Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0212%/8h= −23.2% APRpaid last 24h +0.025%

Price spread now: Aster against Kraken Futures−0.022%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$670.672% of the position

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.191%+$19 on $10k

Price spread, last 3 days (all we have)−0.536%−$54 · spread now −0.022%, 7d avg −0.057%

Together, before fees−0.345%+ Points / potential airdropAster: Stage 5 · farm board−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.034% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.022% now, against its 7-day average of −0.057%): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 13 hours. Mind the row above: over the last 7 days funding on this pair paid +0.191%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ARBUSD	0.2217	0.0312	pay 0.0039% / 1h	42m 13s	$1.1M	$4.7M	50x
Short	Aster ARBUSDT	0.2217	0.0100	get 0.0100% / 8h	6h 42m	$660K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee AsterbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$44.45
Price spread: −0.022% → −0.057%: $3.44
Slippage, 4 orders: −$49.2
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$108.21
Costs to cover: 0.672%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; Aster: live order book, 1 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, 2 min ago	11.70 bp	23.2 bp −$23	32.4 bp −$324	doesn't fit	doesn't fit
Sell Aster live order book, 1 min ago	4.29 bp	9.5 bp −$10	25.9 bp −$259	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	−0.1692%	1h	0.2210	−0.320%	$40K	$372K	12x	as long as short
ApeX Omni ARBUSDT	−0.0493%	1h	0.2218	+0.041%	$120K	$295K	50x	as long as short
01 Exchange ARBUSD	−0.0224%	1h	0.2214	−0.140%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0195%	1h	0.2216	−0.058%	$10K	$2.5M	5x	as long as short
Variational Omni ARB	−0.0184%	8h	0.2212	−0.230%	$1.9M	$2.9M	—	as long as short
OKX ARB-USDT-SWAP	−0.0109%	8h	0.2217	−0.013%	$22.4M	$157.5M	50x	as long as short
MEXC ARB_USDT	−0.0105%	8h	0.2217	−0.027%	$36.9M	$59.0M	200x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0066%	1h	0.2216	−0.040%	$24K	$34K	25x	as long as short
Bybit ARBUSDT	−0.0057%	8h	0.2217	−0.022%	$57.1M	$129.1M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0055%	8h	0.2215	−0.095%	$12K	$381K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ARB_USDT	−0.0006%	8h	0.2215	−0.077%	$5.4M	$19.7M	60x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2216	−0.049%	$66K	$5K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2216	−0.049%	$31K	—	150x	as long as short
Binance ARBUSDT	+0.0007%	8h	0.2217	−0.027%	$64.8M	$318.2M	75x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2215	−0.095%	$353K	$2.5M	25x	as long as short
BloFin ARB-USDT	+0.0029%	8h	0.2212	−0.252%	$3.1M	$2.9M	75x	as long as short
Lighter ARB	+0.0080%	1h	0.2216	−0.049%	$1.2M	$7.4M	15x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2217	−0.019%	$141K	$7K	3x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2218	+0.032%	$38.2M	$50.5M	10x	as long as short
Aster ARBUSDTshort	+0.0100%	8h	0.2217	−0.022%	$660K	$1.7M	20x
Pacifica ARB	+0.0100%	1h	0.2216	−0.061%	$42K	$189K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2216	−0.036%	$19.6M	$15.9M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2217	−0.004%	$21.2M	$36.3M	50x	as long as short
BingX ARB-USDT	+0.0100%	8h	0.2217	−0.009%	—	$54.6M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2216	−0.072%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2215	−0.110%	$471K	$3.6M	10x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2217	−0.009%	$75K	$2.0M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2214	−0.140%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2218	+0.054%	$296K	$1.0M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2214	−0.140%	$5.0M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0240%	1h	0.2227	+0.447%	$510K	$2.2M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2216	−0.038%	$827K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2215	−0.082%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSDlong	+0.0312%	1h	0.2217	long leg	$1.1M	$4.7M	50x
RISEx ARB/USDC	+0.0466%	1h	0.2216	−0.041%	$455K	$2.6M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0511%	1h	0.2220	+0.144%	$1.0M	$2.9M	20x	as long as short