ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0363%/8h= −39.8% APRnext payment −$0.45 per $10,000 · paid last 24h −0.070%

Price spread now: Kraken Futures against Reya+0.179%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Kraken Futures is 0.179% dearer against Reya than usual: you sell high and buy low (spread +0.179% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ARBRUSDPERP	0.2188	0.0289	pay 0.0036% / 1h	52m 09s	$2K	$695	20x
Short	Kraken Futures PF_ARBUSD	0.2192	−0.0074	pay 0.0009% / 1h	52m 09s	$1.1M	$4.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Reya. 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 ReyabpFee Kraken FuturesbpOrdersPrice spread, now +0.179%Rate

Funding earned: −$76.27
Price spread: +0.179% → 0.000%: $17.94
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$74.32
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Kraken Futures: live order book, 2 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 Reya no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 2 min ago	8.01 bp	15.0 bp −$15	22.7 bp −$227	560.8 bp −$56.1K	doesn't fit

Reya: 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	−0.1581%	1h	0.2174	−0.658%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0200%	1h	0.2190	+0.055%	$7K	$236	10x	as long as short
Polymarket Perps ARB-USD	−0.0151%	1h	0.2188	0.000%	$73K	$2.1M	10x	as long as short
Variational Omni ARB	−0.0095%	8h	0.2182	−0.285%	$1.8M	$3.0M	—	as long as short
OKX ARB-USDT-SWAP	−0.0094%	8h	0.2190	+0.096%	$21.8M	$143.1M	50x	as long as short
MEXC ARB_USDT	−0.0093%	8h	0.2190	+0.096%	$41.3M	$60.1M	200x	as long as short
Kraken Futures PF_ARBUSDshort	−0.0074%	1h	0.2192	+0.179%	$1.1M	$4.4M	50x
Bybit ARBUSDT	−0.0063%	8h	0.2190	+0.050%	$54.5M	$123.8M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0059%	8h	0.2189	+0.028%	$13K	$407K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2190	+0.073%	$65K	$5K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2192	+0.156%	$24K	$31K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2189	+0.049%	$44K	—	150x	as long as short
Gate ARB_USDT	+0.0026%	8h	0.2189	+0.041%	$5.4M	$18.0M	60x	as long as short
Bitget ARBUSDT	+0.0049%	8h	0.2190	+0.073%	$20.8M	$34.2M	50x	as long as short
BingX ARB-USDC	+0.0070%	8h	0.2191	+0.137%	—	$6.5M	—	as long as short
Extended ARB-USD	+0.0072%	1h	0.2190	+0.069%	$348K	$2.8M	25x	as long as short
Binance ARBUSDT	+0.0075%	8h	0.2191	+0.133%	$62.9M	$300.6M	75x	as long as short
RISEx ARB/USDC	+0.0086%	1h	0.2190	+0.094%	$445K	$2.6M	10x	as long as short
Lighter ARB	+0.0096%	1h	0.2191	+0.114%	$1.2M	$5.5M	15x	as long as short
Aevo ARB-PERP	+0.0096%	1h	0.2192	+0.173%	$139K	$7K	3x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2190	+0.082%	$37.0M	$48.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2191	+0.109%	$631K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2190	+0.062%	$42K	$160K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2192	+0.160%	$19.6M	$14.5M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2182	−0.308%	$39K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2185	−0.171%	$475K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2185	−0.155%	$118K	$283K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2193	+0.210%	$1K	$1.1M	30x	as long as short
SoDEX ARB-USD	+0.0100%	1h	0.2191	+0.133%	$10K	$2.2M	5x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2193	+0.229%	$292K	$892K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2189	+0.028%	$4.9M	$12.7M	50x	as long as short
BloFin ARB-USDT	+0.0193%	8h	0.2189	+0.009%	$3.0M	$2.5M	75x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0277% / S −0.0160%	1h	0.2189	+0.014%	$832K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2190	+0.073%	$502K	$1.6M	50x	as long as short
Reya ARBRUSDPERPlong	+0.0289%	1h	0.2188	long leg	$2K	$695	20x
Backpack ARB_USDC_PERP	+0.0730%	1h	0.2193	+0.229%	$984K	$2.8M	20x	as long as short