Funding you earn now, next payment 01:00 UTC−0.0117%/8h= −12.8% APRnext payment −$0.15 per $10,000 · paid last 24h −0.070%
Price spread now: RISEx against Backpack−0.149%7-day average −0.733% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs+$35as in the Price arb table
costs, in and out, $10k−$240.237% of the position
Funding, last 3 days (all we have)+0.146%+$15 on $10k
+Price spread, last 5 days (all we have)−0.517%−$52 · spread now −0.149%, 7d avg −0.733%
=The price spread pays, funding is against you. RISEx is 0.583% dearer against Backpack than usual: you sell high and buy low (spread −0.149% now, against its 7-day average of −0.733%): +$58 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 17 days. Mind the row above: over the last 3 days funding on this pair paid +0.146%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack ARB_USDC_PERP | 0.2258 | 0.0501 | pay 0.0063% / 1h | 29m 20s | $1.0M | $2.8M | 20x |
| Short | RISEx ARB/USDC | 0.2254 | 0.0384 | get 0.0048% / 1h | 29m 20s | $514K | $2.6M | 10x |
Backpack ARB_USDC_PERP
RISEx ARB/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- −$24.55
- Price spread: −0.149% → −0.733%
- $58.35
- Slippage, 4 orders
- −$7.69
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $10.1
- Costs to cover
- 0.237%
- Break-even
- from the start
Slippage from Backpack: live order book, 5 min ago; RISEx: live order book, 5 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, 5 min ago | 0.67 bp | 10.0 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell RISEx live order book, 5 min ago | 0.67 bp | 3.7 bp −$4 | 15.7 bp −$157 | 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 | −0.1666% | 1h | 0.2234 | −1.054% | $40K | $372K | 12x | as long as short |
| Variational Omni ARB | −0.0206% | 8h | 0.2249 | −0.376% | $2.0M | $2.8M | — | as long as short |
| Bybit ARBUSDT | −0.0178% | 8h | 0.2253 | −0.195% | $58.2M | $126.4M | 50x | as long as short |
| 01 Exchange ARBUSD | −0.0152% | 1h | 0.2253 | −0.204% | $7K | $2K | 10x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0138% | 1h | 0.2254 | −0.158% | $1.1M | $4.9M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0119% | 8h | 0.2255 | −0.142% | $22.6M | $156.8M | 50x | as long as short |
| MEXC ARB_USDT | −0.0118% | 8h | 0.2253 | −0.221% | $38.5M | $59.1M | 200x | as long as short |
| SoDEX ARB-USD | −0.0103% | 1h | 0.2252 | −0.257% | $4K | $2.5M | 5x | as long as short |
| Orderly PERP_ARB_USDC | −0.0048% | 8h | 0.2253 | −0.213% | $12K | $386K | 10x | as long as short |
| Extended ARB-USD | −0.0008% | 1h | 0.2252 | −0.278% | $361K | $3.6M | 25x | as long as short |
Injective ARB/USDC PERP
Variational Omni ARB
Bybit ARBUSDT
01 Exchange ARBUSD
Kraken Futures PF_ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
Orderly PERP_ARB_USDC
Extended ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | −0.0005% | 8h | 0.2253 | −0.193% | $66.3M | $309.7M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2255 | −0.140% | $67K | $4K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2253 | −0.230% | $25K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2254 | −0.184% | $32K | — | 150x | as long as short |
| BingX ARB-USDT | +0.0067% | 8h | 0.2253 | −0.213% | — | $54.0M | — | as long as short |
| Bitget ARBUSDT | +0.0074% | 8h | 0.2253 | −0.213% | $21.5M | $35.6M | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2253 | −0.227% | $143K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2255 | −0.120% | $1.4M | $7.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2255 | −0.115% | $40.7M | $47.3M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2252 | −0.251% | $700K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2254 | −0.158% | $44K | $185K | 10x | as long as short |
| Gate ARB_USDT | +0.0100% | 8h | 0.2253 | −0.190% | $5.4M | $19.8M | 60x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2254 | −0.186% | $19.6M | $15.8M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2249 | −0.411% | $40K | $464K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2251 | −0.288% | $486K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2246 | −0.523% | $121K | $296K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2253 | −0.204% | $64K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2255 | −0.124% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2253 | −0.213% | $293K | $975K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2251 | −0.301% | $5.1M | $13.0M | 50x | as long as short |
| BloFin ARB-USDT | +0.0113% | 8h | 0.2251 | −0.323% | $3.1M | $2.8M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0232% | 1h | 0.2253 | −0.213% | $508K | $2.2M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0288% / S −0.0175% | 1h | 0.2254 | −0.169% | $892K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2252 | −0.259% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDCshort | +0.0384% | 1h | 0.2254 | −0.149% | $514K | $2.6M | 10x | |
| Backpack ARB_USDC_PERPlong | +0.0501% | 1h | 0.2258 | long leg | $1.0M | $2.8M | 20x |
Binance ARBUSDT
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
BingX ARB-USDT
Bitget ARBUSDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
Gate ARB_USDT
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP