Funding arb · Price arb / RWA

COIN

RWAAll COIN markets →

LONGArcus▾Injective −0.0440%edgeX −0.0041%Aster 0.0000%Extended 0.0000%Binance 0.0000%QFEX 0.0000%Gate 0.0000%MEXC 0.0000%Bitget 0.0000%Variational Omni 0.0000%GRVT 0.0000%Phoenix 0.0000%SunX 0.0000%HTX 0.0000%Lighter +0.0032%Lighter RH +0.0032%Arcus +0.0038%Vest Markets +0.0046%Popdex +0.0048%Polymarket Perps +0.0050%Avantis +0.0068%OKX +0.0089%Orderly +0.0098%ApeX Omni +0.0100%TxFlow +0.0100%Aevo +0.0104%BloFin +0.0120%AZverse +0.0124%BingX +0.0130%Bybit +0.0158%Ondo Perps +0.0163%tradeXYZ +0.0172%SoDEX +0.0272%KuCoin +0.0423%

⇄⇅

SHORTKraken Futures▾Kraken Futures +0.1501%KuCoin +0.0423%SoDEX +0.0272%tradeXYZ +0.0172%Ondo Perps +0.0163%Bybit +0.0158%BingX +0.0130%AZverse +0.0124%BloFin +0.0120%Aevo +0.0104%ApeX Omni +0.0100%TxFlow +0.0100%Orderly +0.0098%OKX +0.0089%Polymarket Perps +0.0050%Popdex +0.0048%Vest Markets +0.0046%Lighter +0.0032%Lighter RH +0.0032%Avantis −0.0032%Aster 0.0000%Extended 0.0000%Binance 0.0000%QFEX 0.0000%Gate 0.0000%MEXC 0.0000%Bitget 0.0000%Variational Omni 0.0000%GRVT 0.0000%Phoenix 0.0000%SunX 0.0000%HTX 0.0000%edgeX −0.0041%Injective −0.0440%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	ArcusCOIN-USD	145.92	+0.0038	pay 0.0005% / 1h	29m 37s	$180K	$1.4M	5x	Long Arcus5% off
SHORT	Kraken FuturesPF_COINXUSD	146.21	+0.1501	get 0.0188% / 1h	29m 37s	$664K	$1.0M	20x	Short Kraken Futures

Price gap+0.196%

Funding gap+0.1463% /8h

Both sides work: funding pays +$44 a day on $10k, and the gap is 0.080% above its 7d average: +$8 more if it goes back.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.430% in total, about +0.0205%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.196%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

ArcusKraken Futures

COIN on 35 exchanges

lowest funding first

Before you open

4 ok · 2 to watch

• ✓
  OK: Fits both order books5.6 / 14.9 bp

  Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
• i
  Note: Margin at max leverage$2,000 + $500

  Arcus 5x, Kraken Futures 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long Arcus · 1h−$1.14

  Short Kraken Futures · 1h+$45.03

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: +$43.90Long Arcus: 24 payments, −$1.14; short Kraken Futures: 24 payments, +$45.03.
• ✓
  OK: Entry gap works for you+0.196% vs +0.115%

  You short the dearer leg. If the gap goes back to average, the short gains.
• !
  Watch: Long leg is thinner$180K vs $664K OI

  Arcus sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legArcus points

  Volume here counts toward the points program.
• !
  Watch: KYCArcus No · Kraken Futures Yes

  Full verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0205%/8h × 21 periods+$43.04

Price spread+0.196% → +0.115% (7d avg)+$8.04

Slippage, 4 orderslive order books−$36.33

Fee Arcus bp × 2 orders−$4.50

Fee Kraken Futures bp × 2 orders−$10.00

Net · 7 days · $10k+$0.25

Costs to cover0.508%Break-even7.0 days

Slippage: Arcus: live order book, 2 min ago; Kraken Futures: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGArcus0.345.6 bp−$640.3 bp−$403doesn’t fitdoesn’t fit

SELL · SHORTKraken Futures6.1614.9 bp−$1576.0 bp−$760doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

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COIN news

posts that mention COIN or Coinbase Global, from every exchangeSearch all news →

10-29 20:33	Variational Omni	Other	$COIN Earnings Call @variational_io on X ↗
10-29 14:50	Phoenix	Other	Five Phoenix-listed equities report after the close today. $SNDK 4:30pm ET. $AMZN, $INTC, $MSTR and $COIN 5:00pm ET. Trade them 24/7 on Phoenix. @PhoenixTrade on X ↗
10-29 10:00	MEXC	Other	Three earnings. Which one gets the green candle? 👀 ☁️ $AMZN: AWS growth vs. spending 💾 $SNDK: NAND pricing power 🪙 $COIN: Trading revenue recovery All report after the U.S. close today. Your pick? 👇 #MEXC @MEXC on X ↗
10-27 15:08	tradeXYZ	Other	Earnings this week on TradeXYZ: Tue 10/27: Robinhood (HOOD), SK hynix (SKHX, SKHY) Wed 10/28: Microsoft (MSFT), Alphabet (GOOGL), ServiceNow (NOW), GE Vernova (GEV), United Microelectronic Corp (UMC), eBay (EBAY) Thu 10/29: Eli Lilly (LLY), Samsung (SAMSUNG), Amazon (AMZN), Intel (INTC), Sandisk (SNDK), Coinbase (COIN), Strategy (MSTR), Reddit (RDDT), Rivian (RIVN) Fri 10/30: Chevron (CVX), Kioxia (KIOXIA) @tradexyz on X ↗
10-27 13:21	Ondo Perps	Other	Eligible perps markets for the Liquidity Pool: ▸ Stocks: NVDA, TSLA, META, AMD, INTC, MU, SNDK, COIN, MSTR, CRCL, SPCX ▸ Indices: US 500, US 100 ▸ ETFs: DRAM, SOXL ▸ Commodities: Gold, Silver, WTI ▸ Crypto: BTC, ETH Rewards are paid in USDC directly to your trading account within 48 hours of each week’s close. Trade Now → @OndoPerps on X ↗
10-26 22:17	Polymarket Perps	Other	One of the biggest earnings weeks of the season is here. Tue Oct 27 • SKHY • SKHYNIX • HOOD Wed Oct 28 • SAMSUNG • MSFT • GOOGL Thu Oct 29 • AMZN • INTC • SNDK • MSTR • STRC • COIN Trade every report on Polymarket Perps👇 @Poly_Perps on X ↗