Funding you earn now, next payment 11:00 UTC+0.0330%/8h= +36.1% APRnext payment +$0.41 per $10,000 · paid last 24h +0.006%
Price spread now: Pacifica against Kraken Futures+0.056%7-day average −0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$570.574% of the position
Funding, last 7 days+0.191%+$19 on $10k
+Price spread, last 4 days (all we have)−1.257%−$126 · spread now +0.056%, 7d avg −0.054%
=Together, before fees−1.066%+ Points / potential airdropPacifica: Active · farm board−$107 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Pacifica is 0.110% dearer against Kraken Futures than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.054%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.191% in total (about 9.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.41 per $10,000. 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 | 0.2190 | −0.0230 | get 0.0029% / 1h | 56m 37s | $1.1M | $4.2M | 50x |
| Short | Pacifica ARB | 0.2191 | 0.0100 | get 0.0013% / 1h | 56m 37s | $42K | $143K | 10x |
Kraken Futures PF_ARBUSD
Pacifica ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- $69.29
- Price spread: +0.056% → −0.054%
- $11.05
- Slippage, 4 orders
- −$39.37
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- $22.96
- Costs to cover
- 0.574%
- Break-even
- 4.7 days
Slippage from Kraken Futures: live order book, 5 min ago; Pacifica: live order book, 54 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, 5 min ago | 6.62 bp | 12.0 bp −$12 | 19.7 bp −$197 | 901.1 bp −$90.1K | doesn't fit |
| Sell Pacifica live order book, 54 min ago | 7.09 bp | 12.3 bp −$12 | doesn't fit | doesn't fit | 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 | −0.356% | $39K | $372K | 12x | as long as short |
| SoDEX ARB-USD | −0.0237% | 1h | 0.2189 | −0.045% | $9K | $2.2M | 5x | as long as short |
| Kraken Futures PF_ARBUSDlong | −0.0230% | 1h | 0.2190 | long leg | $1.1M | $4.2M | 50x | |
| Bybit ARBUSDT | −0.0185% | 8h | 0.2189 | −0.055% | $53.8M | $122.4M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0142% | 8h | 0.2188 | −0.064% | $22.8M | $143.1M | 50x | as long as short |
| MEXC ARB_USDT | −0.0141% | 8h | 0.2189 | −0.018% | $44.3M | $61.0M | 200x | as long as short |
| 01 Exchange ARBUSD | −0.0120% | 1h | 0.2189 | −0.032% | $7K | $414 | 10x | as long as short |
| Binance ARBUSDT | −0.0034% | 8h | 0.2189 | −0.018% | $64.0M | $289.6M | 75x | as long as short |
| Extended ARB-USD | −0.0032% | 1h | 0.2188 | −0.079% | $359K | $3.0M | 25x | as long as short |
| Variational Omni ARB | −0.0025% | 8h | 0.2186 | −0.162% | $1.8M | $2.7M | — | as long as short |
Injective ARB/USDC PERP
SoDEX ARB-USD
Bybit ARBUSDT
OKX ARB-USDT-SWAP
MEXC ARB_USDT
01 Exchange ARBUSD
Binance ARBUSDT
Extended ARB-USD
Variational Omni ARBShow all 36 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | −0.0024% | 1h | 0.2190 | +0.005% | $29K | $36K | 25x | as long as short |
| Orderly PERP_ARB_USDC | −0.0021% | 8h | 0.2189 | −0.036% | $16K | $412K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2189 | −0.014% | $64K | $3K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2190 | +0.007% | $73K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0038% | 8h | 0.2189 | −0.018% | $5.5M | $16.3M | 60x | as long as short |
| Phemex ARBUSDT | +0.0051% | 8h | 0.2189 | −0.036% | $4.7M | $12.6M | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0067% | 1h | 0.2188 | −0.059% | $73K | $1.9M | 10x | as long as short |
| Aevo ARB-PERP | +0.0072% | 1h | 0.2190 | +0.029% | $139K | $7K | 3x | as long as short |
| BloFin ARB-USDT | +0.0086% | 8h | 0.2189 | −0.018% | $3.0M | $2.1M | 75x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2191 | +0.060% | $1.3M | $5.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2192 | +0.092% | $35.7M | $50.0M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2190 | −0.009% | $626K | $1.6M | 20x | as long as short |
| Pacifica ARBshort | +0.0100% | 1h | 0.2191 | +0.056% | $42K | $143K | 10x | |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2190 | 0.000% | $19.0M | $13.4M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2190 | +0.009% | $21.0M | $33.6M | 50x | as long as short |
| BingX ARB-USDC | +0.0100% | 8h | 0.2188 | −0.059% | — | $6.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2187 | −0.149% | $40K | $468K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2189 | −0.036% | $467K | $3.4M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2190 | +0.009% | $118K | $311K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2192 | +0.101% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2189 | −0.055% | $296K | $816K | 50x | as long as short |
| Backpack ARB_USDC_PERP | +0.0194% | 1h | 0.2191 | +0.073% | $976K | $2.7M | 20x | as long as short |
| RISEx ARB/USDC | +0.0271% | 1h | 0.2190 | +0.003% | $531K | $2.4M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0279% / S −0.0162% | 1h | 0.2190 | +0.027% | $837K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2188 | −0.088% | $2K | $695 | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0424% | 1h | 0.2196 | +0.265% | $524K | $1.4M | 50x | as long as short |
Deribit ARB_USDC-PERPETUAL
Orderly PERP_ARB_USDC
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Phemex ARBUSDT
Polymarket Perps ARB-USD
Aevo ARB-PERP
BloFin ARB-USDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDC
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Backpack ARB_USDC_PERP
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Coinbase International ARB-PERP-INTX