Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0239%/8h= +26.1% APRpaid last 24h +0.018%

Price spread now: KuCoin against Kraken Futures−0.050%7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$780.777% of the position

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.193%+$19 on $10k

Price spread, last 3 days (all we have)−0.432%−$43 · spread now −0.050%, 7d avg −0.048%

Together, before fees−0.238%−$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.048%, so right now this pair is about funding alone: +$7 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	0.2244	−0.0139	get 0.0017% / 1h	48m 17s	$1.1M	$4.9M	50x
Short	KuCoin ARBUSDTM	0.2243	0.0100	get 0.0100% / 8h	7h 48m	$19.5M	$16.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.050%Rate

Funding earned: $50.12
Price spread: −0.050% → −0.048%: −$0.17
Slippage, 4 orders: −$55.66
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$27.71
Costs to cover: 0.777%
Break-even: 10.9 days

Slippage from Kraken Futures: live order book, 6 min ago; KuCoin: live order book, 11 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, 6 min ago	8.44 bp	15.8 bp −$16	31.3 bp −$313	doesn't fit	doesn't fit
Sell KuCoin live order book, 11 min ago	1.11 bp	18.6 bp −$19	40.1 bp −$401	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	−0.1666%	1h	0.2230	−0.616%	$40K	$372K	12x	as long as short
Bybit ARBUSDT	−0.0337%	8h	0.2242	−0.077%	$57.9M	$127.4M	50x	as long as short
Variational Omni ARB	−0.0211%	8h	0.2243	−0.059%	$1.9M	$2.8M	—	as long as short
01 Exchange ARBUSD	−0.0152%	1h	0.2241	−0.117%	$7K	$2K	10x	as long as short
Kraken Futures PF_ARBUSDlong	−0.0139%	1h	0.2244	long leg	$1.1M	$4.9M	50x
OKX ARB-USDT-SWAP	−0.0119%	8h	0.2243	−0.045%	$22.5M	$157.2M	50x	as long as short
MEXC ARB_USDT	−0.0117%	8h	0.2242	−0.094%	$38.2M	$58.9M	200x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0062%	1h	0.2243	−0.041%	$25K	$34K	25x	as long as short
Orderly PERP_ARB_USDC	−0.0042%	8h	0.2243	−0.036%	$13K	$386K	10x	as long as short
SoDEX ARB-USD	−0.0031%	1h	0.2242	−0.085%	$4K	$2.6M	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ARB-USD	−0.0016%	1h	0.2242	−0.074%	$361K	$2.5M	25x	as long as short
Binance ARBUSDT	−0.0015%	8h	0.2243	−0.027%	$66.1M	$312.3M	75x	as long as short
Gate ARB_USDT	−0.0007%	8h	0.2243	−0.041%	$5.4M	$19.7M	60x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2244	+0.022%	$66K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2244	+0.008%	$55K	—	150x	as long as short
BingX ARB-USDC	+0.0045%	8h	0.2242	−0.077%	—	$6.5M	—	as long as short
Bitget ARBUSDT	+0.0050%	8h	0.2244	+0.008%	$21.2M	$36.0M	50x	as long as short
Polymarket Perps ARB-USD	+0.0061%	1h	0.2242	−0.090%	$66K	$2.0M	10x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2244	+0.008%	$142K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2245	+0.066%	$1.4M	$7.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2244	+0.008%	$40.5M	$47.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2241	−0.103%	$697K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2244	+0.017%	$44K	$187K	10x	as long as short
KuCoin ARBUSDTMshort	+0.0100%	8h	0.2243	−0.050%	$19.5M	$16.0M	75x
edgeX ARBUSDC	+0.0100%	4h	0.2248	+0.193%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2248	+0.184%	$483K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2245	+0.053%	$121K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2244	+0.008%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2242	−0.099%	$291K	$1.0M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2243	−0.036%	$5.1M	$13.0M	50x	as long as short
BloFin ARB-USDT	+0.0105%	8h	0.2243	−0.054%	$3.1M	$2.7M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0232%	1h	0.2248	+0.178%	$507K	$2.2M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0290% / S −0.0177%	1h	0.2243	−0.020%	$893K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2241	−0.115%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0338%	1h	0.2246	+0.102%	$1.0M	$2.8M	20x	as long as short
RISEx ARB/USDC	+0.0384%	1h	0.2242	−0.061%	$499K	$2.7M	10x	as long as short