Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0015%/8h= +1.7% APRpaid last 24h +0.012%

Price spread now: SunX against Kraken Futures−0.035%7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$171as in the Funding arb table

Net, price: spread back to 7d avg − costs−$197as in the Price arb table

costs, in and out, $10k−$1911.910% of the position

Long on Kraken Futures Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.203%+$20 on $10k

Price spread, last 3 days (all we have)+0.112%+$11 · spread now −0.035%, 7d avg +0.029%

Together, before fees+0.315%+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 0.064% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.035% now, against its 7-day average of +0.029%). If the spread goes back, that is −$6 on $10k: about 14 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.203% in total) that is about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ARBUSD	0.2240	0.0085	pay 0.0011% / 1h	29m 01s	$1.1M	$5.1M	50x
Short	SunX ARB-USDT	0.2239	0.0100	get 0.0100% / 8h	1h 29m	$2K	$1.1M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.035%Rate

Funding earned: $3.17
Price spread: −0.035% → +0.029%: −$6.44
Slippage, 4 orders: −$173
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$194.27
Costs to cover: 1.910%
Break-even: 436.4 days

Slippage from Kraken Futures: live order book, 5 min ago; SunX: live order book, 4 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, 5 min ago	8.91 bp	15.6 bp −$16	20.7 bp −$207	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	31.28 bp	95.1 bp −$95	doesn't fit	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	−0.1770%	1h	0.2226	−0.616%	$40K	$283K	12x	as long as short
01 Exchange ARBUSD	−0.0232%	1h	0.2237	−0.120%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0162%	8h	0.2230	−0.439%	$1.9M	$2.8M	—	as long as short
SoDEX ARB-USD	−0.0154%	1h	0.2238	−0.102%	$4K	$2.8M	5x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0152%	1h	0.2238	−0.067%	$26K	$32K	25x	as long as short
Bybit ARBUSDT	−0.0141%	8h	0.2237	−0.111%	$57.8M	$133.7M	50x	as long as short
Polymarket Perps ARB-USD	−0.0108%	1h	0.2237	−0.138%	$71K	$2.1M	10x	as long as short
OKX ARB-USDT-SWAP	−0.0104%	8h	0.2238	−0.080%	$22.4M	$161.5M	50x	as long as short
MEXC ARB_USDT	−0.0103%	8h	0.2239	−0.053%	$37.6M	$62.6M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0031%	8h	0.2237	−0.125%	$11K	$394K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	−0.0011%	8h	0.2238	−0.089%	$63.9M	$319.0M	75x	as long as short
Extended ARB-USD	−0.0008%	1h	0.2238	−0.089%	$356K	$2.4M	25x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2239	−0.056%	$66K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2238	−0.080%	$56K	—	150x	as long as short
Gate ARB_USDT	+0.0030%	8h	0.2238	−0.089%	$5.5M	$20.7M	60x	as long as short
Bitget ARBUSDT	+0.0077%	8h	0.2238	−0.080%	$20.9M	$37.4M	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2238	−0.058%	$146K	$12K	3x	as long as short
BingX ARB-USDT	+0.0083%	8h	0.2239	−0.026%	—	$53.4M	—	as long as short
Kraken Futures PF_ARBUSDlong	+0.0085%	1h	0.2240	long leg	$1.1M	$5.1M	50x
Lighter ARB	+0.0096%	1h	0.2239	−0.049%	$1.3M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2241	+0.049%	$40.0M	$51.0M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2237	−0.118%	$695K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2239	−0.055%	$45K	$193K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2240	+0.014%	$20.6M	$16.6M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2240	+0.031%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2232	−0.348%	$473K	$4.0M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2243	+0.143%	$121K	$294K	50x	as long as short
SunX ARB-USDTshort	+0.0100%	8h	0.2239	−0.035%	$2K	$1.1M	30x
HTX ARB-USDT	+0.0100%	8h	0.2238	−0.102%	$276K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2237	−0.125%	$5.2M	$13.5M	50x	as long as short
BloFin ARB-USDT	+0.0109%	8h	0.2237	−0.138%	$3.0M	$3.3M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0264%	1h	0.2235	−0.223%	$505K	$2.3M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0275% / S −0.0158%	1h	0.2238	−0.063%	$840K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2235	−0.192%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0363%	1h	0.2239	−0.015%	$494K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0626%	1h	0.2241	+0.076%	$1.1M	$2.7M	20x	as long as short