ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0364%/8h= −39.8% APRnext payment −$0.45 per $10,000 · paid last 24h −0.070%

Price spread now: Kraken Futures against Reya+0.035%48s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Kraken Futures is 0.035% dearer against Reya than usual: you sell high and buy low (spread +0.035% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 8 hours. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ARBRUSDPERP	0.2179	0.0289	pay 0.0036% / 1h	45m 21s	$2K	$695	20x
Short	Kraken Futures PF_ARBUSD	0.2180	−0.0075	pay 0.0009% / 1h	45m 21s	$1.0M	$4.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Reya. 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 ReyabpFee Kraken FuturesbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$76.35
Price spread: +0.035% → 0.000%: $3.54
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$88.81
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Kraken Futures: live order book, 4 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 Reya no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 4 min ago	14.42 bp	21.1 bp −$21	27.2 bp −$272	639.5 bp −$64.0K	doesn't fit

Reya: 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	−0.1581%	1h	0.2169	−0.452%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0200%	1h	0.2179	+0.012%	$7K	$236	10x	as long as short
Polymarket Perps ARB-USD	−0.0184%	1h	0.2178	−0.020%	$72K	$2.1M	10x	as long as short
Variational Omni ARB	−0.0103%	8h	0.2176	−0.113%	$1.7M	$3.0M	—	as long as short
OKX ARB-USDT-SWAP	−0.0096%	8h	0.2180	+0.030%	$21.6M	$142.2M	50x	as long as short
MEXC ARB_USDT	−0.0095%	8h	0.2181	+0.085%	$41.0M	$60.1M	200x	as long as short
Bybit ARBUSDT	−0.0078%	8h	0.2178	−0.016%	$54.2M	$123.7M	50x	as long as short
Kraken Futures PF_ARBUSDshort	−0.0075%	1h	0.2180	+0.035%	$1.0M	$4.4M	50x
Orderly PERP_ARB_USDC	−0.0059%	8h	0.2180	+0.053%	$13K	$407K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2181	+0.081%	$65K	$5K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2178	−0.016%	$23K	$33K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2180	+0.075%	$44K	—	150x	as long as short
Gate ARB_USDT	+0.0039%	8h	0.2180	+0.076%	$5.4M	$18.1M	60x	as long as short
Bitget ARBUSDT	+0.0047%	8h	0.2180	+0.053%	$20.8M	$34.1M	50x	as long as short
Extended ARB-USD	+0.0072%	1h	0.2179	+0.012%	$348K	$2.8M	25x	as long as short
Binance ARBUSDT	+0.0072%	8h	0.2180	+0.066%	$62.6M	$300.2M	75x	as long as short
BingX ARB-USDC	+0.0075%	8h	0.2179	+0.026%	—	$6.5M	—	as long as short
RISEx ARB/USDC	+0.0086%	1h	0.2181	+0.083%	$444K	$2.6M	10x	as long as short
Lighter ARB	+0.0096%	1h	0.2181	+0.099%	$1.2M	$5.5M	15x	as long as short
Aevo ARB-PERP	+0.0096%	1h	0.2178	−0.032%	$138K	$7K	3x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2181	+0.085%	$36.8M	$48.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2182	+0.155%	$629K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2181	+0.113%	$42K	$160K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2181	+0.108%	$19.5M	$14.5M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2179	+0.017%	$38K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2180	+0.048%	$464K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2179	+0.007%	$118K	$283K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2182	+0.145%	$2K	$1.1M	30x	as long as short
SoDEX ARB-USD	+0.0100%	1h	0.2179	+0.007%	$10K	$2.2M	5x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2180	+0.035%	$290K	$892K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2179	+0.007%	$4.9M	$12.6M	50x	as long as short
BloFin ARB-USDT	+0.0194%	8h	0.2178	−0.043%	$3.0M	$2.4M	75x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2179	−0.002%	$822K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2185	+0.283%	$501K	$1.6M	50x	as long as short
Reya ARBRUSDPERPlong	+0.0289%	1h	0.2179	long leg	$2K	$695	20x
Backpack ARB_USDC_PERP	+0.0648%	1h	0.2183	+0.182%	$979K	$2.8M	20x	as long as short