Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h −0.028%

Price spread now: MEXC against Kraken Futures−0.008%7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$370.374% of the position

Long on Kraken Futures Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 4 days (all we have)−1.353%−$135 · spread now −0.008%, 7d avg −0.084%

Together, before fees−1.386%−$139 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.076% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.008% now, against its 7-day average of −0.084%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.0 days. At the pace of the last 7 days (−0.033% in total) that is about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ARBUSD	0.2194	−0.0050	get 0.0006% / 1h	50m 49s	$1.1M	$4.4M	50x
Short	MEXC ARB_USDT	0.2194	−0.0114	pay 0.0114% / 8h	3h 50m	$42.1M	$60.2M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$13.4
Price spread: −0.008% → −0.084%: $7.61
Slippage, 4 orders: −$27.42
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$43.21
Costs to cover: 0.374%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 3 min ago; MEXC: live order book, 3 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	8.41 bp	15.9 bp −$16	23.3 bp −$233	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.23 bp	2.1 bp −$2	9.2 bp −$92	40.9 bp −$4,087	72.4 bp −$36.2K

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	−0.1589%	1h	0.2187	−0.313%	$39K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0283%	1h	0.2195	+0.042%	$81K	$2.1M	10x	as long as short
OKX ARB-USDT-SWAP	−0.0116%	8h	0.2191	−0.145%	$22.2M	$143.3M	50x	as long as short
MEXC ARB_USDTshort	−0.0114%	8h	0.2194	−0.008%	$42.1M	$60.2M	200x
Variational Omni ARB	−0.0098%	8h	0.2194	−0.009%	$1.8M	$2.9M	—	as long as short
Orderly PERP_ARB_USDC	−0.0073%	8h	0.2195	+0.051%	$12K	$406K	10x	as long as short
Kraken Futures PF_ARBUSDlong	−0.0050%	1h	0.2194	long leg	$1.1M	$4.4M	50x
Bybit ARBUSDT	−0.0048%	8h	0.2191	−0.149%	$55.3M	$124.0M	50x	as long as short
01 Exchange ARBUSD	−0.0048%	1h	0.2196	+0.079%	$7K	$2K	10x	as long as short
Gate ARB_USDT	−0.0037%	8h	0.2193	−0.021%	$5.3M	$18.0M	60x	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	0.2197	+0.134%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2195	+0.061%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2196	+0.097%	$32K	—	150x	as long as short
Binance ARBUSDT	+0.0022%	8h	0.2193	−0.031%	$63.7M	$299.9M	75x	as long as short
Extended ARB-USD	+0.0024%	1h	0.2192	−0.078%	$350K	$2.5M	25x	as long as short
SoDEX ARB-USD	+0.0039%	1h	0.2193	−0.031%	$10K	$2.2M	5x	as long as short
Bitget ARBUSDT	+0.0059%	8h	0.2190	−0.176%	$20.8M	$34.1M	50x	as long as short
BingX ARB-USDT	+0.0060%	8h	0.2192	−0.090%	—	$53.6M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2196	+0.082%	$139K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0088%	8h	0.2195	+0.042%	$3.1M	$2.5M	75x	as long as short
Lighter ARB	+0.0096%	1h	0.2194	−0.003%	$1.2M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2196	+0.092%	$37.6M	$48.3M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2196	+0.090%	$632K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2196	+0.088%	$42K	$163K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2194	+0.020%	$19.5M	$14.8M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2200	+0.298%	$38K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2201	+0.324%	$475K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2203	+0.416%	$119K	$284K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2197	+0.143%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2197	+0.143%	$298K	$890K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2196	+0.097%	$5.0M	$12.8M	50x	as long as short
RISEx ARB/USDC	+0.0118%	1h	0.2196	+0.088%	$480K	$2.6M	10x	as long as short
Coinbase International ARB-PERP-INTX	+0.0256%	1h	0.2202	+0.371%	$492K	$1.7M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2196	+0.092%	$829K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2194	+0.017%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0539%	1h	0.2197	+0.143%	$990K	$2.8M	20x	as long as short