Funding you earn now, next payment 11:00 UTC−0.0326%/8h= −35.7% APRpaid last 24h −0.044%
Price spread now: SoDEX against KuCoin+0.133%53s7-day average −0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$520.522% of the position
Funding, last 4 days (all we have)−0.114%−$11 on $10k
+Price spread, last 4 days (all we have)+0.629%+$63 · spread now +0.133%, 7d avg −0.032%
=The price spread pays, funding is against you. SoDEX is 0.165% dearer against KuCoin than usual: you sell high and buy low (spread +0.133% now, against its 7-day average of −0.032%): +$17 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 41 hours. At the pace of the last 4 days (−0.114% in total) that is about 5.2 days. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.114% in total (about -11.6% a year). A funding rate is set anew for every payment. 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 | KuCoin ARBUSDTM | 0.2180 | 0.0100 | pay 0.0100% / 8h | 5h 45m | $18.9M | $13.4M | 75x |
| Short | SoDEX ARB-USD | 0.2182 | −0.0226 | pay 0.0028% / 1h | 45m 25s | $9K | $2.2M | 5x |
KuCoin ARBUSDTM
SoDEX ARB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against KuCoin. 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
- −$68.48
- Price spread: +0.133% → −0.032%
- $16.51
- Slippage, 4 orders
- −$32.23
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$104.19
- Costs to cover
- 0.522%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 1 min ago; SoDEX: live order book, 2 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 KuCoin live order book, 1 min ago | 0.92 bp | 20.5 bp −$21 | 44.1 bp −$441 | doesn't fit | doesn't fit |
| Sell SoDEX live order book, 2 min ago | 0.23 bp | 5.7 bp −$6 | 20.9 bp −$209 | 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 | 0.2177 | −0.119% | $39K | $372K | 12x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0231% | 1h | 0.2183 | +0.168% | $1.1M | $4.1M | 50x | as long as short |
| SoDEX ARB-USDshort | −0.0226% | 1h | 0.2182 | +0.133% | $9K | $2.2M | 5x | |
| Bybit ARBUSDT | −0.0220% | 8h | 0.2179 | −0.037% | $53.8M | $121.6M | 50x | as long as short |
| 01 Exchange ARBUSD | −0.0152% | 1h | 0.2178 | −0.050% | $7K | $414 | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0145% | 8h | 0.2179 | −0.018% | $22.8M | $141.0M | 50x | as long as short |
| MEXC ARB_USDT | −0.0144% | 8h | 0.2178 | −0.078% | $44.2M | $61.1M | 200x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0071% | 1h | 0.2183 | +0.161% | $29K | $36K | 25x | as long as short |
| Polymarket Perps ARB-USD | −0.0050% | 1h | 0.2178 | −0.055% | $73K | $1.9M | 10x | as long as short |
| Variational Omni ARB | −0.0044% | 8h | 0.2181 | +0.082% | $1.8M | $2.6M | — | as long as short |
Injective ARB/USDC PERP
Kraken Futures PF_ARBUSD
Bybit ARBUSDT
01 Exchange ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Deribit ARB_USDC-PERPETUAL
Polymarket Perps ARB-USD
Variational Omni ARBShow all 36 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | −0.0042% | 8h | 0.2179 | −0.023% | $63.8M | $287.6M | 75x | as long as short |
| Extended ARB-USD | −0.0040% | 1h | 0.2177 | −0.107% | $362K | $3.0M | 25x | as long as short |
| Orderly PERP_ARB_USDC | −0.0017% | 8h | 0.2178 | −0.073% | $16K | $405K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2180 | +0.012% | $64K | $3K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2181 | +0.077% | $73K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0031% | 8h | 0.2178 | −0.060% | $5.4M | $16.3M | 60x | as long as short |
| Phemex ARBUSDT | +0.0060% | 8h | 0.2183 | +0.156% | $4.7M | $12.6M | 50x | as long as short |
| Aevo ARB-PERP | +0.0072% | 1h | 0.2180 | +0.018% | $138K | $7K | 3x | as long as short |
| BloFin ARB-USDT | +0.0082% | 8h | 0.2180 | +0.028% | $3.0M | $2.1M | 75x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2180 | +0.028% | $1.3M | $5.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2181 | +0.064% | $35.5M | $49.6M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2181 | +0.059% | $624K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2180 | +0.036% | $54K | $154K | 10x | as long as short |
| KuCoin ARBUSDTMlong | +0.0100% | 8h | 0.2180 | long leg | $18.9M | $13.4M | 75x | |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2179 | −0.028% | $20.9M | $33.4M | 50x | as long as short |
| BingX ARB-USDC | +0.0100% | 8h | 0.2177 | −0.110% | — | $6.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2180 | +0.029% | $40K | $467K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2181 | +0.064% | $468K | $3.3M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2182 | +0.110% | $118K | $311K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2184 | +0.202% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2183 | +0.138% | $295K | $813K | 50x | as long as short |
| Backpack ARB_USDC_PERP | +0.0135% | 1h | 0.2184 | +0.202% | $973K | $2.7M | 20x | as long as short |
| RISEx ARB/USDC | +0.0271% | 1h | 0.2180 | +0.023% | $539K | $2.4M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0282% / S −0.0167% | 1h | 0.2180 | +0.023% | $845K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2182 | +0.099% | $2K | $695 | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0424% | 1h | 0.2184 | +0.197% | $521K | $1.4M | 50x | as long as short |
Binance ARBUSDT
Extended ARB-USD
Orderly PERP_ARB_USDC
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Phemex ARBUSDT
Aevo ARB-PERP
BloFin ARB-USDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
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