Funding you earn now, next payment 02:00 UTC+0.0057%/8h= +6.2% APRnext payment +$0.07 per $10,000 · paid last 24h +0.075%
Price spread now: Backpack against RISEx+0.084%7-day average +0.725% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$260.265% of the position
Funding, last 3 days (all we have)−0.144%−$14 on $10k
+Price spread, last 5 days (all we have)+1.556%+$156 · spread now +0.084%, 7d avg +0.725%
=Funding pays, the price is against you. Backpack is 0.642% cheaper against RISEx than usual: you would sell low and buy high (spread +0.084% now, against its 7-day average of +0.725%). If the spread goes back, that is −$64 on $10k: about 38 days of funding at the current rate (+$2 a day). Mind the row above: over the last 3 days funding on this pair cost −0.144%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx ARB/USDC | 0.2214 | 0.0466 | pay 0.0058% / 1h | 29m 56s | $469K | $2.6M | 10x |
| Short | Backpack ARB_USDC_PERP | 0.2216 | 0.0523 | get 0.0065% / 1h | 29m 56s | $998K | $2.9M | 20x |
RISEx ARB/USDC
Backpack ARB_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against RISEx. 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
- $11.91
- Price spread: +0.084% → +0.725%
- −$64.18
- Slippage, 4 orders
- −$10.48
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$78.75
- Costs to cover
- 0.265%
- Break-even
- 53.3 days
Slippage from RISEx: 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 RISEx live order book, 4 min ago | 1.80 bp | 4.8 bp −$5 | 17.1 bp −$171 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 4 min ago | 0.90 bp | 7.3 bp −$7 | 299.9 bp −$2,999 | doesn't fit | doesn't fit |
ARB on 35 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 | −0.1692% | 1h | 0.2208 | −0.278% | $40K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0240% | 1h | 0.2212 | −0.084% | $7K | $2K | 10x | as long as short |
| SoDEX ARB-USD | −0.0209% | 1h | 0.2213 | −0.075% | $10K | $2.5M | 5x | as long as short |
| Variational Omni ARB | −0.0172% | 8h | 0.2211 | −0.146% | $1.9M | $2.9M | — | as long as short |
| ApeX Omni ARBUSDT | −0.0156% | 1h | 0.2226 | +0.535% | $120K | $296K | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0113% | 8h | 0.2212 | −0.115% | $22.3M | $156.9M | 50x | as long as short |
| MEXC ARB_USDT | −0.0113% | 8h | 0.2212 | −0.097% | $40.1M | $59.6M | 200x | as long as short |
| Bybit ARBUSDT | −0.0066% | 8h | 0.2212 | −0.106% | $56.7M | $129.0M | 50x | as long as short |
| Gate ARB_USDT | −0.0063% | 8h | 0.2213 | −0.043% | $5.4M | $19.8M | 60x | as long as short |
| Orderly PERP_ARB_USDC | −0.0059% | 8h | 0.2212 | −0.097% | $12K | $381K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
SoDEX ARB-USD
Variational Omni ARB
ApeX Omni ARBUSDT
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Bybit ARBUSDT
Gate ARB_USDT
Orderly PERP_ARB_USDCShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | −0.0001% | 8h | 0.2213 | −0.064% | $64.5M | $318.2M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2213 | −0.059% | $65K | $5K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2212 | −0.109% | $353K | $2.5M | 25x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2213 | −0.047% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0011% | 1h | 0.2213 | −0.046% | $10K | — | 150x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2213 | −0.052% | $140K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2213 | −0.065% | $1.2M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2213 | −0.052% | $38.2M | $51.2M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2212 | −0.093% | $659K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2214 | −0.002% | $42K | $188K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2213 | −0.038% | $19.6M | $15.8M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2212 | −0.097% | $21.2M | $36.3M | 50x | as long as short |
| BingX ARB-USDC | +0.0100% | 8h | 0.2212 | −0.088% | — | $6.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2225 | +0.479% | $40K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2219 | +0.213% | $480K | $3.7M | 10x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2213 | −0.065% | $76K | $2.1M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2213 | −0.052% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2212 | −0.093% | $297K | $1.0M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2213 | −0.052% | $5.0M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0240% | 1h | 0.2215 | +0.038% | $507K | $2.1M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2214 | −0.018% | $826K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2211 | −0.123% | $2K | $695 | 20x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0312% | 1h | 0.2214 | −0.025% | $1.1M | $4.7M | 50x | as long as short |
| RISEx ARB/USDClong | +0.0466% | 1h | 0.2214 | long leg | $469K | $2.6M | 10x | |
| Backpack ARB_USDC_PERPshort | +0.0523% | 1h | 0.2216 | +0.084% | $998K | $2.9M | 20x |
Binance ARBUSDT
dYdX ARB-USD
Extended ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDC
edgeX ARBUSDC
GRVT ARB_USDT_Perp
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Kraken Futures PF_ARBUSD