Funding you earn now, next payment 23:00 UTC+0.0876%/8h= +95.9% APRnext payment +$1.09 per $10,000 · paid last 24h +0.188%
Price spread now: Backpack against 01 Exchange+0.151%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Backpack is 0.151% dearer against 01 Exchange than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange ARBUSD | 0.2257 | −0.0232 | get 0.0029% / 1h | 1m 35s | $7K | $2K | 10x |
| Short | Backpack ARB_USDC_PERP | 0.2261 | 0.0644 | get 0.0080% / 1h | 1m 35s | $1.0M | $2.7M | 20x |
01 Exchange ARBUSD
Backpack ARB_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against 01 Exchange. 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
- $183.9
- Price spread: +0.151% → 0.000%
- $15.06
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $181.97
- Costs to cover
- 0.170%
- Break-even
- 0.1 days
Slippage unknown: 01 Exchange: no order-book sample; 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 01 Exchange no order-book sample | — | — | — | — | — |
| 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 |
01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.315% | $41K | $372K | 12x | as long as short |
| 01 Exchange ARBUSDlong | −0.0232% | 1h | 0.2257 | long leg | $7K | $2K | 10x | |
| SoDEX ARB-USD | −0.0190% | 1h | 0.2257 | +0.004% | $4K | $2.7M | 5x | as long as short |
| Variational Omni ARB | −0.0176% | 8h | 0.2250 | −0.317% | $1.9M | $2.7M | — | as long as short |
| Bybit ARBUSDT | −0.0158% | 8h | 0.2257 | −0.018% | $58.4M | $130.8M | 50x | as long as short |
| Polymarket Perps ARB-USD | −0.0131% | 1h | 0.2257 | +0.009% | $76K | $2.0M | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0100% | 8h | 0.2257 | −0.004% | $22.6M | $160.0M | 50x | as long as short |
| MEXC ARB_USDT | −0.0099% | 8h | 0.2257 | −0.018% | $37.4M | $63.1M | 200x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0060% | 1h | 0.2258 | +0.053% | $26K | $32K | 25x | as long as short |
| Orderly PERP_ARB_USDC | −0.0040% | 8h | 0.2257 | −0.004% | $11K | $395K | 10x | as long as short |
Injective ARB/USDC PERP
SoDEX ARB-USD
Variational Omni ARB
Bybit ARBUSDT
Polymarket Perps ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Deribit ARB_USDC-PERPETUAL
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | 0.0000% | 8h | 0.2257 | 0.000% | $64.9M | $314.0M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2258 | +0.053% | $67K | $4K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2256 | −0.044% | $358K | $2.3M | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2259 | +0.066% | $56K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0039% | 8h | 0.2256 | −0.031% | $5.5M | $20.8M | 60x | as long as short |
| BingX ARB-USDC | +0.0066% | 8h | 0.2256 | −0.035% | — | $6.5M | — | as long as short |
| Bitget ARBUSDT | +0.0068% | 8h | 0.2256 | −0.049% | $21.3M | $36.8M | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2259 | +0.071% | $148K | $12K | 3x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0084% | 1h | 0.2260 | +0.133% | $1.1M | $5.1M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2259 | +0.080% | $1.4M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2259 | +0.102% | $40.3M | $48.5M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2257 | +0.006% | $702K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2259 | +0.067% | $45K | $192K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2258 | +0.027% | $20.8M | $16.2M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2258 | +0.025% | $40K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2255 | −0.101% | $477K | $3.8M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2258 | +0.040% | $122K | $295K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2260 | +0.128% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2258 | +0.040% | $279K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2257 | −0.004% | $5.2M | $13.3M | 50x | as long as short |
| BloFin ARB-USDT | +0.0120% | 8h | 0.2256 | −0.031% | $3.0M | $3.3M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0264% | 1h | 0.2260 | +0.128% | $510K | $2.3M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0156% | 1h | 0.2259 | +0.064% | $848K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2256 | −0.032% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0363% | 1h | 0.2259 | +0.080% | $501K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERPshort | +0.0644% | 1h | 0.2261 | +0.151% | $1.0M | $2.7M | 20x |
Binance ARBUSDT
dYdX ARB-USD
Extended ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
BingX ARB-USDC
Bitget ARBUSDT
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