ARB

Alert

Funding spread now, next payment 17:00 UTC+0.0620%/8h

paid, last 24h+0.066%paid, last 7 days+0.186%to open and close $10k−$38

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.186% in total (about 9.7% 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	Bybit ARBUSDT	0.2297	−0.0062	get 0.0062% / 8h	7h 26m	$58.3M	$130.6M	50x
Short	Backpack ARB_USDC_PERP	0.2305	0.0558	get 0.0070% / 1h	26m 57s	$958K	$3.0M	20x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee BackpackbpOrdersRate

Funding earned: $130.24
Slippage, 4 orders: −$17.37
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Backpack: 5 bp × 2 orders: −$10
Net: $91.87
Break-even: 2.1 days

Slippage from Bybit: live order book, 4 min ago; Backpack: live order book, 4 min ago.

Price risk

price view

Price gap now: +0.366%
Avg gap 7d: +0.845%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Bybit live order book, 4 min ago	0.22 bp	9.4 bp −$9	22.0 bp −$220	54.5 bp −$5,452	doesn't fit
Sell Backpack live order book, 4 min ago	1.74 bp	11.4 bp −$11	55.4 bp −$554	doesn't fit	doesn't fit

ARB on 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective ARB/USDC PERP	−0.1401%	1h	$59K	$204K	12x	as long as short
Kraken Futures PF_ARBUSD	−0.0199%	1h	$1.2M	$4.8M	50x	as long as short
01 Exchange ARBUSD	−0.0088%	1h	$7K	$2K	10x	as long as short
Bybit ARBUSDTlong	−0.0062%	8h	$58.3M	$130.6M	50x
Orderly PERP_ARB_USDC	−0.0011%	8h	$11K	$368K	10x	as long as short
Polymarket Perps ARB-USD	−0.0002%	1h	$74K	$2.5M	10x	as long as short
dYdX ARB-USD	0.0000%	1h	$69K	$4K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	$40K	$16K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	$61K	—	150x	as long as short
MEXC ARB_USDT	+0.0010%	8h	$39.1M	$62.0M	200x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX ARB-USDT-SWAP	+0.0011%	8h	$24.1M	$175.8M	50x	as long as short
SoDEX ARB-USD	+0.0012%	1h	$5K	$2.9M	5x	as long as short
Lighter ARB	+0.0096%	1h	$1.6M	$7.3M	15x	as long as short
Aster ARBUSDT	+0.0100%	8h	$719K	$2.2M	20x	as long as short
Pacifica ARB	+0.0100%	1h	$50K	$229K	10x	as long as short
Binance ARBUSDT	+0.0100%	8h	$65.9M	$321.2M	75x	as long as short
Gate ARB_USDT	+0.0100%	8h	$5.5M	$20.9M	60x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	$20.6M	$18.2M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	$21.4M	$39.4M	50x	as long as short
BingX ARB-USDT	+0.0100%	8h	—	$53.2M	—	as long as short
Variational Omni ARB	+0.0100%	8h	$1.9M	$3.3M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	$39K	$468K	20x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	$129K	$262K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	$281K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	$5.6M	$14.5M	50x	as long as short
Extended ARB-USD	+0.0104%	1h	$373K	$2.4M	25x	as long as short
Aevo ARB-PERP	+0.0104%	1h	$154K	$9K	3x	as long as short
BloFin ARB-USDT	+0.0220%	8h	$3.2M	$3.2M	75x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0274% / S −0.0224%	1h	$697K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0292%	1h	$2K	$695	20x	as long as short
Hyperliquid ARB	+0.0294%	1h	$42.7M	$49.6M	10x	as long as short
RISEx ARB/USDC	+0.0449%	1h	$439K	$3.2M	10x	as long as short
Coinbase International ARB-PERP-INTX	+0.0464%	1h	$529K	$2.5M	50x	as long as short
Backpack ARB_USDC_PERPshort	+0.0558%	1h	$958K	$3.0M	20x