Funding you earn now, next payment 01:00 UTC+0.0184%/8h= +20.1% APRpaid last 24h +0.015%
Price spread now: Bitget against Kraken Futures−0.534%48s7-day average −0.090% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as 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−$680.684% of the position
Funding, last 7 days+0.106%+$11 on $10k
+Price spread, last 3 days (all we have)−0.125%−$12 · spread now −0.534%, 7d avg −0.090%
=Funding pays, the price is against you. Bitget is 0.444% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.534% now, against its 7-day average of −0.090%). If the spread goes back, that is −$44 on $10k: about 8.1 days of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.106% in total) that is about 29 days. The two prices were read 48 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 0.106% in total (about 5.5% 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_ARBUSD | 0.2257 | −0.0138 | get 0.0017% / 1h | 55m 32s | $1.1M | $4.9M | 50x |
| Short | Bitget ARBUSDT | 0.2245 | 0.0046 | get 0.0046% / 8h | 7h 55m | $21.1M | $36.0M | 50x |
Kraken Futures PF_ARBUSD
Bitget ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $38.61
- Price spread: −0.534% → −0.090%
- −$44.43
- Slippage, 4 orders
- −$46.45
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$74.27
- Costs to cover
- 0.684%
- Break-even
- 20.5 days
Slippage from Kraken Futures: live order book, 3 min ago; Bitget: live order book, 3 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 | 14.14 bp | 19.6 bp −$20 | 27.7 bp −$277 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 4.43 bp | 12.8 bp −$13 | 22.4 bp −$224 | 111.4 bp −$11.1K | 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 | −0.1666% | 1h | 0.2248 | −0.401% | $41K | $372K | 12x | as long as short |
| Bybit ARBUSDT | −0.0543% | 8h | 0.2247 | −0.454% | $58.0M | $127.5M | 50x | as long as short |
| Variational Omni ARB | −0.0205% | 8h | 0.2254 | −0.142% | $2.0M | $2.8M | — | as long as short |
| 01 Exchange ARBUSD | −0.0184% | 1h | 0.2245 | −0.534% | $7K | $2K | 10x | as long as short |
| SoDEX ARB-USD | −0.0176% | 1h | 0.2255 | −0.108% | $4K | $2.6M | 5x | as long as short |
| ApeX Omni ARBUSDT | −0.0163% | 1h | 0.2258 | +0.042% | $122K | $295K | 50x | as long as short |
| Kraken Futures PF_ARBUSDlong | −0.0138% | 1h | 0.2257 | long leg | $1.1M | $4.9M | 50x | |
| OKX ARB-USDT-SWAP | −0.0116% | 8h | 0.2245 | −0.512% | $22.7M | $157.5M | 50x | as long as short |
| MEXC ARB_USDT | −0.0115% | 8h | 0.2249 | −0.343% | $37.7M | $58.7M | 200x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0105% | 1h | 0.2255 | −0.091% | $25K | $34K | 25x | as long as short |
Injective ARB/USDC PERP
Bybit ARBUSDT
Variational Omni ARB
01 Exchange ARBUSD
SoDEX ARB-USD
ApeX Omni ARBUSDT
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Deribit ARB_USDC-PERPETUALShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ARB-USD | −0.0082% | 1h | 0.2247 | −0.436% | $66K | $2.0M | 10x | as long as short |
| Gate ARB_USDT | −0.0048% | 8h | 0.2247 | −0.445% | $5.4M | $19.6M | 60x | as long as short |
| Orderly PERP_ARB_USDC | −0.0042% | 8h | 0.2255 | −0.091% | $13K | $391K | 10x | as long as short |
| Binance ARBUSDT | −0.0009% | 8h | 0.2248 | −0.423% | $66.2M | $312.7M | 75x | as long as short |
| Extended ARB-USD | −0.0008% | 1h | 0.2245 | −0.520% | $359K | $2.3M | 25x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2251 | −0.261% | $67K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2254 | −0.152% | $56K | — | 150x | as long as short |
| Bitget ARBUSDTshort | +0.0046% | 8h | 0.2245 | −0.534% | $21.1M | $36.0M | 50x | |
| BingX ARB-USDC | +0.0047% | 8h | 0.2244 | −0.569% | — | $6.5M | — | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2256 | −0.060% | $147K | $3K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2252 | −0.206% | $1.4M | $7.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2254 | −0.153% | $40.7M | $47.8M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2251 | −0.284% | $699K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2252 | −0.233% | $47K | $183K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2250 | −0.312% | $19.6M | $16.1M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2257 | −0.014% | $40K | $460K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2257 | −0.002% | $485K | $3.6M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2257 | −0.002% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2256 | −0.060% | $293K | $1.0M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2257 | −0.002% | $5.1M | $13.0M | 50x | as long as short |
| BloFin ARB-USDT | +0.0113% | 8h | 0.2256 | −0.060% | $3.1M | $2.8M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0232% | 1h | 0.2256 | −0.046% | $509K | $2.3M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2244 | −0.559% | $2K | $695 | 20x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0297% / S −0.0186% | 1h | 0.2253 | −0.176% | $922K | — | 150x | as long as short |
| Backpack ARB_USDC_PERP | +0.0377% | 1h | 0.2258 | +0.033% | $1.0M | $2.8M | 20x | as long as short |
| RISEx ARB/USDC | +0.0384% | 1h | 0.2248 | −0.395% | $509K | $2.7M | 10x | as long as short |
Polymarket Perps ARB-USD
Gate ARB_USDT
Orderly PERP_ARB_USDC
Binance ARBUSDT
Extended ARB-USD
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
BingX ARB-USDC
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
GMX ARB/USD [ARB-USDC]
Backpack ARB_USDC_PERP
RISEx ARB/USDC