Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0348%/8h= +38.1% APRpaid last 24h +0.019%

Price spread now: Kraken Futures against MEXC+0.108%7-day average +0.084% · 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−$35as in the Price arb table

costs, in and out, $10k−$380.379% of the position

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 3 days (all we have)+0.500%+$50 · spread now +0.108%, 7d avg +0.084%

Together, before fees+0.497%+$50 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 Kraken Futures is 0.025% dearer against MEXC than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.084%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.002% in total (about -0.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ARB_USDT	0.2272	−0.0113	get 0.0113% / 8h	40m 12s	$38.3M	$59.6M	200x
Short	Kraken Futures PF_ARBUSD	0.2275	0.0235	get 0.0029% / 1h	40m 12s	$1.2M	$4.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against MEXC. 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 MEXCbpFee Kraken FuturesbpOrdersPrice spread, now +0.108%Rate

Funding earned: $73.1
Price spread: +0.108% → +0.084%: $2.47
Slippage, 4 orders: −$27.86
Fee MEXC: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $37.71
Costs to cover: 0.379%
Break-even: 3.4 days

Slippage from MEXC: live order book, 4 min ago; Kraken Futures: 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 MEXC live order book, 4 min ago	0.22 bp	0.8 bp −$1	18.6 bp −$186	42.0 bp −$4,201	72.6 bp −$36.3K
Sell Kraken Futures live order book, 4 min ago	8.79 bp	16.9 bp −$17	20.3 bp −$203	402.7 bp −$40.3K	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	−0.1785%	1h	0.2261	−0.489%	$41K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0320%	1h	0.2273	+0.053%	$75K	$2.0M	10x	as long as short
Variational Omni ARB	−0.0184%	8h	0.2272	−0.024%	$1.9M	$2.7M	—	as long as short
Bybit ARBUSDT	−0.0164%	8h	0.2271	−0.035%	$58.4M	$129.0M	50x	as long as short
01 Exchange ARBUSD	−0.0152%	1h	0.2270	−0.075%	$7K	$2K	10x	as long as short
MEXC ARB_USDTlong	−0.0113%	8h	0.2272	long leg	$38.3M	$59.6M	200x
OKX ARB-USDT-SWAP	−0.0112%	8h	0.2272	−0.004%	$23.0M	$160.7M	50x	as long as short
SoDEX ARB-USD	−0.0065%	1h	0.2272	+0.013%	$4K	$2.6M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0041%	8h	0.2272	−0.004%	$13K	$396K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0014%	1h	0.2273	+0.057%	$26K	$32K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2272	+0.010%	$67K	$4K	10x	as long as short
Binance ARBUSDT	+0.0004%	8h	0.2272	−0.009%	$66.5M	$314.5M	75x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2274	+0.097%	$56K	—	150x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2272	−0.018%	$363K	$2.3M	25x	as long as short
BloFin ARB-USDT	+0.0015%	8h	0.2274	+0.097%	$3.2M	$2.8M	75x	as long as short
Gate ARB_USDT	+0.0018%	8h	0.2272	−0.004%	$5.5M	$20.2M	60x	as long as short
Bitget ARBUSDT	+0.0068%	8h	0.2272	−0.004%	$21.4M	$36.1M	50x	as long as short
BingX ARB-USDC	+0.0071%	8h	0.2271	−0.062%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2274	+0.088%	$149K	$12K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2274	+0.101%	$1.4M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2275	+0.145%	$41.3M	$48.0M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2273	+0.044%	$708K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2273	+0.045%	$48K	$187K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2273	+0.062%	$19.8M	$16.3M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2277	+0.206%	$40K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2272	−0.004%	$485K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2277	+0.216%	$123K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2277	+0.216%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2273	+0.022%	$290K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2272	−0.004%	$5.2M	$13.2M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0216%	1h	0.2276	+0.172%	$511K	$2.3M	50x	as long as short
Kraken Futures PF_ARBUSDshort	+0.0235%	1h	0.2275	+0.108%	$1.2M	$4.9M	50x
Reya ARBRUSDPERP	+0.0290%	1h	0.2273	+0.050%	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0296% / S −0.0186%	1h	0.2274	+0.082%	$930K	—	150x	as long as short
RISEx ARB/USDC	+0.0330%	1h	0.2273	+0.021%	$502K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0454%	1h	0.2275	+0.141%	$929K	$2.8M	20x	as long as short