Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0172%/8h= −18.8% APRpaid last 24h +0.008%

Price spread now: Bitget against Kraken Futures−0.078%7-day average −0.086% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$650.647% of the position

Long on Kraken Futures Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.086%+$9 on $10k

Price spread, last 4 days (all we have)−0.580%−$58 · spread now −0.078%, 7d avg −0.086%

Together, before fees−0.494%−$49 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.086%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.086%, 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	0.2217	0.0230	pay 0.0029% / 1h	56m 04s	$1.1M	$4.5M	50x
Short	Bitget ARBUSDT	0.2215	0.0058	get 0.0058% / 8h	1h 56m	$21.2M	$34.8M	50x

Funding 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 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 BitgetbpOrdersPrice spread, now −0.078%Rate

Funding earned: −$36.09
Price spread: −0.078% → −0.086%: $0.8
Slippage, 4 orders: −$42.7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$99.99
Costs to cover: 0.647%
Break-even: never at this rate

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	12.16 bp	20.1 bp −$20	24.3 bp −$243	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	2.25 bp	11.9 bp −$12	19.1 bp −$191	124.9 bp −$12.5K	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	0.2204	−0.575%	$40K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0270%	1h	0.2216	−0.047%	$68K	$2.1M	10x	as long as short
SoDEX ARB-USD	−0.0093%	1h	0.2215	−0.056%	$9K	$2.2M	5x	as long as short
Variational Omni ARB	−0.0083%	8h	0.2222	+0.253%	$1.8M	$3.0M	—	as long as short
OKX ARB-USDT-SWAP	−0.0066%	8h	0.2214	−0.110%	$22.1M	$146.6M	50x	as long as short
MEXC ARB_USDT	−0.0062%	8h	0.2215	−0.074%	$41.5M	$61.3M	200x	as long as short
01 Exchange ARBUSD	−0.0056%	1h	0.2218	+0.052%	$7K	$236	10x	as long as short
Orderly PERP_ARB_USDC	−0.0045%	8h	0.2216	−0.033%	$13K	$406K	10x	as long as short
Bybit ARBUSDT	−0.0036%	8h	0.2215	−0.060%	$54.6M	$126.5M	50x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0021%	1h	0.2217	+0.021%	$28K	$38K	25x	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	0.2218	+0.037%	$66K	$5K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2217	+0.028%	$44K	—	150x	as long as short
RISEx ARB/USDC	+0.0056%	1h	0.2219	+0.091%	$480K	$2.6M	10x	as long as short
Bitget ARBUSDTshort	+0.0058%	8h	0.2215	−0.078%	$21.2M	$34.8M	50x
Gate ARB_USDT	+0.0072%	8h	0.2215	−0.078%	$5.5M	$18.3M	60x	as long as short
Lighter ARB	+0.0096%	1h	0.2216	−0.020%	$1.3M	$5.5M	15x	as long as short
Extended ARB-USD	+0.0096%	1h	0.2215	−0.066%	$352K	$2.8M	25x	as long as short
Binance ARBUSDT	+0.0100%	8h	0.2216	−0.049%	$63.3M	$301.7M	75x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2217	+0.030%	$37.5M	$49.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2218	+0.039%	$636K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2218	+0.060%	$43K	$150K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2216	−0.029%	$19.7M	$14.4M	75x	as long as short
BingX ARB-USDT	+0.0100%	8h	0.2215	−0.056%	—	$53.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2214	−0.106%	$39K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2226	+0.418%	$475K	$3.7M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2225	+0.373%	$120K	$281K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2220	+0.147%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2217	+0.012%	$296K	$875K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2217	+0.012%	$5.0M	$12.8M	50x	as long as short
Aevo ARB-PERP	+0.0104%	1h	0.2218	+0.042%	$141K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0220%	8h	0.2215	−0.074%	$3.0M	$2.4M	75x	as long as short
Kraken Futures PF_ARBUSDlong	+0.0230%	1h	0.2217	long leg	$1.1M	$4.5M	50x
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2217	+0.022%	$837K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2221	+0.192%	$514K	$1.6M	50x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2216	−0.046%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0614%	1h	0.2219	+0.107%	$995K	$2.8M	20x	as long as short