Funding you earn now, next payment 23:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h −0.012%
Price spread now: Kraken Futures against BingX+0.084%7-day average +0.095% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$510.505% of the position
Funding, last 7 days−0.150%−$15 on $10k
+Price spread, last 3 days (all we have)+0.710%+$71 · spread now +0.084%, 7d avg +0.095%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ARB-USDT | 0.2241 | 0.0082 | pay 0.0082% / 8h | 1h 37m | — | $53.5M | — |
| Short | Kraken Futures PF_ARBUSD | 0.2243 | 0.0085 | get 0.0011% / 1h | 37m 46s | $1.1M | $5.2M | 50x |
BingX ARB-USDT
Kraken Futures PF_ARBUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- $0.59
- Price spread: +0.084% → +0.095%
- −$1.08
- Slippage, 4 orders
- −$30.5
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$50.99
- Costs to cover
- 0.505%
- Break-even
- 611.5 days
Slippage from BingX: live order book, 16 min ago; Kraken Futures: live order book, 1 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 BingX live order book, 16 min ago | 1.12 bp | 6.5 bp −$6 | 8.7 bp −$87 | 17.8 bp −$1,780 | 47.8 bp −$23.9K |
| Sell Kraken Futures live order book, 1 min ago | 8.24 bp | 17.6 bp −$18 | 26.2 bp −$262 | 515.8 bp −$51.6K | 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 | −0.1770% | 1h | 0.2226 | −0.656% | $40K | $283K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0224% | 1h | 0.2242 | +0.071% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0162% | 8h | 0.2236 | −0.192% | $1.9M | $2.8M | — | as long as short |
| Bybit ARBUSDT | −0.0140% | 8h | 0.2240 | −0.013% | $57.7M | $135.7M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0100% | 8h | 0.2241 | 0.000% | $22.4M | $163.1M | 50x | as long as short |
| MEXC ARB_USDT | −0.0099% | 8h | 0.2241 | +0.009% | $37.5M | $62.4M | 200x | as long as short |
| SoDEX ARB-USD | −0.0060% | 1h | 0.2241 | +0.004% | $4K | $2.8M | 5x | as long as short |
| Polymarket Perps ARB-USD | −0.0048% | 1h | 0.2242 | +0.071% | $76K | $2.2M | 10x | as long as short |
| Orderly PERP_ARB_USDC | −0.0027% | 8h | 0.2243 | +0.103% | $10K | $394K | 10x | as long as short |
| Extended ARB-USD | −0.0008% | 1h | 0.2240 | −0.038% | $356K | $2.4M | 25x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Variational Omni ARB
Bybit ARBUSDT
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
Polymarket Perps ARB-USD
Orderly PERP_ARB_USDC
Extended ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | −0.0007% | 8h | 0.2241 | −0.002% | $64.0M | $322.6M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2242 | +0.057% | $66K | $4K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2244 | +0.147% | $26K | $32K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2244 | +0.156% | $56K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0030% | 8h | 0.2241 | +0.004% | $5.5M | $20.7M | 60x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2243 | +0.091% | $147K | $12K | 3x | as long as short |
| BingX ARB-USDTlong | +0.0082% | 8h | 0.2241 | long leg | — | $53.5M | — | |
| Bitget ARBUSDT | +0.0084% | 8h | 0.2242 | +0.058% | $21.0M | $37.9M | 50x | as long as short |
| Kraken Futures PF_ARBUSDshort | +0.0085% | 1h | 0.2243 | +0.084% | $1.1M | $5.2M | 50x | |
| Lighter ARB | +0.0096% | 1h | 0.2242 | +0.040% | $1.3M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2243 | +0.089% | $40.0M | $50.9M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2241 | +0.014% | $696K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2242 | +0.047% | $45K | $197K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2242 | +0.040% | $20.6M | $16.8M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2235 | −0.261% | $40K | $460K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2235 | −0.233% | $481K | $4.0M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2235 | −0.254% | $121K | $294K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2244 | +0.147% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2242 | +0.076% | $277K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2241 | +0.013% | $5.2M | $13.5M | 50x | as long as short |
| BloFin ARB-USDT | +0.0109% | 8h | 0.2240 | −0.027% | $3.0M | $3.3M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0264% | 1h | 0.2243 | +0.103% | $509K | $2.4M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0275% / S −0.0158% | 1h | 0.2244 | +0.158% | $842K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2241 | +0.035% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0363% | 1h | 0.2242 | +0.036% | $494K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0639% | 1h | 0.2245 | +0.201% | $1.1M | $2.7M | 20x | as long as short |
Binance ARBUSDT
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Aevo ARB-PERP
Bitget ARBUSDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP