Funding you earn now, next payment 00:00 UTC+0.0533%/8h= +58.4% APRnext payment +$0.67 per $10,000 · paid last 24h +0.141%
Price spread now: Backpack against SoDEX+0.181%7-day average +0.079% · 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−$22as in the Price arb table
costs, in and out, $10k−$330.325% of the position
Funding, last 3 days (all we have)+0.208%+$21 on $10k
+Price spread, last 3 days (all we have)−0.755%−$76 · spread now +0.181%, 7d avg +0.079%
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Backpack is 0.102% dearer against SoDEX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.079%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX ARB-USD | 0.2262 | −0.0067 | get 0.0008% / 1h | 22m 47s | $4K | $2.6M | 5x |
| Short | Backpack ARB_USDC_PERP | 0.2266 | 0.0466 | get 0.0058% / 1h | 22m 47s | $1.0M | $2.9M | 20x |
SoDEX ARB-USD
Backpack ARB_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against SoDEX. 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
- $111.94
- Price spread: +0.181% → +0.079%
- $10.24
- Slippage, 4 orders
- −$14.54
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $89.63
- Costs to cover
- 0.325%
- Break-even
- 1.4 days
Slippage from SoDEX: live order book, 1 min ago; Backpack: live order book, 1 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 SoDEX live order book, 1 min ago | 0.22 bp | 5.6 bp −$6 | 17.6 bp −$176 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 1 min ago | 1.55 bp | 7.2 bp −$7 | 132.6 bp −$1,326 | 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 | −0.1785% | 1h | 0.2249 | −0.566% | $41K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0270% | 1h | 0.2259 | −0.141% | $70K | $2.0M | 10x | as long as short |
| Variational Omni ARB | −0.0183% | 8h | 0.2274 | +0.530% | $2.0M | $2.8M | — | as long as short |
| 01 Exchange ARBUSD | −0.0176% | 1h | 0.2258 | −0.190% | $7K | $2K | 10x | as long as short |
| Bybit ARBUSDT | −0.0160% | 8h | 0.2264 | +0.115% | $58.5M | $128.4M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0109% | 8h | 0.2266 | +0.181% | $22.8M | $159.7M | 50x | as long as short |
| MEXC ARB_USDT | −0.0109% | 8h | 0.2265 | +0.141% | $38.0M | $59.9M | 200x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0104% | 1h | 0.2262 | +0.018% | $26K | $32K | 25x | as long as short |
| SoDEX ARB-USDlong | −0.0067% | 1h | 0.2262 | long leg | $4K | $2.6M | 5x | |
| Orderly PERP_ARB_USDC | −0.0038% | 8h | 0.2261 | −0.035% | $13K | $395K | 10x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
Variational Omni ARB
01 Exchange ARBUSD
Bybit ARBUSDT
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Deribit ARB_USDC-PERPETUAL
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2266 | +0.164% | $67K | $4K | 10x | as long as short |
| Gate ARB_USDT | +0.0003% | 8h | 0.2261 | −0.044% | $5.4M | $20.3M | 60x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2262 | +0.026% | $55K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0014% | 8h | 0.2265 | +0.120% | $66.5M | $313.8M | 75x | as long as short |
| Extended ARB-USD | +0.0016% | 1h | 0.2260 | −0.074% | $359K | $2.3M | 25x | as long as short |
| BloFin ARB-USDT | +0.0058% | 8h | 0.2262 | 0.000% | $3.2M | $2.8M | 75x | as long as short |
| Bitget ARBUSDT | +0.0062% | 8h | 0.2260 | −0.080% | $21.3M | $36.0M | 50x | as long as short |
| BingX ARB-USDT | +0.0065% | 8h | 0.2261 | −0.049% | — | $53.9M | — | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2263 | +0.046% | $148K | $12K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2266 | +0.186% | $1.4M | $7.5M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2263 | +0.071% | $40.7M | $47.5M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2262 | +0.023% | $705K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2265 | +0.157% | $48K | $184K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2266 | +0.168% | $19.7M | $16.1M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2268 | +0.258% | $40K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2274 | +0.540% | $486K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2267 | +0.230% | $122K | $296K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2265 | +0.141% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2261 | −0.031% | $288K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2260 | −0.080% | $5.2M | $13.1M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0216% | 1h | 0.2255 | −0.301% | $508K | $2.3M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0236% | 1h | 0.2264 | +0.117% | $1.1M | $4.9M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2258 | −0.147% | $2K | $695 | 20x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0296% / S −0.0186% | 1h | 0.2262 | +0.030% | $924K | — | 150x | as long as short |
| RISEx ARB/USDC | +0.0330% | 1h | 0.2260 | −0.080% | $513K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERPshort | +0.0466% | 1h | 0.2266 | +0.181% | $1.0M | $2.9M | 20x |
dYdX ARB-USD
Gate ARB_USDT
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
BloFin ARB-USDT
Bitget ARBUSDT
BingX ARB-USDT
Aevo ARB-PERP
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
Kraken Futures PF_ARBUSD
Reya ARBRUSDPERP
GMX ARB/USD [ARB-USDC]
RISEx ARB/USDC