Funding you earn now, next payment 09:00 UTC−0.1226%/8h= −134.2% APRpaid last 24h −0.340%
Price spread now: Kraken Futures against BloFin+0.246%57s7-day average +0.125% · you sell dearer than you buy
Net, funding: paid 7d − costs−$303as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1491.487% of the position
Funding, last 7 days−1.546%−$155 on $10k
+Price spread, last 4 days (all we have)−0.548%−$55 · spread now +0.246%, 7d avg +0.125%
=The price spread pays, funding is against you. Kraken Futures is 0.120% dearer against BloFin than usual: you sell high and buy low (spread +0.246% now, against its 7-day average of +0.125%): +$12 on $10k if it goes back. Holding the pair costs −$37 a day in funding at the current rate, which eats that in about 8 hours. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin AR-USDT | 4.2800 | 0.0220 | pay 0.0220% / 8h | 7h 54m | $415K | $443K | 20x |
| Short | Kraken Futures PF_ARUSD | 4.2905 | −0.1006 | pay 0.0126% / 1h | 54m 07s | $53K | $135K | 20x |
BloFin AR-USDT
Kraken Futures PF_ARUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$257.46
- Price spread: +0.246% → +0.125%
- $12.02
- Slippage, 4 orders
- −$126.74
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$394.18
- Costs to cover
- 1.487%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 22 min ago; Kraken Futures: live order book, 43 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, 22 min ago | 3.50 bp | 14.8 bp −$15 | 34.6 bp −$346 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 43 min ago | 38.76 bp | 68.0 bp −$68 | doesn't fit | doesn't fit | doesn't fit |
AR on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ARUSDshort | −0.1006% | 1h | 4.2905 | +0.246% | $53K | $135K | 20x | |
| GMX AR/USD [WBTC.b-USDC] | L −0.0140% / S +0.0550% | 1h | 4.2956 | +0.365% | $552K | — | 50x | as long as short |
| Gate AR_USDT | −0.0132% | 8h | 4.2880 | +0.187% | $2.0M | $3.0M | 50x | as long as short |
| Injective AR/USDC PERP | +0.0033% | 1h | 4.4240 | +3.364% | $2K | $5K | 5.5x | as long as short |
| Hyperliquid AR | +0.0100% | 1h | 4.3003 | +0.474% | $3.9M | $4.4M | 5x | as long as short |
| Aster ARUSDT | +0.0100% | 8h | 4.2907 | +0.251% | $32K | $255K | 10x | as long as short |
| Binance ARUSDT | +0.0100% | 8h | 4.2923 | +0.287% | $8.5M | $45.2M | 75x | as long as short |
| Bybit ARUSDT | +0.0100% | 8h | 4.2920 | +0.280% | $4.4M | $8.3M | 75x | as long as short |
| OKX AR-USDT-SWAP | +0.0100% | 8h | 4.2900 | +0.234% | $2.3M | $14.7M | 20x | as long as short |
| MEXC AR_USDT | +0.0100% | 8h | 4.2930 | +0.304% | $6.0M | $3.7M | 100x | as long as short |
GMX AR/USD [WBTC.b-USDC]
Gate AR_USDT
Injective AR/USDC PERP
Hyperliquid AR
Aster ARUSDT
Binance ARUSDT
Bybit ARUSDT
OKX AR-USDT-SWAP
MEXC AR_USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ARUSDTM | +0.0100% | 8h | 4.2910 | +0.257% | $1.1M | $1.2M | 50x | as long as short |
| Bitget ARUSDT | +0.0100% | 8h | 4.2880 | +0.187% | $3.7M | $4.9M | 75x | as long as short |
| BingX AR-USDT | +0.0100% | 8h | 4.2950 | +0.350% | — | $2.7M | — | as long as short |
| Variational Omni AR | +0.0100% | 8h | 4.2963 | +0.381% | $247K | $513K | — | as long as short |
| ApeX Omni ARUSDT | +0.0100% | 1h | 4.3010 | +0.491% | $20K | $707K | 50x | as long as short |
| Extended AR-USD | +0.0104% | 1h | 4.2911 | +0.259% | $36K | $244K | 10x | as long as short |
| BloFin AR-USDTlong | +0.0220% | 8h | 4.2800 | long leg | $415K | $443K | 20x |
KuCoin ARUSDTM
Bitget ARUSDT
BingX AR-USDT
Variational Omni AR
ApeX Omni ARUSDT
Extended AR-USD