Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0174%/8h= −19.1% APRpaid last 24h −0.014%

Price spread now: Kraken Futures against SunX−0.181%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$212as in the Funding arb table

Net, price: spread back to 7d avg − costs−$209as in the Price arb table

costs, in and out, $10k−$1931.931% of the position

Long on SunX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.186%−$19 on $10k

Price spread, last 4 days (all we have)+0.105%+$10 · spread now −0.181%, 7d avg −0.025%

Together, before fees−0.081%−$8 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 0.156% cheaper against SunX than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.025%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ARB-USDT	0.2190	0.0100	pay 0.0100% / 8h	2h 49m	$1K	$1.1M	30x
Short	Kraken Futures PF_ARBUSD	0.2186	−0.0074	pay 0.0009% / 1h	49m 43s	$1.1M	$4.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against SunX. 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 SunXbpFee Kraken FuturesbpOrdersPrice spread, now −0.181%Rate

Funding earned: −$36.63
Price spread: −0.181% → −0.025%: −$15.56
Slippage, 4 orders: −$175.05
Fee SunX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$245.25
Costs to cover: 1.931%
Break-even: never at this rate

Slippage from SunX: live order book, 3 min ago; Kraken Futures: live order book, 4 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 SunX live order book, 3 min ago	31.91 bp	64.4 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	8.01 bp	15.0 bp −$15	22.7 bp −$227	560.8 bp −$56.1K	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	−0.1581%	1h	0.2178	−0.548%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0200%	1h	0.2186	−0.183%	$7K	$236	10x	as long as short
Polymarket Perps ARB-USD	−0.0160%	1h	0.2186	−0.183%	$73K	$2.1M	10x	as long as short
Variational Omni ARB	−0.0100%	8h	0.2184	−0.253%	$1.8M	$3.0M	—	as long as short
OKX ARB-USDT-SWAP	−0.0094%	8h	0.2186	−0.183%	$21.7M	$142.7M	50x	as long as short
MEXC ARB_USDT	−0.0093%	8h	0.2186	−0.178%	$41.2M	$60.1M	200x	as long as short
Bybit ARBUSDT	−0.0075%	8h	0.2185	−0.237%	$54.4M	$123.8M	50x	as long as short
Kraken Futures PF_ARBUSDshort	−0.0074%	1h	0.2186	−0.181%	$1.1M	$4.4M	50x
Orderly PERP_ARB_USDC	−0.0059%	8h	0.2186	−0.183%	$12K	$408K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2186	−0.202%	$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	0.2186	−0.169%	$24K	$31K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2187	−0.158%	$44K	—	150x	as long as short
Gate ARB_USDT	+0.0028%	8h	0.2185	−0.251%	$5.4M	$18.1M	60x	as long as short
Bitget ARBUSDT	+0.0046%	8h	0.2185	−0.228%	$20.8M	$34.2M	50x	as long as short
Extended ARB-USD	+0.0072%	1h	0.2184	−0.272%	$348K	$2.8M	25x	as long as short
BingX ARB-USDC	+0.0073%	8h	0.2187	−0.123%	—	$6.5M	—	as long as short
Binance ARBUSDT	+0.0075%	8h	0.2186	−0.190%	$62.7M	$300.4M	75x	as long as short
RISEx ARB/USDC	+0.0086%	1h	0.2187	−0.142%	$449K	$2.6M	10x	as long as short
Lighter ARB	+0.0096%	1h	0.2184	−0.256%	$1.2M	$5.5M	15x	as long as short
Aevo ARB-PERP	+0.0096%	1h	0.2187	−0.137%	$139K	$7K	3x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2186	−0.201%	$36.9M	$48.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2187	−0.155%	$630K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2185	−0.213%	$42K	$160K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2185	−0.219%	$19.5M	$14.5M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2185	−0.207%	$39K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2185	−0.228%	$465K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2188	−0.091%	$118K	$283K	50x	as long as short
SunX ARB-USDTlong	+0.0100%	8h	0.2190	long leg	$1K	$1.1M	30x
SoDEX ARB-USD	+0.0100%	1h	0.2185	−0.233%	$10K	$2.2M	5x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2186	−0.178%	$290K	$894K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2184	−0.274%	$4.9M	$12.6M	50x	as long as short
BloFin ARB-USDT	+0.0195%	8h	0.2185	−0.224%	$3.0M	$2.5M	75x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0277% / S −0.0160%	1h	0.2187	−0.159%	$831K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2190	0.000%	$502K	$1.6M	50x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2186	−0.192%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0704%	1h	0.2188	−0.082%	$982K	$2.8M	20x	as long as short