Funding you earn now, next payment 07:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h −0.007%
Price spread now: Kraken Futures against BingX+0.112%53s7-day average +0.094% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$470.466% of the position
Funding, last 7 days−0.130%−$13 on $10k
+Price spread, last 4 days (all we have)+0.379%+$38 · spread now +0.112%, 7d avg +0.094%
=The price spread sits at its 7-day average of +0.094%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.130%, so the current rate has only just turned in your favour. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ARB-USDT | 0.2205 | 0.0083 | pay 0.0083% / 8h | 1h 30m | — | $53.1M | — |
| Short | Kraken Futures PF_ARBUSD | 0.2207 | 0.0231 | get 0.0029% / 1h | 30m 18s | $1.1M | $4.5M | 50x |
BingX ARB-USDT
Kraken Futures PF_ARBUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- $31.05
- Price spread: +0.112% → +0.094%
- $1.86
- Slippage, 4 orders
- −$26.62
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$13.72
- Costs to cover
- 0.466%
- Break-even
- 10.1 days
Slippage from BingX: live order book, 4 min ago; Kraken Futures: live order book, 4 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 BingX live order book, 4 min ago | 0.91 bp | 6.9 bp −$7 | 8.4 bp −$84 | 16.4 bp −$1,643 | 61.0 bp −$30.5K |
| Sell Kraken Futures live order book, 4 min ago | 9.30 bp | 15.4 bp −$15 | 20.0 bp −$200 | 531.9 bp −$53.2K | doesn't fit |
ARB on 36 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ARB/USDC PERP | −0.1592% | 1h | 0.2191 | −0.630% | $40K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0216% | 1h | 0.2204 | −0.032% | $67K | $2.1M | 10x | as long as short |
| SoDEX ARB-USD | −0.0106% | 1h | 0.2205 | +0.014% | $9K | $2.2M | 5x | as long as short |
| 01 Exchange ARBUSD | −0.0104% | 1h | 0.2203 | −0.077% | $7K | $236 | 10x | as long as short |
| MEXC ARB_USDT | −0.0082% | 8h | 0.2204 | −0.023% | $41.7M | $61.8M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0080% | 8h | 0.2205 | +0.023% | $22.1M | $146.0M | 50x | as long as short |
| Variational Omni ARB | −0.0056% | 8h | 0.2205 | +0.003% | $1.8M | $3.0M | — | as long as short |
| Orderly PERP_ARB_USDC | −0.0042% | 8h | 0.2205 | +0.005% | $12K | $406K | 10x | as long as short |
| Bybit ARBUSDT | −0.0016% | 8h | 0.2205 | +0.027% | $54.2M | $126.5M | 50x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2206 | +0.042% | $65K | $5K | 10x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
SoDEX ARB-USD
01 Exchange ARBUSD
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Variational Omni ARB
Orderly PERP_ARB_USDC
Bybit ARBUSDT
dYdX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2206 | +0.045% | $28K | $38K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2206 | +0.054% | $44K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0038% | 8h | 0.2205 | +0.027% | $5.4M | $18.4M | 60x | as long as short |
| RISEx ARB/USDC | +0.0056% | 1h | 0.2205 | −0.013% | $475K | $2.6M | 10x | as long as short |
| Bitget ARBUSDT | +0.0060% | 8h | 0.2204 | −0.041% | $21.2M | $34.8M | 50x | as long as short |
| Binance ARBUSDT | +0.0077% | 8h | 0.2205 | +0.027% | $62.9M | $301.8M | 75x | as long as short |
| Extended ARB-USD | +0.0080% | 1h | 0.2203 | −0.085% | $352K | $2.8M | 25x | as long as short |
| BingX ARB-USDTlong | +0.0083% | 8h | 0.2205 | long leg | — | $53.1M | — | |
| Lighter ARB | +0.0096% | 1h | 0.2205 | +0.005% | $1.2M | $5.5M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2206 | +0.050% | $37.2M | $49.5M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2207 | +0.077% | $633K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2205 | +0.009% | $43K | $149K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2205 | −0.005% | $19.6M | $14.3M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2202 | −0.129% | $39K | $464K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2204 | −0.041% | $479K | $3.7M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2204 | −0.041% | $119K | $281K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2207 | +0.095% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2205 | +0.005% | $295K | $867K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2205 | +0.005% | $4.9M | $12.9M | 50x | as long as short |
| Aevo ARB-PERP | +0.0104% | 1h | 0.2207 | +0.081% | $140K | $7K | 3x | as long as short |
| BloFin ARB-USDT | +0.0197% | 8h | 0.2205 | +0.023% | $3.1M | $2.3M | 75x | as long as short |
| Kraken Futures PF_ARBUSDshort | +0.0231% | 1h | 0.2207 | +0.112% | $1.1M | $4.5M | 50x | |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2206 | +0.065% | $833K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2208 | +0.154% | $526K | $1.6M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2204 | −0.037% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0618% | 1h | 0.2210 | +0.209% | $992K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
RISEx ARB/USDC
Bitget ARBUSDT
Binance ARBUSDT
Extended ARB-USD
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Aevo ARB-PERP
BloFin ARB-USDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP