Funding you earn now, next payment 22:00 UTC+0.0520%/8h= +57.0% APRpaid last 24h +0.064%
Price spread now: Backpack against BloFin+0.192%7-day average +0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$410.413% of the position
Funding, last 7 days+0.072%+$7 on $10k
+Price spread, last 3 days (all we have)−1.275%−$127 · spread now +0.192%, 7d avg +0.058%
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Backpack is 0.134% dearer against BloFin than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.058%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.072% in total (about 3.7% 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 | BloFin ARB-USDT | 0.2241 | 0.0041 | pay 0.0041% / 8h | 2h 20m | $3.0M | $3.3M | 75x |
| Short | Backpack ARB_USDC_PERP | 0.2245 | 0.0561 | get 0.0070% / 1h | 20m 43s | $1.1M | $2.7M | 20x |
BloFin ARB-USDT
Backpack ARB_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against BloFin. 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
- $109.27
- Price spread: +0.192% → +0.058%
- $13.41
- Slippage, 4 orders
- −$19.26
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $81.43
- Costs to cover
- 0.413%
- Break-even
- 1.8 days
Slippage from BloFin: live order book, 3 min ago; Backpack: 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 BloFin live order book, 3 min ago | 4.02 bp | 11.6 bp −$12 | 26.4 bp −$264 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 3 min ago | 1.56 bp | 10.6 bp −$11 | 107.8 bp −$1,078 | 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 | 0.2230 | −0.478% | $40K | $197K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0288% | 1h | 0.2241 | +0.018% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0169% | 8h | 0.2250 | +0.416% | $1.9M | $2.8M | — | as long as short |
| Bybit ARBUSDT | −0.0162% | 8h | 0.2243 | +0.103% | $56.4M | $135.9M | 50x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0151% | 1h | 0.2241 | +0.022% | $38K | $20K | 25x | as long as short |
| SoDEX ARB-USD | −0.0121% | 1h | 0.2241 | +0.004% | $4K | $2.9M | 5x | as long as short |
| OKX ARB-USDT-SWAP | −0.0099% | 8h | 0.2242 | +0.058% | $22.3M | $165.3M | 50x | as long as short |
| MEXC ARB_USDT | −0.0095% | 8h | 0.2242 | +0.062% | $37.4M | $63.7M | 200x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0053% | 1h | 0.2242 | +0.076% | $1.1M | $5.2M | 50x | as long as short |
| Polymarket Perps ARB-USD | −0.0030% | 1h | 0.2240 | −0.031% | $77K | $2.2M | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Variational Omni ARB
Bybit ARBUSDT
Deribit ARB_USDC-PERPETUAL
SoDEX ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Kraken Futures PF_ARBUSD
Polymarket Perps ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ARB_USDC | −0.0017% | 8h | 0.2240 | −0.031% | $11K | $388K | 10x | as long as short |
| Extended ARB-USD | −0.0008% | 1h | 0.2242 | +0.065% | $357K | $2.4M | 25x | as long as short |
| Binance ARBUSDT | −0.0005% | 8h | 0.2243 | +0.121% | $63.8M | $324.8M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2243 | +0.098% | $66K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2241 | +0.013% | $56K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0009% | 8h | 0.2243 | +0.125% | $5.5M | $21.6M | 60x | as long as short |
| BloFin ARB-USDTlong | +0.0041% | 8h | 0.2241 | long leg | $3.0M | $3.3M | 75x | |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2242 | +0.054% | $147K | $12K | 3x | as long as short |
| BingX ARB-USDT | +0.0086% | 8h | 0.2242 | +0.062% | — | $54.0M | — | as long as short |
| Bitget ARBUSDT | +0.0087% | 8h | 0.2243 | +0.103% | $21.1M | $38.4M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2244 | +0.152% | $1.3M | $7.7M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2245 | +0.205% | $40.1M | $52.8M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2242 | +0.067% | $697K | $1.8M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2243 | +0.089% | $47K | $200K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2243 | +0.125% | $20.7M | $17.0M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2241 | 0.000% | $40K | $455K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2241 | +0.013% | $483K | $4.1M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2243 | +0.103% | $121K | $297K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2242 | +0.058% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2240 | −0.031% | $276K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2242 | +0.058% | $5.3M | $13.7M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0154% / S −0.0018% | 1h | 0.2241 | +0.035% | $850K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2245 | +0.192% | $503K | $2.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2238 | −0.129% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0546% | 1h | 0.2243 | +0.118% | $493K | $2.9M | 10x | as long as short |
| Backpack ARB_USDC_PERPshort | +0.0561% | 1h | 0.2245 | +0.192% | $1.1M | $2.7M | 20x |
Orderly PERP_ARB_USDC
Extended ARB-USD
Binance ARBUSDT
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Aevo ARB-PERP
BingX ARB-USDT
Bitget ARBUSDT
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
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
RISEx ARB/USDC