Funding you earn now, next payment 01:00 UTC−0.0122%/8h= −13.3% APRnext payment −$0.15 per $10,000 · paid last 24h +0.030%
Price spread now: Kraken Futures against Deribit+0.049%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Kraken Futures is 0.049% dearer against Deribit than usual: you sell high and buy low (spread +0.049% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 32 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ARB_USDC-PERPETUAL | 0.2245 | −0.0017 | get 0.0002% / 1h | 50m 25s | $25K | $34K | 25x |
| Short | Kraken Futures PF_ARBUSD | 0.2246 | −0.0139 | pay 0.0017% / 1h | 50m 25s | $1.1M | $4.9M | 50x |
Deribit ARB_USDC-PERPETUAL
Kraken Futures PF_ARBUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Deribit. 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
- −$25.52
- Price spread: +0.049% → 0.000%
- $4.88
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$37.64
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Kraken Futures: live order book, 3 min ago. Net counts fees only.
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 Deribit no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 3 min ago | 8.44 bp | 20.1 bp −$20 | 28.7 bp −$287 | 543.8 bp −$54.4K | doesn't fit |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.1666% | 1h | 0.2235 | −0.441% | $40K | $372K | 12x | as long as short |
| Bybit ARBUSDT | −0.0395% | 8h | 0.2241 | −0.151% | $57.9M | $127.4M | 50x | as long as short |
| Variational Omni ARB | −0.0211% | 8h | 0.2243 | −0.107% | $1.9M | $2.8M | — | as long as short |
| 01 Exchange ARBUSD | −0.0168% | 1h | 0.2242 | −0.125% | $7K | $2K | 10x | as long as short |
| Kraken Futures PF_ARBUSDshort | −0.0139% | 1h | 0.2246 | +0.049% | $1.1M | $4.9M | 50x | |
| OKX ARB-USDT-SWAP | −0.0119% | 8h | 0.2241 | −0.160% | $22.5M | $157.1M | 50x | as long as short |
| MEXC ARB_USDT | −0.0118% | 8h | 0.2240 | −0.209% | $38.2M | $58.9M | 200x | as long as short |
| SoDEX ARB-USD | −0.0074% | 1h | 0.2244 | −0.031% | $4K | $2.6M | 5x | as long as short |
| Orderly PERP_ARB_USDC | −0.0041% | 8h | 0.2244 | −0.040% | $13K | $387K | 10x | as long as short |
| Gate ARB_USDT | −0.0036% | 8h | 0.2241 | −0.151% | $5.4M | $19.7M | 60x | as long as short |
Injective ARB/USDC PERP
Bybit ARBUSDT
Variational Omni ARB
01 Exchange ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
Orderly PERP_ARB_USDC
Gate ARB_USDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUALlong | −0.0017% | 1h | 0.2245 | long leg | $25K | $34K | 25x | |
| ApeX Omni ARBUSDT | −0.0017% | 1h | 0.2248 | +0.138% | $121K | $295K | 50x | as long as short |
| Extended ARB-USD | −0.0016% | 1h | 0.2241 | −0.182% | $357K | $2.4M | 25x | as long as short |
| Binance ARBUSDT | −0.0013% | 8h | 0.2242 | −0.116% | $66.0M | $312.4M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2243 | −0.101% | $66K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2246 | +0.030% | $55K | — | 150x | as long as short |
| Polymarket Perps ARB-USD | +0.0020% | 1h | 0.2242 | −0.120% | $66K | $2.0M | 10x | as long as short |
| Bitget ARBUSDT | +0.0047% | 8h | 0.2242 | −0.129% | $21.2M | $36.0M | 50x | as long as short |
| BingX ARB-USDC | +0.0047% | 8h | 0.2239 | −0.249% | — | $6.5M | — | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2246 | +0.035% | $142K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2243 | −0.076% | $1.4M | $7.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2244 | −0.040% | $40.5M | $47.5M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2243 | −0.070% | $697K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2242 | −0.121% | $47K | $183K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2241 | −0.169% | $19.5M | $16.0M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2248 | +0.144% | $40K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2248 | +0.136% | $483K | $3.6M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2247 | +0.094% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2250 | +0.227% | $292K | $1.0M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2245 | +0.004% | $5.1M | $13.0M | 50x | as long as short |
| BloFin ARB-USDT | +0.0107% | 8h | 0.2243 | −0.094% | $3.1M | $2.7M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0232% | 1h | 0.2248 | +0.129% | $507K | $2.2M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2241 | −0.171% | $2K | $695 | 20x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0297% / S −0.0186% | 1h | 0.2245 | +0.016% | $918K | — | 150x | as long as short |
| Backpack ARB_USDC_PERP | +0.0355% | 1h | 0.2245 | +0.018% | $1.0M | $2.8M | 20x | as long as short |
| RISEx ARB/USDC | +0.0384% | 1h | 0.2244 | −0.029% | $500K | $2.7M | 10x | as long as short |
ApeX Omni ARBUSDT
Extended ARB-USD
Binance ARBUSDT
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Polymarket Perps ARB-USD
Bitget ARBUSDT
BingX ARB-USDC
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
GMX ARB/USD [ARB-USDC]
Backpack ARB_USDC_PERP
RISEx ARB/USDC