Funding arb · Price arb /

ARC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0106%/8h= −11.6% APRpaid last 24h +0.140%

Price spread now: Bitget against Kraken Futures+0.356%48s7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−1.147%−$115 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Bitget is 0.356% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.356% now, against zero (this spread has no 7-day history yet)): +$36 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 7 days (−1.147% in total) that is about 2.2 days. 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	Kraken Futures PF_ARCUSD	0.07812	0.0906	pay 0.0113% / 1h	43m 28s	$52K	$87K	20x
Short	Bitget ARCUSDT	0.07840	0.0800	get 0.0400% / 4h	2h 43m	$1.7M	$543K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Kraken Futures. 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 Kraken FuturesbpFee BitgetbpOrdersPrice spread, now +0.356%Rate

Funding earned: −$22.28
Price spread: +0.356% → 0.000%: $35.56
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$8.72
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: Kraken Futures: no order-book sample; Bitget: 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Bitget live order book, 3 min ago	7.01 bp	43.1 bp −$43	356.2 bp −$3,562	doesn't fit	doesn't fit

Kraken Futures: 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.

ARC on 12 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
Lighter ARC	+0.0096%	1h	0.07848	+0.454%	$38K	$7K	3x	as long as short
Aster ARCUSDT	+0.0100%	4h	0.07851	+0.497%	$19K	$14K	5x	as long as short
Gate ARC_USDT	+0.0100%	4h	0.07839	+0.343%	$3.0M	$231K	20x	as long as short
KuCoin ARCUSDTM	+0.0100%	4h	0.07862	+0.639%	$1.3M	$1.8M	20x	as long as short
SunX ARC-USDT	+0.0100%	4h	0.07838	+0.330%	$2K	$1.5M	20x	as long as short
BloFin ARC-USDT	+0.0492%	4h	0.07837	+0.317%	$1.2M	$50K	20x	as long as short
Extended ARC-USD	+0.0544%	1h	0.07848	+0.458%	$31K	$190K	5x	as long as short
Binance ARCUSDT	+0.0552%	4h	0.07851	+0.492%	$24.3M	$7.1M	20x	as long as short
Bitget ARCUSDTshort	+0.0800%	4h	0.07840	+0.356%	$1.7M	$543K	10x
Kraken Futures PF_ARCUSDlong	+0.0906%	1h	0.07812	long leg	$52K	$87K	20x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ARC-USDT	+0.2200%	4h	0.07850	+0.484%	—	$1.7M	—	as long as short
Bybit ARCUSDT	+0.2305%	4h	0.07834	+0.279%	$2.8M	$4.5M	13x	as long as short