Funding you earn now, next payment 04:00 UTC+0.0681%/8h= +74.5% APRpaid last 24h +0.127%
Price spread now: Backpack against Gate+0.123%7-day average +0.823% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$500.502% of the position
Funding, last 7 days+0.306%+$31 on $10k
+Price spread, last 7 days+1.706%+$171 · spread now +0.123%, 7d avg +0.823%
=Funding pays, the price is against you. Backpack is 0.700% cheaper against Gate than usual: you would sell low and buy high (spread +0.123% now, against its 7-day average of +0.823%). If the spread goes back, that is −$70 on $10k: about 3.4 days of funding at the current rate (+$20 a day). At the pace of the last 7 days (+0.306% in total) that is about 16 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.306% in total (about 16.0% 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 | Gate ARB_USDT | 0.2196 | −0.0100 | get 0.0100% / 8h | 4h 49m | $5.3M | $18.6M | 60x |
| Short | Backpack ARB_USDC_PERP | 0.2198 | 0.0581 | get 0.0073% / 1h | 49m 55s | $993K | $2.8M | 20x |
Gate ARB_USDT
Backpack ARB_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Gate. 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
- $142.96
- Price spread: +0.123% → +0.823%
- −$70.01
- Slippage, 4 orders
- −$25.16
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $22.79
- Costs to cover
- 0.502%
- Break-even
- 5.9 days
Slippage from Gate: live order book, 4 min ago; Backpack: live order book, 4 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 Gate live order book, 4 min ago | 1.81 bp | 16.3 bp −$16 | 35.4 bp −$354 | 103.9 bp −$10.4K | doesn't fit |
| Sell Backpack live order book, 4 min ago | 0.45 bp | 8.4 bp −$8 | 385.8 bp −$3,858 | 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 | 0.2183 | −0.583% | $39K | $372K | 12x | as long as short |
| MEXC ARB_USDT | −0.0138% | 8h | 0.2194 | −0.064% | $40.6M | $59.6M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0137% | 8h | 0.2195 | −0.046% | $22.2M | $147.7M | 50x | as long as short |
| 01 Exchange ARBUSD | −0.0128% | 1h | 0.2195 | −0.059% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0117% | 8h | 0.2192 | −0.156% | $1.8M | $2.9M | — | as long as short |
| Polymarket Perps ARB-USD | −0.0107% | 1h | 0.2195 | −0.055% | $70K | $2.2M | 10x | as long as short |
| Gate ARB_USDTlong | −0.0100% | 8h | 0.2196 | long leg | $5.3M | $18.6M | 60x | |
| Orderly PERP_ARB_USDC | −0.0078% | 8h | 0.2195 | −0.036% | $13K | $388K | 10x | as long as short |
| Bybit ARBUSDT | −0.0046% | 8h | 0.2195 | −0.036% | $55.6M | $125.9M | 50x | as long as short |
| SoDEX ARB-USD | −0.0021% | 1h | 0.2195 | −0.059% | $10K | $2.3M | 5x | as long as short |
Injective ARB/USDC PERP
MEXC ARB_USDT
OKX ARB-USDT-SWAP
01 Exchange ARBUSD
Variational Omni ARB
Polymarket Perps ARB-USD
Orderly PERP_ARB_USDC
Bybit ARBUSDT
SoDEX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ARBUSD | −0.0006% | 1h | 0.2196 | +0.003% | $1.1M | $4.4M | 50x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2197 | +0.047% | $65K | $5K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2196 | −0.005% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2195 | −0.022% | $32K | — | 150x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2193 | −0.131% | $349K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0010% | 8h | 0.2196 | +0.005% | $64.1M | $306.6M | 75x | as long as short |
| BloFin ARB-USDT | +0.0039% | 8h | 0.2195 | −0.055% | $3.1M | $2.6M | 75x | as long as short |
| Bitget ARBUSDT | +0.0066% | 8h | 0.2194 | −0.082% | $20.9M | $34.6M | 50x | as long as short |
| BingX ARB-USDC | +0.0070% | 8h | 0.2194 | −0.073% | — | $6.5M | — | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2196 | +0.015% | $139K | $7K | 3x | as long as short |
| Phemex ARBUSDT | +0.0084% | 8h | 0.2196 | +0.009% | $4.9M | $12.9M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2195 | −0.036% | $1.2M | $5.7M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2196 | +0.027% | $37.9M | $48.7M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2196 | +0.009% | $634K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2197 | +0.068% | $43K | $169K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2196 | +0.014% | $19.4M | $15.1M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2204 | +0.377% | $40K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2205 | +0.419% | $470K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2204 | +0.373% | $119K | $282K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2198 | +0.100% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2195 | −0.018% | $298K | $956K | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2198 | +0.082% | $492K | $2.0M | 50x | as long as short |
| RISEx ARB/USDC | +0.0225% | 1h | 0.2196 | +0.019% | $478K | $2.6M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2196 | +0.006% | $819K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2194 | −0.083% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERPshort | +0.0581% | 1h | 0.2198 | +0.123% | $993K | $2.8M | 20x |
Kraken Futures PF_ARBUSD
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
BloFin ARB-USDT
Bitget ARBUSDT
BingX ARB-USDC
Aevo ARB-PERP
Phemex ARBUSDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Coinbase International ARB-PERP-INTX
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP