Funding you earn now, next payment 04:00 UTC+0.0494%/8h= +54.1% APRnext payment +$0.62 per $10,000 · paid last 24h +0.111%
Price spread now: Backpack against Pacifica+0.035%7-day average +0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$420.415% of the position
Funding, last 7 days+0.144%+$14 on $10k
+Price spread, last 4 days (all we have)−0.410%−$41 · spread now +0.035%, 7d avg +0.050%
=Together, before fees−0.266%+ Points / potential airdropPacifica: Active · farm board−$27 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.050%, so right now this pair is about funding alone: +$15 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.144% in total (about 7.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.62 per $10,000. 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 | Pacifica ARB | 0.2200 | 0.0100 | pay 0.0013% / 1h | 32m 27s | $42K | $169K | 10x |
| Short | Backpack ARB_USDC_PERP | 0.2201 | 0.0594 | get 0.0074% / 1h | 32m 27s | $991K | $2.8M | 20x |
Pacifica ARB
Backpack ARB_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Pacifica. 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
- $103.79
- Price spread: +0.035% → +0.050%
- −$1.41
- Slippage, 4 orders
- −$23.52
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $60.86
- Costs to cover
- 0.415%
- Break-even
- 2.9 days
Slippage from Pacifica: live order book, 25 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 Pacifica live order book, 25 min ago | 5.68 bp | 10.0 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 2 min ago | 1.59 bp | 8.1 bp −$8 | 241.5 bp −$2,415 | 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 | −0.1649% | 1h | 0.2179 | −0.969% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0176% | 1h | 0.2198 | −0.101% | $7K | $2K | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0137% | 8h | 0.2200 | −0.015% | $22.1M | $148.4M | 50x | as long as short |
| MEXC ARB_USDT | −0.0136% | 8h | 0.2199 | −0.051% | $42.0M | $60.7M | 200x | as long as short |
| Polymarket Perps ARB-USD | −0.0135% | 1h | 0.2200 | −0.033% | $89K | $2.2M | 10x | as long as short |
| Variational Omni ARB | −0.0112% | 8h | 0.2184 | −0.743% | $1.8M | $2.9M | — | as long as short |
| Orderly PERP_ARB_USDC | −0.0076% | 8h | 0.2196 | −0.196% | $12K | $395K | 10x | as long as short |
| Gate ARB_USDT | −0.0076% | 8h | 0.2200 | −0.010% | $5.3M | $18.8M | 60x | as long as short |
| Bybit ARBUSDT | −0.0034% | 8h | 0.2200 | −0.033% | $55.6M | $126.9M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0006% | 1h | 0.2197 | −0.139% | $1.1M | $4.4M | 50x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Polymarket Perps ARB-USD
Variational Omni ARB
Orderly PERP_ARB_USDC
Gate ARB_USDT
Bybit ARBUSDT
Kraken Futures PF_ARBUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2200 | +0.004% | $65K | $5K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2198 | −0.115% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2196 | −0.192% | $32K | — | 150x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2197 | −0.145% | $350K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0012% | 8h | 0.2199 | −0.038% | $63.9M | $307.3M | 75x | as long as short |
| BloFin ARB-USDT | +0.0035% | 8h | 0.2197 | −0.151% | $3.1M | $2.6M | 75x | as long as short |
| SoDEX ARB-USD | +0.0052% | 1h | 0.2197 | −0.151% | $10K | $2.3M | 5x | as long as short |
| BingX ARB-USDT | +0.0063% | 8h | 0.2199 | −0.060% | — | $53.9M | — | as long as short |
| Bitget ARBUSDT | +0.0065% | 8h | 0.2199 | −0.060% | $20.9M | $34.9M | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2197 | −0.164% | $139K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2200 | −0.010% | $1.2M | $5.7M | 15x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2196 | −0.196% | $4.9M | $13.0M | 50x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2201 | +0.049% | $37.9M | $48.8M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2201 | +0.049% | $634K | $1.6M | 20x | as long as short |
| Pacifica ARBlong | +0.0100% | 1h | 0.2200 | long leg | $42K | $169K | 10x | |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2200 | +0.004% | $19.5M | $15.0M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2190 | −0.491% | $39K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2191 | −0.436% | $474K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2191 | −0.424% | $118K | $284K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2199 | −0.060% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2197 | −0.151% | $298K | $952K | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2197 | −0.151% | $491K | $1.9M | 50x | as long as short |
| RISEx ARB/USDC | +0.0225% | 1h | 0.2199 | −0.043% | $461K | $2.6M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0157% | 1h | 0.2196 | −0.194% | $823K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2199 | −0.039% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERPshort | +0.0594% | 1h | 0.2201 | +0.035% | $991K | $2.8M | 20x |
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
BloFin ARB-USDT
SoDEX ARB-USD
BingX ARB-USDT
Bitget ARBUSDT
Aevo ARB-PERP
Lighter ARB
Phemex ARBUSDT
Hyperliquid ARB
Aster ARBUSDT
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Coinbase International ARB-PERP-INTX
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP