Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 887.85 | +0.0038 | pay 0.0005% / 1h | 27m 50s | $1.4M | $1.2M | 10x | Long Arcus5% off | |
| SHORT | 888.13 | +0.0249 | get 0.0031% / 1h | 27m 50s | $639K | $140K | 20x | Short Kraken Futures |
Price gap+0.031%
Funding gap+0.0211% /8h
Funding trade: +$6 a day on $10k at the current rate, before costs. The price gap is at its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$53+0.0211% /8h now · paid +0.527% over the last 7D
Price−$1spread +0.031% now, avg +0.040% → −0.009% if it goes back
Costs−$390.388% of $10k · taker + slippage, in and out
Result+$13+0.13%+ 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+0.031%
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
/8hMU on 46 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size3.2 / 15.5 bpAt $10k entering Kraken Futures costs 15.5 bp, fee and slippage, 4.9× Arcus’s.
- Note: Margin at max leverage$1,000 + $500Arcus 10x, Kraken Futures 20x. 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: +$6.34Long Arcus: 24 payments, −$1.14; short Kraken Futures: 24 payments, +$7.48.
- Note: Gap at its usual level+0.031% vs +0.040%The price leg adds little either way.
- Watch: Short leg is thinner$639K vs $1.4M OIKraken Futures sets your exit cost. Check its book before closing.
- OK: Points on a legArcus pointsVolume here counts toward the points program.
- Watch: KYCArcus No · Kraken Futures YesFull 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+0.0251%/8h × 21 periods+$52.71
Price spread+0.031% → +0.040% (7d avg)−$0.85
Slippage, 4 orderslive order books−$24.33
Fee Arcus bp × 2 orders−$4.50
Fee Kraken Futures bp × 2 orders−$10.00
Net · 7 days · $10k+$13.02
Costs to cover0.388%Break-even5.3 days
Slippage: Arcus: live order book, 5 min ago; Kraken Futures: live order book, 45 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGArcus0.063.2 bp−$38.9 bp−$89doesn’t fitdoesn’t fit
SELL · SHORTKraken Futures4.6615.5 bp−$1647.2 bp−$472doesn’t fitdoesn’t fit
Closing costs about the same again.
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