ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0611%/8h= +66.9% APRnext payment +$0.76 per $10,000 · paid last 24h +0.111%

Price spread now: Backpack against gTrade (Gains Network)−0.053%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Backpack is 0.053% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.053% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 7 hours of funding at the current rate (+$18 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ARB/USD	0.2238	L +0.0005% / S −0.0005%	pay 0.0001% / 1h	23m 17s	$56K	—	150x
Short	Backpack ARB_USDC_PERP	0.2236	0.0616	get 0.0077% / 1h	23m 17s	$1.1M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee BackpackbpOrdersPrice spread, now −0.053%Rate

Funding earned: $128.32
Price spread: −0.053% → 0.000%: −$5.32
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: $103
Costs to cover: 0.200%
Break-even: 1.4 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Backpack: live order book, 1 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Backpack live order book, 1 min ago	2.68 bp	10.2 bp −$10	506.9 bp −$5,069	doesn't fit	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.2224	−0.612%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0232%	1h	0.2236	−0.062%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0189%	1h	0.2237	−0.040%	$4K	$2.8M	5x	as long as short
Variational Omni ARB	−0.0164%	8h	0.2235	−0.108%	$1.9M	$2.8M	—	as long as short
Bybit ARBUSDT	−0.0148%	8h	0.2236	−0.084%	$57.7M	$133.4M	50x	as long as short
Polymarket Perps ARB-USD	−0.0127%	1h	0.2236	−0.076%	$72K	$2.0M	10x	as long as short
OKX ARB-USDT-SWAP	−0.0104%	8h	0.2237	−0.040%	$22.5M	$161.0M	50x	as long as short
MEXC ARB_USDT	−0.0103%	8h	0.2236	−0.062%	$37.3M	$62.6M	200x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0063%	1h	0.2238	+0.009%	$26K	$32K	25x	as long as short
Orderly PERP_ARB_USDC	−0.0035%	8h	0.2236	−0.076%	$11K	$393K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	−0.0010%	8h	0.2237	−0.040%	$63.9M	$317.4M	75x	as long as short
Extended ARB-USD	−0.0008%	1h	0.2236	−0.095%	$356K	$2.4M	25x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2236	−0.090%	$66K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USDlong	L +0.0005% / S −0.0005%	1h	0.2238	long leg	$56K	—	150x
Gate ARB_USDT	+0.0028%	8h	0.2237	−0.049%	$5.5M	$20.7M	60x	as long as short
Bitget ARBUSDT	+0.0071%	8h	0.2236	−0.076%	$20.9M	$37.2M	50x	as long as short
BingX ARB-USDC	+0.0077%	8h	0.2235	−0.107%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2238	+0.004%	$146K	$12K	3x	as long as short
Kraken Futures PF_ARBUSD	+0.0085%	1h	0.2239	+0.044%	$1.1M	$5.1M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2238	+0.027%	$1.3M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2240	+0.099%	$40.0M	$50.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2237	−0.031%	$695K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2235	−0.102%	$44K	$193K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2238	0.000%	$20.6M	$16.5M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2235	−0.131%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2235	−0.120%	$485K	$3.9M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2235	−0.120%	$121K	$294K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2238	+0.014%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2237	−0.031%	$276K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2237	−0.031%	$5.2M	$13.5M	50x	as long as short
BloFin ARB-USDT	+0.0110%	8h	0.2238	+0.027%	$3.0M	$3.3M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0264%	1h	0.2238	+0.014%	$505K	$2.3M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0274% / S −0.0156%	1h	0.2238	+0.017%	$839K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2236	−0.089%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0363%	1h	0.2238	+0.025%	$495K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERPshort	+0.0616%	1h	0.2236	−0.053%	$1.1M	$2.7M	20x