Funding arb · Price arb / RWA

COIN

RWAAll COIN markets →

LONGKraken Futures▾Injective −0.0440%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%SunX 0.0000%HTX 0.0000%OKX +0.0027%Lighter +0.0032%Lighter RH +0.0032%Vest Markets +0.0046%AZverse +0.0047%Popdex +0.0048%tradeXYZ +0.0050%Polymarket Perps +0.0050%SoDEX +0.0050%Ondo Perps +0.0050%Bybit +0.0070%BingX +0.0080%Orderly +0.0098%ApeX Omni +0.0100%TxFlow +0.0100%Aevo +0.0104%Phoenix +0.0110%BloFin +0.0120%edgeX +0.0154%Avantis +0.0195%KuCoin +0.0429%Kraken Futures +0.2005%

⇄⇅

SHORTArcus▾KuCoin +0.0429%Avantis −0.0158%edgeX +0.0154%BloFin +0.0120%Phoenix +0.0110%Aevo +0.0104%ApeX Omni +0.0100%TxFlow +0.0100%Orderly +0.0098%BingX +0.0080%Bybit +0.0070%Ondo Perps +0.0050%tradeXYZ +0.0050%Polymarket Perps +0.0050%SoDEX +0.0050%Popdex +0.0048%AZverse +0.0047%Vest Markets +0.0046%Arcus +0.0038%Lighter +0.0032%Lighter RH +0.0032%OKX +0.0027%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%SunX 0.0000%HTX 0.0000%Injective −0.0440%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Kraken FuturesPF_COINXUSD	146.10	+0.2005	pay 0.0251% / 1h	34m 38s	$663K	$1.0M	20x	Long Kraken Futures
SHORT	ArcusCOIN-USD	145.85	+0.0038	get 0.0005% / 1h	34m 38s	$178K	$1.3M	5x	Short Arcus5% off

Price gap−0.168%

Funding gap−0.1968% /8h

Both sides work against this direction now: funding costs $59 a day on $10k and the gap is 0.053% under its 7d average. Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.449% in total, about −0.0214%/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−0.168%

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

Kraken FuturesArcus

COIN on 35 exchanges

lowest funding first

Before you open

2 ok · 4 to watch

• !
  Watch: Thin at this size26.0 / 9.3 bp

  At $10k entering Kraken Futures costs 26.0 bp, fee and slippage, 2.8× Arcus’s.
• i
  Note: Margin at max leverage$500 + $2,000

  Kraken Futures 20x, Arcus 5x. 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 Kraken Futures · 1h−$60.16

  Short Arcus · 1h+$1.14

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

  Next 24h at the current rates, on $10k a leg: −$59.03Long Kraken Futures: 24 payments, −$60.16; short Arcus: 24 payments, +$1.14.
• !
  Watch: Gap narrower than usual−0.168% vs −0.116%

  Less room for the price leg to pay you. If it goes back to average, the short loses.
• !
  Watch: Short leg is thinner$178K vs $663K 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: KYCKraken Futures Yes · Arcus No

  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−0.0214%/8h × 21 periods−$44.91

Price spread−0.168% → −0.116% (7d avg)−$5.29

Slippage, 4 orderslive order books−$43.83

Fee Kraken Futures bp × 2 orders−$10.00

Fee Arcus bp × 2 orders−$4.50

Net · 7 days · $10k−$108.52

Costs to cover0.583%Break-evennever at this rate

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

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGKraken Futures7.5326.0 bp−$2698.5 bp−$985doesn’t fitdoesn’t fit

SELL · SHORTArcus0.349.3 bp−$930.8 bp−$308doesn’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

I'm in

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 ↗