Funding you earn now, next payment 06:00 UTC+0.0177%/8h= +19.4% APRnext payment +$0.22 per $10,000 · paid last 24h −0.006%
Price spread now: Extended against Kraken Futures−0.124%7-day average −0.164% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$570.573% of the position
Funding, last 7 days+0.048%+$5 on $10k
+Price spread, last 4 days (all we have)−0.597%−$60 · spread now −0.124%, 7d avg −0.164%
=Together, before fees−0.548%+ Points / potential airdropExtended: Active · farm board−$55 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Extended is 0.040% dearer against Kraken Futures than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.164%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ARBUSD | 0.2225 | −0.0073 | get 0.0009% / 1h | 6m 25s | $1.1M | $4.5M | 50x |
| Short | Extended ARB-USD | 0.2222 | 0.0104 | get 0.0013% / 1h | 6m 25s | $352K | $2.8M | 25x |
Kraken Futures PF_ARBUSD
Extended ARB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $37.2
- Price spread: −0.124% → −0.164%
- $4
- Slippage, 4 orders
- −$42.31
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$16.11
- Costs to cover
- 0.573%
- Break-even
- 10.0 days
Slippage from Kraken Futures: live order book, 2 min ago; Extended: live order book, 2 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 | 8.58 bp | 14.0 bp −$14 | 21.7 bp −$217 | doesn't fit | doesn't fit |
| Sell Extended live order book, 2 min ago | 9.05 bp | 11.6 bp −$12 | 72.1 bp −$721 | 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 | 0.2207 | −0.813% | $40K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0136% | 1h | 0.2222 | −0.134% | $7K | $236 | 10x | as long as short |
| Variational Omni ARB | −0.0090% | 8h | 0.2206 | −0.873% | $1.8M | $3.0M | — | as long as short |
| Polymarket Perps ARB-USD | −0.0085% | 1h | 0.2220 | −0.233% | $76K | $2.1M | 10x | as long as short |
| Kraken Futures PF_ARBUSDlong | −0.0073% | 1h | 0.2225 | long leg | $1.1M | $4.5M | 50x | |
| OKX ARB-USDT-SWAP | −0.0055% | 8h | 0.2223 | −0.112% | $22.1M | $146.8M | 50x | as long as short |
| MEXC ARB_USDT | −0.0054% | 8h | 0.2223 | −0.080% | $41.8M | $62.0M | 200x | as long as short |
| Bybit ARBUSDT | −0.0052% | 8h | 0.2223 | −0.071% | $55.0M | $126.4M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0044% | 8h | 0.2223 | −0.094% | $12K | $406K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2220 | −0.247% | $66K | $5K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Variational Omni ARB
Polymarket Perps ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Bybit ARBUSDT
Orderly PERP_ARB_USDC
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 | 0.2224 | −0.054% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2224 | −0.049% | $44K | — | 150x | as long as short |
| Bitget ARBUSDT | +0.0056% | 8h | 0.2223 | −0.094% | $21.3M | $34.7M | 50x | as long as short |
| Gate ARB_USDT | +0.0081% | 8h | 0.2223 | −0.094% | $5.5M | $18.4M | 60x | as long as short |
| RISEx ARB/USDC | +0.0086% | 1h | 0.2222 | −0.160% | $484K | $2.6M | 10x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2219 | −0.287% | $1.3M | $5.5M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2222 | −0.152% | $37.3M | $49.1M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2224 | −0.068% | $638K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2219 | −0.252% | $43K | $150K | 10x | as long as short |
| Binance ARBUSDT | +0.0100% | 8h | 0.2224 | −0.058% | $63.6M | $300.9M | 75x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2222 | −0.157% | $19.8M | $14.4M | 75x | as long as short |
| BingX ARB-USDT | +0.0100% | 8h | 0.2224 | −0.049% | — | $54.0M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2208 | −0.788% | $39K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2207 | −0.813% | $473K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2206 | −0.858% | $119K | $281K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2224 | −0.049% | $2K | $1.1M | 30x | as long as short |
| SoDEX ARB-USD | +0.0100% | 1h | 0.2224 | −0.058% | $9K | $2.2M | 5x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2222 | −0.134% | $297K | $885K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2221 | −0.184% | $5.0M | $12.8M | 50x | as long as short |
| Extended ARB-USDshort | +0.0104% | 1h | 0.2222 | −0.124% | $352K | $2.8M | 25x | |
| Aevo ARB-PERP | +0.0104% | 1h | 0.2225 | −0.024% | $141K | $7K | 3x | as long as short |
| BloFin ARB-USDT | +0.0220% | 8h | 0.2223 | −0.112% | $3.0M | $2.4M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0277% / S −0.0159% | 1h | 0.2224 | −0.037% | $841K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2223 | −0.094% | $515K | $1.6M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2218 | −0.315% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0744% | 1h | 0.2225 | −0.004% | $998K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
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-USDT
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
SoDEX ARB-USD
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