ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0091%/8h= −10.0% APRnext payment −$0.11 per $10,000 · paid last 24h +0.033%

Price spread now: Kraken Futures against SoDEX+0.041%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$480.483% of the position

Long on SoDEX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.079%+$8 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.041%, 7d avg +0.070%

Together, before fees+0.037%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kraken Futures is 0.029% cheaper against SoDEX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.070%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.079%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ARB-USD	0.2170	−0.0141	get 0.0018% / 1h	28m 21s	$9K	$2.2M	5x
Short	Kraken Futures PF_ARBUSD	0.2170	−0.0232	pay 0.0029% / 1h	28m 21s	$1.1M	$3.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against SoDEX. 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 SoDEXbpFee Kraken FuturesbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$19.18
Price spread: +0.041% → +0.070%: −$2.87
Slippage, 4 orders: −$30.28
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$70.33
Costs to cover: 0.483%
Break-even: never at this rate

Slippage from SoDEX: live order book, 4 min ago; Kraken Futures: 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 SoDEX live order book, 4 min ago	0.23 bp	5.7 bp −$6	19.1 bp −$191	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	10.14 bp	17.2 bp −$17	29.5 bp −$295	480.4 bp −$48.0K	doesn't fit

ARB on 36 exchanges

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	−0.1736%	1h	0.2160	−0.438%	$39K	$372K	12x	as long as short
Bybit ARBUSDT	−0.0238%	8h	0.2168	−0.069%	$53.5M	$120.8M	50x	as long as short
Kraken Futures PF_ARBUSDshort	−0.0232%	1h	0.2170	+0.041%	$1.1M	$3.9M	50x
01 Exchange ARBUSD	−0.0176%	1h	0.2170	0.000%	$7K	$414	10x	as long as short
MEXC ARB_USDT	−0.0154%	8h	0.2169	−0.009%	$44.4M	$61.6M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0154%	8h	0.2169	−0.028%	$22.6M	$139.5M	50x	as long as short
Polymarket Perps ARB-USD	−0.0147%	1h	0.2169	−0.032%	$70K	$1.9M	10x	as long as short
SoDEX ARB-USDlong	−0.0141%	1h	0.2170	long leg	$9K	$2.2M	5x
Variational Omni ARB	−0.0061%	8h	0.2167	−0.109%	$1.8M	$2.6M	—	as long as short
Binance ARBUSDT	−0.0051%	8h	0.2170	+0.006%	$63.9M	$285.6M	75x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ARB-USD	−0.0048%	1h	0.2169	−0.041%	$360K	$3.0M	25x	as long as short
Orderly PERP_ARB_USDC	−0.0015%	8h	0.2169	−0.023%	$16K	$400K	10x	as long as short
Gate ARB_USDT	−0.0008%	8h	0.2169	−0.023%	$5.5M	$16.5M	60x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2168	−0.053%	$63K	$3K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2170	+0.014%	$29K	$36K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2170	+0.019%	$72K	—	150x	as long as short
Phemex ARBUSDT	+0.0058%	8h	0.2169	−0.023%	$4.6M	$12.5M	50x	as long as short
BloFin ARB-USDT	+0.0070%	8h	0.2167	−0.115%	$3.0M	$2.0M	75x	as long as short
Aevo ARB-PERP	+0.0072%	1h	0.2170	+0.025%	$138K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2169	−0.037%	$1.3M	$5.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2171	+0.065%	$35.4M	$49.2M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2171	+0.070%	$621K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2169	−0.001%	$54K	$155K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2171	+0.055%	$18.9M	$13.2M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2170	+0.023%	$20.8M	$33.1M	50x	as long as short
BingX ARB-USDT	+0.0100%	8h	0.2169	−0.032%	—	$31.3M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2168	−0.071%	$39K	$467K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2168	−0.060%	$461K	$3.3M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2168	−0.069%	$117K	$309K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2171	+0.069%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2169	−0.023%	$293K	$794K	50x	as long as short
Backpack ARB_USDC_PERP	+0.0153%	1h	0.2170	+0.028%	$967K	$2.7M	20x	as long as short
RISEx ARB/USDC	+0.0271%	1h	0.2171	+0.071%	$544K	$2.4M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0283% / S −0.0167%	1h	0.2169	−0.019%	$841K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2168	−0.063%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0424%	1h	0.2171	+0.069%	$517K	$1.4M	50x	as long as short