ARB

Alert

Funding spread now, next payment 18:00 UTC+0.0340%/8h

paid, last 24h−0.006%paid, last 7 days+0.073%to open and close $10k−$71

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.073% in total (about 3.8% a year). A funding rate is set anew for every payment. 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	0.2283	−0.0240	get 0.0030% / 1h	47m 55s	$1.1M	$4.9M	50x
Short	Phemex ARBUSDT	0.2283	0.0100	get 0.0100% / 8h	6h 47m	$5.6M	$14.4M	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 PhemexbpOrdersRate

Funding earned: $71.48
Slippage, 4 orders: −$48.99
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: $0.5
Break-even: 7.0 days

Slippage from Kraken Futures: live order book, 2 min ago; Phemex: live order book, 3 min ago.

Price risk

price view

Price gap now: +0.010%
Avg gap 7d: −0.048%

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, 2 min ago	9.88 bp	17.7 bp −$18	25.0 bp −$250	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	6.58 bp	15.1 bp −$15	27.9 bp −$279	doesn't fit	doesn't fit

ARB on 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective ARB/USDC PERP	−0.1630%	1h	$58K	$138K	12x	as long as short
Kraken Futures PF_ARBUSDlong	−0.0240%	1h	$1.1M	$4.9M	50x
01 Exchange ARBUSD	−0.0224%	1h	$7K	$2K	10x	as long as short
Polymarket Perps ARB-USD	−0.0145%	1h	$68K	$2.5M	10x	as long as short
Bybit ARBUSDT	−0.0119%	8h	$57.2M	$131.5M	50x	as long as short
OKX ARB-USDT-SWAP	0.0000%	8h	$23.6M	$171.6M	50x	as long as short
dYdX ARB-USD	0.0000%	1h	$69K	$4K	10x	as long as short
MEXC ARB_USDT	0.0000%	8h	$41.1M	$62.2M	200x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	$40K	$16K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	$59K	—	150x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Orderly PERP_ARB_USDC	+0.0008%	8h	$11K	$376K	10x	as long as short
SoDEX ARB-USD	+0.0035%	1h	$5K	$2.9M	5x	as long as short
Variational Omni ARB	+0.0079%	8h	$1.8M	$3.3M	—	as long as short
Lighter ARB	+0.0096%	1h	$1.4M	$7.5M	15x	as long as short
Gate ARB_USDT	+0.0099%	8h	$5.5M	$20.9M	60x	as long as short
Aster ARBUSDT	+0.0100%	8h	$723K	$1.9M	20x	as long as short
Pacifica ARB	+0.0100%	1h	$48K	$215K	10x	as long as short
Binance ARBUSDT	+0.0100%	8h	$64.3M	$319.5M	75x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	$20.9M	$18.0M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	$21.2M	$39.3M	50x	as long as short
BingX ARB-USDT	+0.0100%	8h	—	$53.4M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	$39K	$466K	20x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	$127K	$260K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	$278K	$1.2M	50x	as long as short
Phemex ARBUSDTshort	+0.0100%	8h	$5.6M	$14.4M	50x
Extended ARB-USD	+0.0104%	1h	$369K	$2.4M	25x	as long as short
Aevo ARB-PERP	+0.0104%	1h	$152K	$9K	3x	as long as short
Hyperliquid ARB	+0.0115%	1h	$42.4M	$48.9M	10x	as long as short
BloFin ARB-USDT	+0.0220%	8h	$3.1M	$3.2M	75x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0289% / S −0.0249%	1h	$712K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0292%	1h	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0432%	1h	$529K	$2.5M	50x	as long as short
Backpack ARB_USDC_PERP	+0.0451%	1h	$940K	$2.9M	20x	as long as short
RISEx ARB/USDC	+0.0519%	1h	$413K	$3.0M	10x	as long as short