Funding you earn now, next payment 01:00 UTC+0.0601%/8h= +65.8% APRnext payment +$0.75 per $10,000 · paid last 24h +0.124%
Price spread now: Backpack against dYdX+0.105%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.334%+$33 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Backpack is 0.105% dearer against dYdX than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.334% in total (about 17.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.75 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 | dYdX ARB-USD | 0.2273 | 0 | get 0.0000% / 1h | 9m 10s | $67K | $4K | 10x |
| Short | Backpack ARB_USDC_PERP | 0.2276 | 0.0601 | get 0.0075% / 1h | 9m 10s | $1.0M | $2.8M | 20x |
dYdX ARB-USD
Backpack ARB_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against dYdX. 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
- $126.17
- Price spread: +0.105% → 0.000%
- $10.5
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $116.67
- Costs to cover
- 0.200%
- Break-even
- 0.5 days
Slippage unknown: dYdX: no order-book sample; Backpack: live order book, 5 min ago. Net counts fees only.
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 dYdX no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 5 min ago | 2.63 bp | 10.7 bp −$11 | 57.7 bp −$577 | doesn't fit | doesn't fit |
dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.1666% | 1h | 0.2261 | −0.537% | $41K | $372K | 12x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0234% | 1h | 0.2273 | −0.018% | $25K | $34K | 25x | as long as short |
| Variational Omni ARB | −0.0201% | 8h | 0.2267 | −0.292% | $2.0M | $2.8M | — | as long as short |
| 01 Exchange ARBUSD | −0.0144% | 1h | 0.2275 | +0.070% | $7K | $2K | 10x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0137% | 1h | 0.2276 | +0.105% | $1.2M | $4.9M | 50x | as long as short |
| Bybit ARBUSDT | −0.0108% | 8h | 0.2271 | −0.111% | $59.1M | $126.7M | 50x | as long as short |
| MEXC ARB_USDT | −0.0107% | 8h | 0.2273 | −0.014% | $39.2M | $59.4M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0107% | 8h | 0.2270 | −0.133% | $23.2M | $158.1M | 50x | as long as short |
| SoDEX ARB-USD | −0.0064% | 1h | 0.2272 | −0.045% | $10K | $2.5M | 5x | as long as short |
| Orderly PERP_ARB_USDC | −0.0049% | 8h | 0.2272 | −0.053% | $13K | $389K | 10x | as long as short |
Injective ARB/USDC PERP
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-USDlong | 0.0000% | 1h | 0.2273 | long leg | $67K | $4K | 10x | |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2275 | +0.065% | $33K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0024% | 8h | 0.2273 | −0.029% | $67.2M | $310.5M | 75x | as long as short |
| Extended ARB-USD | +0.0024% | 1h | 0.2271 | −0.076% | $366K | $2.5M | 25x | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2274 | +0.024% | $144K | $7K | 3x | as long as short |
| BingX ARB-USDC | +0.0094% | 8h | 0.2272 | −0.040% | — | $6.5M | — | as long as short |
| BloFin ARB-USDT | +0.0095% | 8h | 0.2271 | −0.080% | $3.2M | $2.9M | 75x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2274 | +0.043% | $1.4M | $7.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2276 | +0.127% | $41.3M | $47.2M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2274 | +0.035% | $707K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2274 | +0.017% | $45K | $183K | 10x | as long as short |
| Gate ARB_USDT | +0.0100% | 8h | 0.2274 | +0.017% | $5.5M | $20.0M | 60x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2275 | +0.057% | $19.8M | $15.8M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2274 | +0.035% | $21.8M | $35.7M | 50x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2269 | −0.191% | $41K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2276 | +0.123% | $488K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2270 | −0.141% | $122K | $296K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2275 | +0.057% | $65K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2276 | +0.123% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2278 | +0.211% | $297K | $976K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2274 | +0.035% | $5.2M | $12.9M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0232% | 1h | 0.2275 | +0.083% | $523K | $2.3M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2272 | −0.061% | $2K | $695 | 20x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0291% / S −0.0179% | 1h | 0.2274 | +0.049% | $910K | — | 150x | as long as short |
| RISEx ARB/USDC | +0.0384% | 1h | 0.2279 | +0.234% | $517K | $2.6M | 10x | as long as short |
| Backpack ARB_USDC_PERPshort | +0.0601% | 1h | 0.2276 | +0.105% | $1.0M | $2.8M | 20x |
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
Aevo ARB-PERP
BingX ARB-USDC
BloFin ARB-USDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
Gate ARB_USDT
KuCoin ARBUSDTM
Bitget ARBUSDT
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