Funding you earn now, next payment 23:00 UTC+0.0524%/8h= +57.4% APRpaid last 24h +0.083%
Price spread now: Backpack against SunX+0.174%7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$162as in the Funding arb table
Net, price: spread back to 7d avg − costs−$153as in the Price arb table
costs, in and out, $10k−$1731.729% of the position
Funding, last 7 days+0.113%+$11 on $10k
+Price spread, last 3 days (all we have)−1.028%−$103 · spread now +0.174%, 7d avg −0.021%
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Backpack is 0.195% dearer against SunX than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.021%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.113% in total (about 5.9% 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 | SunX ARB-USDT | 0.2240 | 0.0100 | pay 0.0100% / 8h | 1h 39m | $2K | $1.1M | 30x |
| Short | Backpack ARB_USDC_PERP | 0.2244 | 0.0624 | get 0.0078% / 1h | 39m 03s | $1.1M | $2.7M | 20x |
SunX ARB-USDT
Backpack ARB_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against SunX. 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
- $110.08
- Price spread: +0.174% → −0.021%
- $19.49
- Slippage, 4 orders
- −$154.87
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$43.31
- Costs to cover
- 1.729%
- Break-even
- 9.8 days
Slippage from SunX: live order book, 4 min ago; Backpack: live order book, 5 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 SunX live order book, 4 min ago | 31.28 bp | 63.8 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 5 min ago | 0.45 bp | 8.0 bp −$8 | 226.4 bp −$2,264 | 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 | −0.1770% | 1h | 0.2226 | −0.625% | $40K | $283K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0224% | 1h | 0.2237 | −0.125% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0162% | 8h | 0.2236 | −0.161% | $1.9M | $2.8M | — | as long as short |
| Bybit ARBUSDT | −0.0139% | 8h | 0.2239 | −0.040% | $57.7M | $135.7M | 50x | as long as short |
| MEXC ARB_USDT | −0.0101% | 8h | 0.2240 | 0.000% | $37.4M | $62.4M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0100% | 8h | 0.2240 | −0.018% | $22.4M | $163.7M | 50x | as long as short |
| SoDEX ARB-USD | −0.0069% | 1h | 0.2240 | −0.009% | $4K | $2.8M | 5x | as long as short |
| Polymarket Perps ARB-USD | −0.0064% | 1h | 0.2237 | −0.121% | $76K | $2.2M | 10x | as long as short |
| Orderly PERP_ARB_USDC | −0.0027% | 8h | 0.2238 | −0.089% | $10K | $394K | 10x | as long as short |
| Binance ARBUSDT | −0.0011% | 8h | 0.2240 | +0.007% | $63.9M | $322.6M | 75x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Variational Omni ARB
Bybit ARBUSDT
MEXC ARB_USDT
OKX ARB-USDT-SWAP
SoDEX ARB-USD
Polymarket Perps ARB-USD
Orderly PERP_ARB_USDC
Binance ARBUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ARB-USD | −0.0008% | 1h | 0.2238 | −0.070% | $355K | $2.4M | 25x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2238 | −0.103% | $66K | $4K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2239 | −0.040% | $26K | $32K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2239 | −0.054% | $56K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0026% | 8h | 0.2240 | +0.009% | $5.5M | $20.7M | 60x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2239 | −0.049% | $146K | $12K | 3x | as long as short |
| BingX ARB-USDC | +0.0081% | 8h | 0.2240 | −0.022% | — | $6.5M | — | as long as short |
| Bitget ARBUSDT | +0.0082% | 8h | 0.2239 | −0.045% | $21.0M | $38.0M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0085% | 1h | 0.2242 | +0.078% | $1.1M | $5.2M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2241 | +0.040% | $1.3M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2243 | +0.134% | $40.0M | $50.9M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2240 | −0.020% | $696K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2238 | −0.095% | $45K | $197K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2240 | −0.004% | $20.6M | $16.8M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2235 | −0.230% | $40K | $460K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2235 | −0.202% | $481K | $4.0M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2235 | −0.223% | $121K | $294K | 50x | as long as short |
| SunX ARB-USDTlong | +0.0100% | 8h | 0.2240 | long leg | $2K | $1.1M | 30x | |
| HTX ARB-USDT | +0.0100% | 8h | 0.2239 | −0.045% | $276K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2238 | −0.089% | $5.2M | $13.5M | 50x | as long as short |
| BloFin ARB-USDT | +0.0109% | 8h | 0.2240 | +0.004% | $3.0M | $3.3M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0264% | 1h | 0.2243 | +0.129% | $509K | $2.4M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0157% | 1h | 0.2239 | −0.038% | $837K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2238 | −0.111% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0363% | 1h | 0.2240 | −0.018% | $494K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERPshort | +0.0624% | 1h | 0.2244 | +0.174% | $1.1M | $2.7M | 20x |
Extended ARB-USD
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Aevo ARB-PERP
BingX ARB-USDC
Bitget ARBUSDT
Kraken Futures PF_ARBUSD
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC