Funding you earn now, next payment 05:00 UTC+0.0362%/8h= +39.7% APRnext payment +$0.45 per $10,000 · paid last 24h +0.092%
Price spread now: Coinbase International against Kraken Futures+0.102%7-day average +0.095% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$700.697% of the position
Funding, last 7 days+0.435%+$43 on $10k
+Price spread, last 4 days (all we have)+0.089%+$9 · spread now +0.102%, 7d avg +0.095%
=The price spread sits at its 7-day average of +0.095%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ARBUSD | 0.2186 | −0.0074 | get 0.0009% / 1h | 48m 25s | $1.1M | $4.4M | 50x |
| Short | Coinbase International ARB-PERP-INTX | 0.2188 | 0.0288 | get 0.0036% / 1h | 48m 25s | $502K | $1.6M | 50x |
Kraken Futures PF_ARBUSD
Coinbase International ARB-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $76.11
- Price spread: +0.102% → +0.095%
- $0.74
- Slippage, 4 orders
- −$49.7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $7.15
- Costs to cover
- 0.697%
- Break-even
- 6.3 days
Slippage from Kraken Futures: live order book, 5 min ago; Coinbase International: live order book, 5 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, 5 min ago | 8.01 bp | 16.6 bp −$17 | 25.8 bp −$258 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 7.99 bp | 18.0 bp −$18 | 38.6 bp −$386 | doesn't fit | 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 | −0.1581% | 1h | 0.2176 | −0.447% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0208% | 1h | 0.2185 | −0.044% | $7K | $236 | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0175% | 1h | 0.2184 | −0.067% | $72K | $2.1M | 10x | as long as short |
| Variational Omni ARB | −0.0100% | 8h | 0.2184 | −0.059% | $1.8M | $3.0M | — | as long as short |
| OKX ARB-USDT-SWAP | −0.0094% | 8h | 0.2184 | −0.076% | $21.7M | $142.7M | 50x | as long as short |
| MEXC ARB_USDT | −0.0094% | 8h | 0.2185 | −0.030% | $41.1M | $60.1M | 200x | as long as short |
| Bybit ARBUSDT | −0.0079% | 8h | 0.2182 | −0.168% | $54.4M | $123.8M | 50x | as long as short |
| Kraken Futures PF_ARBUSDlong | −0.0074% | 1h | 0.2186 | long leg | $1.1M | $4.4M | 50x | |
| Orderly PERP_ARB_USDC | −0.0059% | 8h | 0.2185 | −0.035% | $12K | $408K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2186 | −0.008% | $65K | $5K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Polymarket Perps ARB-USD
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Bybit ARBUSDT
Orderly PERP_ARB_USDC
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 | 0.2185 | −0.035% | $24K | $31K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2184 | −0.059% | $44K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0033% | 8h | 0.2184 | −0.071% | $5.4M | $18.1M | 60x | as long as short |
| Bitget ARBUSDT | +0.0046% | 8h | 0.2184 | −0.081% | $20.8M | $34.2M | 50x | as long as short |
| Extended ARB-USD | +0.0072% | 1h | 0.2183 | −0.138% | $348K | $2.8M | 25x | as long as short |
| BingX ARB-USDT | +0.0073% | 8h | 0.2183 | −0.103% | — | $53.7M | — | as long as short |
| Binance ARBUSDT | +0.0075% | 8h | 0.2184 | −0.102% | $62.7M | $300.4M | 75x | as long as short |
| RISEx ARB/USDC | +0.0086% | 1h | 0.2186 | +0.004% | $448K | $2.6M | 10x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2184 | −0.076% | $1.2M | $5.5M | 15x | as long as short |
| Aevo ARB-PERP | +0.0096% | 1h | 0.2185 | −0.014% | $139K | $7K | 3x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2185 | −0.012% | $36.9M | $48.5M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2186 | −0.006% | $630K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2184 | −0.076% | $42K | $160K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2185 | −0.030% | $19.5M | $14.5M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2185 | −0.014% | $39K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2187 | +0.056% | $466K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2187 | +0.057% | $118K | $283K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2188 | +0.102% | $2K | $1.1M | 30x | as long as short |
| SoDEX ARB-USD | +0.0100% | 1h | 0.2184 | −0.094% | $10K | $2.2M | 5x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2185 | −0.026% | $290K | $894K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2184 | −0.081% | $4.9M | $12.6M | 50x | as long as short |
| BloFin ARB-USDT | +0.0195% | 8h | 0.2185 | −0.039% | $3.0M | $2.5M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0277% / S −0.0160% | 1h | 0.2184 | −0.096% | $830K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTXshort | +0.0288% | 1h | 0.2188 | +0.102% | $502K | $1.6M | 50x | |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2183 | −0.132% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0699% | 1h | 0.2188 | +0.093% | $981K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Bitget ARBUSDT
Extended ARB-USD
BingX ARB-USDT
Binance ARBUSDT
RISEx ARB/USDC
Lighter ARB
Aevo ARB-PERP
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
SoDEX ARB-USD
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP