Funding you earn now, next payment 00:00 UTC−0.0230%/8h= −25.2% APRnext payment −$0.29 per $10,000 · paid last 24h −0.014%
Price spread now: gTrade (Gains Network) against Kraken Futures−0.002%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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: −$7 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 | 0.2274 | 0.0235 | pay 0.0029% / 1h | 43m 03s | $1.2M | $4.9M | 50x |
| Short | gTrade (Gains Network) ARB/USD | 0.2274 | L +0.0005% / S −0.0005% | get 0.0001% / 1h | 43m 03s | $56K | — | 150x |
Kraken Futures PF_ARBUSD
gTrade (Gains Network) ARB/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$48.33
- Price spread: −0.002% → 0.000%
- −$0.19
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$68.52
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 1 min ago; gTrade (Gains Network): 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, 1 min ago | 8.79 bp | 18.5 bp −$19 | 24.4 bp −$244 | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
gTrade (Gains Network): 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 | −0.1785% | 1h | 0.2264 | −0.425% | $41K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0311% | 1h | 0.2271 | −0.134% | $78K | $2.0M | 10x | as long as short |
| Variational Omni ARB | −0.0182% | 8h | 0.2277 | +0.141% | $1.9M | $2.7M | — | as long as short |
| Bybit ARBUSDT | −0.0161% | 8h | 0.2271 | −0.103% | $58.4M | $129.4M | 50x | as long as short |
| 01 Exchange ARBUSD | −0.0152% | 1h | 0.2272 | −0.064% | $7K | $2K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0146% | 1h | 0.2273 | −0.042% | $26K | $32K | 25x | as long as short |
| OKX ARB-USDT-SWAP | −0.0112% | 8h | 0.2271 | −0.103% | $22.9M | $160.9M | 50x | as long as short |
| MEXC ARB_USDT | −0.0111% | 8h | 0.2272 | −0.064% | $38.3M | $59.5M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0041% | 8h | 0.2272 | −0.073% | $13K | $397K | 10x | as long as short |
| SoDEX ARB-USD | −0.0037% | 1h | 0.2272 | −0.068% | $4K | $2.6M | 5x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
Variational Omni ARB
Bybit ARBUSDT
01 Exchange ARBUSD
Deribit ARB_USDC-PERPETUAL
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Orderly PERP_ARB_USDC
SoDEX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2276 | +0.089% | $67K | $4K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2271 | −0.113% | $363K | $2.3M | 25x | as long as short |
| Binance ARBUSDT | +0.0004% | 8h | 0.2272 | −0.052% | $66.5M | $315.0M | 75x | as long as short |
| gTrade (Gains Network) ARB/USDshort | L +0.0005% / S −0.0005% | 1h | 0.2274 | −0.002% | $56K | — | 150x | |
| BloFin ARB-USDT | +0.0015% | 8h | 0.2270 | −0.156% | $3.1M | $2.8M | 75x | as long as short |
| Gate ARB_USDT | +0.0022% | 8h | 0.2272 | −0.064% | $5.5M | $20.2M | 60x | as long as short |
| BingX ARB-USDT | +0.0068% | 8h | 0.2273 | −0.042% | — | $53.5M | — | as long as short |
| Bitget ARBUSDT | +0.0070% | 8h | 0.2271 | −0.117% | $21.4M | $36.7M | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2274 | −0.001% | $149K | $12K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2275 | +0.050% | $1.4M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2276 | +0.112% | $41.3M | $48.0M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2273 | −0.024% | $708K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2277 | +0.138% | $48K | $187K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2273 | −0.037% | $19.8M | $16.3M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2277 | +0.138% | $40K | $464K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2276 | +0.095% | $485K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2277 | +0.147% | $123K | $295K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2274 | +0.015% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2275 | +0.059% | $293K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2273 | −0.029% | $5.2M | $13.2M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0216% | 1h | 0.2280 | +0.279% | $512K | $2.3M | 50x | as long as short |
| Kraken Futures PF_ARBUSDlong | +0.0235% | 1h | 0.2274 | long leg | $1.2M | $4.9M | 50x | |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2271 | −0.135% | $2K | $695 | 20x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0296% / S −0.0186% | 1h | 0.2273 | −0.023% | $929K | — | 150x | as long as short |
| RISEx ARB/USDC | +0.0330% | 1h | 0.2274 | +0.006% | $502K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0464% | 1h | 0.2275 | +0.068% | $929K | $2.8M | 20x | as long as short |
dYdX ARB-USD
Extended ARB-USD
Binance ARBUSDT
BloFin ARB-USDT
Gate ARB_USDT
BingX ARB-USDT
Bitget ARBUSDT
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
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
GMX ARB/USD [ARB-USDC]
RISEx ARB/USDC
Backpack ARB_USDC_PERP