ARB

Alert

Funding spread now, next payment 15:00 UTC−0.0276%/8h

next payment, per $10,000−$0.34paid, last 24h0.000%paid, last 7 days+0.181%to open and close $10k−$99

Long on Kraken Futures Short on ApeX Omni

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.181% in total (about 9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.34 per $10,000. 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_ARBUSD	0.2349	0.0369	pay 0.0046% / 1h	25m 28s	$1.3M	$4.9M	50x
Short	ApeX Omni ARBUSDT	0.2354	0.0093	get 0.0012% / 1h	25m 28s	$134K	$274K	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee ApeX OmnibpOrdersRate

Funding earned: −$57.89
Slippage, 4 orders: −$79.06
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$156.95
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; ApeX Omni: live order book, 28 min ago.

Price risk

price view

Price gap now: +0.220%
Avg gap 7d: −0.068%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 5 min ago	23.89 bp	35.8 bp −$36	42.3 bp −$423	573.0 bp −$57.3K	doesn't fit
Sell ApeX Omni live order book, 28 min ago	8.48 bp	17.6 bp −$18	126.7 bp −$1,267	doesn't fit	doesn't fit

ARB on 34 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective ARB/USDC PERP	−0.1516%	1h	$60K	$248K	12x	as long as short
RISEx ARB/USDC	−0.0049%	1h	$382K	$3.3M	10x	as long as short
Orderly PERP_ARB_USDC	−0.0036%	8h	$12K	$310K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0006%	1h	$39K	$19K	25x	as long as short
dYdX ARB-USD	0.0000%	1h	$71K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0004%	1h	$56K	—	150x	as long as short
MEXC ARB_USDT	+0.0013%	8h	$35.9M	$59.5M	200x	as long as short
OKX ARB-USDT-SWAP	+0.0015%	8h	$24.6M	$190.4M	50x	as long as short
ApeX Omni ARBUSDTshort	+0.0093%	1h	$134K	$274K	50x
Aster ARBUSDT	+0.0100%	8h	$709K	$2.2M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica ARB	+0.0100%	1h	$49K	$249K	10x	as long as short
Binance ARBUSDT	+0.0100%	8h	$67.6M	$329.0M	75x	as long as short
Bybit ARBUSDT	+0.0100%	8h	$59.5M	$132.9M	50x	as long as short
Gate ARB_USDT	+0.0100%	8h	$6.0M	$20.4M	60x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	$20.0M	$19.5M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	$21.7M	$39.4M	50x	as long as short
BingX ARB-USDT	+0.0100%	8h	—	$54.0M	—	as long as short
Variational Omni ARB	+0.0100%	8h	$2.0M	$3.3M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	$41K	$460K	20x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	$63K	$2.7M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	$2K	$1.1M	30x	as long as short
SoDEX ARB-USD	+0.0100%	1h	$4K	$2.9M	5x	as long as short
HTX ARB-USDT	+0.0100%	8h	$288K	$1.3M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	$5.8M	$15.1M	50x	as long as short
Extended ARB-USD	+0.0104%	1h	$379K	$2.4M	25x	as long as short
Aevo ARB-PERP	+0.0104%	1h	$157K	$9K	3x	as long as short
Lighter ARB	+0.0152%	1h	$1.8M	$7.2M	15x	as long as short
BloFin ARB-USDT	+0.0220%	8h	$3.3M	$3.4M	75x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0253% / S −0.0160%	1h	$754K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0292%	1h	$3K	—	20x	as long as short
Kraken Futures PF_ARBUSDlong	+0.0369%	1h	$1.3M	$4.9M	50x
Hyperliquid ARB	+0.0502%	1h	$44.0M	$49.4M	10x	as long as short
Coinbase International ARB-PERP-INTX	+0.0520%	1h	$564K	$2.5M	50x	as long as short
Backpack ARB_USDC_PERP	+0.0800%	1h	$965K	$2.9M	20x	as long as short