Funding you earn now, next payment 21:00 UTC+0.2163%/8h= +236.9% APRpaid last 24h +0.336%
Price spread now: OKX against Kraken Futures+0.175%55s7-day average −0.177% · you sell dearer than you buy
Net, funding: paid 7d − costs+$13as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1301.298% of the position
Funding, last 7 days+1.430%+$143 on $10k
+Price spread, last 3 days (all we have)+1.408%+$141 · spread now +0.175%, 7d avg −0.177%
=Both sides work for this trade now. Funding pays +$65 a day on $10k at the current rate, and OKX is 0.353% dearer against Kraken Futures than usual: you sell high and buy low: +$35 more if the spread goes back to its 7-day average of −0.177%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.430% in total (about 74.6% 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 | Kraken Futures PF_ARUSD | 4.5091 | −0.2063 | get 0.0258% / 1h | 32m 24s | $46K | $155K | 20x |
| Short | OKX AR-USDT-SWAP | 4.5170 | 0.0100 | get 0.0100% / 8h | 3h 32m | $2.3M | $21.5M | 20x |
Kraken Futures PF_ARUSD
OKX AR-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $454.31
- Price spread: +0.175% → −0.177%
- $35.27
- Slippage, 4 orders
- −$109.83
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $359.76
- Costs to cover
- 1.298%
- Break-even
- 1.5 days
Slippage from Kraken Futures: live order book, 15 min ago; OKX: live order book, 2 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 Kraken Futures live order book, 15 min ago | 29.03 bp | 47.3 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 1.11 bp | 20.7 bp −$21 | 106.4 bp −$1,064 | 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_ARUSDlong | −0.2063% | 1h | 4.5091 | long leg | $46K | $155K | 20x | |
| GMX AR/USD [WBTC.b-USDC] | L −0.0140% / S +0.0551% | 1h | 4.5218 | +0.282% | $581K | — | 50x | as long as short |
| Injective AR/USDC PERP | +0.0033% | 1h | 4.5720 | +1.395% | $3K | $376 | 5.5x | as long as short |
| ApeX Omni ARUSDT | +0.0048% | 1h | 4.5090 | −0.002% | $58K | $746K | 50x | as long as short |
| Hyperliquid AR | +0.0100% | 1h | 4.5259 | +0.373% | $3.8M | $5.2M | 5x | as long as short |
| Aster ARUSDT | +0.0100% | 8h | 4.5197 | +0.235% | $20K | $639K | 10x | as long as short |
| Binance ARUSDT | +0.0100% | 8h | 4.5202 | +0.246% | $8.8M | $57.9M | 75x | as long as short |
| Bybit ARUSDT | +0.0100% | 8h | 4.5194 | +0.229% | $4.6M | $9.2M | 75x | as long as short |
| OKX AR-USDT-SWAPshort | +0.0100% | 8h | 4.5170 | +0.175% | $2.3M | $21.5M | 20x | |
| Gate AR_USDT | +0.0100% | 8h | 4.5180 | +0.198% | $2.6M | $2.4M | 50x | as long as short |
GMX AR/USD [WBTC.b-USDC]
Injective AR/USDC PERP
ApeX Omni ARUSDT
Hyperliquid AR
Aster ARUSDT
Binance ARUSDT
Bybit ARUSDT
Gate AR_USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC AR_USDT | +0.0100% | 8h | 4.5200 | +0.242% | $6.8M | $5.0M | 100x | as long as short |
| KuCoin ARUSDTM | +0.0100% | 8h | 4.5220 | +0.286% | $1.4M | $1.2M | 50x | as long as short |
| Bitget ARUSDT | +0.0100% | 8h | 4.5170 | +0.175% | $3.8M | $5.7M | 75x | as long as short |
| BingX AR-USDT | +0.0100% | 8h | 4.5170 | +0.175% | — | $2.9M | — | as long as short |
| Variational Omni AR | +0.0100% | 8h | 4.4956 | −0.300% | $137K | $174K | — | as long as short |
| Extended AR-USD | +0.0104% | 1h | 4.5182 | +0.203% | $37K | $237K | 10x | as long as short |
| BloFin AR-USDT | +0.0220% | 8h | 4.5180 | +0.198% | $425K | $681K | 20x | as long as short |
MEXC AR_USDT
KuCoin ARUSDTM
Bitget ARUSDT
BingX AR-USDT
Variational Omni AR
Extended AR-USD
BloFin AR-USDT