Funding spread now, next payment 15:00 UTC−0.0822%/8h
next payment, per $10,000−$1.03paid, last 24h−0.103%paid, last 5 days−0.305%to open and closeno order book
The current rate is far above what this pair has been paying: over the last 5 days it paid -0.305% in total (about -24.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.03 per $10,000. 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 | 0.2370 | 0.0822 | pay 0.0103% / 1h | 4m 53s | $986K | $3.0M | 20x |
| Short | Deribit ARB_USDC-PERPETUAL | 0.2370 | 0 | get 0.0000% / 1h | 4m 53s | $39K | $19K | 25x |
Backpack ARB_USDC_PERP
Deribit ARB_USDC-PERPETUALFunding history
latest
Range statsloading…
Funding on every exchange
click an exchange to add or hide itlatest
Profit calculator
- Funding earned
- −$172.63
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$189.63
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 1 min ago; Deribit: no order-book sample. Net counts fees only.
Price risk
price view- Price gap now
- +0.008%
- Avg gap 7d
- —
A gap far from its average can cost days of funding.
Backtest
opened in the past, held until now, after costsCost 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, 1 min ago | 2.74 bp | 9.1 bp −$9 | 44.2 bp −$442 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 35 venues
lowest funding first. Swap a leg.| Exchange | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|
| Injective ARB/USDC PERP | −0.1516% | 1h | $60K | $248K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0344% | 1h | $8K | $3K | 10x | as long as short |
| RISEx ARB/USDC | −0.0049% | 1h | $441K | $3.3M | 10x | as long as short |
| Orderly PERP_ARB_USDC | −0.0030% | 8h | $12K | $315K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | $71K | $4K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUALshort | 0.0000% | 1h | $39K | $19K | 25x | |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | $55K | — | 150x | as long as short |
| MEXC ARB_USDT | +0.0034% | 8h | $33.7M | $60.4M | 200x | as long as short |
| OKX ARB-USDT-SWAP | +0.0034% | 8h | $24.8M | $185.3M | 50x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | $714K | $2.2M | 20x | as long as short |
Injective ARB/USDC PERP
RISEx ARB/USDC
Orderly PERP_ARB_USDC
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Aster ARBUSDT
Pacifica ARB
Binance ARBUSDT
Bybit ARBUSDT
Gate ARB_USDT
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDT
Variational Omni ARB
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
SoDEX ARB-USD
HTX ARB-USDT
Phemex ARBUSDT
Extended ARB-USD
Aevo ARB-PERP
Lighter ARB
BloFin ARB-USDT
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Kraken Futures PF_ARBUSD
Coinbase International ARB-PERP-INTX
Hyperliquid ARB