ARB

Alert

Funding spread now, next payment 16:00 UTC+0.0620%/8h

next payment, per $10,000+$0.77paid, last 24h+0.005%paid, last 3 days+0.056%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.056% in total (about 7.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.77 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	Reya ARBRUSDPERP	0.2365	0.0292	pay 0.0037% / 1h	48m 41s	$3K	—	20x
Short	Backpack ARB_USDC_PERP	0.2372	0.0912	get 0.0114% / 1h	48m 41s	$993K	$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 ReyabpFee BackpackbpOrdersRate

Funding earned: $130.12
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Backpack: 5 bp × 2 orders: −$10
Net: $114.12
Break-even: 0.9 days

Slippage unknown: Reya: no order-book sample; Backpack: live order book, 2 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.284%
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 Reya no order-book sample	—	—	—	—	—
Sell Backpack live order book, 2 min ago	3.37 bp	9.5 bp −$9	394.6 bp −$3,946	doesn't fit	doesn't fit

Reya: 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	−0.1425%	1h	$61K	$248K	12x	as long as short
Orderly PERP_ARB_USDC	−0.0028%	8h	$13K	$321K	10x	as long as short
01 Exchange ARBUSD	−0.0008%	1h	$8K	$3K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	$71K	$4K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	$40K	$15K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0004%	1h	$57K	—	150x	as long as short
OKX ARB-USDT-SWAP	+0.0034%	8h	$24.7M	$182.8M	50x	as long as short
MEXC ARB_USDT	+0.0035%	8h	$34.8M	$58.8M	200x	as long as short
RISEx ARB/USDC	+0.0037%	1h	$476K	$3.3M	10x	as long as short
ApeX Omni ARBUSDT	+0.0076%	1h	$133K	$263K	50x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter ARB	+0.0096%	1h	$1.8M	$7.1M	15x	as long as short
Aster ARBUSDT	+0.0100%	8h	$715K	$2.2M	20x	as long as short
Pacifica ARB	+0.0100%	1h	$49K	$233K	10x	as long as short
Binance ARBUSDT	+0.0100%	8h	$67.6M	$321.2M	75x	as long as short
Bybit ARBUSDT	+0.0100%	8h	$60.3M	$128.6M	50x	as long as short
Gate ARB_USDT	+0.0100%	8h	$6.0M	$20.3M	60x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	$20.6M	$18.6M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	$22.0M	$38.5M	50x	as long as short
BingX ARB-USDC	+0.0100%	8h	—	$6.5M	—	as long as short
Variational Omni ARB	+0.0100%	8h	$2.0M	$3.3M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	$40K	$463K	20x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	$63K	$2.6M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	$2K	$1.1M	30x	as long as short
SoDEX ARB-USD	+0.0100%	1h	$4K	$2.8M	5x	as long as short
HTX ARB-USDT	+0.0100%	8h	$293K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	$5.9M	$14.8M	50x	as long as short
Extended ARB-USD	+0.0104%	1h	$385K	$2.4M	25x	as long as short
Aevo ARB-PERP	+0.0104%	1h	$158K	$9K	3x	as long as short
BloFin ARB-USDT	+0.0220%	8h	$3.3M	$3.3M	75x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0261% / S −0.0174%	1h	$760K	—	150x	as long as short
Reya ARBRUSDPERPlong	+0.0292%	1h	$3K	—	20x
Kraken Futures PF_ARBUSD	+0.0427%	1h	$1.3M	$4.6M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0520%	1h	$539K	$2.5M	50x	as long as short
Hyperliquid ARB	+0.0548%	1h	$45.0M	$47.8M	10x	as long as short
Backpack ARB_USDC_PERPshort	+0.0912%	1h	$993K	$3.0M	20x