Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 379.65 | +0.1391 | pay 0.0174% / 1h | 53m 10s | $1.2M | $424K | 20x | Long Kraken Futures | |
| SHORT | 379.65 | +0.0387 | get 0.0048% / 1h | 53m 10s | $1.7M | $12.7M | 25x | Short Arcus5% off |
Price gap−0.001%
Funding gap−0.1004% /8h
The gap pays +$2 on $10k if it goes back to its 7d average, but funding costs $30 a day and eats that in about 2 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$263−0.1004% /8h now · paid −2.634% over the last 7D
Price+$2spread −0.001% now, avg −0.022% → +0.021% if it goes back
Costs−$540.538% of $10k · taker + slippage, in and out
Result−$315−3.15%+ Points / potential airdropArcus: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.001%
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
/8hGLD on 6 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- Watch: Thin at this size39.6 / 2.8 bpAt $10k entering Kraken Futures costs 39.6 bp, fee and slippage, 14.4× Arcus’s.
- Note: Margin at max leverage$500 + $400Kraken Futures 20x, Arcus 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$30.12Long Kraken Futures: 24 payments, −$41.74; short Arcus: 24 payments, +$11.61.
- OK: Entry gap works for you−0.001% vs −0.022%You short the dearer leg. If the gap goes back to average, the short gains.
- Note: Long leg is thinner$1.2M vs $1.7M OIBoth legs are deep; Kraken Futures is the smaller one.
- OK: Points on a legArcus pointsVolume here counts toward the points program.
- Watch: KYCKraken Futures Yes · Arcus NoFull 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 outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.1255%/8h × 21 periods−$263.45
Price spread−0.001% → −0.022% (7d avg)+$2.08
Slippage, 4 orderslive order books−$39.26
Fee Kraken Futures bp × 2 orders−$10.00
Fee Arcus bp × 2 orders−$4.50
Net · 7 days · $10k−$315.12
Costs to cover0.538%Break-evennever at this rate
Slippage: Kraken Futures: live order book, 1 min ago; Arcus: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKraken Futures3.9539.6 bp−$40195.2 bp−$1,952doesn’t fitdoesn’t fit
SELL · SHORTArcus0.132.8 bp−$35.2 bp−$5217.8 bp−$1,781doesn’t fit
Closing costs about the same again.
| 09-23 15:00 | Vest Markets | Other | $SLV is down around 3.5% on today's session, with precious metals broadly lower and the dollar near a two-month high. The 10-year yield is near 4.98%, with Fed officials reaffirming last week's rate hike, the first since 2023. $GLD is down around 1.6% on the session, with the pullback taking silver back below the multi-year highs it held earlier this week. @VestExchange on X ↗ |
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