ARB

Alert

Funding spread now, next payment 17:00 UTC−0.0310%/8h

next payment, per $10,000−$0.39paid, last 24h−0.048%paid, last 3 days−0.146%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack ARB_USDC_PERP	0.2282	0.0528	pay 0.0066% / 1h	22m 16s	$941K	$3.0M	20x
Short	GMX ARB/USD [ARB-USDC]	0.2276	L +0.0274% / S −0.0218%	get 0.0027% / 1h	22m 16s	$696K	—	150x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee GMXbpOrdersRate

Funding earned: −$65.18
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$87.18
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 3 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.274%
Avg gap 7d: −0.040%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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	1.97 bp	8.0 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.1401%	1h	$58K	$204K	12x	as long as short
Kraken Futures PF_ARBUSD	−0.0202%	1h	$1.1M	$4.9M	50x	as long as short
Bybit ARBUSDT	−0.0130%	8h	$57.5M	$131.0M	50x	as long as short
01 Exchange ARBUSD	−0.0088%	1h	$7K	$2K	10x	as long as short
Polymarket Perps ARB-USD	−0.0052%	1h	$67K	$2.5M	10x	as long as short
Orderly PERP_ARB_USDC	−0.0008%	8h	$11K	$370K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	$69K	$4K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	$40K	$16K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	$61K	—	150x	as long as short
SoDEX ARB-USD	+0.0007%	1h	$5K	$2.9M	5x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC ARB_USDT	+0.0008%	8h	$39.8M	$63.1M	200x	as long as short
OKX ARB-USDT-SWAP	+0.0008%	8h	$23.8M	$173.8M	50x	as long as short
Lighter ARB	+0.0096%	1h	$1.5M	$7.3M	15x	as long as short
Aster ARBUSDT	+0.0100%	8h	$709K	$2.2M	20x	as long as short
Pacifica ARB	+0.0100%	1h	$49K	$229K	10x	as long as short
Binance ARBUSDT	+0.0100%	8h	$65.3M	$321.8M	75x	as long as short
Gate ARB_USDT	+0.0100%	8h	$5.5M	$21.0M	60x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	$20.6M	$18.2M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	$21.2M	$39.4M	50x	as long as short
BingX ARB-USDT	+0.0100%	8h	—	$53.3M	—	as long as short
Variational Omni ARB	+0.0100%	8h	$1.9M	$3.3M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	$39K	$465K	20x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	$128K	$261K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	$277K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	$5.5M	$14.4M	50x	as long as short
Extended ARB-USD	+0.0104%	1h	$369K	$2.4M	25x	as long as short
Aevo ARB-PERP	+0.0104%	1h	$152K	$9K	3x	as long as short
BloFin ARB-USDT	+0.0220%	8h	$3.2M	$3.2M	75x	as long as short
Hyperliquid ARB	+0.0274%	1h	$42.3M	$49.0M	10x	as long as short
GMX ARB/USD [ARB-USDC]short	L +0.0274% / S −0.0218%	1h	$696K	—	150x
Reya ARBRUSDPERP	+0.0292%	1h	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0449%	1h	$427K	$3.2M	10x	as long as short
Coinbase International ARB-PERP-INTX	+0.0464%	1h	$532K	$2.5M	50x	as long as short
Backpack ARB_USDC_PERPlong	+0.0528%	1h	$941K	$3.0M	20x