Funding you earn now, next payment 01:00 UTC−0.2269%/8h= −248.4% APRnext payment −$2.84 per $10,000 · paid last 24h −0.610%
Price spread now: Injective against Backpack−0.484%7-day average −0.497% · you buy dearer than you sell
Net, funding: paid 7d − costs−$495as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1211.213% of the position
Funding, last 7 days−3.735%−$373 on $10k
+Price spread, last 3 days (all we have)+0.416%+$42 · spread now −0.484%, 7d avg −0.497%
=The price spread sits at its 7-day average of −0.497%, so right now this pair is about funding alone: −$68 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack ARB_USDC_PERP | 0.2271 | 0.0602 | pay 0.0075% / 1h | 10m 53s | $1.0M | $2.8M | 20x |
| Short | Injective ARB/USDC PERP | 0.2260 | −0.1666 | pay 0.0208% / 1h | 10m 53s | $41K | $372K | 12x |
Backpack ARB_USDC_PERP
Injective ARB/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$476.44
- Price spread: −0.484% → −0.497%
- $1.22
- Slippage, 4 orders
- −$111.28
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$596.52
- Costs to cover
- 1.213%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 3 min ago; Injective: live order book, 63 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, 3 min ago | 2.63 bp | 9.4 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective live order book, 63 min ago | 50.58 bp | 50.6 bp −$51 | doesn't fit | 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 PERPshort | −0.1666% | 1h | 0.2260 | −0.484% | $41K | $372K | 12x | |
| Deribit ARB_USDC-PERPETUAL | −0.0235% | 1h | 0.2269 | −0.106% | $25K | $34K | 25x | as long as short |
| Variational Omni ARB | −0.0201% | 8h | 0.2267 | −0.195% | $2.0M | $2.8M | — | as long as short |
| 01 Exchange ARBUSD | −0.0144% | 1h | 0.2269 | −0.075% | $7K | $2K | 10x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0137% | 1h | 0.2270 | −0.022% | $1.2M | $4.9M | 50x | as long as short |
| Bybit ARBUSDT | −0.0126% | 8h | 0.2274 | +0.119% | $59.1M | $126.6M | 50x | as long as short |
| MEXC ARB_USDT | −0.0108% | 8h | 0.2273 | +0.066% | $39.2M | $59.4M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0107% | 8h | 0.2275 | +0.172% | $23.1M | $158.4M | 50x | as long as short |
| SoDEX ARB-USD | −0.0062% | 1h | 0.2268 | −0.123% | $10K | $2.5M | 5x | as long as short |
| Orderly PERP_ARB_USDC | −0.0049% | 8h | 0.2268 | −0.132% | $12K | $388K | 10x | as long as short |
Deribit ARB_USDC-PERPETUAL
Variational Omni ARB
01 Exchange ARBUSD
Kraken Futures PF_ARBUSD
Bybit ARBUSDT
MEXC ARB_USDT
OKX ARB-USDT-SWAP
SoDEX ARB-USD
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 | 0.2272 | +0.031% | $67K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2270 | −0.061% | $33K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0023% | 8h | 0.2274 | +0.121% | $67.2M | $310.4M | 75x | as long as short |
| Extended ARB-USD | +0.0024% | 1h | 0.2270 | −0.029% | $366K | $2.5M | 25x | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2270 | −0.063% | $144K | $7K | 3x | as long as short |
| BloFin ARB-USDT | +0.0091% | 8h | 0.2269 | −0.092% | $3.2M | $2.9M | 75x | as long as short |
| BingX ARB-USDC | +0.0094% | 8h | 0.2274 | +0.123% | — | $6.5M | — | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2270 | −0.035% | $1.4M | $7.3M | 15x | as long as short |
| Bitget ARBUSDT | +0.0098% | 8h | 0.2275 | +0.176% | $21.8M | $35.7M | 50x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2278 | +0.304% | $41.3M | $47.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2270 | −0.039% | $706K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2272 | +0.052% | $45K | $184K | 10x | as long as short |
| Gate ARB_USDT | +0.0100% | 8h | 0.2274 | +0.128% | $5.5M | $20.0M | 60x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2274 | +0.137% | $19.8M | $15.8M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2262 | −0.376% | $41K | $464K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2276 | +0.220% | $488K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2264 | −0.308% | $122K | $296K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2270 | −0.048% | $65K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2269 | −0.088% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2268 | −0.110% | $296K | $976K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2270 | −0.044% | $5.2M | $12.9M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0232% | 1h | 0.2272 | +0.048% | $523K | $2.3M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2268 | −0.134% | $2K | $695 | 20x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0291% / S −0.0179% | 1h | 0.2269 | −0.077% | $908K | — | 150x | as long as short |
| RISEx ARB/USDC | +0.0384% | 1h | 0.2271 | +0.013% | $517K | $2.6M | 10x | as long as short |
| Backpack ARB_USDC_PERPlong | +0.0602% | 1h | 0.2271 | long leg | $1.0M | $2.8M | 20x |
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
Aevo ARB-PERP
BloFin ARB-USDT
BingX ARB-USDC
Lighter ARB
Bitget ARBUSDT
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
Gate ARB_USDT
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
GMX ARB/USD [ARB-USDC]
RISEx ARB/USDC