Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0491%/8h= +53.8% APRpaid last 24h +0.004%

Price spread now: HTX against Kraken Futures+0.123%7-day average −0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$990.985% of the position

Long on Kraken Futures Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.190%+$19 on $10k

Price spread, last 4 days (all we have)−0.322%−$32 · spread now +0.123%, 7d avg −0.066%

Together, before fees−0.132%−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and HTX is 0.189% dearer against Kraken Futures than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.066%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.190% in total (about 9.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ARBUSD	0.2189	−0.0391	get 0.0049% / 1h	54m 50s	$1.1M	$4.3M	50x
Short	HTX ARB-USDT	0.2192	0.0100	get 0.0100% / 8h	6h 54m	$296K	$826K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.123%Rate

Funding earned: $103.1
Price spread: +0.123% → −0.066%: $18.9
Slippage, 4 orders: −$76.53
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: $23.46
Costs to cover: 0.985%
Break-even: 5.4 days

Slippage from Kraken Futures: live order book, 4 min ago; HTX: live order book, 59 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, 4 min ago	12.71 bp	18.8 bp −$19	63.5 bp −$635	doesn't fit	doesn't fit
Sell HTX live order book, 59 min ago	7.53 bp	20.1 bp −$20	doesn't fit	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	−0.1631%	1h	0.2191	+0.086%	$40K	$372K	12x	as long as short
Kraken Futures PF_ARBUSDlong	−0.0391%	1h	0.2189	long leg	$1.1M	$4.3M	50x
01 Exchange ARBUSD	−0.0320%	1h	0.2189	+0.013%	$7K	$458	10x	as long as short
SoDEX ARB-USD	−0.0137%	1h	0.2188	−0.060%	$9K	$2.2M	5x	as long as short
OKX ARB-USDT-SWAP	−0.0119%	8h	0.2183	−0.261%	$22.3M	$145.4M	50x	as long as short
MEXC ARB_USDT	−0.0117%	8h	0.2186	−0.156%	$42.6M	$62.7M	200x	as long as short
Gate ARB_USDT	−0.0072%	8h	0.2184	−0.238%	$5.4M	$17.6M	60x	as long as short
Bybit ARBUSDT	−0.0044%	8h	0.2184	−0.238%	$53.5M	$124.3M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0032%	8h	0.2189	−0.005%	$16K	$411K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0024%	1h	0.2189	−0.023%	$28K	$37K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2192	+0.125%	$64K	$4K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2184	−0.217%	$361K	$3.0M	25x	as long as short
Binance ARBUSDT	0.0000%	8h	0.2184	−0.242%	$63.3M	$297.6M	75x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2211	+1.000%	$73K	—	150x	as long as short
Variational Omni ARB	+0.0023%	8h	0.2199	+0.444%	$1.8M	$3.0M	—	as long as short
BloFin ARB-USDT	+0.0025%	8h	0.2193	+0.168%	$3.0M	$2.3M	75x	as long as short
Phemex ARBUSDT	+0.0027%	8h	0.2189	−0.005%	$4.7M	$12.8M	50x	as long as short
BingX ARB-USDT	+0.0056%	8h	0.2184	−0.229%	—	$32.6M	—	as long as short
Bitget ARBUSDT	+0.0057%	8h	0.2184	−0.234%	$20.9M	$34.7M	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2189	+0.010%	$139K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2184	−0.252%	$1.2M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2187	−0.119%	$35.5M	$51.3M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2188	−0.061%	$625K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2194	+0.228%	$43K	$144K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2186	−0.138%	$19.0M	$13.8M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2202	+0.594%	$40K	$465K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2203	+0.640%	$474K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2202	+0.589%	$119K	$290K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2192	+0.132%	$73K	$2.0M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2189	−0.005%	$2K	$1.1M	30x	as long as short
HTX ARB-USDTshort	+0.0100%	8h	0.2192	+0.123%	$296K	$826K	50x
Backpack ARB_USDC_PERP	+0.0165%	1h	0.2188	−0.064%	$977K	$2.7M	20x	as long as short
RISEx ARB/USDC	+0.0198%	1h	0.2191	+0.104%	$542K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0159%	1h	0.2191	+0.068%	$829K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2192	+0.129%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0408%	1h	0.2193	+0.178%	$525K	$1.5M	50x	as long as short