Funding you earn now, next payment 22:00 UTC−0.0357%/8h= −39.0% APRpaid last 24h −0.077%
Price spread now: Aster against Backpack−0.037%7-day average −0.893% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs+$46as in the Price arb table
costs, in and out, $10k−$400.397% of the position
Funding, last 7 days−0.107%−$11 on $10k
+Price spread, last 7 days+0.033%+$3 · spread now −0.037%, 7d avg −0.893%
=Together, before fees−0.074%+ Points / potential airdropAster: Stage 5 · farm board−$7 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.856% dearer against Backpack than usual: you sell high and buy low (spread −0.037% now, against its 7-day average of −0.893%): +$86 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 8.0 days. At the pace of the last 7 days (−0.107% in total) that is about 56 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.107% in total (about -5.6% 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 | Backpack ARB_USDC_PERP | 0.2225 | 0.0457 | pay 0.0057% / 1h | 45m 31s | $1.1M | $2.8M | 20x |
| Short | Aster ARBUSDT | 0.2224 | 0.0100 | get 0.0100% / 8h | 2h 45m | $692K | $1.8M | 20x |
Backpack ARB_USDC_PERP
Aster ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Backpack. 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
- −$74.89
- Price spread: −0.037% → −0.893%
- $85.55
- Slippage, 4 orders
- −$21.75
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$29.08
- Costs to cover
- 0.397%
- Break-even
- from the start
Slippage from Backpack: live order book, 4 min ago; Aster: live order book, 3 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 Backpack live order book, 4 min ago | 1.80 bp | 11.6 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 3 min ago | 3.61 bp | 9.8 bp −$10 | 26.4 bp −$264 | 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 | −0.1675% | 1h | 0.2203 | −0.984% | $40K | $107K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0376% | 1h | 0.2221 | −0.157% | $7K | $2K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0245% | 1h | 0.2220 | −0.238% | $36K | $18K | 25x | as long as short |
| Bybit ARBUSDT | −0.0236% | 8h | 0.2223 | −0.099% | $57.5M | $135.2M | 50x | as long as short |
| Variational Omni ARB | −0.0187% | 8h | 0.2221 | −0.182% | $1.9M | $2.8M | — | as long as short |
| OKX ARB-USDT-SWAP | −0.0060% | 8h | 0.2222 | −0.148% | $22.1M | $164.7M | 50x | as long as short |
| MEXC ARB_USDT | −0.0060% | 8h | 0.2223 | −0.085% | $37.4M | $63.1M | 200x | as long as short |
| SoDEX ARB-USD | −0.0054% | 1h | 0.2218 | −0.319% | $4K | $2.9M | 5x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0054% | 1h | 0.2220 | −0.221% | $1.1M | $5.2M | 50x | as long as short |
| ApeX Omni ARBUSDT | −0.0021% | 1h | 0.2220 | −0.220% | $120K | $297K | 50x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Deribit ARB_USDC-PERPETUAL
Bybit ARBUSDT
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
Kraken Futures PF_ARBUSD
ApeX Omni ARBUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ARB_USDC | −0.0008% | 8h | 0.2220 | −0.220% | $10K | $383K | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0007% | 1h | 0.2222 | −0.112% | $77K | $2.3M | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2225 | −0.013% | $66K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2221 | −0.182% | $55K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0006% | 8h | 0.2222 | −0.112% | $63.3M | $326.0M | 75x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2222 | −0.116% | $353K | $2.5M | 25x | as long as short |
| Gate ARB_USDT | +0.0021% | 8h | 0.2224 | −0.045% | $5.5M | $21.5M | 60x | as long as short |
| BloFin ARB-USDT | +0.0023% | 8h | 0.2220 | −0.207% | $3.0M | $3.3M | 75x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2220 | −0.217% | $145K | $12K | 3x | as long as short |
| Bitget ARBUSDT | +0.0083% | 8h | 0.2222 | −0.130% | $20.8M | $38.9M | 50x | as long as short |
| BingX ARB-USDC | +0.0083% | 8h | 0.2223 | −0.099% | — | $6.5M | — | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2224 | −0.027% | $1.3M | $7.7M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2225 | −0.013% | $39.8M | $53.1M | 10x | as long as short |
| Aster ARBUSDTshort | +0.0100% | 8h | 0.2224 | −0.037% | $692K | $1.8M | 20x | |
| Pacifica ARB | +0.0100% | 1h | 0.2225 | 0.000% | $46K | $207K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2225 | 0.000% | $20.5M | $17.2M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2219 | −0.255% | $38K | $451K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2220 | −0.221% | $476K | $4.2M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2219 | −0.265% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2218 | −0.315% | $273K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2218 | −0.310% | $5.3M | $13.8M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0275% / S −0.0168% | 1h | 0.2220 | −0.222% | $813K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2224 | −0.040% | $508K | $2.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2222 | −0.134% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERPlong | +0.0457% | 1h | 0.2225 | long leg | $1.1M | $2.8M | 20x | |
| RISEx ARB/USDC | +0.0546% | 1h | 0.2225 | +0.002% | $488K | $2.9M | 10x | as long as short |
Orderly PERP_ARB_USDC
Polymarket Perps ARB-USD
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
Gate ARB_USDT
BloFin ARB-USDT
Aevo ARB-PERP
Bitget ARBUSDT
BingX ARB-USDC
Lighter ARB
Hyperliquid ARB
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
RISEx ARB/USDC