Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0132%/8h= −14.4% APRpaid last 24h −0.033%

Price spread now: Kraken Futures against BloFin−0.112%57s7-day average +0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as 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−$640.642% of the position

Long on BloFin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.214%−$21 on $10k

Price spread, last 4 days (all we have)+0.466%+$47 · spread now −0.112%, 7d avg +0.054%

Together, before fees+0.252%+$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Kraken Futures is 0.166% cheaper against BloFin than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.054%). Swap the legs. 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 ARB-USDT	0.2226	0.0034	pay 0.0034% / 8h	5h 32m	$3.1M	$2.7M	75x
Short	Kraken Futures PF_ARBUSD	0.2223	−0.0098	pay 0.0012% / 1h	32m 08s	$1.1M	$4.5M	50x

Funding 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 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 BloFinbpFee Kraken FuturesbpOrdersPrice spread, now −0.112%Rate

Funding earned: −$27.71
Price spread: −0.112% → +0.054%: −$16.58
Slippage, 4 orders: −$42.2
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$108.49
Costs to cover: 0.642%
Break-even: never at this rate

Slippage from BloFin: live order book, 11 min ago; Kraken Futures: live order book, 2 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, 11 min ago	1.35 bp	14.2 bp −$14	24.7 bp −$247	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	11.24 bp	18.5 bp −$19	26.5 bp −$265	529.8 bp −$53.0K	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	−0.1577%	1h	0.2209	−0.755%	$40K	$372K	12x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0155%	1h	0.2222	−0.153%	$24K	$34K	25x	as long as short
Variational Omni ARB	−0.0151%	8h	0.2222	−0.161%	$1.9M	$2.9M	—	as long as short
01 Exchange ARBUSD	−0.0136%	1h	0.2224	−0.090%	$7K	$2K	10x	as long as short
OKX ARB-USDT-SWAP	−0.0130%	8h	0.2222	−0.157%	$22.4M	$151.3M	50x	as long as short
MEXC ARB_USDT	−0.0129%	8h	0.2222	−0.175%	$38.2M	$59.1M	200x	as long as short
SoDEX ARB-USD	−0.0124%	1h	0.2222	−0.175%	$10K	$2.4M	5x	as long as short
Kraken Futures PF_ARBUSDshort	−0.0098%	1h	0.2223	−0.112%	$1.1M	$4.5M	50x
Bybit ARBUSDT	−0.0094%	8h	0.2225	−0.058%	$56.5M	$126.1M	50x	as long as short
Gate ARB_USDT	−0.0093%	8h	0.2222	−0.153%	$5.4M	$19.1M	60x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps ARB-USD	−0.0088%	1h	0.2224	−0.090%	$96K	$2.1M	10x	as long as short
Orderly PERP_ARB_USDC	−0.0071%	8h	0.2222	−0.171%	$12K	$385K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2225	−0.029%	$66K	$5K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0013%	1h	0.2224	−0.073%	$11K	—	150x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2221	−0.223%	$355K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0011%	8h	0.2225	−0.054%	$64.7M	$308.4M	75x	as long as short
BloFin ARB-USDTlong	+0.0034%	8h	0.2226	long leg	$3.1M	$2.7M	75x
ApeX Omni ARBUSDT	+0.0049%	1h	0.2224	−0.081%	$120K	$283K	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2223	−0.145%	$141K	$7K	3x	as long as short
Bitget ARBUSDT	+0.0094%	8h	0.2221	−0.216%	$21.2M	$34.8M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2222	−0.171%	$1.2M	$6.4M	15x	as long as short
BingX ARB-USDC	+0.0097%	8h	0.2223	−0.148%	—	$6.5M	—	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2224	−0.072%	$38.6M	$49.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2222	−0.152%	$651K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2224	−0.068%	$42K	$178K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2223	−0.139%	$19.6M	$15.5M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2223	−0.130%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2224	−0.092%	$475K	$3.6M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2225	−0.036%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2224	−0.067%	$298K	$941K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2224	−0.081%	$5.0M	$12.9M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2226	+0.009%	$508K	$2.0M	50x	as long as short
RISEx ARB/USDC	+0.0232%	1h	0.2225	−0.016%	$492K	$2.7M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2224	−0.086%	$830K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2222	−0.167%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0573%	1h	0.2225	−0.031%	$1.0M	$2.8M	20x	as long as short