ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h +0.072%

Price spread now: RISEx against Kraken Futures+0.002%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$370.369% of the position

Long on Kraken Futures Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.321%+$32 on $10k

Price spread, last 4 days (all we have)−0.389%−$39 · spread now +0.002%, 7d avg −0.030%

Together, before fees−0.068%−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. RISEx is 0.033% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.002% now, against its 7-day average of −0.030%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.5 days. Mind the row above: over the last 4 days funding on this pair paid +0.321%, 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	0.2180	0.0093	pay 0.0012% / 1h	34m 04s	$1.1M	$4.4M	50x
Short	RISEx ARB/USDC	0.2180	0.0069	get 0.0009% / 1h	34m 04s	$497K	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.002%Rate

Funding earned: −$5.07
Price spread: +0.002% → −0.030%: $3.26
Slippage, 4 orders: −$20.88
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$38.69
Costs to cover: 0.369%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; RISEx: live order book, 5 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, 5 min ago	8.24 bp	13.4 bp −$13	19.6 bp −$196	doesn't fit	doesn't fit
Sell RISEx live order book, 5 min ago	0.92 bp	3.9 bp −$4	15.7 bp −$157	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	−0.1612%	1h	0.2168	−0.562%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0176%	1h	0.2178	−0.085%	$7K	$236	10x	as long as short
MEXC ARB_USDT	−0.0087%	8h	0.2177	−0.158%	$42.7M	$62.0M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0087%	8h	0.2177	−0.163%	$21.9M	$143.8M	50x	as long as short
SoDEX ARB-USD	−0.0064%	1h	0.2178	−0.089%	$9K	$2.2M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0042%	8h	0.2178	−0.103%	$13K	$404K	10x	as long as short
Polymarket Perps ARB-USD	−0.0023%	1h	0.2179	−0.075%	$69K	$2.1M	10x	as long as short
Binance ARBUSDT	−0.0010%	8h	0.2177	−0.158%	$62.2M	$300.6M	75x	as long as short
Variational Omni ARB	−0.0008%	8h	0.2178	−0.093%	$1.8M	$3.0M	—	as long as short
Extended ARB-USD	−0.0008%	1h	0.2178	−0.109%	$347K	$3.1M	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2177	−0.158%	$64K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2179	−0.039%	$28K	$38K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2180	−0.034%	$44K	—	150x	as long as short
Bybit ARBUSDT	+0.0007%	8h	0.2177	−0.140%	$53.3M	$126.1M	50x	as long as short
Gate ARB_USDT	+0.0015%	8h	0.2177	−0.163%	$5.4M	$18.3M	60x	as long as short
RISEx ARB/USDCshort	+0.0069%	1h	0.2180	+0.002%	$497K	$2.6M	10x
BingX ARB-USDC	+0.0080%	8h	0.2175	−0.227%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2180	−0.011%	$138K	$7K	3x	as long as short
Bitget ARBUSDT	+0.0082%	8h	0.2178	−0.103%	$21.1M	$34.6M	50x	as long as short
Kraken Futures PF_ARBUSDlong	+0.0093%	1h	0.2180	long leg	$1.1M	$4.4M	50x
Lighter ARB	+0.0096%	1h	0.2179	−0.062%	$1.3M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2178	−0.094%	$36.7M	$49.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2179	−0.065%	$630K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2178	−0.103%	$42K	$147K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2180	−0.007%	$19.4M	$14.0M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2181	+0.022%	$39K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2182	+0.087%	$467K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2181	+0.035%	$118K	$279K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2181	+0.035%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2179	−0.071%	$291K	$838K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2178	−0.103%	$4.8M	$12.8M	50x	as long as short
BloFin ARB-USDT	+0.0113%	8h	0.2177	−0.149%	$3.0M	$2.3M	75x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2178	−0.122%	$822K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2178	−0.087%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0336%	1h	0.2184	+0.172%	$522K	$1.5M	50x	as long as short
Backpack ARB_USDC_PERP	+0.0573%	1h	0.2180	−0.002%	$979K	$2.9M	20x	as long as short