ARB

Alert

Funding spread now, next payment 20:00 UTC+0.0625%/8h

next payment, per $10,000+$0.78paid, last 24h+0.097%paid, last 5 days+0.302%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.302% in total (about 21.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.78 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	dYdX ARB-USD	0.2264	0	get 0.0000% / 1h	54m 48s	$67K	$4K	10x
Short	Backpack ARB_USDC_PERP	0.2262	0.0625	get 0.0078% / 1h	54m 48s	$972K	$2.9M	20x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee BackpackbpOrdersRate

Funding earned: $131.17
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: $111.17
Break-even: 1.1 days

Slippage unknown: dYdX: no order-book sample; Backpack: live order book, 1 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.089%
Avg gap 7d: —

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 dYdX no order-book sample	—	—	—	—	—
Sell Backpack live order book, 1 min ago	1.33 bp	9.7 bp −$10	289.7 bp −$2,897	doesn't fit	doesn't fit

dYdX: 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 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective ARB/USDC PERP	−0.1732%	1h	$55K	$150K	12x	as long as short
Bybit ARBUSDT	−0.0237%	8h	$58.6M	$129.8M	50x	as long as short
01 Exchange ARBUSD	−0.0184%	1h	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0171%	1h	$5K	$2.8M	5x	as long as short
Variational Omni ARB	−0.0057%	8h	$1.9M	$3.0M	—	as long as short
Kraken Futures PF_ARBUSD	−0.0027%	1h	$1.1M	$5.0M	50x	as long as short
dYdX ARB-USDlong	0.0000%	1h	$67K	$4K	10x
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	$37K	$18K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0007%	1h	$39K	—	150x	as long as short
Orderly PERP_ARB_USDC	+0.0016%	8h	$11K	$385K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Polymarket Perps ARB-USD	+0.0021%	1h	$67K	$2.3M	10x	as long as short
MEXC ARB_USDT	+0.0026%	8h	$38.7M	$61.9M	200x	as long as short
OKX ARB-USDT-SWAP	+0.0027%	8h	$23.3M	$164.7M	50x	as long as short
Lighter ARB	+0.0096%	1h	$1.4M	$7.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	$41.0M	$50.1M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	$715K	$1.8M	20x	as long as short
Pacifica ARB	+0.0100%	1h	$49K	$191K	10x	as long as short
Binance ARBUSDT	+0.0100%	8h	$63.4M	$315.3M	75x	as long as short
Gate ARB_USDT	+0.0100%	8h	$5.6M	$21.3M	60x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	$21.2M	$17.3M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	$21.1M	$38.0M	50x	as long as short
BingX ARB-USDT	+0.0100%	8h	—	$55.4M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	$38K	$445K	20x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	$125K	$272K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	$278K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	$5.5M	$14.0M	50x	as long as short
Extended ARB-USD	+0.0104%	1h	$360K	$2.4M	25x	as long as short
Aevo ARB-PERP	+0.0104%	1h	$151K	$9K	3x	as long as short
BloFin ARB-USDT	+0.0220%	8h	$3.1M	$3.1M	75x	as long as short
Reya ARBRUSDPERP	+0.0291%	1h	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0305% / S −0.0227%	1h	$790K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0328%	1h	$518K	$2.5M	50x	as long as short
RISEx ARB/USDC	+0.0564%	1h	$475K	$2.8M	10x	as long as short
Backpack ARB_USDC_PERPshort	+0.0625%	1h	$972K	$2.9M	20x