Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0065%/8h= +7.1% APRpaid last 24h −0.008%

Price spread now: Binance against Kraken Futures−0.102%7-day average −0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$500.496% of the position

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 3 days (all we have)−1.297%−$130 · spread now −0.102%, 7d avg −0.064%

Together, before fees−1.230%−$123 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.038% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.102% now, against its 7-day average of −0.064%). If the spread goes back, that is −$4 on $10k: about 47 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.067% in total) that is about 4.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ARBUSD	0.2251	−0.0053	get 0.0007% / 1h	31m 46s	$1.1M	$5.3M	50x
Short	Binance ARBUSDT	0.2249	0.0012	get 0.0012% / 8h	2h 31m	$63.9M	$326.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 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 Kraken FuturesbpFee BinancebpOrdersPrice spread, now −0.102%Rate

Funding earned: $13.64
Price spread: −0.102% → −0.064%: −$3.79
Slippage, 4 orders: −$29.65
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$39.8
Costs to cover: 0.496%
Break-even: 27.4 days

Slippage from Kraken Futures: live order book, 2 min ago; Binance: live order book, 12 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, 2 min ago	5.35 bp	10.3 bp −$10	18.3 bp −$183	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	0.22 bp	8.0 bp −$8	21.2 bp −$212	74.9 bp −$7,489	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	0.2223	−1.250%	$40K	$197K	12x	as long as short
01 Exchange ARBUSD	−0.0296%	1h	0.2253	+0.065%	$7K	$2K	10x	as long as short
Bybit ARBUSDT	−0.0193%	8h	0.2249	−0.086%	$56.7M	$136.5M	50x	as long as short
Variational Omni ARB	−0.0178%	8h	0.2229	−0.962%	$1.9M	$2.8M	—	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0150%	1h	0.2251	−0.028%	$38K	$20K	25x	as long as short
OKX ARB-USDT-SWAP	−0.0079%	8h	0.2248	−0.130%	$22.4M	$166.3M	50x	as long as short
MEXC ARB_USDT	−0.0079%	8h	0.2248	−0.117%	$37.9M	$63.5M	200x	as long as short
SoDEX ARB-USD	−0.0058%	1h	0.2250	−0.068%	$4K	$2.9M	5x	as long as short
Kraken Futures PF_ARBUSDlong	−0.0053%	1h	0.2251	long leg	$1.1M	$5.3M	50x
Orderly PERP_ARB_USDC	−0.0012%	8h	0.2249	−0.095%	$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
dYdX ARB-USD	0.0000%	1h	0.2249	−0.091%	$66K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2252	+0.032%	$57K	—	150x	as long as short
Polymarket Perps ARB-USD	+0.0006%	1h	0.2251	+0.003%	$78K	$2.3M	10x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2247	−0.189%	$358K	$2.4M	25x	as long as short
Gate ARB_USDT	+0.0011%	8h	0.2249	−0.090%	$5.5M	$21.6M	60x	as long as short
Binance ARBUSDTshort	+0.0012%	8h	0.2249	−0.102%	$63.9M	$326.2M	75x
BloFin ARB-USDT	+0.0042%	8h	0.2241	−0.468%	$3.0M	$3.3M	75x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2251	−0.011%	$147K	$12K	3x	as long as short
BingX ARB-USDC	+0.0084%	8h	0.2247	−0.170%	—	$6.5M	—	as long as short
Bitget ARBUSDT	+0.0085%	8h	0.2248	−0.139%	$21.1M	$38.6M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2250	−0.059%	$1.3M	$7.7M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2251	+0.007%	$40.3M	$53.1M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2249	−0.098%	$700K	$1.8M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2250	−0.046%	$46K	$205K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2250	−0.033%	$20.8M	$17.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2236	−0.671%	$36K	$452K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2237	−0.631%	$483K	$4.1M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2235	−0.717%	$121K	$297K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2251	−0.006%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2249	−0.104%	$276K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2250	−0.050%	$5.3M	$13.8M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0168%	1h	0.2252	+0.020%	$825K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2252	+0.056%	$502K	$2.5M	50x	as long as short
Reya ARBRUSDPERP	+0.0291%	1h	0.2250	−0.054%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0546%	1h	0.2251	+0.001%	$495K	$2.9M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0579%	1h	0.2253	+0.069%	$1.1M	$2.7M	20x	as long as short