0.2267 | −0.326% | $4K | $2.6M | 5x | as long as short |
| OKX ARB-USDT-SWAP | −0.0110% | 8h | 0.2268 | −0.264% | $22.9M | $159.7M | 50x | as long as short |
| MEXC ARB_USDT | −0.0109% | 8h | 0.2268 | −0.290% | $38.5M | $60.1M | 200x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0103% | 1h | 0.2268 | −0.255% | $26K | $32K | 25x | as long as short |
| Orderly PERP_ARB_USDC | −0.0040% | 8h | 0.2268 | −0.273% | $13K | $394K | 10x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
01 Exchange ARBUSD
Variational Omni ARB
Bybit ARBUSDT
SoDEX 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ARB_USDT | −0.0007% | 8h | 0.2268 | −0.268% | $5.5M | $20.3M | 60x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2268 | −0.268% | $67K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2270 | −0.207% | $56K | — | 150x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2267 | −0.306% | $361K | $2.3M | 25x | as long as short |
| Binance ARBUSDT | +0.0010% | 8h | 0.2268 | −0.290% | $66.7M | $313.6M | 75x | as long as short |
| BloFin ARB-USDT | +0.0053% | 8h | 0.2268 | −0.290% | $3.1M | $2.8M | 75x | as long as short |
| Bitget ARBUSDT | +0.0056% | 8h | 0.2267 | −0.317% | $21.4M | $35.9M | 50x | as long as short |
| BingX ARB-USDT | +0.0059% | 8h | 0.2268 | −0.277% | — | $54.1M | — | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2269 | −0.213% | $148K | $12K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2269 | −0.224% | $1.4M | $7.5M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2271 | −0.132% | $41.1M | $47.7M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2269 | −0.226% | $707K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2269 | −0.212% | $47K | $184K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2268 | −0.255% | $19.7M | $16.1M | 75x | as long as short |
| edgeX ARBUSDClong | +0.0100% | 4h | 0.2274 | long leg | $40K | $464K | 20x | |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2265 | −0.405% | $486K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2275 | +0.035% | $123K | $295K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2270 | −0.185% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2267 | −0.299% | $292K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2268 | −0.273% | $5.2M | $13.1M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0216% | 1h | 0.2274 | −0.009% | $513K | $2.3M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0236% | 1h | 0.2269 | −0.224% | $1.1M | $4.9M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2267 | −0.327% | $2K | $695 | 20x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0296% / S −0.0186% | 1h | 0.2269 | −0.224% | $927K | — | 150x | as long as short |
| RISEx ARB/USDC | +0.0330% | 1h | 0.2270 | −0.189% | $516K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERPshort | +0.0475% | 1h | 0.2270 | −0.194% | $1.0M | $2.9M | 20x |
Gate ARB_USDT
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
BloFin ARB-USDT
Bitget ARBUSDT
BingX ARB-USDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
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]
RISEx ARB/USDC