Funding you earn now, next payment 21:00 UTC+0.2280%/8h= +249.6% APRpaid last 24h +0.338%
Price spread now: BloFin against Kraken Futures+0.064%7-day average −0.128% · you sell dearer than you buy
Net, funding: paid 7d − costs+$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1221.219% of the position
Funding, last 7 days+1.535%+$154 on $10k
+Price spread, last 3 days (all we have)+1.719%+$172 · spread now +0.064%, 7d avg −0.128%
=Both sides work for this trade now. Funding pays +$68 a day on $10k at the current rate, and BloFin is 0.192% dearer against Kraken Futures than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.128%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.535% in total (about 80.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ARUSD | 4.5171 | −0.2060 | get 0.0257% / 1h | 30m 38s | $46K | $155K | 20x |
| Short | BloFin AR-USDT | 4.5200 | 0.0220 | get 0.0220% / 8h | 3h 30m | $422K | $682K | 20x |
Kraken Futures PF_ARUSD
BloFin AR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $478.74
- Price spread: +0.064% → −0.128%
- $19.21
- Slippage, 4 orders
- −$99.94
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $376.01
- Costs to cover
- 1.219%
- Break-even
- 1.5 days
Slippage from Kraken Futures: live order book, 17 min ago; BloFin: live order book, 16 min ago.
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 Kraken Futures live order book, 17 min ago | 29.03 bp | 47.3 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 16 min ago | 4.46 bp | 18.6 bp −$19 | 41.4 bp −$414 | doesn't fit | doesn't fit |
AR on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ARUSDlong | −0.2060% | 1h | 4.5171 | long leg | $46K | $155K | 20x | |
| GMX AR/USD [WBTC.b-USDC] | L −0.0140% / S +0.0551% | 1h | 4.5193 | +0.047% | $580K | — | 50x | as long as short |
| Injective AR/USDC PERP | +0.0033% | 1h | 4.5720 | +1.215% | $3K | $376 | 5.5x | as long as short |
| ApeX Omni ARUSDT | +0.0083% | 1h | 4.5120 | −0.113% | $58K | $746K | 50x | as long as short |
| Hyperliquid AR | +0.0100% | 1h | 4.5281 | +0.243% | $3.8M | $5.2M | 5x | as long as short |
| Aster ARUSDT | +0.0100% | 8h | 4.5217 | +0.101% | $20K | $639K | 10x | as long as short |
| Binance ARUSDT | +0.0100% | 8h | 4.5200 | +0.064% | $8.8M | $57.9M | 75x | as long as short |
| Bybit ARUSDT | +0.0100% | 8h | 4.5182 | +0.024% | $4.6M | $9.2M | 75x | as long as short |
| OKX AR-USDT-SWAP | +0.0100% | 8h | 4.5170 | −0.003% | $2.3M | $21.4M | 20x | as long as short |
| Gate AR_USDT | +0.0100% | 8h | 4.5190 | +0.042% | $2.6M | $2.4M | 50x | as long as short |
GMX AR/USD [WBTC.b-USDC]
Injective AR/USDC PERP
ApeX Omni ARUSDT
Hyperliquid AR
Aster ARUSDT
Binance ARUSDT
Bybit ARUSDT
OKX AR-USDT-SWAP
Gate AR_USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC AR_USDT | +0.0100% | 8h | 4.5200 | +0.064% | $6.8M | $5.0M | 100x | as long as short |
| KuCoin ARUSDTM | +0.0100% | 8h | 4.5210 | +0.086% | $1.4M | $1.2M | 50x | as long as short |
| Bitget ARUSDT | +0.0100% | 8h | 4.5180 | +0.019% | $3.8M | $5.7M | 75x | as long as short |
| BingX AR-USDT | +0.0100% | 8h | 4.5200 | +0.064% | — | $2.9M | — | as long as short |
| Variational Omni AR | +0.0100% | 8h | 4.4956 | −0.477% | $137K | $174K | — | as long as short |
| Extended AR-USD | +0.0104% | 1h | 4.5193 | +0.048% | $37K | $237K | 10x | as long as short |
| BloFin AR-USDTshort | +0.0220% | 8h | 4.5200 | +0.064% | $422K | $682K | 20x |
MEXC AR_USDT
KuCoin ARUSDTM
Bitget ARUSDT
BingX AR-USDT
Variational Omni AR
Extended AR-USD