Funding you earn now, next payment 04:00 UTC−0.0503%/8h= −55.0% APRpaid last 24h −0.111%
Price spread now: SunX against Backpack+0.009%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$191as in the Funding arb table
Net, price: spread back to 7d avg − costs−$177as in the Price arb table
costs, in and out, $10k−$1771.768% of the position
Funding, last 7 days−0.141%−$14 on $10k
+Price spread, last 4 days (all we have)+1.331%+$133 · spread now +0.009%, 7d avg +0.012%
=The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: −$15 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.141% in total (about -7.3% 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 | 0.2198 | 0.0603 | pay 0.0075% / 1h | 40m 57s | $992K | $2.8M | 20x |
| Short | SunX ARB-USDT | 0.2198 | 0.0100 | get 0.0100% / 8h | 4h 40m | $2K | $1.1M | 30x |
Backpack ARB_USDC_PERP
SunX ARB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$105.57
- Price spread: +0.009% → +0.012%
- −$0.26
- Slippage, 4 orders
- −$158.83
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$282.67
- Costs to cover
- 1.768%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 3 min ago; SunX: 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 | 0.23 bp | 9.5 bp −$10 | 65.6 bp −$656 | doesn't fit | doesn't fit |
| Sell SunX live order book, 2 min ago | 15.88 bp | 110.7 bp −$111 | 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 | −0.1649% | 1h | 0.2189 | −0.400% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0168% | 1h | 0.2197 | −0.059% | $7K | $2K | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0153% | 1h | 0.2197 | −0.018% | $91K | $2.2M | 10x | as long as short |
| MEXC ARB_USDT | −0.0135% | 8h | 0.2195 | −0.141% | $40.5M | $59.6M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0134% | 8h | 0.2195 | −0.105% | $22.2M | $147.6M | 50x | as long as short |
| Variational Omni ARB | −0.0115% | 8h | 0.2194 | −0.171% | $1.8M | $2.9M | — | as long as short |
| Gate ARB_USDT | −0.0099% | 8h | 0.2196 | −0.091% | $5.3M | $18.7M | 60x | as long as short |
| Orderly PERP_ARB_USDC | −0.0077% | 8h | 0.2195 | −0.127% | $12K | $390K | 10x | as long as short |
| Bybit ARBUSDT | −0.0045% | 8h | 0.2195 | −0.127% | $55.6M | $126.0M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0006% | 1h | 0.2195 | −0.108% | $1.1M | $4.4M | 50x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Polymarket Perps ARB-USD
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Variational Omni ARB
Gate ARB_USDT
Orderly PERP_ARB_USDC
Bybit ARBUSDT
Kraken Futures PF_ARBUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2199 | +0.064% | $65K | $5K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2195 | −0.109% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2195 | −0.108% | $32K | — | 150x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2195 | −0.132% | $350K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0008% | 8h | 0.2197 | −0.056% | $64.1M | $306.4M | 75x | as long as short |
| BloFin ARB-USDT | +0.0034% | 8h | 0.2195 | −0.127% | $3.1M | $2.6M | 75x | as long as short |
| SoDEX ARB-USD | +0.0039% | 1h | 0.2195 | −0.141% | $10K | $2.3M | 5x | as long as short |
| Bitget ARBUSDT | +0.0064% | 8h | 0.2196 | −0.082% | $20.9M | $34.6M | 50x | as long as short |
| BingX ARB-USDC | +0.0066% | 8h | 0.2193 | −0.214% | — | $6.5M | — | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2195 | −0.145% | $139K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2195 | −0.123% | $1.2M | $5.7M | 15x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2195 | −0.127% | $4.9M | $12.8M | 50x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2196 | −0.064% | $38.0M | $48.8M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2197 | −0.023% | $634K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2198 | +0.020% | $43K | $169K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2195 | −0.105% | $19.4M | $15.1M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2199 | +0.042% | $40K | $460K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2201 | +0.145% | $469K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2200 | +0.100% | $120K | $284K | 50x | as long as short |
| SunX ARB-USDTshort | +0.0100% | 8h | 0.2198 | +0.009% | $2K | $1.1M | 30x | |
| HTX ARB-USDT | +0.0100% | 8h | 0.2197 | −0.036% | $298K | $952K | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2197 | −0.036% | $491K | $1.9M | 50x | as long as short |
| RISEx ARB/USDC | +0.0225% | 1h | 0.2199 | +0.034% | $476K | $2.6M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2195 | −0.111% | $820K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2193 | −0.200% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERPlong | +0.0603% | 1h | 0.2198 | long leg | $992K | $2.8M | 20x |
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
BloFin ARB-USDT
SoDEX ARB-USD
Bitget ARBUSDT
BingX ARB-USDC
Aevo ARB-PERP
Lighter ARB
Phemex ARBUSDT
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
HTX ARB-USDT
Coinbase International ARB-PERP-INTX
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP