Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0198%/8h= +21.7% APRpaid last 24h +0.026%

Price spread now: KuCoin against Kraken Futures−0.003%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$670.674% of the position

Long on Kraken Futures Short on KuCoin

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)−2.551%−$255 · spread now −0.003%, 7d avg −0.045%

Together, before fees−2.365%−$237 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and KuCoin is 0.042% dearer against Kraken Futures than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ARBUSD	0.2226	−0.0098	get 0.0012% / 1h	10m 21s	$1.1M	$4.4M	50x
Short	KuCoin ARBUSDTM	0.2226	0.0100	get 0.0100% / 8h	5h 10m	$19.7M	$15.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.003%Rate

Funding earned: $41.55
Price spread: −0.003% → −0.045%: $4.17
Slippage, 4 orders: −$45.36
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$21.64
Costs to cover: 0.674%
Break-even: 10.6 days

Slippage from Kraken Futures: live order book, 4 min ago; KuCoin: live order book, 8 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	10.77 bp	18.4 bp −$18	25.8 bp −$258	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	1.12 bp	15.6 bp −$16	38.2 bp −$382	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	−0.1577%	1h	0.2213	−0.605%	$40K	$372K	12x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0154%	1h	0.2226	−0.003%	$25K	$34K	25x	as long as short
OKX ARB-USDT-SWAP	−0.0142%	8h	0.2225	−0.057%	$22.4M	$150.3M	50x	as long as short
MEXC ARB_USDT	−0.0140%	8h	0.2225	−0.066%	$38.3M	$59.4M	200x	as long as short
Variational Omni ARB	−0.0140%	8h	0.2223	−0.155%	$1.9M	$2.9M	—	as long as short
01 Exchange ARBUSD	−0.0112%	1h	0.2229	+0.113%	$7K	$2K	10x	as long as short
Polymarket Perps ARB-USD	−0.0110%	1h	0.2228	+0.086%	$88K	$2.1M	10x	as long as short
Gate ARB_USDT	−0.0103%	8h	0.2226	−0.012%	$5.4M	$19.2M	60x	as long as short
Kraken Futures PF_ARBUSDlong	−0.0098%	1h	0.2226	long leg	$1.1M	$4.4M	50x
SoDEX ARB-USD	−0.0080%	1h	0.2225	−0.044%	$10K	$2.3M	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ARB_USDC	−0.0075%	8h	0.2227	+0.024%	$12K	$387K	10x	as long as short
Bybit ARBUSDT	−0.0074%	8h	0.2226	−0.026%	$56.7M	$125.9M	50x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2230	+0.176%	$66K	$5K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0013%	1h	0.2227	+0.038%	$11K	—	150x	as long as short
Binance ARBUSDT	+0.0024%	8h	0.2227	+0.006%	$65.0M	$306.6M	75x	as long as short
Extended ARB-USD	+0.0024%	1h	0.2225	−0.066%	$353K	$2.5M	25x	as long as short
Phemex ARBUSDT	+0.0039%	8h	0.2225	−0.066%	$5.0M	$12.9M	50x	as long as short
Bitget ARBUSDT	+0.0075%	8h	0.2225	−0.066%	$21.2M	$34.6M	50x	as long as short
BingX ARB-USDT	+0.0078%	8h	0.2226	−0.017%	—	$53.8M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2226	−0.010%	$141K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0095%	8h	0.2228	+0.064%	$3.1M	$2.6M	75x	as long as short
Lighter ARB	+0.0096%	1h	0.2229	+0.131%	$1.2M	$6.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2229	+0.095%	$38.6M	$49.2M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2228	+0.061%	$652K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2229	+0.127%	$43K	$169K	10x	as long as short
KuCoin ARBUSDTMshort	+0.0100%	8h	0.2226	−0.003%	$19.7M	$15.3M	75x
edgeX ARBUSDC	+0.0100%	4h	0.2227	+0.003%	$40K	$460K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2229	+0.113%	$483K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2227	+0.024%	$120K	$283K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2231	+0.203%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2227	+0.037%	$303K	$939K	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2229	+0.113%	$499K	$2.0M	50x	as long as short
RISEx ARB/USDC	+0.0232%	1h	0.2230	+0.172%	$485K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2227	+0.021%	$832K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2225	−0.074%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0564%	1h	0.2231	+0.208%	$1.0M	$2.8M	20x	as long as short