Funding you earn now, next payment 23:00 UTC+0.0823%/8h= +90.1% APRpaid last 24h +0.090%
Price spread now: Backpack against Variational Omni+0.465%7-day average +0.796% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.138%+$14 on $10k
+Price spread, last 7 days−0.593%−$59 · spread now +0.465%, 7d avg +0.796%
=Together, before fees−0.455%+ Points / potential airdropVariational Omni: Active · farm board−$45 on $10k · with fees, hour by hour
Funding pays, the price is against you. Backpack is 0.331% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.465% now, against its 7-day average of +0.796%). If the spread goes back, that is −$33 on $10k: about 32 hours of funding at the current rate (+$25 a day). At the pace of the last 3 days (+0.138% in total) that is about 7.9 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.138% in total (about 15.3% 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 | Variational Omni ARB | 0.2250 | −0.0176 | get 0.0176% / 8h | 1h 02m | $1.9M | $2.7M | — |
| Short | Backpack ARB_USDC_PERP | 0.2260 | 0.0648 | get 0.0081% / 1h | 2m 28s | $1.1M | $2.7M | 20x |
Variational Omni ARB
Backpack ARB_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Variational Omni. 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
- $172.85
- Price spread: +0.465% → +0.796%
- −$33.09
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $129.76
- Costs to cover
- 0.100%
- Break-even
- 1.7 days
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Backpack: live order book, 2 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 Variational Omni RFQ quote, 2 min ago | 6.64 bp | doesn't fit | 15.5 bp −$155 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 2 min ago | 1.11 bp | 8.7 bp −$9 | 503.6 bp −$5,036 | 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 | 0.2250 | +0.002% | $41K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0232% | 1h | 0.2256 | +0.256% | $7K | $2K | 10x | as long as short |
| SoDEX ARB-USD | −0.0189% | 1h | 0.2256 | +0.291% | $4K | $2.7M | 5x | as long as short |
| Variational Omni ARBlong | −0.0176% | 8h | 0.2250 | long leg | $1.9M | $2.7M | — | |
| Bybit ARBUSDT | −0.0156% | 8h | 0.2257 | +0.305% | $58.4M | $130.8M | 50x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0149% | 1h | 0.2257 | +0.318% | $26K | $32K | 25x | as long as short |
| Polymarket Perps ARB-USD | −0.0131% | 1h | 0.2257 | +0.327% | $76K | $2.0M | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0099% | 8h | 0.2257 | +0.296% | $22.6M | $160.0M | 50x | as long as short |
| MEXC ARB_USDT | −0.0098% | 8h | 0.2257 | +0.300% | $37.4M | $63.1M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0040% | 8h | 0.2256 | +0.269% | $11K | $395K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
SoDEX ARB-USD
Bybit ARBUSDT
Deribit ARB_USDC-PERPETUAL
Polymarket Perps ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | −0.0001% | 8h | 0.2257 | +0.322% | $64.9M | $314.3M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2257 | +0.304% | $67K | $4K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2255 | +0.226% | $358K | $2.3M | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2259 | +0.384% | $56K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0042% | 8h | 0.2257 | +0.331% | $5.5M | $20.8M | 60x | as long as short |
| Bitget ARBUSDT | +0.0069% | 8h | 0.2257 | +0.314% | $21.3M | $36.9M | 50x | as long as short |
| BingX ARB-USDT | +0.0069% | 8h | 0.2257 | +0.314% | — | $53.3M | — | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2258 | +0.369% | $148K | $12K | 3x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0084% | 1h | 0.2258 | +0.369% | $1.1M | $5.1M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2258 | +0.354% | $1.4M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2260 | +0.451% | $40.4M | $48.5M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2258 | +0.349% | $703K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2257 | +0.329% | $45K | $192K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2258 | +0.371% | $20.8M | $16.2M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2253 | +0.156% | $40K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2255 | +0.217% | $477K | $3.8M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2250 | +0.002% | $121K | $294K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2259 | +0.402% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2258 | +0.358% | $279K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2257 | +0.314% | $5.2M | $13.3M | 50x | as long as short |
| BloFin ARB-USDT | +0.0120% | 8h | 0.2256 | +0.287% | $3.0M | $3.3M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0264% | 1h | 0.2259 | +0.402% | $509K | $2.3M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0156% | 1h | 0.2259 | +0.382% | $848K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2256 | +0.286% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0363% | 1h | 0.2258 | +0.356% | $501K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERPshort | +0.0648% | 1h | 0.2260 | +0.465% | $1.1M | $2.7M | 20x |
Binance ARBUSDT
dYdX ARB-USD
Extended ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Bitget ARBUSDT
BingX ARB-USDT
Aevo ARB-PERP
Kraken Futures PF_ARBUSD
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC