Funding you earn now, next payment 01:00 UTC−0.0086%/8h= −9.4% APRpaid last 24h +0.030%
Price spread now: Kraken Futures against Orderly+0.004%7-day average +0.057% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.101%+$10 on $10k
+Price spread, last 3 days (all we have)−0.031%−$3 · spread now +0.004%, 7d avg +0.057%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kraken Futures is 0.053% cheaper against Orderly than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.057%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.101%, 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 | Orderly PERP_ARB_USDC | 0.2244 | −0.0053 | get 0.0053% / 8h | 7h 00m | $13K | $387K | 10x |
| Short | Kraken Futures PF_ARBUSD | 0.2244 | −0.0139 | pay 0.0017% / 1h | 0m 59s | $1.1M | $4.7M | 50x |
Orderly PERP_ARB_USDC
Kraken Futures PF_ARBUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Orderly. 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
- −$17.97
- Price spread: +0.004% → +0.057%
- −$5.3
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$39.27
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Kraken Futures: live order book, 3 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 3 min ago | 18.99 bp | 27.7 bp −$28 | 35.6 bp −$356 | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.1666% | 1h | 0.2241 | −0.134% | $40K | $372K | 12x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0284% | 1h | 0.2245 | +0.022% | $25K | $34K | 25x | as long as short |
| Variational Omni ARB | −0.0196% | 8h | 0.2245 | +0.038% | $1.9M | $2.8M | — | as long as short |
| 01 Exchange ARBUSD | −0.0160% | 1h | 0.2248 | +0.201% | $7K | $2K | 10x | as long as short |
| Kraken Futures PF_ARBUSDshort | −0.0139% | 1h | 0.2244 | +0.004% | $1.1M | $4.7M | 50x | |
| Bybit ARBUSDT | −0.0121% | 8h | 0.2243 | −0.036% | $58.2M | $127.2M | 50x | as long as short |
| SoDEX ARB-USD | −0.0107% | 1h | 0.2243 | −0.049% | $10K | $2.5M | 5x | as long as short |
| MEXC ARB_USDT | −0.0107% | 8h | 0.2241 | −0.116% | $38.6M | $59.7M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0106% | 8h | 0.2243 | −0.036% | $22.8M | $156.7M | 50x | as long as short |
| Orderly PERP_ARB_USDClong | −0.0053% | 8h | 0.2244 | long leg | $13K | $387K | 10x |
Injective ARB/USDC PERP
Deribit ARB_USDC-PERPETUAL
Variational Omni ARB
01 Exchange ARBUSD
Bybit ARBUSDT
SoDEX ARB-USD
MEXC ARB_USDT
OKX ARB-USDT-SWAPShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2253 | +0.384% | $67K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0011% | 1h | 0.2247 | +0.155% | $10K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0013% | 8h | 0.2245 | +0.022% | $66.3M | $312.2M | 75x | as long as short |
| Extended ARB-USD | +0.0016% | 1h | 0.2241 | −0.139% | $356K | $2.5M | 25x | as long as short |
| BloFin ARB-USDT | +0.0054% | 8h | 0.2243 | −0.053% | $3.2M | $2.9M | 75x | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2244 | 0.000% | $142K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2245 | +0.053% | $1.4M | $7.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2246 | +0.076% | $40.7M | $47.3M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2246 | +0.099% | $700K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2253 | +0.406% | $45K | $183K | 10x | as long as short |
| Gate ARB_USDT | +0.0100% | 8h | 0.2243 | −0.045% | $5.4M | $20.1M | 60x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2242 | −0.076% | $19.5M | $15.8M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2242 | −0.089% | $21.4M | $35.9M | 50x | as long as short |
| BingX ARB-USDC | +0.0100% | 8h | 0.2243 | −0.036% | — | $6.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2257 | +0.568% | $41K | $464K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2256 | +0.548% | $486K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2258 | +0.624% | $122K | $296K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2249 | +0.227% | $64K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2257 | +0.579% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2244 | +0.018% | $293K | $981K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2245 | +0.045% | $5.2M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0232% | 1h | 0.2248 | +0.178% | $505K | $2.3M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0278% / S −0.0162% | 1h | 0.2247 | +0.135% | $854K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2247 | +0.152% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0384% | 1h | 0.2250 | +0.277% | $511K | $2.6M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0588% | 1h | 0.2246 | +0.076% | $1.0M | $2.8M | 20x | as long as short |
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
BloFin ARB-USDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
Gate ARB_USDT
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDC
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP