Funding you earn now, next payment 02:00 UTC−0.0194%/8h= −21.3% APRnext payment −$0.24 per $10,000 · paid last 24h −0.043%
Price spread now: Reya against Backpack−0.320%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Reya is 0.320% cheaper against Backpack than usual: you would sell low and buy high (−$32 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack ARB_USDC_PERP | 0.2219 | 0.0484 | pay 0.0061% / 1h | 46m 26s | $1.0M | $2.9M | 20x |
| Short | Reya ARBRUSDPERP | 0.2212 | 0.0290 | get 0.0036% / 1h | 46m 26s | $2K | $695 | 20x |
Backpack ARB_USDC_PERP
Reya ARBRUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- −$40.83
- Price spread: −0.320% → 0.000%
- −$32.04
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$88.87
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 3 min ago; Reya: 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 | 2.25 bp | 11.2 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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 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 | −0.1692% | 1h | 0.2205 | −0.644% | $40K | $372K | 12x | as long as short |
| ApeX Omni ARBUSDT | −0.0556% | 1h | 0.2214 | −0.239% | $119K | $296K | 50x | as long as short |
| 01 Exchange ARBUSD | −0.0224% | 1h | 0.2213 | −0.279% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0189% | 8h | 0.2213 | −0.270% | $1.9M | $2.9M | — | as long as short |
| SoDEX ARB-USD | −0.0161% | 1h | 0.2215 | −0.198% | $10K | $2.5M | 5x | as long as short |
| OKX ARB-USDT-SWAP | −0.0103% | 8h | 0.2213 | −0.306% | $22.3M | $157.1M | 50x | as long as short |
| MEXC ARB_USDT | −0.0103% | 8h | 0.2213 | −0.284% | $37.1M | $59.0M | 200x | as long as short |
| Bybit ARBUSDT | −0.0060% | 8h | 0.2213 | −0.288% | $57.0M | $129.2M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0055% | 8h | 0.2217 | −0.104% | $12K | $385K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2215 | −0.198% | $66K | $5K | 10x | as long as short |
Injective ARB/USDC PERP
ApeX Omni ARBUSDT
01 Exchange ARBUSD
Variational Omni ARB
SoDEX ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Bybit ARBUSDT
Orderly PERP_ARB_USDC
dYdX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2215 | −0.189% | $24K | $34K | 25x | as long as short |
| Binance ARBUSDT | +0.0004% | 8h | 0.2213 | −0.280% | $64.7M | $318.2M | 75x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2218 | −0.048% | $31K | — | 150x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2212 | −0.348% | $352K | $2.5M | 25x | as long as short |
| Gate ARB_USDT | +0.0015% | 8h | 0.2213 | −0.266% | $5.4M | $19.7M | 60x | as long as short |
| BloFin ARB-USDT | +0.0029% | 8h | 0.2212 | −0.351% | $3.1M | $2.9M | 75x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2215 | −0.173% | $141K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2215 | −0.216% | $1.2M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2215 | −0.185% | $38.2M | $50.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2217 | −0.122% | $660K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2215 | −0.171% | $42K | $189K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2214 | −0.230% | $19.6M | $15.9M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2213 | −0.284% | $21.1M | $36.3M | 50x | as long as short |
| BingX ARB-USDT | +0.0100% | 8h | 0.2212 | −0.320% | — | $54.6M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2212 | −0.318% | $40K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2213 | −0.288% | $474K | $3.6M | 10x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2214 | −0.234% | $79K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2218 | −0.059% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2217 | −0.104% | $296K | $1.0M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2216 | −0.149% | $5.1M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0240% | 1h | 0.2218 | −0.063% | $507K | $2.2M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0281% / S −0.0165% | 1h | 0.2218 | −0.057% | $853K | — | 150x | as long as short |
| Reya ARBRUSDPERPshort | +0.0290% | 1h | 0.2212 | −0.320% | $2K | $695 | 20x | |
| Kraken Futures PF_ARBUSD | +0.0312% | 1h | 0.2216 | −0.154% | $1.1M | $4.8M | 50x | as long as short |
| RISEx ARB/USDC | +0.0466% | 1h | 0.2216 | −0.169% | $499K | $2.6M | 10x | as long as short |
| Backpack ARB_USDC_PERPlong | +0.0484% | 1h | 0.2219 | long leg | $1.0M | $2.9M | 20x |
Deribit ARB_USDC-PERPETUAL
Binance ARBUSDT
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Gate ARB_USDT
BloFin ARB-USDT
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]
Kraken Futures PF_ARBUSD
RISEx ARB/USDC