Funding you earn now, next payment 05:00 UTC−0.0526%/8h= −57.6% APRpaid last 24h −0.115%
Price spread now: BingX against Backpack−0.326%7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$310.311% of the position
Funding, last 7 days−0.198%−$20 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and BingX is 0.326% cheaper against Backpack than usual: you would sell low and buy high (−$33 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.198% in total (about -10.3% 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 | Backpack ARB_USDC_PERP | 0.2208 | 0.0587 | pay 0.0073% / 1h | 54m 45s | $994K | $2.8M | 20x |
| Short | BingX ARB-USDT | 0.2200 | 0.0061 | get 0.0061% / 8h | 3h 54m | — | $53.6M | — |
Backpack ARB_USDC_PERP
BingX ARB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Backpack. 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
- −$110.46
- Price spread: −0.326% → 0.000%
- −$32.62
- Slippage, 4 orders
- −$11.15
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$174.22
- Costs to cover
- 0.311%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 4 min ago; BingX: live order book, 9 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 Backpack live order book, 4 min ago | 0.68 bp | 10.4 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 0.23 bp | 5.2 bp −$5 | 6.1 bp −$61 | 13.5 bp −$1,351 | 41.9 bp −$20.9K |
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 | −0.1589% | 1h | 0.2188 | −0.883% | $39K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0270% | 1h | 0.2202 | −0.272% | $81K | $2.1M | 10x | as long as short |
| MEXC ARB_USDT | −0.0116% | 8h | 0.2200 | −0.322% | $42.3M | $60.2M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0116% | 8h | 0.2200 | −0.340% | $22.2M | $144.3M | 50x | as long as short |
| Variational Omni ARB | −0.0097% | 8h | 0.2199 | −0.387% | $1.8M | $2.9M | — | as long as short |
| 01 Exchange ARBUSD | −0.0096% | 1h | 0.2201 | −0.313% | $7K | $2K | 10x | as long as short |
| Orderly PERP_ARB_USDC | −0.0073% | 8h | 0.2204 | −0.159% | $12K | $403K | 10x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0050% | 1h | 0.2204 | −0.142% | $1.1M | $4.4M | 50x | as long as short |
| Bybit ARBUSDT | −0.0040% | 8h | 0.2200 | −0.335% | $55.4M | $124.2M | 50x | as long as short |
| Gate ARB_USDT | −0.0030% | 8h | 0.2200 | −0.317% | $5.3M | $18.0M | 60x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Variational Omni ARB
01 Exchange ARBUSD
Orderly PERP_ARB_USDC
Kraken Futures PF_ARBUSD
Bybit ARBUSDT
Gate ARB_USDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2199 | −0.389% | $65K | $5K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2205 | −0.122% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2204 | −0.139% | $32K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0021% | 8h | 0.2201 | −0.275% | $63.9M | $300.4M | 75x | as long as short |
| Extended ARB-USD | +0.0024% | 1h | 0.2200 | −0.359% | $350K | $2.5M | 25x | as long as short |
| SoDEX ARB-USD | +0.0056% | 1h | 0.2203 | −0.195% | $10K | $2.2M | 5x | as long as short |
| Bitget ARBUSDT | +0.0060% | 8h | 0.2200 | −0.340% | $20.9M | $34.1M | 50x | as long as short |
| BingX ARB-USDTshort | +0.0061% | 8h | 0.2200 | −0.326% | — | $53.6M | — | |
| BloFin ARB-USDT | +0.0084% | 8h | 0.2203 | −0.195% | $3.1M | $2.5M | 75x | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2205 | −0.113% | $140K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2204 | −0.177% | $1.2M | $5.5M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2202 | −0.258% | $37.7M | $48.3M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2203 | −0.204% | $634K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2199 | −0.366% | $42K | $163K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2202 | −0.240% | $19.6M | $14.8M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2200 | −0.354% | $38K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2201 | −0.282% | $467K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2199 | −0.385% | $119K | $284K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2206 | −0.068% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2205 | −0.131% | $299K | $900K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2203 | −0.204% | $5.0M | $12.8M | 50x | as long as short |
| RISEx ARB/USDC | +0.0118% | 1h | 0.2200 | −0.318% | $482K | $2.6M | 10x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0256% | 1h | 0.2202 | −0.249% | $492K | $1.8M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2204 | −0.173% | $831K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2202 | −0.249% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERPlong | +0.0587% | 1h | 0.2208 | long leg | $994K | $2.8M | 20x |
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
SoDEX ARB-USD
Bitget ARBUSDT
BloFin ARB-USDT
Aevo ARB-PERP
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
RISEx ARB/USDC
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP