Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0238%/8h= −26.1% APRpaid last 24h −0.018%

Price spread now: Kraken Futures against KuCoin−0.106%7-day average +0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$800.803% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.193%−$19 on $10k

Price spread, last 3 days (all we have)+0.587%+$59 · spread now −0.106%, 7d avg +0.048%

Together, before fees+0.394%+$39 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Kraken Futures is 0.154% cheaper against KuCoin than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.048%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ARBUSDTM	0.2250	0.0100	pay 0.0100% / 8h	7h 31m	$19.6M	$15.8M	75x
Short	Kraken Futures PF_ARBUSD	0.2248	−0.0138	pay 0.0017% / 1h	31m 37s	$1.1M	$4.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against KuCoin. 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 KuCoinbpFee Kraken FuturesbpOrdersPrice spread, now −0.106%Rate

Funding earned: −$50.06
Price spread: −0.106% → +0.048%: −$15.4
Slippage, 4 orders: −$58.3
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$145.77
Costs to cover: 0.803%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Kraken Futures: 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 KuCoin live order book, 2 min ago	1.78 bp	19.1 bp −$19	42.2 bp −$422	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	11.56 bp	19.8 bp −$20	25.4 bp −$254	544.7 bp −$54.5K	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	−0.1666%	1h	0.2237	−0.591%	$40K	$372K	12x	as long as short
Variational Omni ARB	−0.0212%	8h	0.2242	−0.373%	$1.9M	$2.8M	—	as long as short
Bybit ARBUSDT	−0.0155%	8h	0.2251	+0.013%	$58.1M	$126.4M	50x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0151%	1h	0.2246	−0.187%	$25K	$34K	25x	as long as short
01 Exchange ARBUSD	−0.0144%	1h	0.2250	+0.004%	$7K	$2K	10x	as long as short
Kraken Futures PF_ARBUSDshort	−0.0138%	1h	0.2248	−0.106%	$1.1M	$4.9M	50x
OKX ARB-USDT-SWAP	−0.0119%	8h	0.2251	+0.053%	$22.6M	$156.6M	50x	as long as short
MEXC ARB_USDT	−0.0118%	8h	0.2247	−0.138%	$38.4M	$59.0M	200x	as long as short
SoDEX ARB-USD	−0.0115%	1h	0.2246	−0.200%	$4K	$2.5M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0046%	8h	0.2246	−0.191%	$12K	$386K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ARB-USD	−0.0008%	1h	0.2249	−0.053%	$361K	$3.6M	25x	as long as short
Binance ARBUSDT	−0.0007%	8h	0.2251	+0.045%	$66.3M	$309.8M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2247	−0.127%	$66K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2247	−0.161%	$32K	—	150x	as long as short
BingX ARB-USDC	+0.0061%	8h	0.2247	−0.133%	—	$6.5M	—	as long as short
Bitget ARBUSDT	+0.0070%	8h	0.2249	−0.058%	$21.4M	$35.6M	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2247	−0.162%	$142K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2249	−0.071%	$1.4M	$7.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2249	−0.071%	$40.5M	$47.3M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2248	−0.120%	$699K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2248	−0.080%	$44K	$186K	10x	as long as short
Gate ARB_USDT	+0.0100%	8h	0.2250	−0.004%	$5.4M	$19.8M	60x	as long as short
KuCoin ARBUSDTMlong	+0.0100%	8h	0.2250	long leg	$19.6M	$15.8M	75x
edgeX ARBUSDC	+0.0100%	4h	0.2242	−0.374%	$40K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2241	−0.413%	$479K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2246	−0.191%	$121K	$296K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2246	−0.209%	$64K	$2.0M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2245	−0.236%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2245	−0.218%	$292K	$974K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2245	−0.236%	$5.1M	$13.0M	50x	as long as short
BloFin ARB-USDT	+0.0111%	8h	0.2246	−0.187%	$3.1M	$2.8M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0232%	1h	0.2248	−0.102%	$506K	$2.2M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0288% / S −0.0175%	1h	0.2247	−0.156%	$889K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2244	−0.258%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0384%	1h	0.2252	+0.082%	$514K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0482%	1h	0.2249	−0.062%	$1.0M	$2.8M	20x	as long as short