Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h +0.016%

Price spread now: Kraken Futures against Gate+0.063%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$670.666% of the position

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 4 days (all we have)+2.501%+$250 · spread now +0.063%, 7d avg +0.074%

Together, before fees+2.464%+$246 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ARB_USDT	0.2186	−0.0177	get 0.0177% / 8h	7h 31m	$5.4M	$18.1M	60x
Short	Kraken Futures PF_ARBUSD	0.2187	−0.0169	pay 0.0021% / 1h	31m 36s	$1.1M	$4.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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 GatebpFee Kraken FuturesbpOrdersPrice spread, now +0.063%Rate

Funding earned: $1.74
Price spread: +0.063% → +0.074%: −$1.11
Slippage, 4 orders: −$41.57
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$65.95
Costs to cover: 0.666%
Break-even: 272.8 days

Slippage from Gate: 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 Gate live order book, 2 min ago	2.06 bp	15.6 bp −$16	30.1 bp −$301	103.9 bp −$10.4K	doesn't fit
Sell Kraken Futures live order book, 2 min ago	8.91 bp	18.2 bp −$18	25.6 bp −$256	536.6 bp −$53.7K	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	−0.1605%	1h	0.2183	−0.128%	$39K	$372K	12x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0253%	1h	0.2186	+0.014%	$28K	$38K	25x	as long as short
SoDEX ARB-USD	−0.0248%	1h	0.2185	−0.014%	$9K	$2.3M	5x	as long as short
Gate ARB_USDTlong	−0.0177%	8h	0.2186	long leg	$5.4M	$18.1M	60x
Kraken Futures PF_ARBUSDshort	−0.0169%	1h	0.2187	+0.063%	$1.1M	$4.2M	50x
OKX ARB-USDT-SWAP	−0.0093%	8h	0.2189	+0.137%	$22.2M	$145.3M	50x	as long as short
MEXC ARB_USDT	−0.0093%	8h	0.2185	−0.055%	$43.3M	$63.0M	200x	as long as short
Bybit ARBUSDT	−0.0065%	8h	0.2190	+0.183%	$53.4M	$125.7M	50x	as long as short
01 Exchange ARBUSD	−0.0056%	1h	0.2189	+0.165%	$7K	$209	10x	as long as short
Orderly PERP_ARB_USDC	−0.0039%	8h	0.2186	+0.009%	$16K	$414K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2187	+0.035%	$64K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2187	+0.071%	$73K	—	150x	as long as short
Binance ARBUSDT	+0.0015%	8h	0.2190	+0.188%	$63.3M	$298.7M	75x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2188	+0.099%	$361K	$3.1M	25x	as long as short
Variational Omni ARB	+0.0028%	8h	0.2193	+0.324%	$1.8M	$3.0M	—	as long as short
Phemex ARBUSDT	+0.0031%	8h	0.2187	+0.055%	$4.8M	$12.8M	50x	as long as short
Bitget ARBUSDT	+0.0066%	8h	0.2189	+0.146%	$21.0M	$34.6M	50x	as long as short
BingX ARB-USDT	+0.0069%	8h	0.2188	+0.114%	—	$32.8M	—	as long as short
BloFin ARB-USDT	+0.0071%	8h	0.2187	+0.073%	$3.0M	$2.3M	75x	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2178	−0.344%	$138K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2186	+0.027%	$1.3M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2192	+0.261%	$37.0M	$50.2M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2190	+0.183%	$627K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2187	+0.054%	$43K	$145K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2187	+0.059%	$19.4M	$13.7M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2187	+0.073%	$40K	$467K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2196	+0.462%	$475K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2187	+0.055%	$118K	$266K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2191	+0.238%	$73K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2189	+0.146%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2189	+0.151%	$293K	$835K	50x	as long as short
RISEx ARB/USDC	+0.0123%	1h	0.2190	+0.201%	$530K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0162%	1h	0.2188	+0.114%	$977K	$2.8M	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2187	+0.046%	$826K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2188	+0.115%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0336%	1h	0.2187	+0.055%	$524K	$1.5M	50x	as long as short