Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0126%/8h= +13.8% APRpaid last 24h −0.005%

Price spread now: Kraken Futures against Bybit+0.029%7-day average +0.101% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$610.608% of the position

Long on Bybit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.098%−$10 on $10k

Price spread, last 3 days (all we have)+1.333%+$133 · spread now +0.029%, 7d avg +0.101%

Together, before fees+1.235%+$124 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.073% cheaper against Bybit than usual: you would sell low and buy high (spread +0.029% now, against its 7-day average of +0.101%). If the spread goes back, that is −$7 on $10k: about 46 hours of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.098%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARBUSDT	0.2249	−0.0179	get 0.0179% / 8h	2h 27m	$56.6M	$136.1M	50x
Short	Kraken Futures PF_ARBUSD	0.2250	−0.0053	pay 0.0007% / 1h	27m 32s	$1.1M	$5.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bybit. 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 BybitbpFee Kraken FuturesbpOrdersPrice spread, now +0.029%Rate

Funding earned: $26.4
Price spread: +0.029% → +0.101%: −$7.27
Slippage, 4 orders: −$39.82
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$41.69
Costs to cover: 0.608%
Break-even: 18.1 days

Slippage from Bybit: live order book, 2 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 Bybit live order book, 2 min ago	0.22 bp	12.4 bp −$12	27.5 bp −$275	53.9 bp −$5,387	doesn't fit
Sell Kraken Futures live order book, 1 min ago	9.11 bp	24.6 bp −$25	35.4 bp −$354	869.1 bp −$86.9K	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	−0.1675%	1h	0.2239	−0.458%	$40K	$197K	12x	as long as short
01 Exchange ARBUSD	−0.0288%	1h	0.2249	−0.031%	$7K	$2K	10x	as long as short
Bybit ARBUSDTlong	−0.0179%	8h	0.2249	long leg	$56.6M	$136.1M	50x
Variational Omni ARB	−0.0172%	8h	0.2249	−0.007%	$1.9M	$2.8M	—	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0105%	1h	0.2251	+0.076%	$38K	$20K	25x	as long as short
OKX ARB-USDT-SWAP	−0.0090%	8h	0.2249	−0.031%	$22.4M	$166.1M	50x	as long as short
MEXC ARB_USDT	−0.0088%	8h	0.2249	−0.027%	$37.8M	$63.6M	200x	as long as short
SoDEX ARB-USD	−0.0081%	1h	0.2249	+0.004%	$4K	$2.9M	5x	as long as short
Kraken Futures PF_ARBUSDshort	−0.0053%	1h	0.2250	+0.029%	$1.1M	$5.3M	50x
Orderly PERP_ARB_USDC	−0.0014%	8h	0.2250	+0.031%	$10K	$387K	10x	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	−0.0002%	1h	0.2250	+0.022%	$78K	$2.2M	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2251	+0.084%	$67K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2251	+0.065%	$59K	—	150x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2249	−0.034%	$358K	$2.4M	25x	as long as short
Binance ARBUSDT	+0.0008%	8h	0.2250	+0.024%	$64.0M	$325.0M	75x	as long as short
Gate ARB_USDT	+0.0013%	8h	0.2250	+0.031%	$5.5M	$21.6M	60x	as long as short
BloFin ARB-USDT	+0.0043%	8h	0.2247	−0.084%	$3.0M	$3.3M	75x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2251	+0.092%	$147K	$12K	3x	as long as short
Bitget ARBUSDT	+0.0085%	8h	0.2249	−0.013%	$21.1M	$38.5M	50x	as long as short
BingX ARB-USDC	+0.0085%	8h	0.2249	−0.009%	—	$6.5M	—	as long as short
Lighter ARB	+0.0096%	1h	0.2252	+0.107%	$1.3M	$7.7M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2254	+0.191%	$40.3M	$53.2M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2250	+0.029%	$700K	$1.8M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2251	+0.097%	$47K	$200K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2253	+0.160%	$20.8M	$17.0M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2249	−0.026%	$36K	$453K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2249	−0.009%	$480K	$4.1M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2248	−0.058%	$122K	$297K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2250	+0.031%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2247	−0.107%	$276K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2249	−0.013%	$5.3M	$13.8M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0154% / S −0.0018%	1h	0.2250	+0.038%	$853K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2252	+0.138%	$502K	$2.5M	50x	as long as short
Reya ARBRUSDPERP	+0.0291%	1h	0.2249	+0.008%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0546%	1h	0.2252	+0.101%	$495K	$2.9M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0577%	1h	0.2254	+0.200%	$1.1M	$2.7M	20x	as long as short