Funding you earn now, next payment 08:00 UTC−0.0006%/8h= −0.6% APRpaid last 24h +0.001%
Price spread now: BingX against Kraken Futures−0.082%7-day average −0.119% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$570.573% of the position
Funding, last 7 days+0.131%+$13 on $10k
+Price spread, last 4 days (all we have)−0.374%−$37 · spread now −0.082%, 7d avg −0.119%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.037% dearer against Kraken Futures than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.119%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ARBUSD | 0.2187 | 0.0093 | pay 0.0012% / 1h | 0m 01s | $1.1M | $4.3M | 50x |
| Short | BingX ARB-USDC | 0.2185 | 0.0087 | get 0.0087% / 8h | 0m 01s | — | $6.5M | — |
Kraken Futures PF_ARBUSD
BingX ARB-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$1.24
- Price spread: −0.082% → −0.119%
- $3.74
- Slippage, 4 orders
- −$37.34
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$54.84
- Costs to cover
- 0.573%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; BingX: live order book, 6 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, 4 min ago | 8.25 bp | 13.3 bp −$13 | 21.5 bp −$215 | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 3.67 bp | 8.7 bp −$9 | 26.1 bp −$261 | 91.3 bp −$9,133 | 619.1 bp −$309.6K |
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 | −0.1612% | 1h | 0.2174 | −0.607% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0192% | 1h | 0.2186 | −0.059% | $7K | $236 | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0070% | 8h | 0.2188 | +0.014% | $22.0M | $145.0M | 50x | as long as short |
| MEXC ARB_USDT | −0.0068% | 8h | 0.2186 | −0.040% | $41.8M | $62.9M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0041% | 8h | 0.2186 | −0.059% | $16K | $410K | 10x | as long as short |
| SoDEX ARB-USD | −0.0020% | 1h | 0.2186 | −0.040% | $9K | $2.2M | 5x | as long as short |
| Binance ARBUSDT | 0.0000% | 8h | 0.2188 | +0.046% | $63.1M | $299.0M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2188 | +0.019% | $65K | $4K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2187 | −0.023% | $350K | $3.1M | 25x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2188 | +0.010% | $28K | $38K | 25x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Orderly PERP_ARB_USDC
SoDEX ARB-USD
Binance ARBUSDT
dYdX ARB-USD
Extended ARB-USD
Deribit ARB_USDC-PERPETUALShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2188 | +0.012% | $72K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0020% | 8h | 0.2187 | −0.013% | $5.4M | $18.5M | 60x | as long as short |
| Polymarket Perps ARB-USD | +0.0024% | 1h | 0.2188 | +0.019% | $73K | $2.1M | 10x | as long as short |
| Bybit ARBUSDT | +0.0027% | 8h | 0.2187 | +0.005% | $53.3M | $125.9M | 50x | as long as short |
| Variational Omni ARB | +0.0029% | 8h | 0.2187 | −0.029% | $1.8M | $3.0M | — | as long as short |
| RISEx ARB/USDC | +0.0069% | 1h | 0.2187 | +0.008% | $511K | $2.7M | 10x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2188 | +0.013% | $139K | $7K | 3x | as long as short |
| BingX ARB-USDCshort | +0.0087% | 8h | 0.2185 | −0.082% | — | $6.5M | — | |
| Bitget ARBUSDT | +0.0088% | 8h | 0.2188 | +0.033% | $21.1M | $34.6M | 50x | as long as short |
| Kraken Futures PF_ARBUSDlong | +0.0093% | 1h | 0.2187 | long leg | $1.1M | $4.3M | 50x | |
| Lighter ARB | +0.0096% | 1h | 0.2186 | −0.045% | $1.3M | $5.5M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2188 | +0.046% | $36.6M | $49.7M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2188 | +0.045% | $626K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2188 | +0.020% | $43K | $146K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2187 | −0.008% | $19.4M | $13.9M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2181 | −0.285% | $39K | $466K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2181 | −0.302% | $463K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2184 | −0.150% | $118K | $268K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2189 | +0.078% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2190 | +0.147% | $293K | $836K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2187 | −0.013% | $4.8M | $12.8M | 50x | as long as short |
| BloFin ARB-USDT | +0.0120% | 8h | 0.2187 | −0.027% | $3.0M | $2.3M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0277% / S −0.0160% | 1h | 0.2188 | +0.015% | $829K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2185 | −0.087% | $2K | $695 | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0336% | 1h | 0.2190 | +0.124% | $514K | $1.5M | 50x | as long as short |
| Backpack ARB_USDC_PERP | +0.0405% | 1h | 0.2189 | +0.092% | $979K | $2.8M | 20x | as long as short |
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Polymarket Perps ARB-USD
Bybit ARBUSDT
Variational Omni ARB
RISEx ARB/USDC
Aevo ARB-PERP
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
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Coinbase International ARB-PERP-INTX
Backpack ARB_USDC_PERP