Funding you earn now, next payment 22:00 UTC+0.0438%/8h= +48.0% APRnext payment +$0.55 per $10,000 · paid last 24h +0.083%
Price spread now: Backpack against Kraken Futures+0.082%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$590.588% of the position
Funding, last 7 days+0.309%+$31 on $10k
+Price spread, last 3 days (all we have)−2.665%−$266 · spread now +0.082%, 7d avg +0.005%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Backpack is 0.077% dearer against Kraken Futures than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ARBUSD | 0.2213 | −0.0054 | get 0.0007% / 1h | 50m 58s | $1.1M | $5.2M | 50x |
| Short | Backpack ARB_USDC_PERP | 0.2215 | 0.0385 | get 0.0048% / 1h | 50m 58s | $1.1M | $2.8M | 20x |
Kraken Futures PF_ARBUSD
Backpack ARB_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Kraken Futures. 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
- $92.07
- Price spread: +0.082% → +0.005%
- $7.68
- Slippage, 4 orders
- −$38.77
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $40.99
- Costs to cover
- 0.588%
- Break-even
- 3.9 days
Slippage from Kraken Futures: live order book, 3 min ago; Backpack: 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 Kraken Futures live order book, 3 min ago | 7.23 bp | 15.5 bp −$15 | 23.8 bp −$238 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 3 min ago | 3.16 bp | 8.3 bp −$8 | 135.7 bp −$1,357 | 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 | −0.1675% | 1h | 0.2199 | −0.628% | $40K | $107K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0448% | 1h | 0.2209 | −0.167% | $7K | $2K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0247% | 1h | 0.2213 | −0.018% | $36K | $18K | 25x | as long as short |
| Bybit ARBUSDT | −0.0246% | 8h | 0.2210 | −0.108% | $57.5M | $134.8M | 50x | as long as short |
| ApeX Omni ARBUSDT | −0.0239% | 1h | 0.2215 | +0.095% | $120K | $297K | 50x | as long as short |
| Variational Omni ARB | −0.0192% | 8h | 0.2210 | −0.147% | $1.9M | $2.8M | — | as long as short |
| MEXC ARB_USDT | −0.0062% | 8h | 0.2212 | −0.045% | $37.4M | $63.0M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0061% | 8h | 0.2210 | −0.117% | $22.1M | $163.9M | 50x | as long as short |
| Kraken Futures PF_ARBUSDlong | −0.0054% | 1h | 0.2213 | long leg | $1.1M | $5.2M | 50x | |
| Polymarket Perps ARB-USD | −0.0037% | 1h | 0.2211 | −0.085% | $76K | $2.3M | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Deribit ARB_USDC-PERPETUAL
Bybit ARBUSDT
ApeX Omni ARBUSDT
Variational Omni ARB
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Polymarket Perps ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ARB-USD | −0.0022% | 1h | 0.2210 | −0.131% | $4K | $2.9M | 5x | as long as short |
| Orderly PERP_ARB_USDC | −0.0007% | 8h | 0.2211 | −0.085% | $10K | $381K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2211 | −0.085% | $65K | $4K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2211 | −0.084% | $351K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0003% | 8h | 0.2211 | −0.088% | $63.0M | $326.0M | 75x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2212 | −0.028% | $56K | — | 150x | as long as short |
| BloFin ARB-USDT | +0.0011% | 8h | 0.2205 | −0.352% | $3.0M | $3.3M | 75x | as long as short |
| Gate ARB_USDT | +0.0019% | 8h | 0.2212 | −0.054% | $5.5M | $21.5M | 60x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2211 | −0.083% | $145K | $12K | 3x | as long as short |
| BingX ARB-USDT | +0.0081% | 8h | 0.2211 | −0.067% | — | $54.1M | — | as long as short |
| Bitget ARBUSDT | +0.0082% | 8h | 0.2211 | −0.085% | $20.8M | $38.9M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2212 | −0.063% | $1.3M | $7.7M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2214 | +0.055% | $39.7M | $53.0M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2213 | −0.018% | $688K | $1.8M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2212 | −0.060% | $46K | $206K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2212 | −0.027% | $20.3M | $17.2M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2212 | −0.044% | $38K | $449K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2211 | −0.094% | $470K | $4.3M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2213 | +0.005% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2208 | −0.225% | $272K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2212 | −0.040% | $5.3M | $13.8M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0275% / S −0.0168% | 1h | 0.2213 | +0.002% | $811K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2215 | +0.095% | $506K | $2.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2211 | −0.103% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERPshort | +0.0385% | 1h | 0.2215 | +0.082% | $1.1M | $2.8M | 20x | |
| RISEx ARB/USDC | +0.0546% | 1h | 0.2212 | −0.029% | $485K | $2.9M | 10x | as long as short |
SoDEX ARB-USD
Orderly PERP_ARB_USDC
dYdX ARB-USD
Extended ARB-USD
Binance ARBUSDT
gTrade (Gains Network) ARB/USD
BloFin ARB-USDT
Gate ARB_USDT
Aevo ARB-PERP
BingX ARB-USDT
Bitget ARBUSDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
RISEx ARB/USDC