Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0106%/8h= −11.6% APRpaid last 24h −0.019%

Price spread now: Kraken Futures against HTX−0.042%7-day average +0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$970.972% of the position

Long on HTX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.187%−$19 on $10k

Price spread, last 4 days (all we have)+0.179%+$18 · spread now −0.042%, 7d avg +0.069%

Together, before fees−0.008%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kraken Futures is 0.111% cheaper against HTX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.069%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ARB-USDT	0.2199	0.0100	pay 0.0100% / 8h	4h 48m	$299K	$953K	50x
Short	Kraken Futures PF_ARBUSD	0.2198	−0.0006	pay 0.0001% / 1h	48m 10s	$1.1M	$4.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against HTX. 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 HTXbpFee Kraken FuturesbpOrdersPrice spread, now −0.042%Rate

Funding earned: −$22.27
Price spread: −0.042% → +0.069%: −$11.05
Slippage, 4 orders: −$75.19
Fee HTX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$130.51
Costs to cover: 0.972%
Break-even: never at this rate

Slippage from HTX: live order book, 31 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 HTX live order book, 31 min ago	14.97 bp	35.0 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 1 min ago	9.56 bp	19.3 bp −$19	29.9 bp −$299	491.3 bp −$49.1K	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	−0.1649%	1h	0.2185	−0.641%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0136%	1h	0.2197	−0.095%	$7K	$2K	10x	as long as short
MEXC ARB_USDT	−0.0136%	8h	0.2198	−0.073%	$40.7M	$59.6M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0135%	8h	0.2198	−0.055%	$22.2M	$147.9M	50x	as long as short
Variational Omni ARB	−0.0117%	8h	0.2192	−0.306%	$1.8M	$2.9M	—	as long as short
Polymarket Perps ARB-USD	−0.0116%	1h	0.2197	−0.091%	$70K	$2.1M	10x	as long as short
Gate ARB_USDT	−0.0103%	8h	0.2198	−0.055%	$5.3M	$18.7M	60x	as long as short
Orderly PERP_ARB_USDC	−0.0078%	8h	0.2198	−0.050%	$13K	$388K	10x	as long as short
Bybit ARBUSDT	−0.0048%	8h	0.2197	−0.100%	$55.6M	$125.9M	50x	as long as short
Kraken Futures PF_ARBUSDshort	−0.0006%	1h	0.2198	−0.042%	$1.1M	$4.4M	50x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2195	−0.164%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2199	−0.005%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2199	−0.005%	$32K	—	150x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2197	−0.104%	$349K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0010%	8h	0.2198	−0.045%	$64.1M	$306.6M	75x	as long as short
SoDEX ARB-USD	+0.0028%	1h	0.2198	−0.059%	$10K	$2.3M	5x	as long as short
BloFin ARB-USDT	+0.0041%	8h	0.2195	−0.200%	$3.1M	$2.6M	75x	as long as short
Bitget ARBUSDT	+0.0065%	8h	0.2197	−0.095%	$20.9M	$34.6M	50x	as long as short
BingX ARB-USDT	+0.0068%	8h	0.2198	−0.045%	—	$53.7M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2199	+0.018%	$139K	$7K	3x	as long as short
Phemex ARBUSDT	+0.0090%	8h	0.2198	−0.050%	$4.9M	$12.9M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2197	−0.077%	$1.2M	$5.7M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2200	+0.023%	$37.9M	$48.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2196	−0.138%	$634K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2194	−0.216%	$42K	$169K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2199	−0.014%	$19.5M	$15.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2204	+0.226%	$40K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2205	+0.268%	$470K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2196	−0.141%	$118K	$282K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2197	−0.095%	$2K	$1.1M	30x	as long as short
HTX ARB-USDTlong	+0.0100%	8h	0.2199	long leg	$299K	$953K	50x
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2197	−0.095%	$492K	$2.0M	50x	as long as short
RISEx ARB/USDC	+0.0225%	1h	0.2199	−0.007%	$476K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2199	−0.008%	$820K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2197	−0.109%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0589%	1h	0.2202	+0.136%	$995K	$2.8M	20x	as long as short