Funding you earn now, next payment 03:00 UTC+0.0199%/8h= +21.8% APRpaid last 24h +0.026%
Price spread now: HTX against Kraken Futures−0.023%7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$1011.006% of the position
Funding, last 7 days+0.186%+$19 on $10k
+Price spread, last 4 days (all we have)−0.176%−$18 · spread now −0.023%, 7d avg −0.068%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and HTX is 0.045% dearer against Kraken Futures than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.068%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ARBUSD | 0.2205 | −0.0099 | get 0.0012% / 1h | 1m 52s | $1.1M | $4.4M | 50x |
| Short | HTX ARB-USDT | 0.2204 | 0.0100 | get 0.0100% / 8h | 5h 01m | $300K | $939K | 50x |
Kraken Futures PF_ARBUSD
HTX ARB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- $41.75
- Price spread: −0.023% → −0.068%
- $4.53
- Slippage, 4 orders
- −$78.57
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$54.29
- Costs to cover
- 1.006%
- Break-even
- 16.1 days
Slippage from Kraken Futures: live order book, 2 min ago; HTX: live order book, 17 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, 2 min ago | 10.89 bp | 21.7 bp −$22 | 29.5 bp −$295 | doesn't fit | doesn't fit |
| Sell HTX live order book, 17 min ago | 14.97 bp | 28.0 bp −$28 | doesn't fit | 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 | −0.1577% | 1h | 0.2202 | −0.132% | $40K | $372K | 12x | as long as short |
| OKX ARB-USDT-SWAP | −0.0148% | 8h | 0.2205 | −0.018% | $22.2M | $148.6M | 50x | as long as short |
| MEXC ARB_USDT | −0.0147% | 8h | 0.2203 | −0.095% | $41.0M | $60.5M | 200x | as long as short |
| Polymarket Perps ARB-USD | −0.0143% | 1h | 0.2203 | −0.095% | $87K | $2.1M | 10x | as long as short |
| Variational Omni ARB | −0.0133% | 8h | 0.2209 | +0.173% | $1.8M | $3.0M | — | as long as short |
| 01 Exchange ARBUSD | −0.0128% | 1h | 0.2203 | −0.100% | $7K | $2K | 10x | as long as short |
| SoDEX ARB-USD | −0.0113% | 1h | 0.2204 | −0.046% | $10K | $2.3M | 5x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0113% | 1h | 0.2204 | −0.027% | $24K | $34K | 25x | as long as short |
| Gate ARB_USDT | −0.0110% | 8h | 0.2204 | −0.027% | $5.4M | $19.3M | 60x | as long as short |
| Kraken Futures PF_ARBUSDlong | −0.0099% | 1h | 0.2205 | long leg | $1.1M | $4.4M | 50x |
Injective ARB/USDC PERP
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Polymarket Perps ARB-USD
Variational Omni ARB
01 Exchange ARBUSD
SoDEX ARB-USD
Deribit ARB_USDC-PERPETUAL
Gate ARB_USDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ARB_USDC | −0.0077% | 8h | 0.2203 | −0.086% | $13K | $388K | 10x | as long as short |
| Bybit ARBUSDT | −0.0063% | 8h | 0.2205 | −0.018% | $56.0M | $125.9M | 50x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2205 | −0.007% | $65K | $5K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0012% | 1h | 0.2204 | −0.021% | $10K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0015% | 8h | 0.2205 | +0.013% | $64.3M | $306.7M | 75x | as long as short |
| Extended ARB-USD | +0.0016% | 1h | 0.2202 | −0.123% | $351K | $2.5M | 25x | as long as short |
| Phemex ARBUSDT | +0.0046% | 8h | 0.2204 | −0.041% | $5.0M | $12.9M | 50x | as long as short |
| BloFin ARB-USDT | +0.0067% | 8h | 0.2207 | +0.113% | $3.1M | $2.6M | 75x | as long as short |
| Bitget ARBUSDT | +0.0070% | 8h | 0.2204 | −0.041% | $21.0M | $34.6M | 50x | as long as short |
| BingX ARB-USDC | +0.0073% | 8h | 0.2203 | −0.086% | — | $6.5M | — | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2205 | −0.002% | $140K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2204 | −0.055% | $1.2M | $6.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2206 | +0.032% | $38.2M | $49.1M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2202 | −0.128% | $644K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2205 | +0.027% | $42K | $169K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2204 | −0.050% | $19.5M | $15.2M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2211 | +0.266% | $40K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2212 | +0.342% | $479K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2211 | +0.276% | $119K | $283K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2205 | +0.004% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDTshort | +0.0100% | 8h | 0.2204 | −0.023% | $300K | $939K | 50x | |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2209 | +0.181% | $495K | $2.0M | 50x | as long as short |
| RISEx ARB/USDC | +0.0232% | 1h | 0.2204 | −0.048% | $486K | $2.6M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2205 | −0.007% | $822K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2202 | −0.119% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0534% | 1h | 0.2206 | +0.045% | $994K | $2.8M | 20x | as long as short |
Orderly PERP_ARB_USDC
Bybit ARBUSDT
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
Phemex ARBUSDT
BloFin ARB-USDT
Bitget ARBUSDT
BingX ARB-USDC
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
Coinbase International ARB-PERP-INTX
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP