Funding you earn now, next payment 02:00 UTC−0.0679%/8h= −74.3% APRpaid last 24h −0.145%
Price spread now: MEXC against Backpack−0.090%7-day average −0.823% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs+$52as in the Price arb table
costs, in and out, $10k−$210.213% of the position
Funding, last 7 days−0.347%−$35 on $10k
+Price spread, last 7 days−0.280%−$28 · spread now −0.090%, 7d avg −0.823%
=The price spread pays, funding is against you. MEXC is 0.733% dearer against Backpack than usual: you sell high and buy low (spread −0.090% now, against its 7-day average of −0.823%): +$73 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 3.6 days. At the pace of the last 7 days (−0.347% in total) that is about 15 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.347% in total (about -18.1% 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 | 0.2226 | 0.0548 | pay 0.0068% / 1h | 1m 26s | $1.0M | $2.8M | 20x |
| Short | MEXC ARB_USDT | 0.2224 | −0.0131 | pay 0.0131% / 8h | 6h 01m | $38.9M | $60.3M | 200x |
Backpack ARB_USDC_PERP
MEXC ARB_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$142.58
- Price spread: −0.090% → −0.823%
- $73.32
- Slippage, 4 orders
- −$11.3
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$90.56
- Costs to cover
- 0.213%
- Break-even
- from the start
Slippage from Backpack: live order book, 3 min ago; MEXC: live order book, 2 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, 3 min ago | 0.22 bp | 8.6 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.22 bp | 2.1 bp −$2 | 7.8 bp −$78 | 41.4 bp −$4,136 | 77.1 bp −$38.6K |
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 | 0.2212 | −0.642% | $40K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0208% | 1h | 0.2223 | −0.130% | $7K | $2K | 10x | as long as short |
| SoDEX ARB-USD | −0.0206% | 1h | 0.2222 | −0.175% | $10K | $2.4M | 5x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0200% | 1h | 0.2223 | −0.144% | $24K | $34K | 25x | as long as short |
| Variational Omni ARB | −0.0156% | 8h | 0.2220 | −0.298% | $1.9M | $2.9M | — | as long as short |
| OKX ARB-USDT-SWAP | −0.0132% | 8h | 0.2224 | −0.112% | $22.4M | $154.6M | 50x | as long as short |
| MEXC ARB_USDTshort | −0.0131% | 8h | 0.2224 | −0.090% | $38.9M | $60.3M | 200x | |
| Orderly PERP_ARB_USDC | −0.0070% | 8h | 0.2225 | −0.058% | $12K | $383K | 10x | as long as short |
| Bybit ARBUSDT | −0.0041% | 8h | 0.2224 | −0.108% | $56.6M | $127.6M | 50x | as long as short |
| Gate ARB_USDT | −0.0040% | 8h | 0.2224 | −0.085% | $5.4M | $20.0M | 60x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
SoDEX ARB-USD
Deribit ARB_USDC-PERPETUAL
Variational Omni ARB
OKX ARB-USDT-SWAP
Orderly PERP_ARB_USDC
Bybit ARBUSDT
Gate ARB_USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2225 | −0.078% | $66K | $5K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2221 | −0.217% | $353K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0003% | 8h | 0.2225 | −0.067% | $64.8M | $314.5M | 75x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0011% | 1h | 0.2226 | −0.032% | $10K | — | 150x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2224 | −0.112% | $141K | $7K | 3x | as long as short |
| Phemex ARBUSDT | +0.0084% | 8h | 0.2222 | −0.193% | $5.0M | $13.0M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2223 | −0.157% | $1.2M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2225 | −0.054% | $38.7M | $51.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2223 | −0.131% | $660K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2222 | −0.172% | $42K | $183K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2224 | −0.103% | $19.6M | $15.7M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2223 | −0.148% | $21.3M | $35.9M | 50x | as long as short |
| BingX ARB-USDT | +0.0100% | 8h | 0.2224 | −0.094% | — | $54.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2225 | −0.058% | $40K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2226 | −0.020% | $482K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2224 | −0.103% | $120K | $285K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2224 | −0.099% | $84K | $2.1M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2227 | +0.031% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2224 | −0.103% | $298K | $983K | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0240% | 1h | 0.2227 | +0.040% | $509K | $2.1M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2227 | +0.020% | $831K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2223 | −0.137% | $2K | $695 | 20x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0311% | 1h | 0.2224 | −0.085% | $1.1M | $4.7M | 50x | as long as short |
| RISEx ARB/USDC | +0.0466% | 1h | 0.2225 | −0.069% | $490K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERPlong | +0.0548% | 1h | 0.2226 | long leg | $1.0M | $2.8M | 20x |
dYdX ARB-USD
Extended ARB-USD
Binance ARBUSDT
gTrade (Gains Network) ARB/USD
Aevo ARB-PERP
Phemex ARBUSDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDT
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Kraken Futures PF_ARBUSD
RISEx ARB/USDC