ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0019%/8h= +2.1% APRnext payment +$0.02 per $10,000 · paid last 24h −0.024%

Price spread now: SoDEX against Kraken Futures−0.042%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$460.461% of the position

Long on Kraken Futures Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.082%−$8 on $10k

Price spread, last 4 days (all we have)−0.078%−$8 · spread now −0.042%, 7d avg −0.069%

Together, before fees−0.159%−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and SoDEX is 0.027% dearer against Kraken Futures than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.069%. Mind the row above: over the last 3 days funding on this pair cost −0.082%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ARBUSD	0.2225	−0.0098	get 0.0012% / 1h	11m 39s	$1.1M	$4.4M	50x
Short	SoDEX ARB-USD	0.2224	−0.0079	pay 0.0010% / 1h	11m 39s	$10K	$2.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.042%Rate

Funding earned: $4.03
Price spread: −0.042% → −0.069%: $2.74
Slippage, 4 orders: −$28.1
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$39.32
Costs to cover: 0.461%
Break-even: 75.2 days

Slippage from Kraken Futures: live order book, 2 min ago; SoDEX: 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	10.77 bp	18.4 bp −$18	25.8 bp −$258	doesn't fit	doesn't fit
Sell SoDEX live order book, 2 min ago	0.22 bp	5.4 bp −$5	20.0 bp −$200	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	0.2218	−0.320%	$40K	$372K	12x	as long as short
Variational Omni ARB	−0.0144%	8h	0.2231	+0.251%	$1.9M	$2.9M	—	as long as short
OKX ARB-USDT-SWAP	−0.0141%	8h	0.2224	−0.046%	$22.4M	$150.2M	50x	as long as short
MEXC ARB_USDT	−0.0140%	8h	0.2223	−0.109%	$38.2M	$59.4M	200x	as long as short
01 Exchange ARBUSD	−0.0112%	1h	0.2225	+0.012%	$7K	$2K	10x	as long as short
Polymarket Perps ARB-USD	−0.0111%	1h	0.2222	−0.141%	$87K	$2.1M	10x	as long as short
Gate ARB_USDT	−0.0110%	8h	0.2225	−0.024%	$5.4M	$19.2M	60x	as long as short
Kraken Futures PF_ARBUSDlong	−0.0098%	1h	0.2225	long leg	$1.1M	$4.4M	50x
SoDEX ARB-USDshort	−0.0079%	1h	0.2224	−0.042%	$10K	$2.3M	5x
Bybit ARBUSDT	−0.0078%	8h	0.2225	−0.019%	$56.7M	$126.0M	50x	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	−0.0074%	8h	0.2222	−0.141%	$13K	$386K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0020%	1h	0.2223	−0.091%	$24K	$34K	25x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2224	−0.055%	$66K	$5K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0013%	1h	0.2224	−0.054%	$11K	—	150x	as long as short
Binance ARBUSDT	+0.0024%	8h	0.2225	−0.001%	$65.0M	$306.6M	75x	as long as short
Extended ARB-USD	+0.0024%	1h	0.2222	−0.119%	$353K	$2.5M	25x	as long as short
Phemex ARBUSDT	+0.0039%	8h	0.2224	−0.051%	$5.0M	$12.9M	50x	as long as short
Bitget ARBUSDT	+0.0075%	8h	0.2222	−0.141%	$21.2M	$34.6M	50x	as long as short
BingX ARB-USDC	+0.0081%	8h	0.2222	−0.145%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2225	−0.028%	$141K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2224	−0.060%	$1.2M	$6.4M	15x	as long as short
BloFin ARB-USDT	+0.0099%	8h	0.2226	+0.053%	$3.1M	$2.6M	75x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2225	−0.019%	$38.5M	$49.2M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2223	−0.105%	$651K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2224	−0.062%	$42K	$169K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2223	−0.091%	$19.6M	$15.3M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2227	+0.064%	$40K	$460K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2229	+0.173%	$483K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2227	+0.084%	$120K	$283K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2227	+0.084%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2225	−0.019%	$303K	$939K	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2231	+0.264%	$504K	$2.0M	50x	as long as short
RISEx ARB/USDC	+0.0232%	1h	0.2227	+0.068%	$484K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2224	−0.061%	$830K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2221	−0.176%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0565%	1h	0.2226	+0.048%	$1.0M	$2.8M	20x	as long as short