Funding you earn now, next payment 03:00 UTC−0.0454%/8h= −49.7% APRnext payment −$0.57 per $10,000 · paid last 24h −0.105%
Price spread now: Pacifica against Backpack−0.150%7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$470.473% of the position
Funding, last 7 days−0.138%−$14 on $10k
+Price spread, last 4 days (all we have)+0.843%+$84 · spread now −0.150%, 7d avg −0.048%
=Together, before fees+0.704%+ Points / potential airdropPacifica: Active · farm board+$70 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Pacifica is 0.101% cheaper against Backpack than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.048%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.138% in total (about -7.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.57 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 | 0.2217 | 0.0554 | pay 0.0069% / 1h | 40m 17s | $999K | $2.8M | 20x |
| Short | Pacifica ARB | 0.2214 | 0.0100 | get 0.0013% / 1h | 40m 17s | $42K | $179K | 10x |
Backpack ARB_USDC_PERP
Pacifica ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- −$95.33
- Price spread: −0.150% → −0.048%
- −$10.15
- Slippage, 4 orders
- −$29.26
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$152.73
- Costs to cover
- 0.473%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 4 min ago; Pacifica: live order book, 22 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, 4 min ago | 2.47 bp | 8.4 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 22 min ago | 8.99 bp | 13.5 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
ARB on 36 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 | −0.1577% | 1h | 0.2205 | −0.555% | $40K | $372K | 12x | as long as short |
| SoDEX ARB-USD | −0.0158% | 1h | 0.2214 | −0.167% | $10K | $2.4M | 5x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0156% | 1h | 0.2215 | −0.117% | $24K | $34K | 25x | as long as short |
| Variational Omni ARB | −0.0150% | 8h | 0.2215 | −0.112% | $1.9M | $2.9M | — | as long as short |
| 01 Exchange ARBUSD | −0.0136% | 1h | 0.2214 | −0.144% | $7K | $2K | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0135% | 8h | 0.2214 | −0.162% | $22.2M | $151.5M | 50x | as long as short |
| MEXC ARB_USDT | −0.0133% | 8h | 0.2214 | −0.135% | $38.3M | $59.1M | 200x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0098% | 1h | 0.2216 | −0.071% | $1.1M | $4.6M | 50x | as long as short |
| Bybit ARBUSDT | −0.0088% | 8h | 0.2214 | −0.162% | $56.3M | $126.4M | 50x | as long as short |
| Polymarket Perps ARB-USD | −0.0085% | 1h | 0.2215 | −0.104% | $96K | $2.1M | 10x | as long as short |
Injective ARB/USDC PERP
SoDEX ARB-USD
Deribit ARB_USDC-PERPETUAL
Variational Omni ARB
01 Exchange ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Kraken Futures PF_ARBUSD
Bybit ARBUSDT
Polymarket Perps ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ARB_USDT | −0.0085% | 8h | 0.2214 | −0.140% | $5.4M | $19.0M | 60x | as long as short |
| Orderly PERP_ARB_USDC | −0.0072% | 8h | 0.2214 | −0.149% | $12K | $384K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2216 | −0.078% | $66K | $5K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0013% | 1h | 0.2215 | −0.087% | $11K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0005% | 8h | 0.2214 | −0.147% | $64.5M | $308.6M | 75x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2213 | −0.196% | $353K | $2.5M | 25x | as long as short |
| ApeX Omni ARBUSDT | +0.0022% | 1h | 0.2223 | +0.257% | $120K | $283K | 50x | as long as short |
| BloFin ARB-USDT | +0.0022% | 8h | 0.2214 | −0.158% | $3.1M | $2.7M | 75x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2215 | −0.094% | $140K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2214 | −0.149% | $1.2M | $6.4M | 15x | as long as short |
| Bitget ARBUSDT | +0.0098% | 8h | 0.2214 | −0.149% | $21.2M | $35.0M | 50x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2216 | −0.063% | $38.4M | $49.9M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2215 | −0.084% | $657K | $1.6M | 20x | as long as short |
| Pacifica ARBshort | +0.0100% | 1h | 0.2214 | −0.150% | $42K | $179K | 10x | |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2215 | −0.117% | $19.5M | $15.5M | 75x | as long as short |
| BingX ARB-USDC | +0.0100% | 8h | 0.2216 | −0.045% | — | $6.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2222 | +0.196% | $40K | $460K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2221 | +0.185% | $477K | $3.6M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2217 | −0.014% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2216 | −0.045% | $297K | $946K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2215 | −0.104% | $5.0M | $12.9M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2224 | +0.307% | $508K | $2.1M | 50x | as long as short |
| RISEx ARB/USDC | +0.0232% | 1h | 0.2216 | −0.047% | $488K | $2.7M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2215 | −0.106% | $826K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2214 | −0.169% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERPlong | +0.0554% | 1h | 0.2217 | long leg | $999K | $2.8M | 20x |
Gate ARB_USDT
Orderly PERP_ARB_USDC
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
ApeX Omni ARBUSDT
BloFin ARB-USDT
Aevo ARB-PERP
Lighter ARB
Bitget ARBUSDT
Hyperliquid ARB
Aster ARBUSDT
KuCoin ARBUSDTM
BingX ARB-USDC
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP