Funding you earn now, next payment 09:00 UTC−0.0082%/8h= −9.0% APRnext payment −$0.10 per $10,000 · paid last 24h −0.044%
Price spread now: Deribit against Kraken Futures+0.002%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 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 | 0.2198 | −0.0168 | get 0.0021% / 1h | 42m 25s | $1.1M | $4.3M | 50x |
| Short | Deribit ARB_USDC-PERPETUAL | 0.2198 | −0.0250 | pay 0.0031% / 1h | 42m 25s | $28K | $38K | 25x |
Kraken Futures PF_ARBUSD
Deribit ARB_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$17.24
- Price spread: +0.002% → 0.000%
- $0.16
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$34.08
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 1 min ago; Deribit: no order-book sample. Net counts fees only.
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, 1 min ago | 10.45 bp | 18.0 bp −$18 | 26.7 bp −$267 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.2190 | −0.349% | $40K | $372K | 12x | as long as short |
| Gate ARB_USDT | −0.0300% | 8h | 0.2196 | −0.085% | $5.4M | $18.1M | 60x | as long as short |
| Deribit ARB_USDC-PERPETUALshort | −0.0250% | 1h | 0.2198 | +0.002% | $28K | $38K | 25x | |
| Kraken Futures PF_ARBUSDlong | −0.0168% | 1h | 0.2198 | long leg | $1.1M | $4.3M | 50x | |
| SoDEX ARB-USD | −0.0153% | 1h | 0.2196 | −0.058% | $9K | $2.3M | 5x | as long as short |
| Bybit ARBUSDT | −0.0106% | 8h | 0.2195 | −0.144% | $53.4M | $126.0M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0076% | 8h | 0.2194 | −0.162% | $22.3M | $146.0M | 50x | as long as short |
| MEXC ARB_USDT | −0.0073% | 8h | 0.2195 | −0.121% | $43.0M | $62.8M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0040% | 8h | 0.2195 | −0.121% | $16K | $414K | 10x | as long as short |
| 01 Exchange ARBUSD | −0.0040% | 1h | 0.2197 | −0.044% | $7K | $236 | 10x | as long as short |
Injective ARB/USDC PERP
Gate ARB_USDT
SoDEX ARB-USD
Bybit ARBUSDT
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Orderly PERP_ARB_USDC
01 Exchange ARBUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2199 | +0.045% | $65K | $5K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2196 | −0.063% | $72K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0014% | 8h | 0.2196 | −0.075% | $63.4M | $299.4M | 75x | as long as short |
| Extended ARB-USD | +0.0016% | 1h | 0.2195 | −0.123% | $365K | $3.1M | 25x | as long as short |
| Variational Omni ARB | +0.0031% | 8h | 0.2198 | +0.006% | $1.8M | $3.0M | — | as long as short |
| BloFin ARB-USDT | +0.0049% | 8h | 0.2197 | −0.053% | $3.0M | $2.3M | 75x | as long as short |
| Bitget ARBUSDT | +0.0074% | 8h | 0.2194 | −0.167% | $21.0M | $34.7M | 50x | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2196 | −0.070% | $139K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2197 | −0.017% | $1.3M | $5.5M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2197 | −0.021% | $37.3M | $50.2M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2198 | +0.011% | $629K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2198 | +0.003% | $43K | $146K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2197 | −0.030% | $19.6M | $13.8M | 75x | as long as short |
| BingX ARB-USDC | +0.0100% | 8h | 0.2198 | +0.033% | — | $6.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2198 | +0.031% | $40K | $468K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2200 | +0.118% | $468K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2199 | +0.061% | $119K | $267K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2198 | +0.002% | $74K | $2.1M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2199 | +0.061% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2200 | +0.115% | $295K | $836K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2198 | +0.015% | $4.8M | $12.8M | 50x | as long as short |
| RISEx ARB/USDC | +0.0123% | 1h | 0.2197 | −0.013% | $528K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0256% | 1h | 0.2200 | +0.088% | $982K | $2.8M | 20x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0159% | 1h | 0.2196 | −0.054% | $830K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2194 | −0.147% | $2K | $695 | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0336% | 1h | 0.2206 | +0.375% | $528K | $1.6M | 50x | as long as short |
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
Variational Omni ARB
BloFin ARB-USDT
Bitget ARBUSDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
BingX ARB-USDC
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
RISEx ARB/USDC
Backpack ARB_USDC_PERP
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Coinbase International ARB-PERP-INTX