Funding arb · Price arb /

ARC

all ARC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0190%/8h= −20.9% APRpaid last 24h −0.121%

Price spread now: Kraken Futures against Binance−0.281%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.995%+$99 on $10k

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 −$6 a day on $10k at the current rate, and Kraken Futures is 0.281% cheaper against Binance than usual: you would sell low and buy high (−$28 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.995%, 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	Binance ARCUSDT	0.07782	0.0691	pay 0.0345% / 4h	2h 23m	$24.1M	$6.5M	20x
Short	Kraken Futures PF_ARCUSD	0.07761	0.0500	get 0.0063% / 1h	23m 48s	$53K	$84K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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 BinancebpFee Kraken FuturesbpOrdersPrice spread, now −0.281%Rate

Funding earned: −$39.99
Price spread: −0.281% → 0.000%: −$28.13
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$88.12
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 2 min ago; Kraken Futures: 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 Binance live order book, 2 min ago	3.21 bp	39.3 bp −$39	217.2 bp −$2,172	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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.

ARC on 12 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
Lighter ARC	+0.0096%	1h	0.07784	+0.027%	$38K	$6K	3x	as long as short
Gate ARC_USDT	+0.0100%	4h	0.07779	−0.044%	$3.0M	$209K	20x	as long as short
KuCoin ARCUSDTM	+0.0100%	4h	0.07818	+0.452%	$1.3M	$1.7M	20x	as long as short
SunX ARC-USDT	+0.0100%	4h	0.07770	−0.159%	$2K	$1.4M	20x	as long as short
Kraken Futures PF_ARCUSDshort	+0.0500%	1h	0.07761	−0.281%	$53K	$84K	20x
BloFin ARC-USDT	+0.0675%	4h	0.07788	+0.072%	$1.2M	$38K	20x	as long as short
Aster ARCUSDT	+0.0676%	4h	0.07781	−0.021%	$18K	$14K	5x	as long as short
Bybit ARCUSDT	+0.0685%	4h	0.07774	−0.108%	$2.8M	$4.5M	13x	as long as short
Extended ARC-USD	+0.0688%	1h	0.07783	+0.010%	$34K	$199K	5x	as long as short
Binance ARCUSDTlong	+0.0691%	4h	0.07782	long leg	$24.1M	$6.5M	20x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ARC-USDT	+0.0940%	4h	0.07778	−0.057%	—	$1.7M	—	as long as short
Bitget ARCUSDT	+0.0956%	4h	0.07776	−0.082%	$1.7M	$512K	10x	as long as short