Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h −0.001%

Price spread now: Binance against Kraken Futures−0.114%7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$540.536% of the position

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 3 days (all we have)−0.722%−$72 · spread now −0.114%, 7d avg −0.066%

Together, before fees−0.654%−$65 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.048% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.066%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.068%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ARBUSD	0.2257	0.0084	pay 0.0011% / 1h	6m 15s	$1.1M	$5.1M	50x
Short	Binance ARBUSDT	0.2254	−0.0003	pay 0.0003% / 8h	1h 06m	$64.8M	$315.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 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 Kraken FuturesbpFee BinancebpOrdersPrice spread, now −0.114%Rate

Funding earned: −$18.38
Price spread: −0.114% → −0.066%: −$4.82
Slippage, 4 orders: −$33.58
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$76.78
Costs to cover: 0.536%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 3 min ago; Binance: live order book, 7 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, 3 min ago	10.66 bp	15.9 bp −$16	19.5 bp −$195	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	0.22 bp	7.4 bp −$7	18.4 bp −$184	72.3 bp −$7,230	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	−0.1770%	1h	0.2236	−0.920%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0232%	1h	0.2254	−0.109%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0194%	1h	0.2254	−0.118%	$4K	$2.7M	5x	as long as short
Variational Omni ARB	−0.0171%	8h	0.2243	−0.594%	$1.9M	$2.7M	—	as long as short
Bybit ARBUSDT	−0.0156%	8h	0.2253	−0.180%	$58.2M	$131.7M	50x	as long as short
Polymarket Perps ARB-USD	−0.0130%	1h	0.2255	−0.087%	$67K	$2.0M	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0105%	1h	0.2256	−0.056%	$26K	$32K	25x	as long as short
OKX ARB-USDT-SWAP	−0.0099%	8h	0.2253	−0.162%	$22.6M	$160.4M	50x	as long as short
MEXC ARB_USDT	−0.0098%	8h	0.2253	−0.149%	$37.4M	$63.0M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0040%	8h	0.2255	−0.078%	$10K	$394K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDTshort	−0.0003%	8h	0.2254	−0.114%	$64.8M	$315.3M	75x
dYdX ARB-USD	0.0000%	1h	0.2253	−0.179%	$67K	$4K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2254	−0.127%	$358K	$2.3M	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2256	−0.035%	$56K	—	150x	as long as short
Gate ARB_USDT	+0.0042%	8h	0.2252	−0.193%	$5.5M	$20.7M	60x	as long as short
BingX ARB-USDT	+0.0066%	8h	0.2251	−0.246%	—	$53.3M	—	as long as short
Bitget ARBUSDT	+0.0068%	8h	0.2251	−0.255%	$21.3M	$37.0M	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2256	−0.014%	$148K	$12K	3x	as long as short
Kraken Futures PF_ARBUSDlong	+0.0084%	1h	0.2257	long leg	$1.1M	$5.1M	50x
Lighter ARB	+0.0096%	1h	0.2256	−0.051%	$1.4M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2254	−0.113%	$40.3M	$48.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2255	−0.076%	$702K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2253	−0.153%	$45K	$192K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2254	−0.104%	$20.8M	$16.4M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2245	−0.519%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2248	−0.387%	$488K	$3.8M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2248	−0.388%	$121K	$294K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2257	+0.011%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2254	−0.122%	$278K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2256	−0.034%	$5.2M	$13.3M	50x	as long as short
BloFin ARB-USDT	+0.0116%	8h	0.2252	−0.211%	$3.0M	$3.3M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0264%	1h	0.2254	−0.122%	$508K	$2.3M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0274% / S −0.0156%	1h	0.2256	−0.023%	$846K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2255	−0.092%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0363%	1h	0.2256	−0.034%	$500K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0639%	1h	0.2257	−0.002%	$1.1M	$2.7M	20x	as long as short