Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.003%

Price spread now: Gate against Kraken Futures−0.060%51s7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as 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−$630.628% of the position

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 3 days (all we have)−0.746%−$75 · spread now −0.060%, 7d avg −0.078%

Together, before fees−0.712%−$71 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.078%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 51 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	0.2236	0.0085	pay 0.0011% / 1h	43m 29s	$1.1M	$5.2M	50x
Short	Gate ARB_USDT	0.2234	0.0025	get 0.0025% / 8h	1h 43m	$5.5M	$20.6M	60x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.060%Rate

Funding earned: −$12.62
Price spread: −0.060% → −0.078%: $1.77
Slippage, 4 orders: −$37.79
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$73.63
Costs to cover: 0.628%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; Gate: live order book, 5 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, 5 min ago	6.07 bp	15.7 bp −$16	28.0 bp −$280	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	2.02 bp	15.2 bp −$15	35.6 bp −$356	107.4 bp −$10.7K	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	−0.1770%	1h	0.2218	−0.794%	$40K	$283K	12x	as long as short
01 Exchange ARBUSD	−0.0232%	1h	0.2234	−0.087%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0157%	8h	0.2228	−0.345%	$1.9M	$2.8M	—	as long as short
Bybit ARBUSDT	−0.0136%	8h	0.2233	−0.141%	$57.5M	$135.7M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0102%	8h	0.2233	−0.105%	$22.3M	$163.3M	50x	as long as short
MEXC ARB_USDT	−0.0102%	8h	0.2234	−0.060%	$36.6M	$62.2M	200x	as long as short
SoDEX ARB-USD	−0.0073%	1h	0.2234	−0.096%	$4K	$2.8M	5x	as long as short
Polymarket Perps ARB-USD	−0.0056%	1h	0.2234	−0.060%	$76K	$2.2M	10x	as long as short
Orderly PERP_ARB_USDC	−0.0025%	8h	0.2234	−0.078%	$10K	$394K	10x	as long as short
Binance ARBUSDT	−0.0011%	8h	0.2234	−0.065%	$63.7M	$322.6M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ARB-USD	−0.0008%	1h	0.2233	−0.104%	$355K	$2.4M	25x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2234	−0.067%	$66K	$4K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2234	−0.087%	$26K	$32K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2235	−0.043%	$55K	—	150x	as long as short
Gate ARB_USDTshort	+0.0025%	8h	0.2234	−0.060%	$5.5M	$20.6M	60x
Aevo ARB-PERP	+0.0080%	1h	0.2235	−0.045%	$146K	$12K	3x	as long as short
Bitget ARBUSDT	+0.0082%	8h	0.2234	−0.078%	$20.9M	$38.0M	50x	as long as short
BingX ARB-USDC	+0.0083%	8h	0.2233	−0.136%	—	$6.5M	—	as long as short
Kraken Futures PF_ARBUSDlong	+0.0085%	1h	0.2236	long leg	$1.1M	$5.2M	50x
Lighter ARB	+0.0096%	1h	0.2235	−0.016%	$1.3M	$7.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2237	+0.074%	$39.9M	$52.2M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2235	−0.028%	$695K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2235	−0.017%	$44K	$197K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2236	−0.007%	$20.6M	$16.9M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2232	−0.162%	$36K	$460K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2232	−0.168%	$480K	$4.0M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2232	−0.168%	$121K	$294K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2235	−0.033%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2233	−0.118%	$276K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2234	−0.078%	$5.2M	$13.5M	50x	as long as short
BloFin ARB-USDT	+0.0108%	8h	0.2232	−0.172%	$3.0M	$3.3M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0264%	1h	0.2236	+0.011%	$507K	$2.5M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0274% / S −0.0157%	1h	0.2235	−0.047%	$836K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0291%	1h	0.2234	−0.093%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0363%	1h	0.2236	+0.024%	$493K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0613%	1h	0.2238	+0.083%	$1.1M	$2.7M	20x	as long as short