ARB

Alert

Funding spread now, next payment 14:00 UTC−0.0609%/8h

paid, last 24h+0.002%paid, last 3 days+0.053%to open and closeno order book

Long on Kraken Futures Short on Variational Omni

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.053% in total (about 6.7% 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	0.2386	0.0709	pay 0.0089% / 1h	31m 01s	$1.2M	$4.5M	50x
Short	Variational Omni ARB	0.2384	0.0100	get 0.0100% / 8h	2h 31m	$2.1M	$3.2M	—

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee Variational OmnibpOrdersRate

Funding earned: −$127.94
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$137.94
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 4 min ago; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.107%
Avg gap 7d: −0.074%

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, 4 min ago	11.74 bp	17.1 bp −$17	27.7 bp −$277	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	4.20 bp	doesn't fit	21.0 bp −$210	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	−0.0994%	1h	$61K	$293K	12x	as long as short
Orderly PERP_ARB_USDC	−0.0060%	8h	$13K	$257K	10x	as long as short
OKX ARB-USDT-SWAP	−0.0034%	8h	$24.8M	$192.2M	50x	as long as short
MEXC ARB_USDT	−0.0033%	8h	$36.9M	$56.9M	200x	as long as short
dYdX ARB-USD	0.0000%	1h	$72K	$4K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	$38K	$17K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	$34K	—	150x	as long as short
Aster ARBUSDT	+0.0100%	8h	$719K	$2.2M	20x	as long as short
Pacifica ARB	+0.0100%	1h	$50K	$256K	10x	as long as short
Binance ARBUSDT	+0.0100%	8h	$68.6M	$318.2M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit ARBUSDT	+0.0100%	8h	$60.2M	$132.4M	50x	as long as short
Gate ARB_USDT	+0.0100%	8h	$5.9M	$20.0M	60x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	$20.3M	$19.6M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	$22.3M	$38.1M	50x	as long as short
BingX ARB-USDC	+0.0100%	8h	—	$6.5M	—	as long as short
Variational Omni ARBshort	+0.0100%	8h	$2.1M	$3.2M	—
edgeX ARBUSDC	+0.0100%	4h	$40K	$459K	20x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	$136K	$275K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	$61K	$2.8M	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	$2.8M	5x	as long as short
HTX ARB-USDT	+0.0100%	8h	$292K	$1.3M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	$5.7M	$15.5M	50x	as long as short
Extended ARB-USD	+0.0104%	1h	$388K	$2.4M	25x	as long as short
Aevo ARB-PERP	+0.0104%	1h	$159K	$9K	3x	as long as short
01 Exchange ARBUSD	+0.0152%	1h	$8K	$3K	10x	as long as short
BloFin ARB-USDT	+0.0220%	8h	$3.4M	$3.3M	75x	as long as short
Lighter ARB	+0.0240%	1h	$1.8M	$6.7M	15x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0249% / S −0.0160%	1h	$761K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0291%	1h	$3K	—	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0472%	1h	$587K	$2.5M	50x	as long as short
RISEx ARB/USDC	+0.0675%	1h	$388K	$3.3M	10x	as long as short
Kraken Futures PF_ARBUSDlong	+0.0709%	1h	$1.2M	$4.5M	50x
Hyperliquid ARB	+0.1054%	1h	$44.3M	$46.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.1117%	1h	$982K	$2.7M	20x	as long as short