Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0132%/8h= +14.4% APRpaid last 24h +0.033%

Price spread now: BloFin against Kraken Futures−0.027%7-day average −0.054% · 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−$62as in the Price arb table

costs, in and out, $10k−$640.642% of the position

Long on Kraken Futures Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.214%+$21 on $10k

Price spread, last 4 days (all we have)−0.328%−$33 · spread now −0.027%, 7d avg −0.054%

Together, before fees−0.113%−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.027% dearer against Kraken Futures than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ARBUSD	0.2226	−0.0098	get 0.0012% / 1h	32m 27s	$1.1M	$4.6M	50x
Short	BloFin ARB-USDT	0.2226	0.0034	get 0.0034% / 8h	5h 32m	$3.1M	$2.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.027%Rate

Funding earned: $27.68
Price spread: −0.027% → −0.054%: $2.7
Slippage, 4 orders: −$42.2
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$33.83
Costs to cover: 0.642%
Break-even: 15.6 days

Slippage from Kraken Futures: live order book, 1 min ago; BloFin: live order book, 11 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	11.24 bp	22.0 bp −$22	27.8 bp −$278	doesn't fit	doesn't fit
Sell BloFin live order book, 11 min ago	1.35 bp	9.5 bp −$9	24.6 bp −$246	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	−0.1577%	1h	0.2209	−0.781%	$40K	$372K	12x	as long as short
Variational Omni ARB	−0.0151%	8h	0.2222	−0.187%	$1.9M	$2.9M	—	as long as short
01 Exchange ARBUSD	−0.0136%	1h	0.2224	−0.116%	$7K	$2K	10x	as long as short
OKX ARB-USDT-SWAP	−0.0130%	8h	0.2223	−0.170%	$22.4M	$151.4M	50x	as long as short
MEXC ARB_USDT	−0.0129%	8h	0.2223	−0.143%	$38.3M	$59.1M	200x	as long as short
SoDEX ARB-USD	−0.0123%	1h	0.2225	−0.044%	$10K	$2.4M	5x	as long as short
Kraken Futures PF_ARBUSDlong	−0.0098%	1h	0.2226	long leg	$1.1M	$4.6M	50x
Bybit ARBUSDT	−0.0094%	8h	0.2223	−0.148%	$56.5M	$126.3M	50x	as long as short
Gate ARB_USDT	−0.0093%	8h	0.2223	−0.130%	$5.4M	$19.1M	60x	as long as short
Polymarket Perps ARB-USD	−0.0088%	1h	0.2224	−0.116%	$96K	$2.1M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ARB_USDC	−0.0072%	8h	0.2225	−0.062%	$12K	$385K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2225	−0.055%	$66K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2226	−0.027%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0013%	1h	0.2224	−0.099%	$11K	—	150x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2223	−0.161%	$355K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0011%	8h	0.2224	−0.108%	$64.7M	$308.3M	75x	as long as short
BloFin ARB-USDTshort	+0.0034%	8h	0.2226	−0.027%	$3.1M	$2.7M	75x
ApeX Omni ARBUSDT	+0.0049%	1h	0.2224	−0.107%	$120K	$283K	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2226	+0.002%	$141K	$7K	3x	as long as short
Bitget ARBUSDT	+0.0094%	8h	0.2224	−0.107%	$21.2M	$34.8M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2224	−0.094%	$1.2M	$6.4M	15x	as long as short
BingX ARB-USDC	+0.0097%	8h	0.2223	−0.148%	—	$6.5M	—	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2224	−0.098%	$38.6M	$49.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2225	−0.056%	$652K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2224	−0.095%	$42K	$178K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2225	−0.080%	$19.6M	$15.5M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2223	−0.157%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2224	−0.118%	$475K	$3.6M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2228	+0.072%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2225	−0.062%	$298K	$945K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2225	−0.062%	$5.0M	$12.9M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2226	−0.018%	$508K	$2.0M	50x	as long as short
RISEx ARB/USDC	+0.0232%	1h	0.2225	−0.042%	$492K	$2.7M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2224	−0.113%	$830K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2222	−0.193%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0568%	1h	0.2229	+0.117%	$1.0M	$2.8M	20x	as long as short