Funding you earn now, next payment 23:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h +0.003%
Price spread now: Kraken Futures against Gate+0.057%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$640.645% of the position
Funding, last 7 days−0.034%−$3 on $10k
+Price spread, last 3 days (all we have)+0.749%+$75 · spread now +0.057%, 7d avg +0.078%
=Funding pays, the price is against you. Kraken Futures is 0.021% cheaper against Gate than usual: you would sell low and buy high (spread +0.057% now, against its 7-day average of +0.078%). If the spread goes back, that is −$2 on $10k: about 27 hours of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ARB_USDT | 0.2235 | 0.0025 | pay 0.0025% / 8h | 1h 42m | $5.5M | $20.6M | 60x |
| Short | Kraken Futures PF_ARBUSD | 0.2236 | 0.0085 | get 0.0011% / 1h | 42m 58s | $1.1M | $5.2M | 50x |
Gate ARB_USDT
Kraken Futures PF_ARBUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. 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
- $12.61
- Price spread: +0.057% → +0.078%
- −$2.06
- Slippage, 4 orders
- −$39.49
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$53.94
- Costs to cover
- 0.645%
- Break-even
- 36.9 days
Slippage from Gate: live order book, 1 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 Gate live order book, 1 min ago | 1.57 bp | 19.9 bp −$20 | 28.9 bp −$289 | 81.4 bp −$8,140 | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 6.04 bp | 12.4 bp −$12 | 22.2 bp −$222 | 460.7 bp −$46.1K | 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 | 0.2223 | −0.541% | $40K | $283K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0232% | 1h | 0.2234 | −0.058% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0157% | 8h | 0.2228 | −0.316% | $1.9M | $2.8M | — | as long as short |
| Bybit ARBUSDT | −0.0136% | 8h | 0.2233 | −0.098% | $57.5M | $135.7M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0102% | 8h | 0.2234 | −0.063% | $22.3M | $163.3M | 50x | as long as short |
| MEXC ARB_USDT | −0.0102% | 8h | 0.2234 | −0.036% | $36.6M | $62.2M | 200x | as long as short |
| SoDEX ARB-USD | −0.0068% | 1h | 0.2234 | −0.067% | $4K | $2.8M | 5x | as long as short |
| Polymarket Perps ARB-USD | −0.0056% | 1h | 0.2234 | −0.031% | $76K | $2.2M | 10x | as long as short |
| Orderly PERP_ARB_USDC | −0.0025% | 8h | 0.2234 | −0.049% | $10K | $394K | 10x | as long as short |
| Binance ARBUSDT | −0.0011% | 8h | 0.2234 | −0.036% | $63.7M | $322.6M | 75x | 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
Binance ARBUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ARB-USD | −0.0008% | 1h | 0.2234 | −0.038% | $355K | $2.4M | 25x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2234 | −0.038% | $66K | $4K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2235 | −0.022% | $26K | $32K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2235 | −0.014% | $55K | — | 150x | as long as short |
| Gate ARB_USDTlong | +0.0025% | 8h | 0.2235 | long leg | $5.5M | $20.6M | 60x | |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2235 | −0.004% | $146K | $12K | 3x | as long as short |
| BingX ARB-USDT | +0.0081% | 8h | 0.2234 | −0.049% | — | $53.6M | — | as long as short |
| Bitget ARBUSDT | +0.0082% | 8h | 0.2233 | −0.094% | $20.9M | $38.0M | 50x | as long as short |
| Kraken Futures PF_ARBUSDshort | +0.0085% | 1h | 0.2236 | +0.057% | $1.1M | $5.2M | 50x | |
| Lighter ARB | +0.0096% | 1h | 0.2235 | +0.009% | $1.3M | $7.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2237 | +0.094% | $39.9M | $52.2M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2235 | +0.017% | $695K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2235 | +0.012% | $44K | $197K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2235 | +0.018% | $20.6M | $16.8M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2232 | −0.133% | $36K | $460K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2232 | −0.139% | $480K | $4.0M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2232 | −0.139% | $121K | $294K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2235 | −0.004% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2234 | −0.040% | $276K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2234 | −0.049% | $5.2M | $13.5M | 50x | as long as short |
| BloFin ARB-USDT | +0.0109% | 8h | 0.2234 | −0.058% | $3.0M | $3.3M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0264% | 1h | 0.2236 | +0.040% | $507K | $2.5M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0157% | 1h | 0.2235 | −0.018% | $836K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2234 | −0.064% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0363% | 1h | 0.2236 | +0.053% | $493K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0627% | 1h | 0.2238 | +0.116% | $1.1M | $2.7M | 20x | as long as short |
Extended ARB-USD
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Aevo ARB-PERP
BingX ARB-USDT
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