ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0456%/8h= +49.9% APRnext payment +$0.57 per $10,000 · paid last 24h +0.061%

Price spread now: Reya against Kraken Futures−0.086%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.086% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.086% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 15 hours of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ARBUSD	0.2201	−0.0168	get 0.0021% / 1h	46m 47s	$1.1M	$4.2M	50x
Short	Reya ARBRUSDPERP	0.2199	0.0288	get 0.0036% / 1h	46m 47s	$2K	$695	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.086%Rate

Funding earned: $95.74
Price spread: −0.086% → 0.000%: −$8.57
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $71.17
Costs to cover: 0.160%
Break-even: 1.8 days

Slippage unknown: Kraken Futures: live order book, 2 min ago; Reya: no order-book sample. Net counts fees only.

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	5.23 bp	13.4 bp −$13	23.4 bp −$234	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1605%	1h	0.2183	−0.814%	$39K	$372K	12x	as long as short
Kraken Futures PF_ARBUSDlong	−0.0168%	1h	0.2201	long leg	$1.1M	$4.2M	50x
SoDEX ARB-USD	−0.0103%	1h	0.2200	−0.064%	$9K	$2.2M	5x	as long as short
Phemex ARBUSDT	−0.0096%	8h	0.2199	−0.087%	$4.8M	$12.8M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0074%	8h	0.2199	−0.101%	$22.3M	$146.1M	50x	as long as short
MEXC ARB_USDT	−0.0074%	8h	0.2199	−0.073%	$43.2M	$62.7M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0042%	8h	0.2200	−0.042%	$16K	$414K	10x	as long as short
01 Exchange ARBUSD	−0.0040%	1h	0.2201	−0.014%	$7K	$236	10x	as long as short
Gate ARB_USDT	−0.0028%	8h	0.2200	−0.046%	$5.4M	$18.1M	60x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2200	−0.030%	$65K	$4K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2199	−0.069%	$28K	$38K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2200	−0.019%	$73K	—	150x	as long as short
Binance ARBUSDT	+0.0008%	8h	0.2199	−0.078%	$63.4M	$299.0M	75x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2198	−0.138%	$365K	$3.1M	25x	as long as short
BloFin ARB-USDT	+0.0017%	8h	0.2199	−0.092%	$3.0M	$2.3M	75x	as long as short
Variational Omni ARB	+0.0029%	8h	0.2190	−0.506%	$1.8M	$3.0M	—	as long as short
Bitget ARBUSDT	+0.0080%	8h	0.2199	−0.087%	$21.2M	$34.6M	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2200	−0.039%	$140K	$7K	3x	as long as short
Bybit ARBUSDT	+0.0089%	8h	0.2199	−0.073%	$53.5M	$125.9M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2200	−0.042%	$1.3M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2201	−0.005%	$36.8M	$49.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2200	−0.058%	$630K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2201	−0.012%	$43K	$146K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2200	−0.042%	$19.6M	$13.8M	75x	as long as short
BingX ARB-USDT	+0.0100%	8h	0.2199	−0.078%	—	$32.8M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2193	−0.358%	$40K	$467K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2194	−0.331%	$471K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2193	−0.360%	$118K	$267K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2201	+0.022%	$74K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2202	+0.049%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2200	−0.037%	$295K	$836K	50x	as long as short
RISEx ARB/USDC	+0.0123%	1h	0.2199	−0.080%	$517K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0247%	1h	0.2203	+0.090%	$985K	$2.8M	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0159%	1h	0.2201	+0.001%	$831K	—	150x	as long as short
Reya ARBRUSDPERPshort	+0.0288%	1h	0.2199	−0.086%	$2K	$695	20x
Coinbase International ARB-PERP-INTX	+0.0336%	1h	0.2203	+0.095%	$526K	$1.5M	50x	as long as short