Funding you earn now, next payment 09:00 UTC+0.0168%/8h= +18.4% APRnext payment +$0.21 per $10,000 · paid last 24h −0.043%
Price spread now: Deribit against Kraken Futures+0.002%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ARBUSD | 0.2197 | −0.0168 | get 0.0021% / 1h | 57m 09s | $1.1M | $4.3M | 50x |
| Short | Deribit ARB_USDC-PERPETUAL | 0.2197 | 0 | get 0.0000% / 1h | 57m 09s | $28K | $38K | 25x |
Kraken Futures PF_ARBUSD
Deribit ARB_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $35.28
- Price spread: +0.002% → 0.000%
- $0.22
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $18.5
- Costs to cover
- 0.170%
- Break-even
- 3.3 days
Slippage unknown: Kraken Futures: live order book, 2 min ago; Deribit: no order-book sample. Net counts fees only.
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 | 11.87 bp | 18.3 bp −$18 | 23.5 bp −$235 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.1605% | 1h | 0.2179 | −0.799% | $39K | $372K | 12x | as long as short |
| Phemex ARBUSDT | −0.0233% | 8h | 0.2194 | −0.116% | $4.8M | $12.8M | 50x | as long as short |
| Kraken Futures PF_ARBUSDlong | −0.0168% | 1h | 0.2197 | long leg | $1.1M | $4.3M | 50x | |
| 01 Exchange ARBUSD | −0.0152% | 1h | 0.2193 | −0.157% | $7K | $236 | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0068% | 8h | 0.2194 | −0.103% | $22.2M | $145.7M | 50x | as long as short |
| MEXC ARB_USDT | −0.0068% | 8h | 0.2195 | −0.052% | $42.6M | $62.3M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0040% | 8h | 0.2196 | −0.025% | $16K | $410K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2191 | −0.266% | $65K | $4K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2195 | −0.060% | $364K | $3.1M | 25x | as long as short |
| Deribit ARB_USDC-PERPETUALshort | 0.0000% | 1h | 0.2197 | +0.002% | $28K | $38K | 25x |
Injective ARB/USDC PERP
Phemex ARBUSDT
01 Exchange ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Orderly PERP_ARB_USDC
dYdX ARB-USD
Extended ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | +0.0004% | 8h | 0.2194 | −0.133% | $63.2M | $299.3M | 75x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2196 | −0.040% | $73K | — | 150x | as long as short |
| Variational Omni ARB | +0.0029% | 8h | 0.2187 | −0.451% | $1.8M | $3.0M | — | as long as short |
| BloFin ARB-USDT | +0.0060% | 8h | 0.2194 | −0.098% | $3.0M | $2.3M | 75x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2197 | +0.009% | $139K | $7K | 3x | as long as short |
| BingX ARB-USDT | +0.0087% | 8h | 0.2194 | −0.103% | — | $32.9M | — | as long as short |
| Bitget ARBUSDT | +0.0088% | 8h | 0.2194 | −0.116% | $21.2M | $34.6M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2194 | −0.103% | $1.3M | $5.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2195 | −0.057% | $36.8M | $49.8M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2195 | −0.054% | $628K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2191 | −0.257% | $43K | $146K | 10x | as long as short |
| Bybit ARBUSDT | +0.0100% | 8h | 0.2195 | −0.093% | $53.4M | $125.9M | 50x | as long as short |
| Gate ARB_USDT | +0.0100% | 8h | 0.2195 | −0.089% | $5.4M | $18.0M | 60x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2197 | +0.002% | $19.5M | $13.8M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2187 | −0.441% | $40K | $464K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2186 | −0.467% | $465K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2187 | −0.435% | $118K | $268K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2195 | −0.071% | $74K | $2.1M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2198 | +0.066% | $2K | $1.1M | 30x | as long as short |
| SoDEX ARB-USD | +0.0100% | 1h | 0.2195 | −0.057% | $9K | $2.2M | 5x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2196 | −0.039% | $294K | $836K | 50x | as long as short |
| RISEx ARB/USDC | +0.0123% | 1h | 0.2196 | −0.033% | $512K | $2.7M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0277% / S −0.0160% | 1h | 0.2196 | −0.024% | $831K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2193 | −0.152% | $2K | $695 | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0336% | 1h | 0.2198 | +0.066% | $516K | $1.5M | 50x | as long as short |
| Backpack ARB_USDC_PERP | +0.0353% | 1h | 0.2198 | +0.061% | $983K | $2.8M | 20x | as long as short |
Binance ARBUSDT
gTrade (Gains Network) ARB/USD
Variational Omni ARB
BloFin ARB-USDT
Aevo ARB-PERP
BingX ARB-USDT
Bitget ARBUSDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
Bybit ARBUSDT
Gate ARB_USDT
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
SoDEX ARB-USD
HTX ARB-USDT
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Coinbase International ARB-PERP-INTX
Backpack ARB_USDC_PERP