ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0151%/8h= −16.5% APRnext payment −$0.19 per $10,000 · paid last 24h −0.007%

Price spread now: Extended against Kraken Futures−0.197%7-day average −0.163% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$700.701% of the position

Long on Kraken Futures Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 4 days (all we have)−0.466%−$47 · spread now −0.197%, 7d avg −0.163%

Together, before fees−0.414%+ Points / potential airdropExtended: Active · farm board−$41 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Extended is 0.034% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.163%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.052%, 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	0.2207	0.0231	pay 0.0029% / 1h	30m 23s	$1.1M	$4.5M	50x
Short	Extended ARB-USD	0.2203	0.0080	get 0.0010% / 1h	30m 23s	$352K	$2.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.197%Rate

Funding earned: −$31.68
Price spread: −0.197% → −0.163%: −$3.43
Slippage, 4 orders: −$55.1
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$105.21
Costs to cover: 0.701%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 3 min ago; Extended: 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	9.30 bp	17.9 bp −$18	23.6 bp −$236	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	15.90 bp	18.4 bp −$18	79.4 bp −$794	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	−0.1592%	1h	0.2191	−0.742%	$40K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0216%	1h	0.2204	−0.144%	$67K	$2.1M	10x	as long as short
SoDEX ARB-USD	−0.0106%	1h	0.2205	−0.098%	$9K	$2.2M	5x	as long as short
01 Exchange ARBUSD	−0.0104%	1h	0.2203	−0.189%	$7K	$236	10x	as long as short
MEXC ARB_USDT	−0.0082%	8h	0.2204	−0.135%	$41.7M	$61.8M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0080%	8h	0.2205	−0.089%	$22.1M	$146.0M	50x	as long as short
Variational Omni ARB	−0.0056%	8h	0.2205	−0.109%	$1.8M	$3.0M	—	as long as short
Orderly PERP_ARB_USDC	−0.0042%	8h	0.2205	−0.107%	$12K	$406K	10x	as long as short
Bybit ARBUSDT	−0.0016%	8h	0.2205	−0.085%	$54.2M	$126.5M	50x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2206	−0.070%	$65K	$5K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2206	−0.067%	$28K	$38K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2206	−0.058%	$44K	—	150x	as long as short
Gate ARB_USDT	+0.0038%	8h	0.2205	−0.085%	$5.4M	$18.4M	60x	as long as short
RISEx ARB/USDC	+0.0056%	1h	0.2205	−0.125%	$475K	$2.6M	10x	as long as short
Bitget ARBUSDT	+0.0060%	8h	0.2204	−0.153%	$21.2M	$34.8M	50x	as long as short
Binance ARBUSDT	+0.0077%	8h	0.2205	−0.085%	$62.9M	$301.8M	75x	as long as short
Extended ARB-USDshort	+0.0080%	1h	0.2203	−0.197%	$352K	$2.8M	25x
BingX ARB-USDT	+0.0083%	8h	0.2205	−0.112%	—	$53.1M	—	as long as short
Lighter ARB	+0.0096%	1h	0.2205	−0.107%	$1.2M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2206	−0.062%	$37.2M	$49.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2207	−0.035%	$633K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2205	−0.103%	$43K	$149K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2205	−0.117%	$19.6M	$14.3M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2202	−0.241%	$39K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2204	−0.153%	$479K	$3.7M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2204	−0.153%	$119K	$281K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2207	−0.017%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2205	−0.107%	$295K	$867K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2205	−0.107%	$4.9M	$12.9M	50x	as long as short
Aevo ARB-PERP	+0.0104%	1h	0.2207	−0.031%	$140K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0197%	8h	0.2205	−0.089%	$3.1M	$2.3M	75x	as long as short
Kraken Futures PF_ARBUSDlong	+0.0231%	1h	0.2207	long leg	$1.1M	$4.5M	50x
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2206	−0.047%	$833K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2208	+0.042%	$526K	$1.6M	50x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2204	−0.149%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0618%	1h	0.2210	+0.096%	$992K	$2.8M	20x	as long as short