ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0150%/8h= −16.5% APRnext payment −$0.19 per $10,000 · paid last 24h −0.016%

Price spread now: Kraken Futures against ApeX Omni+0.281%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$770.770% of the position

Long on ApeX Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.171%−$17 on $10k

Price spread, last 4 days (all we have)+0.367%+$37 · spread now +0.281%, 7d avg +0.042%

Together, before fees+0.196%+$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.239% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.281% now, against its 7-day average of +0.042%): +$24 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 5.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ARBUSDT	0.2178	0.0100	pay 0.0013% / 1h	0m 36s	$117K	$283K	50x
Short	Kraken Futures PF_ARBUSD	0.2184	−0.0050	pay 0.0006% / 1h	0m 36s	$1.1M	$4.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee Kraken FuturesbpOrdersPrice spread, now +0.281%Rate

Funding earned: −$31.59
Price spread: +0.281% → +0.042%: $23.9
Slippage, 4 orders: −$57.02
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$84.7
Costs to cover: 0.770%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 52 min ago; Kraken Futures: 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 ApeX Omni live order book, 52 min ago	9.11 bp	18.0 bp −$18	107.5 bp −$1,075	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	6.43 bp	18.8 bp −$19	31.0 bp −$310	567.3 bp −$56.7K	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	−0.1589%	1h	0.2169	−0.413%	$39K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0186%	1h	0.2181	+0.138%	$71K	$2.1M	10x	as long as short
OKX ARB-USDT-SWAP	−0.0095%	8h	0.2183	+0.243%	$21.8M	$142.3M	50x	as long as short
MEXC ARB_USDT	−0.0094%	8h	0.2183	+0.248%	$41.6M	$61.3M	200x	as long as short
Variational Omni ARB	−0.0093%	8h	0.2180	+0.100%	$1.8M	$3.0M	—	as long as short
Orderly PERP_ARB_USDC	−0.0061%	8h	0.2183	+0.230%	$12K	$407K	10x	as long as short
Bybit ARBUSDT	−0.0058%	8h	0.2182	+0.202%	$54.5M	$123.6M	50x	as long as short
Kraken Futures PF_ARBUSDshort	−0.0050%	1h	0.2184	+0.281%	$1.1M	$4.4M	50x
01 Exchange ARBUSD	−0.0040%	1h	0.2180	+0.073%	$7K	$1K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2185	+0.303%	$65K	$5K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2184	+0.266%	$24K	$31K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2183	+0.223%	$44K	—	150x	as long as short
Gate ARB_USDT	+0.0008%	8h	0.2184	+0.275%	$5.3M	$18.3M	60x	as long as short
Bitget ARBUSDT	+0.0050%	8h	0.2183	+0.230%	$20.8M	$34.1M	50x	as long as short
Extended ARB-USD	+0.0064%	1h	0.2183	+0.236%	$347K	$2.8M	25x	as long as short
BingX ARB-USDT	+0.0064%	8h	0.2184	+0.271%	—	$53.7M	—	as long as short
Binance ARBUSDT	+0.0068%	8h	0.2184	+0.262%	$62.9M	$300.4M	75x	as long as short
Lighter ARB	+0.0096%	1h	0.2183	+0.239%	$1.2M	$5.5M	15x	as long as short
Aevo ARB-PERP	+0.0096%	1h	0.2184	+0.275%	$139K	$7K	3x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2184	+0.271%	$36.9M	$48.8M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2183	+0.222%	$629K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2183	+0.233%	$42K	$160K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2183	+0.230%	$19.5M	$14.5M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2178	−0.016%	$38K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2176	−0.092%	$472K	$3.5M	10x	as long as short
ApeX Omni ARBUSDTlong	+0.0100%	1h	0.2178	long leg	$117K	$283K	50x
SunX ARB-USDT	+0.0100%	8h	0.2185	+0.321%	$2K	$1.1M	30x	as long as short
SoDEX ARB-USD	+0.0100%	1h	0.2183	+0.225%	$10K	$2.2M	5x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2184	+0.257%	$295K	$880K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2182	+0.184%	$4.9M	$12.8M	50x	as long as short
RISEx ARB/USDC	+0.0118%	1h	0.2184	+0.280%	$441K	$2.6M	10x	as long as short
BloFin ARB-USDT	+0.0187%	8h	0.2182	+0.207%	$3.1M	$2.5M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0256%	1h	0.2183	+0.230%	$499K	$1.6M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0277% / S −0.0160%	1h	0.2183	+0.207%	$829K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2181	+0.132%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0581%	1h	0.2187	+0.395%	$981K	$2.8M	20x	as long as short