Funding you earn now, next payment 08:00 UTC+0.0091%/8h= +10.0% APRpaid last 24h +0.014%
Price spread now: Kraken Futures against Binance−0.012%7-day average +0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$450.445% of the position
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 4 days (all we have)+0.439%+$44 · spread now −0.012%, 7d avg +0.063%
=Funding pays, the price is against you. Kraken Futures is 0.075% cheaper against Binance than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.063%). If the spread goes back, that is −$7 on $10k: about 2.7 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ARBUSDT | 0.2188 | 0.0002 | pay 0.0002% / 8h | 7h 59m | $63.1M | $299.1M | 75x |
| Short | Kraken Futures PF_ARBUSD | 0.2187 | 0.0093 | get 0.0012% / 1h | 59m 33s | $1.1M | $4.3M | 50x |
Binance ARBUSDT
Kraken Futures PF_ARBUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- $19.13
- Price spread: −0.012% → +0.063%
- −$7.46
- Slippage, 4 orders
- −$24.51
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$32.84
- Costs to cover
- 0.445%
- Break-even
- 19.0 days
Slippage from Binance: live order book, 14 min ago; Kraken Futures: live order book, 4 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 Binance live order book, 14 min ago | 0.23 bp | 8.5 bp −$8 | 21.2 bp −$212 | 73.5 bp −$7,354 | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 8.25 bp | 15.8 bp −$16 | 24.4 bp −$244 | 495.1 bp −$49.5K | 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 | −0.1612% | 1h | 0.2174 | −0.619% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0128% | 1h | 0.2187 | −0.025% | $7K | $236 | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0070% | 8h | 0.2186 | −0.057% | $22.0M | $144.9M | 50x | as long as short |
| MEXC ARB_USDT | −0.0070% | 8h | 0.2188 | +0.026% | $41.9M | $62.2M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0041% | 8h | 0.2186 | −0.070% | $16K | $410K | 10x | as long as short |
| SoDEX ARB-USD | −0.0020% | 1h | 0.2186 | −0.052% | $9K | $2.2M | 5x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2188 | +0.007% | $65K | $4K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2187 | −0.002% | $350K | $3.1M | 25x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2188 | −0.002% | $28K | $38K | 25x | as long as short |
| Binance ARBUSDTlong | +0.0002% | 8h | 0.2188 | long leg | $63.1M | $299.1M | 75x |
Injective ARB/USDC PERP
01 Exchange ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Orderly PERP_ARB_USDC
SoDEX ARB-USD
dYdX ARB-USD
Extended ARB-USD
Deribit ARB_USDC-PERPETUALShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2188 | +0.018% | $73K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0022% | 8h | 0.2188 | +0.039% | $5.4M | $18.0M | 60x | as long as short |
| Variational Omni ARB | +0.0029% | 8h | 0.2187 | −0.040% | $1.8M | $3.0M | — | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2188 | +0.002% | $139K | $7K | 3x | as long as short |
| Bitget ARBUSDT | +0.0087% | 8h | 0.2187 | −0.025% | $21.1M | $34.6M | 50x | as long as short |
| BingX ARB-USDT | +0.0087% | 8h | 0.2188 | +0.035% | — | $32.9M | — | as long as short |
| Kraken Futures PF_ARBUSDshort | +0.0093% | 1h | 0.2187 | −0.012% | $1.1M | $4.3M | 50x | |
| Lighter ARB | +0.0096% | 1h | 0.2187 | −0.025% | $1.3M | $5.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2188 | +0.003% | $36.6M | $49.7M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2188 | +0.039% | $626K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2189 | +0.047% | $43K | $146K | 10x | as long as short |
| Bybit ARBUSDT | +0.0100% | 8h | 0.2186 | −0.052% | $53.2M | $125.9M | 50x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2188 | +0.035% | $19.5M | $13.9M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2181 | −0.297% | $39K | $466K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2186 | −0.089% | $464K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2184 | −0.162% | $118K | $268K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2188 | +0.021% | $73K | $2.1M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2189 | +0.067% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2190 | +0.135% | $293K | $836K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2187 | −0.025% | $4.8M | $12.8M | 50x | as long as short |
| BloFin ARB-USDT | +0.0120% | 8h | 0.2187 | −0.038% | $3.0M | $2.3M | 75x | as long as short |
| RISEx ARB/USDC | +0.0123% | 1h | 0.2189 | +0.065% | $511K | $2.7M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0277% / S −0.0160% | 1h | 0.2188 | +0.003% | $829K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2185 | −0.099% | $2K | $695 | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0336% | 1h | 0.2190 | +0.113% | $514K | $1.5M | 50x | as long as short |
| Backpack ARB_USDC_PERP | +0.0405% | 1h | 0.2189 | +0.081% | $979K | $2.8M | 20x | as long as short |
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Variational Omni ARB
Aevo ARB-PERP
Bitget ARBUSDT
BingX ARB-USDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
Bybit ARBUSDT
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Coinbase International ARB-PERP-INTX
Backpack ARB_USDC_PERP