Whenever I go to the back-end to edit an item at SharePoint 2010, normally I can mouse-over and I am able to see the arrow. However the arrow seems to be out of place.
I made my mater page to custom master page and default master page setting.
Fix for this as follows
By default, SharePoint use the style class .s4-ctx to control the menu position, It uses inline “absolute” positioning to show the correct Icon “position: absolute”
so add the following code in your custom css
/* fix scrolling on list pages */
#s4-bodyContainer
{
position:relative;
}