Funding you earn now, next payment 08:00 UTC+0.0172%/8h= +18.9% APRnext payment +$1.72 per $10,000 · paid last 24h +0.048%
Price spread now: KuCoin against Orderly−0.027%7-day average +0.011% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.294%+$29 on $10k
+Price spread, last 4 days (all we have)−2.460%−$246 · spread now −0.027%, 7d avg +0.011%
=Funding pays, the price is against you. KuCoin is 0.038% cheaper against Orderly than usual: you would sell low and buy high (spread −0.027% now, against its 7-day average of +0.011%). If the spread goes back, that is −$4 on $10k: about 18 hours of funding at the current rate (+$5 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ARB_USDC | 0.2219 | −0.0072 | get 0.0072% / 8h | 5h 37m | $12K | $384K | 10x |
| Short | KuCoin ARBUSDTM | 0.2218 | 0.0100 | get 0.0100% / 8h | 5h 37m | $19.6M | $15.5M | 75x |
Orderly PERP_ARB_USDC
KuCoin ARBUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Orderly. 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
- $36.2
- Price spread: −0.027% → +0.011%
- −$3.79
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $14.41
- Costs to cover
- 0.180%
- Break-even
- 4.2 days
Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 1 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 1 min ago | 1.58 bp | 17.8 bp −$18 | 44.3 bp −$443 | doesn't fit | doesn't fit |
Orderly: 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 | −0.1577% | 1h | 0.2203 | −0.721% | $40K | $372K | 12x | as long as short |
| SoDEX ARB-USD | −0.0157% | 1h | 0.2220 | +0.041% | $10K | $2.4M | 5x | as long as short |
| Variational Omni ARB | −0.0150% | 8h | 0.2215 | −0.188% | $1.9M | $2.9M | — | as long as short |
| 01 Exchange ARBUSD | −0.0144% | 1h | 0.2218 | −0.059% | $7K | $2K | 10x | as long as short |
| MEXC ARB_USDT | −0.0132% | 8h | 0.2219 | −0.014% | $38.3M | $59.1M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0131% | 8h | 0.2220 | +0.050% | $22.3M | $151.9M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0098% | 1h | 0.2221 | +0.090% | $1.1M | $4.6M | 50x | as long as short |
| Polymarket Perps ARB-USD | −0.0088% | 1h | 0.2219 | +0.005% | $96K | $2.1M | 10x | as long as short |
| Bybit ARBUSDT | −0.0087% | 8h | 0.2220 | +0.023% | $56.4M | $126.4M | 50x | as long as short |
| Gate ARB_USDT | −0.0076% | 8h | 0.2219 | +0.009% | $5.4M | $19.0M | 60x | as long as short |
Injective ARB/USDC PERP
SoDEX ARB-USD
Variational Omni ARB
01 Exchange ARBUSD
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Kraken Futures PF_ARBUSD
Polymarket Perps ARB-USD
Bybit ARBUSDT
Gate ARB_USDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ARB_USDClong | −0.0072% | 8h | 0.2219 | long leg | $12K | $384K | 10x | |
| Deribit ARB_USDC-PERPETUAL | −0.0020% | 1h | 0.2221 | +0.077% | $24K | $34K | 25x | as long as short |
| ApeX Omni ARBUSDT | −0.0002% | 1h | 0.2213 | −0.270% | $119K | $283K | 50x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2217 | −0.113% | $66K | $5K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2219 | −0.018% | $352K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0003% | 8h | 0.2219 | +0.013% | $64.7M | $308.6M | 75x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0013% | 1h | 0.2220 | +0.054% | $11K | — | 150x | as long as short |
| BloFin ARB-USDT | +0.0018% | 8h | 0.2211 | −0.379% | $3.1M | $2.7M | 75x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2221 | +0.090% | $141K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2216 | −0.144% | $1.2M | $6.4M | 15x | as long as short |
| Bitget ARBUSDT | +0.0096% | 8h | 0.2219 | 0.000% | $21.2M | $35.0M | 50x | as long as short |
| BingX ARB-USDT | +0.0097% | 8h | 0.2219 | 0.000% | — | $53.9M | — | as long as short |
| Phemex ARBUSDT | +0.0099% | 8h | 0.2219 | 0.000% | $5.0M | $12.9M | 50x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2220 | +0.063% | $38.5M | $49.7M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2216 | −0.137% | $649K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2216 | −0.114% | $42K | $178K | 10x | as long as short |
| KuCoin ARBUSDTMshort | +0.0100% | 8h | 0.2218 | −0.027% | $19.6M | $15.5M | 75x | |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2215 | −0.181% | $40K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2212 | −0.316% | $475K | $3.6M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2221 | +0.090% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2222 | +0.135% | $298K | $945K | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2224 | +0.230% | $508K | $2.1M | 50x | as long as short |
| RISEx ARB/USDC | +0.0232% | 1h | 0.2219 | +0.012% | $491K | $2.7M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2221 | +0.068% | $828K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2219 | −0.018% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0535% | 1h | 0.2216 | −0.144% | $998K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
ApeX Omni ARBUSDT
dYdX ARB-USD
Extended ARB-USD
Binance ARBUSDT
gTrade (Gains Network) ARB/USD
BloFin ARB-USDT
Aevo ARB-PERP
Lighter ARB
Bitget ARBUSDT
BingX ARB-USDT
Phemex ARBUSDT
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
HTX ARB-USDT
Coinbase International ARB-PERP-INTX
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP