Funding you earn now, next payment 22:00 UTC−0.2118%/8h= −231.9% APRpaid last 24h −0.366%
Price spread now: Kraken Futures against BingX+0.036%7-day average +0.129% · you sell dearer than you buy
Net, funding: paid 7d − costs−$276as in the Funding arb table
Net, price: spread back to 7d avg − costs−$137as in the Price arb table
costs, in and out, $10k−$1281.280% of the position
Funding, last 7 days−1.479%−$148 on $10k
+Price spread, last 3 days (all we have)−0.679%−$68 · spread now +0.036%, 7d avg +0.129%
=Both sides work against this trade now: funding costs −$64 a day on $10k at the current rate, and Kraken Futures is 0.093% cheaper against BingX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.129%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.479% in total (about -77.1% a year). A funding rate is set anew for every payment. 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 | BingX AR-USDT | 4.4440 | 0.0100 | pay 0.0100% / 8h | 2h 05m | — | $2.9M | — |
| Short | Kraken Futures PF_ARUSD | 4.4456 | −0.2018 | pay 0.0252% / 1h | 5m 03s | $46K | $155K | 20x |
BingX AR-USDT
Kraken Futures PF_ARUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- −$444.8
- Price spread: +0.036% → +0.129%
- −$9.3
- Slippage, 4 orders
- −$107.96
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$582.06
- Costs to cover
- 1.280%
- Break-even
- never at this rate
Slippage from BingX: live order book, 14 min ago; Kraken Futures: live order book, 17 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 BingX live order book, 14 min ago | 2.24 bp | 18.0 bp −$18 | 49.7 bp −$497 | 395.1 bp −$39.5K | 756.8 bp −$378.4K |
| Sell Kraken Futures live order book, 17 min ago | 32.26 bp | 46.3 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
AR on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ARUSDshort | −0.2018% | 1h | 4.4456 | +0.036% | $46K | $155K | 20x | |
| GMX AR/USD [WBTC.b-USDC] | L −0.0140% / S +0.0551% | 1h | 4.4463 | +0.051% | $571K | — | 50x | as long as short |
| Injective AR/USDC PERP | +0.0033% | 1h | 4.5720 | +2.880% | $3K | $363 | 5.5x | as long as short |
| Hyperliquid AR | +0.0100% | 1h | 4.4528 | +0.198% | $3.8M | $4.8M | 5x | as long as short |
| Aster ARUSDT | +0.0100% | 8h | 4.4494 | +0.121% | $20K | $621K | 10x | as long as short |
| Binance ARUSDT | +0.0100% | 8h | 4.4445 | +0.012% | $8.7M | $55.9M | 75x | as long as short |
| Bybit ARUSDT | +0.0100% | 8h | 4.4423 | −0.038% | $4.6M | $9.0M | 75x | as long as short |
| OKX AR-USDT-SWAP | +0.0100% | 8h | 4.4450 | +0.023% | $2.2M | $20.5M | 20x | as long as short |
| Gate AR_USDT | +0.0100% | 8h | 4.4460 | +0.045% | $2.5M | $2.3M | 50x | as long as short |
| MEXC AR_USDT | +0.0100% | 8h | 4.4450 | +0.023% | $6.7M | $4.8M | 100x | as long as short |
GMX AR/USD [WBTC.b-USDC]
Injective AR/USDC PERP
Hyperliquid AR
Aster ARUSDT
Binance ARUSDT
Bybit ARUSDT
OKX AR-USDT-SWAP
Gate AR_USDT
MEXC AR_USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ARUSDTM | +0.0100% | 8h | 4.4450 | +0.023% | $1.4M | $1.1M | 50x | as long as short |
| Bitget ARUSDT | +0.0100% | 8h | 4.4410 | −0.068% | $3.8M | $5.6M | 75x | as long as short |
| BingX AR-USDTlong | +0.0100% | 8h | 4.4440 | long leg | — | $2.9M | — | |
| Variational Omni AR | +0.0100% | 8h | 4.4458 | +0.041% | $135K | $174K | — | as long as short |
| ApeX Omni ARUSDT | +0.0100% | 1h | 4.4630 | +0.428% | $56K | $748K | 50x | as long as short |
| Extended AR-USD | +0.0104% | 1h | 4.4440 | +0.001% | $36K | $237K | 10x | as long as short |
| BloFin AR-USDT | +0.0220% | 8h | 4.4450 | +0.023% | $417K | $666K | 20x | as long as short |
KuCoin ARUSDTM
Bitget ARUSDT
Variational Omni AR
ApeX Omni ARUSDT
Extended AR-USD
BloFin AR-USDT