Funding you earn now, next payment 06:00 UTC+0.1507%/8h= +165.0% APRnext payment +$1.88 per $10,000 · paid last 24h +0.495%
Price spread now: Kraken Futures against Injective+0.479%7-day average +0.487% · you sell dearer than you buy
Net, funding: paid 7d − costs+$199as in the Funding arb table
Net, price: spread back to 7d avg − costs−$142as in the Price arb table
costs, in and out, $10k−$1421.417% of the position
Funding, last 7 days+3.409%+$341 on $10k
+Price spread, last 4 days (all we have)−0.164%−$16 · spread now +0.479%, 7d avg +0.487%
=The price spread sits at its 7-day average of +0.487%, so right now this pair is about funding alone: +$45 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective ARB/USDC PERP | 0.2189 | −0.1581 | get 0.0198% / 1h | 16m 44s | $39K | $372K | 12x |
| Short | Kraken Futures PF_ARBUSD | 0.2199 | −0.0074 | pay 0.0009% / 1h | 16m 44s | $1.1M | $4.4M | 50x |
Injective ARB/USDC PERP
Kraken Futures PF_ARBUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Injective. 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
- $316.41
- Price spread: +0.479% → +0.487%
- −$0.79
- Slippage, 4 orders
- −$131.64
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $173.96
- Costs to cover
- 1.417%
- Break-even
- 3.2 days
Slippage from Injective: live order book, 32 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 Injective live order book, 32 min ago | 52.60 bp | 52.6 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 12.28 bp | 18.5 bp −$19 | 22.6 bp −$226 | 674.3 bp −$67.4K | 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 PERPlong | −0.1581% | 1h | 0.2189 | long leg | $39K | $372K | 12x | |
| 01 Exchange ARBUSD | −0.0160% | 1h | 0.2207 | +0.818% | $7K | $236 | 10x | as long as short |
| Variational Omni ARB | −0.0098% | 8h | 0.2185 | −0.193% | $1.8M | $3.0M | — | as long as short |
| Polymarket Perps ARB-USD | −0.0082% | 1h | 0.2197 | +0.375% | $78K | $2.1M | 10x | as long as short |
| Bybit ARBUSDT | −0.0075% | 8h | 0.2204 | +0.694% | $54.8M | $125.1M | 50x | as long as short |
| Kraken Futures PF_ARBUSDshort | −0.0074% | 1h | 0.2199 | +0.479% | $1.1M | $4.4M | 50x | |
| OKX ARB-USDT-SWAP | −0.0055% | 8h | 0.2205 | +0.713% | $21.8M | $144.7M | 50x | as long as short |
| MEXC ARB_USDT | −0.0055% | 8h | 0.2205 | +0.731% | $41.7M | $61.6M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0047% | 8h | 0.2199 | +0.457% | $12K | $408K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2207 | +0.804% | $65K | $5K | 10x | as long as short |
01 Exchange ARBUSD
Variational Omni ARB
Polymarket Perps ARB-USD
Bybit ARBUSDT
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Orderly PERP_ARB_USDC
dYdX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2200 | +0.489% | $23K | $33K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2199 | +0.457% | $44K | — | 150x | as long as short |
| Bitget ARBUSDT | +0.0057% | 8h | 0.2205 | +0.731% | $21.1M | $34.4M | 50x | as long as short |
| Gate ARB_USDT | +0.0082% | 8h | 0.2206 | +0.795% | $5.4M | $18.3M | 60x | as long as short |
| BingX ARB-USDC | +0.0084% | 8h | 0.2205 | +0.749% | — | $6.5M | — | as long as short |
| RISEx ARB/USDC | +0.0086% | 1h | 0.2207 | +0.815% | $447K | $2.6M | 10x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2206 | +0.763% | $1.3M | $5.5M | 15x | as long as short |
| Extended ARB-USD | +0.0096% | 1h | 0.2205 | +0.724% | $351K | $2.8M | 25x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2207 | +0.841% | $37.0M | $48.9M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2205 | +0.746% | $635K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2205 | +0.737% | $42K | $149K | 10x | as long as short |
| Binance ARBUSDT | +0.0100% | 8h | 0.2205 | +0.738% | $63.0M | $300.4M | 75x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2207 | +0.799% | $19.7M | $14.4M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2187 | −0.096% | $39K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2199 | +0.449% | $472K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2199 | +0.457% | $119K | $282K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2201 | +0.548% | $2K | $1.1M | 30x | as long as short |
| SoDEX ARB-USD | +0.0100% | 1h | 0.2199 | +0.452% | $9K | $2.2M | 5x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2200 | +0.507% | $293K | $884K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2199 | +0.457% | $4.9M | $12.8M | 50x | as long as short |
| Aevo ARB-PERP | +0.0104% | 1h | 0.2199 | +0.441% | $139K | $7K | 3x | as long as short |
| BloFin ARB-USDT | +0.0219% | 8h | 0.2200 | +0.503% | $3.0M | $2.4M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0277% / S −0.0159% | 1h | 0.2198 | +0.420% | $832K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2201 | +0.548% | $509K | $1.6M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2197 | +0.358% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0732% | 1h | 0.2203 | +0.662% | $988K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Bitget ARBUSDT
Gate ARB_USDT
BingX ARB-USDC
RISEx ARB/USDC
Lighter ARB
Extended ARB-USD
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
Binance ARBUSDT
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
SoDEX ARB-USD
HTX ARB-USDT
Phemex ARBUSDT
Aevo ARB-PERP
BloFin ARB-USDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP