Funding you earn now, next payment 23:00 UTC+0.0406%/8h= +44.4% APRnext payment +$0.51 per $10,000 · paid last 24h +2.434%
Price spread now: Backpack against 01 Exchange0.000%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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$12 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange SUSD | 0.03940 | −0.0016 | get 0.0002% / 1h | 41m 32s | $24K | $2K | 5x |
| Short | Backpack S_USDC_PERP | 0.03940 | 0.0390 | get 0.0049% / 1h | 41m 32s | $115K | $300K | 5x |
01 Exchange SUSD
Backpack S_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
- $85.18
- Price spread: 0.000% → 0.000%
- $0
- 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
- $68.18
- Costs to cover
- 0.170%
- Break-even
- 1.4 days
Slippage unknown: 01 Exchange: no order-book sample; Backpack: live order book, 42 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, 42 min ago | 12.71 bp | 32.3 bp −$32 | doesn't fit | 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.
S on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SUSD | −0.1587% | 1h | 0.03937 | −0.064% | $33K | $28K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1576% | 1h | 0.03826 | −2.893% | $47K | $5K | 25x | as long as short |
| Variational Omni S | −0.0862% | 4h | 0.03922 | −0.454% | $611K | $32K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0194% / S +0.0188% | 1h | 0.03942 | +0.041% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03935 | −0.128% | $4 | — | 15x | as long as short |
| 01 Exchange SUSDlong | −0.0016% | 1h | 0.03940 | long leg | $24K | $2K | 5x | |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03940 | +0.009% | $607 | — | 150x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0004% | 1h | 0.03943 | +0.076% | $66K | $10K | 10x | as long as short |
| Orderly PERP_S_USDC | +0.0024% | 4h | 0.03938 | −0.051% | $100K | $348K | 10x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +4.061% | $2K | $37K | 12x | as long as short |
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
Variational Omni S
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
gTrade (Gains Network) S/USD
Deribit S_USDC-PERPETUAL
Orderly PERP_S_USDC
Injective S/USDC PERPShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster SUSDT | +0.0058% | 4h | 0.03937 | −0.080% | $43K | $212K | 10x | as long as short |
| Lighter S | +0.0096% | 1h | 0.03941 | +0.025% | $165K | $222K | 5x | as long as short |
| Hyperliquid S | +0.0100% | 1h | 0.03938 | −0.046% | $988K | $788K | 5x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03937 | −0.070% | $5.4M | $20.4M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03930 | −0.254% | $5.6M | $5.9M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03934 | −0.152% | $982K | $6.4M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03931 | −0.228% | $321K | $265K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03937 | −0.076% | $3.6M | $2.3M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03932 | −0.203% | $1.8M | $3.1M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03938 | −0.051% | $1.2M | $2.7M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03936 | −0.102% | — | $6.7M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03930 | −0.254% | $25K | $466K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03935 | −0.120% | $221K | $881K | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03935 | −0.127% | $268K | $128K | 75x | as long as short |
| Backpack S_USDC_PERPshort | +0.0390% | 1h | 0.03940 | 0.000% | $115K | $300K | 5x |
Aster SUSDT
Lighter S
Hyperliquid S
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
BloFin S-USDT