Funding you earn now, next payment 00:00 UTC−0.0341%/8h= −37.4% APRpaid last 24h −0.019%
Price spread now: OKX against Kraken Futures−0.106%7-day average −0.115% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$580.577% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 3 days (all we have)−0.524%−$52 · spread now −0.106%, 7d avg −0.115%
=The price spread sits at its 7-day average of −0.115%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.001% in total (about 0.1% 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 | 0.2285 | 0.0234 | pay 0.0029% / 1h | 47m 19s | $1.2M | $4.9M | 50x |
| Short | OKX ARB-USDT-SWAP | 0.2282 | −0.0107 | pay 0.0107% / 8h | 47m 19s | $23.1M | $161.6M | 50x |
Kraken Futures PF_ARBUSD
OKX ARB-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$71.7
- Price spread: −0.106% → −0.115%
- $0.91
- Slippage, 4 orders
- −$37.73
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$128.52
- Costs to cover
- 0.577%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; OKX: live order book, 2 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, 2 min ago | 13.27 bp | 20.2 bp −$20 | 28.9 bp −$289 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.22 bp | 9.3 bp −$9 | 24.9 bp −$249 | 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 | −0.1785% | 1h | 0.2281 | −0.163% | $41K | $372K | 12x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0407% | 1h | 0.2282 | −0.115% | $26K | $32K | 25x | as long as short |
| Polymarket Perps ARB-USD | −0.0256% | 1h | 0.2284 | −0.018% | $79K | $2.0M | 10x | as long as short |
| Variational Omni ARB | −0.0182% | 8h | 0.2292 | +0.321% | $1.9M | $2.7M | — | as long as short |
| 01 Exchange ARBUSD | −0.0160% | 1h | 0.2286 | +0.034% | $7K | $2K | 10x | as long as short |
| Bybit ARBUSDT | −0.0158% | 8h | 0.2281 | −0.141% | $58.8M | $129.2M | 50x | as long as short |
| OKX ARB-USDT-SWAPshort | −0.0107% | 8h | 0.2282 | −0.106% | $23.1M | $161.6M | 50x | |
| MEXC ARB_USDT | −0.0105% | 8h | 0.2283 | −0.066% | $38.4M | $59.4M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0041% | 8h | 0.2283 | −0.075% | $13K | $398K | 10x | as long as short |
| SoDEX ARB-USD | −0.0040% | 1h | 0.2283 | −0.071% | $4K | $2.6M | 5x | as long as short |
Injective ARB/USDC PERP
Deribit ARB_USDC-PERPETUAL
Polymarket Perps ARB-USD
Variational Omni ARB
01 Exchange ARBUSD
Bybit ARBUSDT
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 | 0.2290 | +0.219% | $68K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2283 | −0.076% | $56K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0007% | 8h | 0.2284 | −0.048% | $66.7M | $314.5M | 75x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2282 | −0.127% | $363K | $2.3M | 25x | as long as short |
| BloFin ARB-USDT | +0.0028% | 8h | 0.2284 | −0.018% | $3.1M | $2.7M | 75x | as long as short |
| Gate ARB_USDT | +0.0032% | 8h | 0.2286 | +0.034% | $5.5M | $20.1M | 60x | as long as short |
| BingX ARB-USDC | +0.0067% | 8h | 0.2284 | −0.018% | — | $6.5M | — | as long as short |
| Bitget ARBUSDT | +0.0069% | 8h | 0.2282 | −0.119% | $21.6M | $36.7M | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2283 | −0.061% | $149K | $12K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2285 | +0.012% | $1.4M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2289 | +0.170% | $41.5M | $47.9M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2288 | +0.153% | $712K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2290 | +0.241% | $48K | $187K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2285 | +0.008% | $19.9M | $16.4M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2299 | +0.613% | $41K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2299 | +0.644% | $490K | $3.7M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2291 | +0.275% | $123K | $295K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2284 | −0.031% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2284 | −0.040% | $294K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2284 | −0.031% | $5.3M | $13.3M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0216% | 1h | 0.2284 | −0.031% | $513K | $2.3M | 50x | as long as short |
| Kraken Futures PF_ARBUSDlong | +0.0234% | 1h | 0.2285 | long leg | $1.2M | $4.9M | 50x | |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0157% | 1h | 0.2285 | +0.006% | $857K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2284 | −0.027% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0330% | 1h | 0.2288 | +0.150% | $505K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0584% | 1h | 0.2294 | +0.419% | $940K | $2.8M | 20x | as long as short |
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
BloFin ARB-USDT
Gate ARB_USDT
BingX ARB-USDC
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
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP