Funding you earn now, next payment 00:00 UTC−0.0133%/8h= −14.6% APRnext payment −$0.17 per $10,000 · paid last 24h +0.008%
Price spread now: ApeX Omni against Kraken Futures−0.148%45s7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as 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−$800.804% of the position
Funding, last 7 days+0.187%+$19 on $10k
+Price spread, last 3 days (all we have)−0.315%−$31 · spread now −0.148%, 7d avg −0.054%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and ApeX Omni is 0.094% cheaper against Kraken Futures than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.054%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.187%, so the current rate has only just turned against you. The two prices were read 45 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 | Kraken Futures PF_ARBUSD | 0.2294 | 0.0233 | pay 0.0029% / 1h | 47m 29s | $1.2M | $4.9M | 50x |
| Short | ApeX Omni ARBUSDT | 0.2291 | 0.0100 | get 0.0013% / 1h | 47m 29s | $123K | $295K | 50x |
Kraken Futures PF_ARBUSD
ApeX Omni ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Kraken Futures. 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
- −$27.94
- Price spread: −0.148% → −0.054%
- −$9.41
- Slippage, 4 orders
- −$60.38
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$117.73
- Costs to cover
- 0.804%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; ApeX Omni: live order book, 30 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 Kraken Futures live order book, 1 min ago | 13.27 bp | 20.2 bp −$20 | 28.9 bp −$289 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 30 min ago | 11.18 bp | 19.6 bp −$20 | 123.0 bp −$1,230 | doesn't fit | 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 | −0.1785% | 1h | 0.2287 | −0.322% | $41K | $372K | 12x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0316% | 1h | 0.2293 | −0.039% | $26K | $32K | 25x | as long as short |
| Polymarket Perps ARB-USD | −0.0256% | 1h | 0.2284 | −0.440% | $79K | $2.0M | 10x | as long as short |
| Variational Omni ARB | −0.0182% | 8h | 0.2292 | −0.101% | $1.9M | $2.7M | — | as long as short |
| 01 Exchange ARBUSD | −0.0160% | 1h | 0.2286 | −0.387% | $7K | $2K | 10x | as long as short |
| Bybit ARBUSDT | −0.0158% | 8h | 0.2284 | −0.444% | $58.9M | $129.2M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0107% | 8h | 0.2284 | −0.448% | $23.1M | $161.7M | 50x | as long as short |
| MEXC ARB_USDT | −0.0105% | 8h | 0.2283 | −0.488% | $38.4M | $59.4M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0041% | 8h | 0.2294 | −0.017% | $13K | $398K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2290 | −0.203% | $68K | $4K | 10x | as long as short |
Injective ARB/USDC PERP
Deribit ARB_USDC-PERPETUAL
Polymarket Perps ARB-USD
Variational Omni ARB
01 Exchange ARBUSD
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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ARB-USD | 0.0000% | 1h | 0.2293 | −0.078% | $4K | $2.6M | 5x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2283 | −0.497% | $56K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0007% | 8h | 0.2286 | −0.382% | $66.8M | $314.5M | 75x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2286 | −0.375% | $365K | $2.3M | 25x | as long as short |
| BloFin ARB-USDT | +0.0021% | 8h | 0.2300 | +0.253% | $3.1M | $2.8M | 75x | as long as short |
| Gate ARB_USDT | +0.0032% | 8h | 0.2289 | −0.252% | $5.5M | $20.1M | 60x | as long as short |
| BingX ARB-USDC | +0.0067% | 8h | 0.2287 | −0.309% | — | $6.5M | — | as long as short |
| Bitget ARBUSDT | +0.0069% | 8h | 0.2284 | −0.453% | $21.7M | $36.6M | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2295 | +0.014% | $150K | $12K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2291 | −0.161% | $1.4M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2289 | −0.252% | $41.5M | $47.9M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2292 | −0.105% | $713K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2290 | −0.181% | $48K | $187K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2285 | −0.414% | $19.9M | $16.4M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2299 | +0.189% | $41K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2299 | +0.220% | $490K | $3.7M | 10x | as long as short |
| ApeX Omni ARBUSDTshort | +0.0100% | 1h | 0.2291 | −0.148% | $123K | $295K | 50x | |
| SunX ARB-USDT | +0.0100% | 8h | 0.2296 | +0.070% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2295 | +0.031% | $294K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2293 | −0.061% | $5.3M | $13.3M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0216% | 1h | 0.2301 | +0.288% | $517K | $2.3M | 50x | as long as short |
| Kraken Futures PF_ARBUSDlong | +0.0233% | 1h | 0.2294 | long leg | $1.2M | $4.9M | 50x | |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0157% | 1h | 0.2294 | +0.003% | $860K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2284 | −0.448% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0330% | 1h | 0.2288 | −0.272% | $505K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0584% | 1h | 0.2294 | −0.004% | $940K | $2.8M | 20x | as long as short |
SoDEX ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
BloFin ARB-USDT
Gate ARB_USDT
BingX ARB-USDC
Bitget ARBUSDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP