Funding you earn now, next payment 22:00 UTC+0.0536%/8h= +58.7% APRnext payment +$0.67 per $10,000 · paid last 24h +0.106%
Price spread now: Backpack against gTrade (Gains Network)+0.120%7-day average — · you sell dearer than you buy
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
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Backpack is 0.120% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) ARB/USD | 0.2228 | L +0.0005% / S −0.0005% | pay 0.0001% / 1h | 5m 40s | $56K | — | 150x |
| Short | Backpack ARB_USDC_PERP | 0.2230 | 0.0541 | get 0.0068% / 1h | 5m 40s | $1.1M | $2.7M | 20x |
gTrade (Gains Network) ARB/USD
Backpack ARB_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against gTrade (Gains Network). 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
- $112.62
- Price spread: +0.120% → 0.000%
- $11.99
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $104.61
- Costs to cover
- 0.200%
- Break-even
- 0.5 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Backpack: live order book, 3 min ago. 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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 3 min ago | 1.12 bp | 9.8 bp −$10 | 520.4 bp −$5,204 | doesn't fit | doesn't fit |
gTrade (Gains Network): 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 | −0.1675% | 1h | 0.2212 | −0.697% | $40K | $197K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0280% | 1h | 0.2223 | −0.185% | $7K | $2K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0244% | 1h | 0.2227 | −0.006% | $38K | $20K | 25x | as long as short |
| Variational Omni ARB | −0.0159% | 8h | 0.2225 | −0.100% | $1.9M | $2.8M | — | as long as short |
| SoDEX ARB-USD | −0.0138% | 1h | 0.2226 | −0.051% | $4K | $2.9M | 5x | as long as short |
| Bybit ARBUSDT | −0.0130% | 8h | 0.2213 | −0.634% | $55.8M | $136.5M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0109% | 8h | 0.2211 | −0.756% | $22.1M | $162.8M | 50x | as long as short |
| MEXC ARB_USDT | −0.0109% | 8h | 0.2213 | −0.666% | $36.6M | $64.0M | 200x | as long as short |
| Polymarket Perps ARB-USD | −0.0066% | 1h | 0.2226 | −0.064% | $77K | $2.2M | 10x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0053% | 1h | 0.2228 | +0.031% | $1.1M | $5.3M | 50x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Deribit ARB_USDC-PERPETUAL
Variational Omni ARB
SoDEX ARB-USD
Bybit ARBUSDT
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Polymarket Perps ARB-USD
Kraken Futures PF_ARBUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | −0.0025% | 8h | 0.2213 | −0.634% | $63.0M | $324.8M | 75x | as long as short |
| Extended ARB-USD | −0.0024% | 1h | 0.2217 | −0.471% | $353K | $2.4M | 25x | as long as short |
| Orderly PERP_ARB_USDC | −0.0022% | 8h | 0.2226 | −0.069% | $10K | $389K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2220 | −0.320% | $66K | $4K | 10x | as long as short |
| Gate ARB_USDT | +0.0002% | 8h | 0.2218 | −0.405% | $5.5M | $21.6M | 60x | as long as short |
| gTrade (Gains Network) ARB/USDlong | L +0.0005% / S −0.0005% | 1h | 0.2228 | long leg | $56K | — | 150x | |
| Aevo ARB-PERP | +0.0072% | 1h | 0.2227 | −0.029% | $146K | $12K | 3x | as long as short |
| Bitget ARBUSDT | +0.0088% | 8h | 0.2211 | −0.742% | $20.7M | $38.2M | 50x | as long as short |
| BingX ARB-USDT | +0.0089% | 8h | 0.2218 | −0.432% | — | $54.0M | — | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2219 | −0.365% | $1.3M | $7.8M | 15x | as long as short |
| BloFin ARB-USDT | +0.0099% | 8h | 0.2224 | −0.149% | $3.0M | $3.3M | 75x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2220 | −0.316% | $39.6M | $52.5M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2219 | −0.378% | $689K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2217 | −0.483% | $45K | $200K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2216 | −0.527% | $20.4M | $16.9M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2231 | +0.147% | $36K | $459K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2231 | +0.157% | $483K | $4.1M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2230 | +0.111% | $121K | $297K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2228 | +0.021% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2226 | −0.055% | $274K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2226 | −0.069% | $5.2M | $13.7M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0153% / S −0.0018% | 1h | 0.2228 | +0.002% | $844K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2249 | +0.964% | $504K | $2.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2225 | −0.126% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERPshort | +0.0541% | 1h | 0.2230 | +0.120% | $1.1M | $2.7M | 20x | |
| RISEx ARB/USDC | +0.0546% | 1h | 0.2228 | 0.000% | $494K | $2.8M | 10x | as long as short |
Binance ARBUSDT
Extended ARB-USD
Orderly PERP_ARB_USDC
dYdX ARB-USD
Gate ARB_USDT
Aevo ARB-PERP
Bitget ARBUSDT
BingX ARB-USDT
Lighter ARB
BloFin ARB-USDT
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
RISEx ARB/USDC