Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0150%/8h= −16.5% APRpaid last 24h −0.017%

Price spread now: Kraken Futures against KuCoin+0.003%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$760.761% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.184%−$18 on $10k

Price spread, last 4 days (all we have)+0.759%+$76 · spread now +0.003%, 7d avg +0.043%

Together, before fees+0.576%+$58 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Kraken Futures is 0.040% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.043%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ARBUSDTM	0.2188	0.0100	pay 0.0100% / 8h	3h 41m	$19.5M	$14.7M	75x
Short	Kraken Futures PF_ARBUSD	0.2189	−0.0050	pay 0.0006% / 1h	41m 56s	$1.1M	$4.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against KuCoin. 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 KuCoinbpFee Kraken FuturesbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$31.56
Price spread: +0.003% → +0.043%: −$4.01
Slippage, 4 orders: −$54.12
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$111.7
Costs to cover: 0.761%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Kraken Futures: 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 KuCoin live order book, 2 min ago	1.14 bp	17.0 bp −$17	45.4 bp −$454	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	11.18 bp	19.9 bp −$20	25.9 bp −$259	465.3 bp −$46.5K	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	−0.1589%	1h	0.2181	−0.343%	$39K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0218%	1h	0.2189	+0.014%	$71K	$2.1M	10x	as long as short
MEXC ARB_USDT	−0.0109%	8h	0.2187	−0.078%	$41.8M	$60.4M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0109%	8h	0.2186	−0.101%	$22.1M	$142.7M	50x	as long as short
Variational Omni ARB	−0.0102%	8h	0.2189	+0.044%	$1.8M	$2.9M	—	as long as short
Orderly PERP_ARB_USDC	−0.0073%	8h	0.2190	+0.069%	$12K	$407K	10x	as long as short
Bybit ARBUSDT	−0.0061%	8h	0.2186	−0.119%	$55.1M	$123.7M	50x	as long as short
Kraken Futures PF_ARBUSDshort	−0.0050%	1h	0.2189	+0.003%	$1.1M	$4.4M	50x
Gate ARB_USDT	−0.0038%	8h	0.2188	−0.009%	$5.3M	$18.0M	60x	as long as short
01 Exchange ARBUSD	−0.0016%	1h	0.2188	−0.032%	$7K	$2K	10x	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	0.2190	+0.053%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2188	−0.009%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2190	+0.082%	$32K	—	150x	as long as short
Binance ARBUSDT	+0.0031%	8h	0.2187	−0.061%	$63.6M	$299.7M	75x	as long as short
Extended ARB-USD	+0.0032%	1h	0.2186	−0.129%	$349K	$2.5M	25x	as long as short
Bitget ARBUSDT	+0.0057%	8h	0.2188	−0.023%	$20.8M	$34.1M	50x	as long as short
BingX ARB-USDT	+0.0057%	8h	0.2188	−0.041%	—	$53.6M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2190	+0.052%	$139K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2188	−0.032%	$1.2M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2189	+0.032%	$37.6M	$48.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2190	+0.066%	$630K	$1.5M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2190	+0.046%	$42K	$159K	10x	as long as short
KuCoin ARBUSDTMlong	+0.0100%	8h	0.2188	long leg	$19.5M	$14.7M	75x
edgeX ARBUSDC	+0.0100%	4h	0.2191	+0.136%	$38K	$465K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2190	+0.046%	$472K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2191	+0.114%	$118K	$283K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2192	+0.160%	$2K	$1.1M	30x	as long as short
SoDEX ARB-USD	+0.0100%	1h	0.2188	−0.041%	$10K	$2.2M	5x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2190	+0.059%	$297K	$886K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2189	+0.023%	$4.9M	$12.8M	50x	as long as short
RISEx ARB/USDC	+0.0118%	1h	0.2188	−0.037%	$477K	$2.6M	10x	as long as short
BloFin ARB-USDT	+0.0124%	8h	0.2193	+0.210%	$3.1M	$2.5M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0256%	1h	0.2189	+0.005%	$491K	$1.7M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2190	+0.073%	$825K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2189	+0.002%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0527%	1h	0.2191	+0.105%	$986K	$2.8M	20x	as long as short