Funding you earn now, next payment 06:00 UTC−0.0058%/8h= −6.3% APRnext payment −$0.07 per $10,000 · paid last 24h −0.090%
Price spread now: Kraken Futures against Coinbase International−0.174%7-day average −0.097% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$800.800% of the position
Funding, last 7 days−0.439%−$44 on $10k
+Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.174%, 7d avg −0.097%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Kraken Futures is 0.077% cheaper against Coinbase International than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.097%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ARB-PERP-INTX | 0.2215 | 0.0288 | pay 0.0036% / 1h | 46m 24s | $518K | $1.6M | 50x |
| Short | Kraken Futures PF_ARBUSD | 0.2211 | 0.0230 | get 0.0029% / 1h | 46m 24s | $1.1M | $4.5M | 50x |
Coinbase International ARB-PERP-INTX
Kraken Futures PF_ARBUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Coinbase International. 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
- −$12.08
- Price spread: −0.174% → −0.097%
- −$7.72
- Slippage, 4 orders
- −$59.95
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$99.75
- Costs to cover
- 0.800%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 2 min ago; Kraken Futures: 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 Coinbase International live order book, 2 min ago | 6.79 bp | 23.3 bp −$23 | 70.3 bp −$703 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 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 | 0.2200 | −0.677% | $40K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0246% | 1h | 0.2208 | −0.307% | $67K | $2.1M | 10x | as long as short |
| SoDEX ARB-USD | −0.0077% | 1h | 0.2210 | −0.239% | $9K | $2.2M | 5x | as long as short |
| OKX ARB-USDT-SWAP | −0.0072% | 8h | 0.2210 | −0.239% | $22.1M | $146.6M | 50x | as long as short |
| MEXC ARB_USDT | −0.0071% | 8h | 0.2209 | −0.257% | $41.6M | $61.6M | 200x | as long as short |
| Variational Omni ARB | −0.0070% | 8h | 0.2210 | −0.231% | $1.8M | $3.0M | — | as long as short |
| 01 Exchange ARBUSD | −0.0064% | 1h | 0.2209 | −0.271% | $7K | $236 | 10x | as long as short |
| Orderly PERP_ARB_USDC | −0.0044% | 8h | 0.2210 | −0.226% | $12K | $406K | 10x | as long as short |
| Bybit ARBUSDT | −0.0026% | 8h | 0.2210 | −0.235% | $54.4M | $126.4M | 50x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2212 | −0.151% | $65K | $5K | 10x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
SoDEX ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Variational Omni ARB
01 Exchange ARBUSD
Orderly PERP_ARB_USDC
Bybit ARBUSDT
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 | 0.2211 | −0.199% | $28K | $38K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2211 | −0.197% | $44K | — | 150x | as long as short |
| RISEx ARB/USDC | +0.0056% | 1h | 0.2209 | −0.276% | $460K | $2.6M | 10x | as long as short |
| Bitget ARBUSDT | +0.0057% | 8h | 0.2209 | −0.271% | $21.2M | $34.8M | 50x | as long as short |
| Gate ARB_USDT | +0.0067% | 8h | 0.2209 | −0.257% | $5.4M | $18.3M | 60x | as long as short |
| Binance ARBUSDT | +0.0093% | 8h | 0.2210 | −0.244% | $63.2M | $302.0M | 75x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2211 | −0.194% | $1.2M | $5.5M | 15x | as long as short |
| Extended ARB-USD | +0.0096% | 1h | 0.2209 | −0.253% | $352K | $2.8M | 25x | as long as short |
| BingX ARB-USDC | +0.0096% | 8h | 0.2210 | −0.248% | — | $6.5M | — | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2211 | −0.172% | $37.4M | $49.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2211 | −0.170% | $635K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2211 | −0.181% | $43K | $150K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2210 | −0.244% | $19.7M | $14.3M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2213 | −0.104% | $39K | $464K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2209 | −0.257% | $480K | $3.7M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2212 | −0.135% | $119K | $282K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2210 | −0.226% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2210 | −0.221% | $295K | $873K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2210 | −0.226% | $5.0M | $12.9M | 50x | as long as short |
| Aevo ARB-PERP | +0.0104% | 1h | 0.2211 | −0.189% | $140K | $7K | 3x | as long as short |
| BloFin ARB-USDT | +0.0215% | 8h | 0.2209 | −0.257% | $3.1M | $2.3M | 75x | as long as short |
| Kraken Futures PF_ARBUSDshort | +0.0230% | 1h | 0.2211 | −0.174% | $1.1M | $4.5M | 50x | |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2210 | −0.223% | $834K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTXlong | +0.0288% | 1h | 0.2215 | long leg | $518K | $1.6M | 50x | |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2208 | −0.297% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0635% | 1h | 0.2215 | −0.023% | $993K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
RISEx ARB/USDC
Bitget ARBUSDT
Gate ARB_USDT
Binance ARBUSDT
Lighter ARB
Extended ARB-USD
BingX ARB-USDC
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]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP