Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0174%/8h= +19.0% APRpaid last 24h +0.014%

Price spread now: edgeX against Kraken Futures−0.860%76s7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$790.785% of the position

Long on Kraken Futures Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.186%+$19 on $10k

Price spread, last 4 days (all we have)+0.449%+$45 · spread now −0.860%, 7d avg −0.056%

Together, before fees+0.635%+ Points / potential airdropedgeX: Active · farm board+$63 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.804% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.860% now, against its 7-day average of −0.056%). If the spread goes back, that is −$80 on $10k: about 15 days of funding at the current rate (+$5 a day). The two prices were read 76 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ARBUSD	0.2206	−0.0074	get 0.0009% / 1h	15m 43s	$1.1M	$4.4M	50x
Short	edgeX ARBUSDC	0.2187	0.0100	get 0.0050% / 4h	2h 15m	$39K	$463K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.860%Rate

Funding earned: $36.49
Price spread: −0.860% → −0.056%: −$80.36
Slippage, 4 orders: −$59.53
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$122.4
Costs to cover: 0.785%
Break-even: 30.5 days

Slippage from Kraken Futures: live order book, 3 min ago; edgeX: live order book, 33 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	12.28 bp	17.9 bp −$18	24.5 bp −$245	doesn't fit	doesn't fit
Sell edgeX live order book, 33 min ago	13.74 bp	20.9 bp −$21	102.6 bp −$1,026	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	−0.1581%	1h	0.2189	−0.764%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0160%	1h	0.2207	+0.048%	$7K	$236	10x	as long as short
Variational Omni ARB	−0.0099%	8h	0.2204	−0.066%	$1.8M	$3.0M	—	as long as short
Kraken Futures PF_ARBUSDlong	−0.0074%	1h	0.2206	long leg	$1.1M	$4.4M	50x
Bybit ARBUSDT	−0.0073%	8h	0.2203	−0.129%	$54.9M	$125.2M	50x	as long as short
Polymarket Perps ARB-USD	−0.0072%	1h	0.2207	+0.043%	$79K	$2.1M	10x	as long as short
OKX ARB-USDT-SWAP	−0.0056%	8h	0.2206	+0.025%	$21.8M	$144.9M	50x	as long as short
MEXC ARB_USDT	−0.0055%	8h	0.2207	+0.038%	$41.8M	$61.6M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0047%	8h	0.2207	+0.052%	$12K	$407K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2205	−0.056%	$65K	$5K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2206	+0.007%	$23K	$33K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2207	+0.052%	$44K	—	150x	as long as short
Bitget ARBUSDT	+0.0057%	8h	0.2206	+0.007%	$21.1M	$34.4M	50x	as long as short
Gate ARB_USDT	+0.0082%	8h	0.2207	+0.057%	$5.4M	$18.3M	60x	as long as short
RISEx ARB/USDC	+0.0086%	1h	0.2207	+0.045%	$447K	$2.6M	10x	as long as short
Lighter ARB	+0.0096%	1h	0.2207	+0.038%	$1.3M	$5.5M	15x	as long as short
BingX ARB-USDC	+0.0096%	8h	0.2206	+0.011%	—	$6.5M	—	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2209	+0.138%	$37.0M	$48.9M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2207	+0.034%	$635K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2205	−0.032%	$42K	$149K	10x	as long as short
Binance ARBUSDT	+0.0100%	8h	0.2206	+0.014%	$63.0M	$300.5M	75x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2207	+0.052%	$19.7M	$14.4M	75x	as long as short
edgeX ARBUSDCshort	+0.0100%	4h	0.2187	−0.860%	$39K	$463K	20x
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2199	−0.319%	$472K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2199	−0.311%	$119K	$282K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2209	+0.143%	$2K	$1.1M	30x	as long as short
SoDEX ARB-USD	+0.0100%	1h	0.2205	−0.034%	$9K	$2.2M	5x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2205	−0.061%	$294K	$884K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2206	+0.007%	$4.9M	$12.8M	50x	as long as short
Extended ARB-USD	+0.0104%	1h	0.2206	+0.006%	$351K	$2.8M	25x	as long as short
Aevo ARB-PERP	+0.0104%	1h	0.2207	+0.041%	$140K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0219%	8h	0.2200	−0.265%	$3.0M	$2.4M	75x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0277% / S −0.0159%	1h	0.2206	+0.009%	$836K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2210	+0.193%	$510K	$1.6M	50x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2206	+0.024%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0739%	1h	0.2208	+0.088%	$990K	$2.8M	20x	as long as short