Funding you earn now, next payment 08:00 UTC−0.0093%/8h= −10.2% APRnext payment −$0.12 per $10,000 · paid last 24h −0.024%
Price spread now: dYdX against Kraken Futures−0.148%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.148% cheaper against Kraken Futures than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ARBUSD | 0.2186 | 0.0093 | pay 0.0012% / 1h | 39m 03s | $1.1M | $4.4M | 50x |
| Short | dYdX ARB-USD | 0.2183 | 0 | get 0.0000% / 1h | 39m 03s | $65K | $5K | 10x |
Kraken Futures PF_ARBUSD
dYdX ARB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$19.52
- Price spread: −0.148% → 0.000%
- −$14.81
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$54.33
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 5 min ago; dYdX: 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, 5 min ago | 9.58 bp | 17.1 bp −$17 | 21.1 bp −$211 | doesn't fit | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: 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 | −0.1612% | 1h | 0.2173 | −0.587% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0144% | 1h | 0.2180 | −0.271% | $7K | $236 | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0084% | 8h | 0.2184 | −0.102% | $22.0M | $144.2M | 50x | as long as short |
| MEXC ARB_USDT | −0.0083% | 8h | 0.2184 | −0.070% | $42.9M | $61.9M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0041% | 8h | 0.2184 | −0.083% | $13K | $404K | 10x | as long as short |
| SoDEX ARB-USD | −0.0025% | 1h | 0.2184 | −0.065% | $9K | $2.2M | 5x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0024% | 1h | 0.2185 | −0.028% | $28K | $38K | 25x | as long as short |
| Variational Omni ARB | −0.0008% | 8h | 0.2188 | +0.114% | $1.8M | $3.0M | — | as long as short |
| Extended ARB-USD | −0.0008% | 1h | 0.2184 | −0.100% | $349K | $3.1M | 25x | as long as short |
| Polymarket Perps ARB-USD | −0.0006% | 1h | 0.2183 | −0.111% | $67K | $2.1M | 10x | 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
Deribit ARB_USDC-PERPETUAL
Variational Omni ARB
Extended ARB-USD
Polymarket Perps ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | −0.0006% | 8h | 0.2184 | −0.076% | $62.5M | $300.6M | 75x | as long as short |
| dYdX ARB-USDshort | 0.0000% | 1h | 0.2183 | −0.148% | $65K | $5K | 10x | |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2186 | 0.000% | $44K | — | 150x | as long as short |
| Bybit ARBUSDT | +0.0006% | 8h | 0.2184 | −0.097% | $53.4M | $126.0M | 50x | as long as short |
| Gate ARB_USDT | +0.0020% | 8h | 0.2185 | −0.056% | $5.4M | $18.3M | 60x | as long as short |
| BloFin ARB-USDT | +0.0065% | 8h | 0.2184 | −0.093% | $3.0M | $2.3M | 75x | as long as short |
| RISEx ARB/USDC | +0.0069% | 1h | 0.2182 | −0.179% | $492K | $2.6M | 10x | as long as short |
| Bitget ARBUSDT | +0.0080% | 8h | 0.2183 | −0.129% | $21.1M | $34.6M | 50x | as long as short |
| BingX ARB-USDT | +0.0080% | 8h | 0.2185 | −0.060% | — | $33.1M | — | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2187 | +0.066% | $139K | $7K | 3x | as long as short |
| Kraken Futures PF_ARBUSDlong | +0.0093% | 1h | 0.2186 | long leg | $1.1M | $4.4M | 50x | |
| Lighter ARB | +0.0096% | 1h | 0.2185 | −0.056% | $1.2M | $5.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2186 | +0.004% | $36.9M | $49.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2185 | −0.056% | $628K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2184 | −0.078% | $42K | $147K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2185 | −0.042% | $19.4M | $14.0M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2188 | +0.117% | $39K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2190 | +0.191% | $469K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2190 | +0.191% | $118K | $279K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2187 | +0.054% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2185 | −0.024% | $292K | $835K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2186 | +0.008% | $4.8M | $12.8M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2185 | −0.025% | $825K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2184 | −0.099% | $2K | $695 | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0336% | 1h | 0.2186 | +0.008% | $523K | $1.5M | 50x | as long as short |
| Backpack ARB_USDC_PERP | +0.0652% | 1h | 0.2187 | +0.072% | $986K | $2.9M | 20x | as long as short |
Binance ARBUSDT
gTrade (Gains Network) ARB/USD
Bybit ARBUSDT
Gate ARB_USDT
BloFin ARB-USDT
RISEx ARB/USDC
Bitget ARBUSDT
BingX ARB-USDT
Aevo ARB-PERP
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
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Coinbase International ARB-PERP-INTX
Backpack ARB_USDC_PERP