ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.040%

Price spread now: SoDEX against Kraken Futures−0.025%7-day average −0.070% · 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−$36as in the Price arb table

costs, in and out, $10k−$400.402% of the position

Long on Kraken Futures Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.082%−$8 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now −0.025%, 7d avg −0.070%

Together, before fees−0.083%−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SoDEX is 0.045% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.025% now, against its 7-day average of −0.070%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ARBUSD	0.2194	0.0093	pay 0.0012% / 1h	50m 19s	$1.1M	$4.4M	50x
Short	SoDEX ARB-USD	0.2193	0.0043	get 0.0005% / 1h	50m 19s	$9K	$2.2M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.025%Rate

Funding earned: −$10.52
Price spread: −0.025% → −0.070%: $4.45
Slippage, 4 orders: −$22.2
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$46.26
Costs to cover: 0.402%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; SoDEX: live order book, 4 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, 4 min ago	6.85 bp	14.0 bp −$14	21.4 bp −$214	doesn't fit	doesn't fit
Sell SoDEX live order book, 4 min ago	0.23 bp	5.6 bp −$6	18.2 bp −$182	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	−0.1612%	1h	0.2179	−0.672%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0152%	1h	0.2193	−0.057%	$7K	$236	10x	as long as short
MEXC ARB_USDT	−0.0088%	8h	0.2193	−0.057%	$42.3M	$61.6M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0088%	8h	0.2192	−0.062%	$22.0M	$145.0M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0039%	8h	0.2193	−0.034%	$12K	$407K	10x	as long as short
Variational Omni ARB	−0.0022%	8h	0.2193	−0.052%	$1.8M	$3.0M	—	as long as short
Bybit ARBUSDT	−0.0001%	8h	0.2192	−0.071%	$53.7M	$126.2M	50x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2194	−0.008%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2194	−0.002%	$28K	$38K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2193	−0.042%	$44K	—	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	+0.0008%	8h	0.2192	−0.071%	$62.6M	$301.4M	75x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2192	−0.077%	$349K	$3.0M	25x	as long as short
Gate ARB_USDT	+0.0018%	8h	0.2193	−0.048%	$5.4M	$18.3M	60x	as long as short
Polymarket Perps ARB-USD	+0.0023%	1h	0.2192	−0.098%	$67K	$2.1M	10x	as long as short
BloFin ARB-USDT	+0.0023%	8h	0.2192	−0.066%	$3.0M	$2.3M	75x	as long as short
SoDEX ARB-USDshort	+0.0043%	1h	0.2193	−0.025%	$9K	$2.2M	5x
RISEx ARB/USDC	+0.0069%	1h	0.2193	−0.025%	$489K	$2.6M	10x	as long as short
BingX ARB-USDC	+0.0074%	8h	0.2192	−0.103%	—	$6.5M	—	as long as short
Bitget ARBUSDT	+0.0079%	8h	0.2192	−0.080%	$21.2M	$34.7M	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2194	+0.007%	$139K	$7K	3x	as long as short
Kraken Futures PF_ARBUSDlong	+0.0093%	1h	0.2194	long leg	$1.1M	$4.4M	50x
Lighter ARB	+0.0096%	1h	0.2193	−0.030%	$1.2M	$5.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2194	+0.007%	$37.0M	$49.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2193	−0.038%	$630K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2193	−0.030%	$43K	$148K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2193	−0.034%	$19.5M	$14.2M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2189	−0.226%	$39K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2189	−0.196%	$467K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2188	−0.262%	$118K	$279K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2195	+0.057%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2192	−0.098%	$293K	$833K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2192	−0.080%	$4.8M	$12.8M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2192	−0.059%	$827K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2191	−0.114%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0336%	1h	0.2197	+0.157%	$525K	$1.5M	50x	as long as short
Backpack ARB_USDC_PERP	+0.0786%	1h	0.2197	+0.130%	$987K	$2.8M	20x	as long as short