ARB

Alert

Funding spread now, next payment 14:00 UTC−0.0884%/8h

next payment, per $10,000−$1.11paid, last 24h−0.034%paid, last 7 days−0.098%to open and close $10k−$34

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.098% in total (about -5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.11 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	0.2395	0.1116	pay 0.0140% / 1h	38m 35s	$989K	$2.7M	20x
Short	Lighter ARB	0.2386	0.0232	get 0.0029% / 1h	38m 35s	$1.8M	$6.7M	15x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee LighterbpOrdersRate

Funding earned: −$185.65
Slippage, 4 orders: −$24.38
Fee Backpack: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$220.03
Break-even: never at this rate

Slippage from Backpack: live order book, 2 min ago; Lighter: live order book, 6 min ago.

Price risk

price view

Price gap now: −0.359%
Avg gap 7d: −0.856%

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, 2 min ago	1.24 bp	6.4 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	2.24 bp	4.2 bp −$4	18.1 bp −$181	115.9 bp −$11.6K	doesn't fit

ARB on 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective ARB/USDC PERP	−0.0994%	1h	$61K	$293K	12x	as long as short
Orderly PERP_ARB_USDC	−0.0065%	8h	$13K	$255K	10x	as long as short
OKX ARB-USDT-SWAP	−0.0038%	8h	$24.8M	$191.1M	50x	as long as short
MEXC ARB_USDT	−0.0038%	8h	$38.2M	$56.1M	200x	as long as short
dYdX ARB-USD	0.0000%	1h	$72K	$4K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	$38K	$17K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	$34K	—	150x	as long as short
SoDEX ARB-USD	+0.0074%	1h	$4K	$2.8M	5x	as long as short
Aster ARBUSDT	+0.0100%	8h	$720K	$2.2M	20x	as long as short
Pacifica ARB	+0.0100%	1h	$50K	$256K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance ARBUSDT	+0.0100%	8h	$69.1M	$315.7M	75x	as long as short
Bybit ARBUSDT	+0.0100%	8h	$60.3M	$131.4M	50x	as long as short
Gate ARB_USDT	+0.0100%	8h	$5.9M	$19.8M	60x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	$20.2M	$19.5M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	$22.2M	$37.6M	50x	as long as short
BingX ARB-USDC	+0.0100%	8h	—	$6.5M	—	as long as short
Variational Omni ARB	+0.0100%	8h	$2.1M	$3.0M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	$42K	$455K	20x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	$137K	$274K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	$62K	$2.8M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	$294K	$1.3M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	$5.8M	$15.5M	50x	as long as short
Extended ARB-USD	+0.0104%	1h	$388K	$2.4M	25x	as long as short
Aevo ARB-PERP	+0.0104%	1h	$160K	$9K	3x	as long as short
01 Exchange ARBUSD	+0.0152%	1h	$8K	$3K	10x	as long as short
BloFin ARB-USDT	+0.0220%	8h	$3.5M	$3.3M	75x	as long as short
Lighter ARBshort	+0.0232%	1h	$1.8M	$6.7M	15x
GMX ARB/USD [ARB-USDC]	L +0.0248% / S −0.0157%	1h	$763K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0291%	1h	$3K	—	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0472%	1h	$591K	$2.5M	50x	as long as short
RISEx ARB/USDC	+0.0675%	1h	$396K	$3.3M	10x	as long as short
Kraken Futures PF_ARBUSD	+0.0705%	1h	$1.2M	$4.5M	50x	as long as short
Backpack ARB_USDC_PERPlong	+0.1116%	1h	$989K	$2.7M	20x
Hyperliquid ARB	+0.1258%	1h	$45.1M	$46.0M	10x	as long as short