ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0341%/8h= +37.3% APRnext payment +$0.43 per $10,000 · paid last 24h +0.086%

Price spread now: Coinbase International against Kraken Futures+0.030%7-day average +0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$850.847% of the position

Long on Kraken Futures Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.435%+$44 on $10k

Price spread, last 3 days (all we have)+0.118%+$12 · spread now +0.030%, 7d avg +0.096%

Together, before fees+0.553%+$55 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.066% cheaper against Kraken Futures than usual: you would sell low and buy high (spread +0.030% now, against its 7-day average of +0.096%). If the spread goes back, that is −$7 on $10k: about 15 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ARBUSD	0.2252	−0.0053	get 0.0007% / 1h	25m 48s	$1.1M	$5.2M	50x
Short	Coinbase International ARB-PERP-INTX	0.2252	0.0288	get 0.0036% / 1h	25m 48s	$502K	$2.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.030%Rate

Funding earned: $71.58
Price spread: +0.030% → +0.096%: −$6.58
Slippage, 4 orders: −$64.67
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$19.67
Costs to cover: 0.847%
Break-even: 8.9 days

Slippage from Kraken Futures: live order book, 3 min ago; Coinbase International: live order book, 3 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, 3 min ago	9.11 bp	14.4 bp −$14	23.6 bp −$236	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	6.67 bp	19.9 bp −$20	40.4 bp −$404	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	−0.1675%	1h	0.2239	−0.565%	$40K	$197K	12x	as long as short
01 Exchange ARBUSD	−0.0288%	1h	0.2249	−0.121%	$7K	$2K	10x	as long as short
Bybit ARBUSDT	−0.0173%	8h	0.2246	−0.240%	$56.5M	$136.1M	50x	as long as short
Variational Omni ARB	−0.0172%	8h	0.2249	−0.114%	$1.9M	$2.8M	—	as long as short
OKX ARB-USDT-SWAP	−0.0090%	8h	0.2245	−0.280%	$22.4M	$166.0M	50x	as long as short
MEXC ARB_USDT	−0.0089%	8h	0.2248	−0.187%	$37.8M	$63.6M	200x	as long as short
SoDEX ARB-USD	−0.0082%	1h	0.2250	−0.076%	$4K	$2.9M	5x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0061%	1h	0.2252	+0.026%	$38K	$20K	25x	as long as short
Kraken Futures PF_ARBUSDlong	−0.0053%	1h	0.2252	long leg	$1.1M	$5.2M	50x
Orderly PERP_ARB_USDC	−0.0015%	8h	0.2252	+0.013%	$11K	$388K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps ARB-USD	−0.0004%	1h	0.2249	−0.121%	$78K	$2.2M	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2249	−0.125%	$66K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2252	+0.019%	$59K	—	150x	as long as short
Binance ARBUSDT	+0.0005%	8h	0.2248	−0.187%	$63.9M	$324.9M	75x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2247	−0.215%	$358K	$2.4M	25x	as long as short
Gate ARB_USDT	+0.0015%	8h	0.2248	−0.165%	$5.5M	$21.6M	60x	as long as short
BloFin ARB-USDT	+0.0033%	8h	0.2251	−0.018%	$3.0M	$3.3M	75x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2253	+0.046%	$147K	$12K	3x	as long as short
BingX ARB-USDT	+0.0085%	8h	0.2248	−0.187%	—	$54.0M	—	as long as short
Bitget ARBUSDT	+0.0086%	8h	0.2247	−0.209%	$21.1M	$38.5M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2249	−0.125%	$1.3M	$7.7M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2250	−0.085%	$40.2M	$53.2M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2248	−0.171%	$699K	$1.8M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2251	−0.045%	$47K	$200K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2249	−0.112%	$20.8M	$17.0M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2249	−0.133%	$36K	$453K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2249	−0.116%	$480K	$4.1M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2248	−0.165%	$122K	$297K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2251	−0.032%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2248	−0.152%	$276K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2250	−0.076%	$5.3M	$13.8M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0154% / S −0.0018%	1h	0.2252	+0.017%	$853K	—	150x	as long as short
Coinbase International ARB-PERP-INTXshort	+0.0288%	1h	0.2252	+0.030%	$502K	$2.5M	50x
Reya ARBRUSDPERP	+0.0291%	1h	0.2249	−0.134%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0546%	1h	0.2250	−0.077%	$495K	$2.9M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0582%	1h	0.2253	+0.044%	$1.1M	$2.7M	20x	as long as short