Funding you earn now, next payment 04:00 UTC+0.0414%/8h= +45.4% APRnext payment +$0.52 per $10,000 · paid last 24h +0.074%
Price spread now: Backpack against RISEx+0.044%7-day average +0.714% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$280.284% of the position
Funding, last 4 days (all we have)−0.139%−$14 on $10k
+Price spread, last 5 days (all we have)+0.554%+$55 · spread now +0.044%, 7d avg +0.714%
=Funding pays, the price is against you. Backpack is 0.670% cheaper against RISEx than usual: you would sell low and buy high (spread +0.044% now, against its 7-day average of +0.714%). If the spread goes back, that is −$67 on $10k: about 5.4 days of funding at the current rate (+$12 a day). Mind the row above: over the last 4 days funding on this pair cost −0.139%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.139% in total (about -14.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.52 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 | RISEx ARB/USDC | 0.2213 | 0.0225 | pay 0.0028% / 1h | 19m 34s | $472K | $2.6M | 10x |
| Short | Backpack ARB_USDC_PERP | 0.2214 | 0.0640 | get 0.0080% / 1h | 19m 34s | $997K | $2.8M | 20x |
RISEx ARB/USDC
Backpack ARB_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against RISEx. 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
- $87.04
- Price spread: +0.044% → +0.714%
- −$67.04
- Slippage, 4 orders
- −$12.39
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$8.39
- Costs to cover
- 0.284%
- Break-even
- 7.7 days
Slippage from RISEx: live order book, 4 min ago; Backpack: live order book, 5 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 RISEx live order book, 4 min ago | 0.90 bp | 3.9 bp −$4 | 18.2 bp −$182 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 5 min ago | 0.90 bp | 8.4 bp −$8 | 201.3 bp −$2,013 | 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 | 0.2207 | −0.277% | $40K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0168% | 1h | 0.2212 | −0.060% | $7K | $2K | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0137% | 1h | 0.2211 | −0.110% | $98K | $2.2M | 10x | as long as short |
| MEXC ARB_USDT | −0.0130% | 8h | 0.2211 | −0.110% | $42.0M | $60.8M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0129% | 8h | 0.2211 | −0.078% | $22.3M | $149.1M | 50x | as long as short |
| Variational Omni ARB | −0.0098% | 8h | 0.2211 | −0.108% | $1.8M | $2.9M | — | as long as short |
| Orderly PERP_ARB_USDC | −0.0072% | 8h | 0.2211 | −0.096% | $12K | $397K | 10x | as long as short |
| Gate ARB_USDT | −0.0059% | 8h | 0.2212 | −0.056% | $5.3M | $18.8M | 60x | as long as short |
| Bybit ARBUSDT | −0.0026% | 8h | 0.2212 | −0.065% | $55.9M | $127.0M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0006% | 1h | 0.2212 | −0.055% | $1.1M | $4.4M | 50x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Polymarket Perps ARB-USD
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Variational Omni ARB
Orderly PERP_ARB_USDC
Gate ARB_USDT
Bybit ARBUSDT
Kraken Futures PF_ARBUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2212 | −0.035% | $65K | $5K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2211 | −0.096% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2211 | −0.077% | $32K | — | 150x | as long as short |
| Extended ARB-USD | +0.0024% | 1h | 0.2211 | −0.095% | $354K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0025% | 8h | 0.2212 | −0.056% | $64.3M | $307.6M | 75x | as long as short |
| SoDEX ARB-USD | +0.0034% | 1h | 0.2210 | −0.119% | $10K | $2.3M | 5x | as long as short |
| BingX ARB-USDT | +0.0068% | 8h | 0.2212 | −0.069% | — | $53.9M | — | as long as short |
| Bitget ARBUSDT | +0.0069% | 8h | 0.2211 | −0.096% | $21.0M | $34.8M | 50x | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2212 | −0.069% | $140K | $7K | 3x | as long as short |
| BloFin ARB-USDT | +0.0094% | 8h | 0.2212 | −0.042% | $3.1M | $2.6M | 75x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2211 | −0.096% | $1.2M | $5.8M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2213 | −0.010% | $38.0M | $48.9M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2211 | −0.103% | $636K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2211 | −0.091% | $43K | $169K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2212 | −0.060% | $19.6M | $15.0M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2214 | +0.019% | $40K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2214 | +0.039% | $470K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2212 | −0.051% | $119K | $283K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2213 | −0.006% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2212 | −0.069% | $300K | $951K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2212 | −0.051% | $5.0M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2216 | +0.130% | $492K | $2.0M | 50x | as long as short |
| RISEx ARB/USDClong | +0.0225% | 1h | 0.2213 | long leg | $472K | $2.6M | 10x | |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0159% | 1h | 0.2211 | −0.079% | $834K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2211 | −0.108% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERPshort | +0.0640% | 1h | 0.2214 | +0.044% | $997K | $2.8M | 20x |
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
SoDEX ARB-USD
BingX ARB-USDT
Bitget ARBUSDT
Aevo ARB-PERP
BloFin ARB-USDT
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
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP