ARB

Alert

Funding spread now, next payment 14:00 UTC+0.0607%/8h

next payment, per $10,000+$0.76paid, last 24h−0.019%paid, last 7 days−0.197%to open and close $10k−$74

Long on Pacifica Short on Kraken Futures

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.197% in total (about -10.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.76 per $10,000. 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	Pacifica ARB	0.2391	0.0100	pay 0.0013% / 1h	33m 10s	$50K	$256K	10x
Short	Kraken Futures PF_ARBUSD	0.2392	0.0707	get 0.0088% / 1h	33m 10s	$1.2M	$4.5M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee PacificabpFee Kraken FuturesbpOrdersRate

Funding earned: $127.57
Slippage, 4 orders: −$56.48
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $53.09
Break-even: 4.1 days

Slippage from Pacifica: live order book, 26 min ago; Kraken Futures: live order book, 2 min ago.

Price risk

price view

Price gap now: +0.031%
Avg gap 7d: +0.071%

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 Pacifica live order book, 26 min ago	11.24 bp	21.5 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	11.74 bp	20.2 bp −$20	27.1 bp −$271	601.6 bp −$60.2K	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	−0.0062%	8h	$13K	$257K	10x	as long as short
OKX ARB-USDT-SWAP	−0.0036%	8h	$24.8M	$193.2M	50x	as long as short
MEXC ARB_USDT	−0.0036%	8h	$37.5M	$56.6M	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
SoDEX ARB-USD	+0.0081%	1h	$4K	$2.8M	5x	as long as short
Aster ARBUSDT	+0.0100%	8h	$719K	$2.2M	20x	as long as short
Pacifica ARBlong	+0.0100%	1h	$50K	$256K	10x

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance ARBUSDT	+0.0100%	8h	$68.8M	$317.8M	75x	as long as short
Bybit ARBUSDT	+0.0100%	8h	$60.6M	$132.3M	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	$20.4M	$19.6M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	$22.4M	$38.0M	50x	as long as short
BingX ARB-USDC	+0.0100%	8h	—	$6.5M	—	as long as short
Variational Omni ARB	+0.0100%	8h	$2.1M	$3.2M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	$40K	$458K	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	$60K	$2.8M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	$2K	$1.1M	30x	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
GMX ARB/USD [ARB-USDC]	L +0.0249% / S −0.0160%	1h	$762K	—	150x	as long as short
Lighter ARB	+0.0264%	1h	$1.8M	$6.7M	15x	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_ARBUSDshort	+0.0707%	1h	$1.2M	$4.5M	50x
Hyperliquid ARB	+0.1095%	1h	$44.3M	$46.6M	10x	as long as short
Backpack ARB_USDC_PERP	+0.1110%	1h	$981K	$2.7M	20x	as long as short