Funding you earn now, next payment 01:00 UTC+0.0522%/8h= +57.2% APRnext payment +$0.65 per $10,000 · paid last 24h +0.042%
Price spread now: RISEx against Kraken Futures−0.061%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$500.500% of the position
Funding, last 3 days (all we have)+0.303%+$30 on $10k
+Price spread, last 3 days (all we have)−0.378%−$38 · spread now −0.061%, 7d avg −0.037%
=Funding pays, the price is against you. RISEx is 0.024% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.061% now, against its 7-day average of −0.037%). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$16 a day).
| 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 | 47m 45s | $1.1M | $4.9M | 50x |
| Short | RISEx ARB/USDC | 0.2242 | 0.0384 | get 0.0048% / 1h | 47m 45s | $499K | $2.7M | 10x |
Kraken Futures PF_ARBUSD
RISEx ARB/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $109.7
- Price spread: −0.061% → −0.037%
- −$2.44
- Slippage, 4 orders
- −$34
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $57.25
- Costs to cover
- 0.500%
- Break-even
- 3.3 days
Slippage from Kraken Futures: live order book, 1 min ago; RISEx: 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 | 14.04 bp | 19.4 bp −$19 | 27.1 bp −$271 | doesn't fit | doesn't fit |
| Sell RISEx live order book, 1 min ago | 0.67 bp | 3.7 bp −$4 | 14.6 bp −$146 | 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 | 0.2241 | −0.112% | $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 | 0.2241 | −0.117% | $22.5M | $157.1M | 50x | as long as short |
| MEXC ARB_USDT | −0.0117% | 8h | 0.2241 | −0.112% | $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 |
Injective ARB/USDC PERP
Bybit ARBUSDT
Variational Omni ARB
01 Exchange ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Deribit ARB_USDC-PERPETUAL
Orderly PERP_ARB_USDC
SoDEX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ARB-USD | −0.0016% | 1h | 0.2241 | −0.120% | $357K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | −0.0015% | 8h | 0.2243 | −0.038% | $66.1M | $312.4M | 75x | as long as short |
| Gate ARB_USDT | −0.0007% | 8h | 0.2243 | −0.045% | $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-USDT | +0.0045% | 8h | 0.2242 | −0.068% | — | $54.1M | — | as long as short |
| Bitget ARBUSDT | +0.0050% | 8h | 0.2242 | −0.081% | $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 | 0.2244 | −0.005% | $1.4M | $7.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2244 | +0.004% | $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 ARBUSDTM | +0.0100% | 8h | 0.2242 | −0.077% | $19.5M | $16.0M | 75x | as long as short |
| 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 | 0.2241 | −0.121% | $291K | $1.0M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2242 | −0.081% | $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 | 0.2244 | +0.008% | $506K | $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 | +0.0359% | 1h | 0.2245 | +0.053% | $1.0M | $2.8M | 20x | as long as short |
| RISEx ARB/USDCshort | +0.0384% | 1h | 0.2242 | −0.061% | $499K | $2.7M | 10x |
Extended ARB-USD
Binance ARBUSDT
Gate ARB_USDT
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
BingX ARB-USDT
Bitget ARBUSDT
Polymarket Perps ARB-USD
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
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP