Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0263%/8h= +28.8% APRpaid last 24h −0.014%

Price spread now: Gate against Kraken Futures−0.028%7-day average −0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$610.614% of the position

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 4 days (all we have)−1.303%−$130 · spread now −0.028%, 7d avg −0.072%

Together, before fees−1.261%−$126 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Gate is 0.044% dearer against Kraken Futures than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.072%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.042% in total (about 2.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ARBUSD	0.2188	−0.0230	get 0.0029% / 1h	55m 42s	$1.1M	$4.2M	50x
Short	Gate ARB_USDT	0.2188	0.0033	get 0.0033% / 8h	5h 55m	$5.5M	$16.3M	60x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.028%Rate

Funding earned: $55.26
Price spread: −0.028% → −0.072%: $4.43
Slippage, 4 orders: −$36.44
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1.76
Costs to cover: 0.614%
Break-even: 7.2 days

Slippage from Kraken Futures: live order book, 1 min ago; Gate: live order book, 1 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, 1 min ago	5.48 bp	10.5 bp −$10	18.4 bp −$184	847.4 bp −$84.7K	doesn't fit
Sell Gate live order book, 1 min ago	1.14 bp	13.6 bp −$14	28.0 bp −$280	91.3 bp −$9,125	doesn't fit

ARB on 36 exchanges

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	−0.1736%	1h	0.2182	−0.279%	$39K	$372K	12x	as long as short
SoDEX ARB-USD	−0.0236%	1h	0.2187	−0.051%	$9K	$2.2M	5x	as long as short
Kraken Futures PF_ARBUSDlong	−0.0230%	1h	0.2188	long leg	$1.1M	$4.2M	50x
Bybit ARBUSDT	−0.0194%	8h	0.2187	−0.056%	$53.8M	$122.4M	50x	as long as short
MEXC ARB_USDT	−0.0142%	8h	0.2187	−0.060%	$44.3M	$61.0M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0142%	8h	0.2187	−0.056%	$22.8M	$142.9M	50x	as long as short
01 Exchange ARBUSD	−0.0128%	1h	0.2188	−0.024%	$7K	$414	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0116%	1h	0.2188	−0.005%	$29K	$36K	25x	as long as short
Binance ARBUSDT	−0.0034%	8h	0.2188	−0.019%	$64.0M	$289.5M	75x	as long as short
Extended ARB-USD	−0.0032%	1h	0.2187	−0.074%	$359K	$3.0M	25x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ARB	−0.0030%	8h	0.2186	−0.092%	$1.8M	$2.6M	—	as long as short
Orderly PERP_ARB_USDC	−0.0021%	8h	0.2187	−0.051%	$16K	$411K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2189	+0.063%	$64K	$3K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2190	+0.084%	$73K	—	150x	as long as short
Polymarket Perps ARB-USD	+0.0032%	1h	0.2187	−0.065%	$73K	$1.9M	10x	as long as short
Gate ARB_USDTshort	+0.0033%	8h	0.2188	−0.028%	$5.5M	$16.3M	60x
Phemex ARBUSDT	+0.0043%	8h	0.2187	−0.051%	$4.7M	$12.6M	50x	as long as short
Aevo ARB-PERP	+0.0072%	1h	0.2188	−0.005%	$139K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0086%	8h	0.2189	+0.059%	$3.0M	$2.1M	75x	as long as short
Lighter ARB	+0.0096%	1h	0.2188	+0.004%	$1.3M	$5.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2190	+0.072%	$35.7M	$50.0M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2189	+0.049%	$626K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2189	+0.035%	$42K	$143K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2188	−0.014%	$19.0M	$13.4M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2187	−0.051%	$21.0M	$33.6M	50x	as long as short
BingX ARB-USDT	+0.0100%	8h	0.2187	−0.042%	—	$31.8M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2188	+0.006%	$40K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2189	+0.041%	$467K	$3.4M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2190	+0.086%	$118K	$311K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2192	+0.178%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2189	+0.036%	$296K	$816K	50x	as long as short
Backpack ARB_USDC_PERP	+0.0210%	1h	0.2190	+0.095%	$976K	$2.7M	20x	as long as short
RISEx ARB/USDC	+0.0271%	1h	0.2190	+0.079%	$531K	$2.4M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0279% / S −0.0162%	1h	0.2189	+0.026%	$836K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2187	−0.057%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0424%	1h	0.2196	+0.342%	$524K	$1.4M	50x	as long as short