Funding you earn now, next payment 06:00 UTC+0.0177%/8h= +19.4% APRnext payment +$0.22 per $10,000 · paid last 24h +0.010%
Price spread now: Aevo against Kraken Futures−0.069%55s7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$127as 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−$1431.427% of the position
Funding, last 7 days+0.161%+$16 on $10k
+Price spread, last 4 days (all we have)+0.129%+$13 · spread now −0.069%, 7d avg −0.009%
=Funding pays, the price is against you. Aevo is 0.060% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of −0.009%). If the spread goes back, that is −$6 on $10k: about 27 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.161% in total) that is about 2.6 days. The two prices were read 55 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 | Kraken Futures PF_ARBUSD | 0.2226 | −0.0073 | get 0.0009% / 1h | 1m 18s | $1.1M | $4.5M | 50x |
| Short | Aevo ARB-PERP | 0.2225 | 0.0104 | get 0.0013% / 1h | 1m 18s | $141K | $7K | 3x |
Kraken Futures PF_ARBUSD
Aevo ARB-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo 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
- $37.19
- Price spread: −0.069% → −0.009%
- −$6.02
- Slippage, 4 orders
- −$116.71
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$111.54
- Costs to cover
- 1.427%
- Break-even
- 28.0 days
Slippage from Kraken Futures: live order book, 3 min ago; Aevo: live order book, 43 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, 3 min ago | 11.02 bp | 16.0 bp −$16 | 23.7 bp −$237 | doesn't fit | doesn't fit |
| Sell Aevo live order book, 43 min ago | 25.20 bp | 50.9 bp −$51 | doesn't fit | doesn't fit | 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 | −0.1581% | 1h | 0.2217 | −0.410% | $40K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0128% | 1h | 0.2226 | −0.001% | $7K | $236 | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0100% | 1h | 0.2225 | −0.073% | $76K | $2.1M | 10x | as long as short |
| Variational Omni ARB | −0.0083% | 8h | 0.2224 | −0.097% | $1.8M | $3.0M | — | as long as short |
| Kraken Futures PF_ARBUSDlong | −0.0073% | 1h | 0.2226 | long leg | $1.1M | $4.5M | 50x | |
| OKX ARB-USDT-SWAP | −0.0063% | 8h | 0.2224 | −0.105% | $22.2M | $147.2M | 50x | as long as short |
| MEXC ARB_USDT | −0.0062% | 8h | 0.2223 | −0.136% | $41.7M | $62.1M | 200x | as long as short |
| Bybit ARBUSDT | −0.0045% | 8h | 0.2223 | −0.118% | $54.7M | $126.3M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0044% | 8h | 0.2224 | −0.096% | $12K | $405K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0020% | 1h | 0.2225 | −0.033% | $28K | $38K | 25x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Polymarket Perps ARB-USD
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Bybit ARBUSDT
Orderly PERP_ARB_USDC
Deribit ARB_USDC-PERPETUALShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2228 | +0.069% | $66K | $5K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2225 | −0.068% | $44K | — | 150x | as long as short |
| Bitget ARBUSDT | +0.0056% | 8h | 0.2225 | −0.051% | $21.3M | $34.8M | 50x | as long as short |
| Gate ARB_USDT | +0.0071% | 8h | 0.2224 | −0.082% | $5.5M | $18.4M | 60x | as long as short |
| RISEx ARB/USDC | +0.0086% | 1h | 0.2227 | +0.017% | $484K | $2.6M | 10x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2227 | +0.053% | $1.3M | $5.5M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2226 | +0.017% | $37.7M | $49.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2226 | −0.010% | $639K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2227 | +0.048% | $43K | $150K | 10x | as long as short |
| Binance ARBUSDT | +0.0100% | 8h | 0.2224 | −0.083% | $63.5M | $301.3M | 75x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2225 | −0.064% | $19.8M | $14.4M | 75x | as long as short |
| BingX ARB-USDC | +0.0100% | 8h | 0.2226 | +0.017% | — | $6.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2222 | −0.204% | $39K | $464K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2223 | −0.141% | $477K | $3.7M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2222 | −0.186% | $120K | $281K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2225 | −0.051% | $2K | $1.1M | 30x | as long as short |
| SoDEX ARB-USD | +0.0100% | 1h | 0.2225 | −0.073% | $9K | $2.2M | 5x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2227 | +0.035% | $297K | $884K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2228 | +0.084% | $5.0M | $12.8M | 50x | as long as short |
| Extended ARB-USD | +0.0104% | 1h | 0.2226 | −0.021% | $354K | $2.8M | 25x | as long as short |
| Aevo ARB-PERPshort | +0.0104% | 1h | 0.2225 | −0.069% | $141K | $7K | 3x | |
| BloFin ARB-USDT | +0.0220% | 8h | 0.2221 | −0.217% | $3.0M | $2.4M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0277% / S −0.0159% | 1h | 0.2224 | −0.108% | $843K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2230 | +0.174% | $517K | $1.6M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2225 | −0.071% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0737% | 1h | 0.2232 | +0.255% | $1.0M | $2.8M | 20x | as long as short |
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Bitget ARBUSDT
Gate ARB_USDT
RISEx ARB/USDC
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
Binance ARBUSDT
KuCoin ARBUSDTM
BingX ARB-USDC
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
SoDEX ARB-USD
HTX ARB-USDT
Phemex ARBUSDT
Extended ARB-USD
BloFin ARB-USDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP