Funding you earn now, next payment 02:00 UTC−0.0542%/8h= −59.4% APRnext payment −$0.68 per $10,000 · paid last 24h −0.130%
Price spread now: dYdX against Backpack+0.189%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.340%−$34 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. dYdX is 0.189% dearer against Backpack than usual: you sell high and buy low (spread +0.189% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 28 hours. At the pace of the last 7 days (−0.340% in total) that is about 3.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.340% in total (about -17.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.68 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 | 0.2220 | 0.0542 | pay 0.0068% / 1h | 21m 03s | $1.0M | $2.9M | 20x |
| Short | dYdX ARB-USD | 0.2224 | 0 | get 0.0000% / 1h | 21m 03s | $66K | $5K | 10x |
Backpack ARB_USDC_PERP
dYdX ARB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$113.85
- Price spread: +0.189% → 0.000%
- $18.92
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$114.93
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 3 min ago; dYdX: no order-book sample. 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 Backpack live order book, 3 min ago | 1.79 bp | 10.3 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: 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: 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 | −0.1692% | 1h | 0.2215 | −0.212% | $40K | $372K | 12x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0291% | 1h | 0.2217 | −0.104% | $24K | $34K | 25x | as long as short |
| 01 Exchange ARBUSD | −0.0232% | 1h | 0.2221 | +0.077% | $7K | $2K | 10x | as long as short |
| SoDEX ARB-USD | −0.0229% | 1h | 0.2218 | −0.095% | $10K | $2.5M | 5x | as long as short |
| Variational Omni ARB | −0.0167% | 8h | 0.2218 | −0.088% | $1.9M | $2.9M | — | as long as short |
| MEXC ARB_USDT | −0.0124% | 8h | 0.2217 | −0.117% | $39.4M | $60.2M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0123% | 8h | 0.2215 | −0.234% | $22.4M | $156.5M | 50x | as long as short |
| Gate ARB_USDT | −0.0072% | 8h | 0.2217 | −0.126% | $5.4M | $19.9M | 60x | as long as short |
| Orderly PERP_ARB_USDC | −0.0061% | 8h | 0.2218 | −0.077% | $12K | $383K | 10x | as long as short |
| Bybit ARBUSDT | −0.0054% | 8h | 0.2215 | −0.212% | $56.7M | $128.6M | 50x | as long as short |
Injective ARB/USDC PERP
Deribit ARB_USDC-PERPETUAL
01 Exchange ARBUSD
SoDEX ARB-USD
Variational Omni ARB
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Gate ARB_USDT
Orderly PERP_ARB_USDC
Bybit ARBUSDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | −0.0002% | 8h | 0.2216 | −0.180% | $64.6M | $317.6M | 75x | as long as short |
| dYdX ARB-USDshort | 0.0000% | 1h | 0.2224 | +0.189% | $66K | $5K | 10x | |
| Extended ARB-USD | 0.0000% | 1h | 0.2217 | −0.125% | $355K | $2.5M | 25x | as long as short |
| ApeX Omni ARBUSDT | +0.0001% | 1h | 0.2225 | +0.239% | $120K | $286K | 50x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0011% | 1h | 0.2218 | −0.058% | $10K | — | 150x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2218 | −0.066% | $141K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2218 | −0.090% | $1.2M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2218 | −0.095% | $38.7M | $51.8M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2219 | −0.032% | $661K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2223 | +0.159% | $42K | $186K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2218 | −0.081% | $19.6M | $15.8M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2215 | −0.212% | $21.2M | $36.4M | 50x | as long as short |
| BingX ARB-USDT | +0.0100% | 8h | 0.2217 | −0.140% | — | $54.6M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2222 | +0.105% | $40K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2224 | +0.177% | $474K | $3.7M | 10x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2221 | +0.081% | $74K | $2.1M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2222 | +0.104% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2218 | −0.077% | $298K | $996K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2219 | −0.032% | $5.0M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0240% | 1h | 0.2217 | −0.113% | $507K | $2.1M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2220 | +0.018% | $829K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2219 | −0.023% | $2K | $695 | 20x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0311% | 1h | 0.2219 | −0.042% | $1.1M | $4.7M | 50x | as long as short |
| RISEx ARB/USDC | +0.0466% | 1h | 0.2223 | +0.133% | $480K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERPlong | +0.0542% | 1h | 0.2220 | long leg | $1.0M | $2.9M | 20x |
Binance ARBUSDT
Extended ARB-USD
ApeX Omni ARBUSDT
gTrade (Gains Network) ARB/USD
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDT
edgeX ARBUSDC
GRVT ARB_USDT_Perp
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Kraken Futures PF_ARBUSD
RISEx ARB/USDC