Funding you earn now, next payment 04:00 UTC−0.0154%/8h= −16.9% APRnext payment −$0.19 per $10,000 · paid last 24h −0.008%
Price spread now: 01 Exchange against Kraken Futures−0.252%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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—needs both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and 01 Exchange is 0.252% cheaper against Kraken Futures than usual: you would sell low and buy high (−$25 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ARBUSD | 0.2203 | −0.0006 | get 0.0001% / 1h | 43m 31s | $1.1M | $4.4M | 50x |
| Short | 01 Exchange ARBUSD | 0.2198 | −0.0160 | pay 0.0020% / 1h | 43m 31s | $7K | $2K | 10x |
Kraken Futures PF_ARBUSD
01 Exchange ARBUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange 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
- −$32.33
- Price spread: −0.252% → 0.000%
- −$25.16
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$74.49
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 5 min ago; 01 Exchange: 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, 5 min ago | 9.56 bp | 14.9 bp −$15 | 20.8 bp −$208 | doesn't fit | doesn't fit |
| Sell 01 Exchange no order-book sample | — | — | — | — | — |
01 Exchange: 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 | −0.1649% | 1h | 0.2191 | −0.556% | $40K | $372K | 12x | as long as short |
| 01 Exchange ARBUSDshort | −0.0160% | 1h | 0.2198 | −0.252% | $7K | $2K | 10x | |
| Polymarket Perps ARB-USD | −0.0141% | 1h | 0.2197 | −0.265% | $91K | $2.2M | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0135% | 8h | 0.2197 | −0.279% | $22.2M | $147.8M | 50x | as long as short |
| MEXC ARB_USDT | −0.0134% | 8h | 0.2197 | −0.270% | $40.6M | $59.6M | 200x | as long as short |
| Variational Omni ARB | −0.0116% | 8h | 0.2201 | −0.091% | $1.8M | $2.9M | — | as long as short |
| Gate ARB_USDT | −0.0105% | 8h | 0.2199 | −0.174% | $5.3M | $18.7M | 60x | as long as short |
| Orderly PERP_ARB_USDC | −0.0078% | 8h | 0.2202 | −0.056% | $12K | $389K | 10x | as long as short |
| Bybit ARBUSDT | −0.0044% | 8h | 0.2198 | −0.256% | $55.7M | $126.0M | 50x | as long as short |
| Kraken Futures PF_ARBUSDlong | −0.0006% | 1h | 0.2203 | long leg | $1.1M | $4.4M | 50x |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Variational Omni ARB
Gate ARB_USDT
Orderly PERP_ARB_USDC
Bybit ARBUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2202 | −0.053% | $65K | $5K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2203 | −0.011% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2199 | −0.174% | $32K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0010% | 8h | 0.2198 | −0.219% | $64.1M | $306.3M | 75x | as long as short |
| Extended ARB-USD | +0.0016% | 1h | 0.2198 | −0.223% | $351K | $2.5M | 25x | as long as short |
| SoDEX ARB-USD | +0.0039% | 1h | 0.2202 | −0.061% | $10K | $2.3M | 5x | as long as short |
| BloFin ARB-USDT | +0.0051% | 8h | 0.2201 | −0.106% | $3.1M | $2.6M | 75x | as long as short |
| Bitget ARBUSDT | +0.0064% | 8h | 0.2198 | −0.238% | $20.9M | $34.7M | 50x | as long as short |
| BingX ARB-USDT | +0.0066% | 8h | 0.2198 | −0.215% | — | $53.7M | — | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2203 | −0.005% | $140K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2201 | −0.111% | $1.2M | $5.7M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2199 | −0.184% | $38.0M | $48.8M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2201 | −0.079% | $635K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2201 | −0.099% | $43K | $169K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2199 | −0.193% | $19.5M | $15.1M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2199 | −0.194% | $40K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2201 | −0.103% | $469K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2200 | −0.147% | $120K | $284K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2207 | +0.170% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2203 | −0.025% | $299K | $952K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2202 | −0.056% | $4.9M | $12.9M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2203 | −0.011% | $493K | $2.0M | 50x | as long as short |
| RISEx ARB/USDC | +0.0225% | 1h | 0.2200 | −0.147% | $476K | $2.6M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2204 | +0.053% | $823K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2197 | −0.297% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0635% | 1h | 0.2205 | +0.102% | $996K | $2.8M | 20x | as long as short |
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
SoDEX ARB-USD
BloFin ARB-USDT
Bitget ARBUSDT
BingX ARB-USDT
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
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP