Funding you earn now, next payment 07:00 UTC+0.0254%/8h= +27.8% APRpaid last 24h +0.017%
Price spread now: Kraken Futures against Bybit+0.184%7-day average +0.102% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$600.598% of the position
Funding, last 7 days−0.055%−$6 on $10k
+Price spread, last 4 days (all we have)+0.320%+$32 · spread now +0.184%, 7d avg +0.102%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Kraken Futures is 0.082% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.102%. Mind the row above: over the last 7 days funding on this pair cost −0.055%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.055% in total (about -2.9% 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 | Bybit ARBUSDT | 0.2216 | −0.0024 | get 0.0024% / 8h | 1h 45m | $54.6M | $126.5M | 50x |
| Short | Kraken Futures PF_ARBUSD | 0.2220 | 0.0229 | get 0.0029% / 1h | 45m 10s | $1.1M | $4.5M | 50x |
Bybit ARBUSDT
Kraken Futures PF_ARBUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bybit. 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
- $53.34
- Price spread: +0.184% → +0.102%
- $8.19
- Slippage, 4 orders
- −$38.84
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $1.69
- Costs to cover
- 0.598%
- Break-even
- 6.8 days
Slippage from Bybit: live order book, 4 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 Bybit live order book, 4 min ago | 0.23 bp | 7.5 bp −$7 | 18.3 bp −$183 | 52.4 bp −$5,235 | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 14.47 bp | 22.6 bp −$23 | 26.6 bp −$266 | 703.9 bp −$70.4K | 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 | −0.1592% | 1h | 0.2202 | −0.650% | $40K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0216% | 1h | 0.2217 | +0.036% | $68K | $2.1M | 10x | as long as short |
| MEXC ARB_USDT | −0.0072% | 8h | 0.2218 | +0.072% | $42.4M | $61.7M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0071% | 8h | 0.2215 | −0.054% | $22.2M | $147.1M | 50x | as long as short |
| Variational Omni ARB | −0.0065% | 8h | 0.2209 | −0.354% | $1.8M | $3.0M | — | as long as short |
| 01 Exchange ARBUSD | −0.0064% | 1h | 0.2214 | −0.099% | $7K | $236 | 10x | as long as short |
| SoDEX ARB-USD | −0.0050% | 1h | 0.2218 | +0.095% | $9K | $2.2M | 5x | as long as short |
| Orderly PERP_ARB_USDC | −0.0044% | 8h | 0.2217 | +0.027% | $12K | $406K | 10x | as long as short |
| Bybit ARBUSDTlong | −0.0024% | 8h | 0.2216 | long leg | $54.6M | $126.5M | 50x | |
| dYdX ARB-USD | 0.0000% | 1h | 0.2211 | −0.234% | $65K | $5K | 10x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Variational Omni ARB
01 Exchange ARBUSD
SoDEX ARB-USD
Orderly PERP_ARB_USDC
dYdX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2219 | +0.122% | $28K | $38K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2218 | +0.091% | $44K | — | 150x | as long as short |
| RISEx ARB/USDC | +0.0056% | 1h | 0.2214 | −0.116% | $461K | $2.6M | 10x | as long as short |
| Bitget ARBUSDT | +0.0058% | 8h | 0.2219 | +0.117% | $21.3M | $34.8M | 50x | as long as short |
| Gate ARB_USDT | +0.0067% | 8h | 0.2218 | +0.077% | $5.5M | $18.3M | 60x | as long as short |
| BingX ARB-USDT | +0.0093% | 8h | 0.2218 | +0.063% | — | $53.0M | — | as long as short |
| Binance ARBUSDT | +0.0093% | 8h | 0.2218 | +0.072% | $63.4M | $302.0M | 75x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2218 | +0.095% | $1.3M | $5.5M | 15x | as long as short |
| Extended ARB-USD | +0.0096% | 1h | 0.2218 | +0.052% | $352K | $2.8M | 25x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2220 | +0.149% | $37.6M | $49.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2218 | +0.074% | $637K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2212 | −0.218% | $43K | $150K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2219 | +0.131% | $19.8M | $14.3M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2210 | −0.294% | $39K | $465K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2212 | −0.196% | $480K | $3.7M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2213 | −0.153% | $119K | $282K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2215 | −0.063% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2217 | +0.005% | $296K | $872K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2218 | +0.072% | $5.0M | $12.8M | 50x | as long as short |
| Aevo ARB-PERP | +0.0104% | 1h | 0.2219 | +0.114% | $141K | $7K | 3x | as long as short |
| BloFin ARB-USDT | +0.0213% | 8h | 0.2218 | +0.095% | $3.1M | $2.4M | 75x | as long as short |
| Kraken Futures PF_ARBUSDshort | +0.0229% | 1h | 0.2220 | +0.184% | $1.1M | $4.5M | 50x | |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2219 | +0.116% | $837K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2217 | +0.027% | $519K | $1.6M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2217 | +0.036% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0664% | 1h | 0.2223 | +0.284% | $997K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
RISEx ARB/USDC
Bitget ARBUSDT
Gate ARB_USDT
BingX ARB-USDT
Binance ARBUSDT
Lighter ARB
Extended ARB-USD
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Aevo ARB-PERP
BloFin ARB-USDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP