Funding you earn now, next payment 20:00 UTC+0.0259%/8hnext payment +$0.32 per $10,000 · paid last 24h +0.016%
Price spread now: Backpack against Reya+0.193%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Backpack is 0.193% dearer against Reya than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya ARBRUSDPERP | 0.2275 | 0.0291 | pay 0.0036% / 1h | 8m 46s | $2K | $695 | 20x |
| Short | Backpack ARB_USDC_PERP | 0.2280 | 0.0550 | get 0.0069% / 1h | 8m 46s | $973K | $2.8M | 20x |
Reya ARBRUSDPERP
Backpack ARB_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Reya. 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
- $54.43
- Price spread: +0.193% → 0.000%
- $19.27
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $57.7
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: Reya: 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 Reya no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 5 min ago | 0.66 bp | 9.4 bp −$9 | 54.8 bp −$548 | doesn't fit | doesn't fit |
Reya: 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 | −0.1732% | 1h | 0.2276 | +0.034% | $41K | $157K | 12x | as long as short |
| Bybit ARBUSDT | −0.0304% | 8h | 0.2276 | +0.021% | $59.4M | $131.3M | 50x | as long as short |
| SoDEX ARB-USD | −0.0212% | 1h | 0.2275 | +0.008% | $5K | $2.8M | 5x | as long as short |
| Variational Omni ARB | −0.0144% | 8h | 0.2274 | −0.043% | $1.9M | $2.8M | — | as long as short |
| 01 Exchange ARBUSD | −0.0120% | 1h | 0.2277 | +0.061% | $7K | $2K | 10x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0026% | 1h | 0.2278 | +0.107% | $1.1M | $5.1M | 50x | as long as short |
| Polymarket Perps ARB-USD | −0.0024% | 1h | 0.2276 | +0.048% | $70K | $2.4M | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0011% | 8h | 0.2276 | +0.034% | $23.7M | $166.6M | 50x | as long as short |
| MEXC ARB_USDT | −0.0011% | 8h | 0.2277 | +0.078% | $39.3M | $63.2M | 200x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2279 | +0.149% | $67K | $4K | 10x | as long as short |
Injective ARB/USDC PERP
Bybit ARBUSDT
SoDEX ARB-USD
Variational Omni ARB
01 Exchange ARBUSD
Kraken Futures PF_ARBUSD
Polymarket Perps ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
dYdX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2276 | +0.052% | $37K | $18K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2278 | +0.114% | $60K | — | 150x | as long as short |
| Orderly PERP_ARB_USDC | +0.0009% | 8h | 0.2276 | +0.034% | $11K | $387K | 10x | as long as short |
| Binance ARBUSDT | +0.0067% | 8h | 0.2277 | +0.072% | $65.0M | $318.5M | 75x | as long as short |
| Extended ARB-USD | +0.0072% | 1h | 0.2276 | +0.036% | $363K | $2.5M | 25x | as long as short |
| ApeX Omni ARBUSDT | +0.0093% | 1h | 0.2287 | +0.518% | $126K | $272K | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2279 | +0.149% | $1.4M | $7.6M | 15x | as long as short |
| Aevo ARB-PERP | +0.0096% | 1h | 0.2277 | +0.077% | $152K | $9K | 3x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2279 | +0.184% | $42.1M | $51.2M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2279 | +0.157% | $717K | $1.8M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2279 | +0.153% | $54K | $194K | 10x | as long as short |
| Gate ARB_USDT | +0.0100% | 8h | 0.2277 | +0.087% | $5.6M | $21.6M | 60x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2278 | +0.109% | $21.3M | $17.2M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2277 | +0.078% | $21.4M | $38.1M | 50x | as long as short |
| BingX ARB-USDT | +0.0100% | 8h | 0.2276 | +0.048% | — | $55.1M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2284 | +0.394% | $39K | $446K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2277 | +0.078% | $488K | $4.1M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2278 | +0.122% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2276 | +0.030% | $281K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2278 | +0.122% | $5.6M | $14.0M | 50x | as long as short |
| BloFin ARB-USDT | +0.0191% | 8h | 0.2276 | +0.012% | $3.2M | $3.1M | 75x | as long as short |
| Reya ARBRUSDPERPlong | +0.0291% | 1h | 0.2275 | long leg | $2K | $695 | 20x | |
| GMX ARB/USD [ARB-USDC] | L +0.0315% / S −0.0212% | 1h | 0.2278 | +0.111% | $892K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0328% | 1h | 0.2282 | +0.298% | $511K | $2.5M | 50x | as long as short |
| Backpack ARB_USDC_PERPshort | +0.0550% | 1h | 0.2280 | +0.193% | $973K | $2.8M | 20x | |
| RISEx ARB/USDC | +0.0564% | 1h | 0.2281 | +0.233% | $544K | $2.9M | 10x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Orderly PERP_ARB_USDC
Binance ARBUSDT
Extended ARB-USD
ApeX Omni ARBUSDT
Lighter ARB
Aevo ARB-PERP
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
Gate ARB_USDT
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDT
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
RISEx ARB/USDC