ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0198%/8h= −21.7% APRnext payment −$0.25 per $10,000 · paid last 24h −0.026%

Price spread now: Kraken Futures against Pacifica−0.127%7-day average +0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$630.625% of the position

Long on Pacifica Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.183%−$18 on $10k

Price spread, last 4 days (all we have)+2.797%+$280 · spread now −0.127%, 7d avg +0.063%

Together, before fees+2.614%+ Points / potential airdropPacifica: Active · farm board+$261 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Kraken Futures is 0.189% cheaper against Pacifica than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.063%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica ARB	0.2229	0.0100	pay 0.0013% / 1h	9m 45s	$43K	$169K	10x
Short	Kraken Futures PF_ARBUSD	0.2226	−0.0098	pay 0.0012% / 1h	9m 45s	$1.1M	$4.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Pacifica. 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 PacificabpFee Kraken FuturesbpOrdersPrice spread, now −0.127%Rate

Funding earned: −$41.55
Price spread: −0.127% → +0.063%: −$18.94
Slippage, 4 orders: −$44.51
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$122.99
Costs to cover: 0.625%
Break-even: never at this rate

Slippage from Pacifica: live order book, 53 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 Pacifica live order book, 53 min ago	8.99 bp	13.6 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	10.77 bp	17.0 bp −$17	26.6 bp −$266	579.6 bp −$58.0K	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	−0.1577%	1h	0.2213	−0.731%	$40K	$372K	12x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0154%	1h	0.2226	−0.130%	$25K	$34K	25x	as long as short
OKX ARB-USDT-SWAP	−0.0142%	8h	0.2222	−0.341%	$22.4M	$150.0M	50x	as long as short
MEXC ARB_USDT	−0.0140%	8h	0.2222	−0.341%	$38.2M	$59.4M	200x	as long as short
Variational Omni ARB	−0.0140%	8h	0.2223	−0.282%	$1.9M	$2.9M	—	as long as short
01 Exchange ARBUSD	−0.0112%	1h	0.2229	−0.013%	$7K	$2K	10x	as long as short
Polymarket Perps ARB-USD	−0.0110%	1h	0.2228	−0.040%	$88K	$2.1M	10x	as long as short
Gate ARB_USDT	−0.0103%	8h	0.2223	−0.278%	$5.4M	$19.2M	60x	as long as short
Kraken Futures PF_ARBUSDshort	−0.0098%	1h	0.2226	−0.127%	$1.1M	$4.4M	50x
SoDEX ARB-USD	−0.0080%	1h	0.2225	−0.170%	$10K	$2.3M	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ARB_USDC	−0.0075%	8h	0.2227	−0.103%	$12K	$387K	10x	as long as short
Bybit ARBUSDT	−0.0074%	8h	0.2223	−0.305%	$56.6M	$125.9M	50x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2230	+0.049%	$66K	$5K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0013%	1h	0.2227	−0.089%	$11K	—	150x	as long as short
Binance ARBUSDT	+0.0024%	8h	0.2222	−0.311%	$64.9M	$306.7M	75x	as long as short
Extended ARB-USD	+0.0024%	1h	0.2221	−0.356%	$353K	$2.5M	25x	as long as short
Phemex ARBUSDT	+0.0038%	8h	0.2226	−0.148%	$5.0M	$12.9M	50x	as long as short
Bitget ARBUSDT	+0.0075%	8h	0.2221	−0.372%	$21.2M	$34.6M	50x	as long as short
BingX ARB-USDC	+0.0078%	8h	0.2221	−0.368%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2226	−0.137%	$141K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0095%	8h	0.2228	−0.063%	$3.1M	$2.6M	75x	as long as short
Lighter ARB	+0.0096%	1h	0.2226	−0.153%	$1.2M	$6.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2223	−0.274%	$38.5M	$49.1M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2227	−0.110%	$652K	$1.6M	20x	as long as short
Pacifica ARBlong	+0.0100%	1h	0.2229	long leg	$43K	$169K	10x
KuCoin ARBUSDTM	+0.0100%	8h	0.2224	−0.233%	$19.7M	$15.3M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2227	−0.123%	$40K	$460K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2229	−0.014%	$483K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2227	−0.103%	$120K	$283K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2231	+0.076%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2229	−0.013%	$303K	$939K	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2229	−0.013%	$499K	$2.0M	50x	as long as short
RISEx ARB/USDC	+0.0232%	1h	0.2230	+0.045%	$485K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2227	−0.105%	$832K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2225	−0.200%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0569%	1h	0.2228	−0.063%	$1.0M	$2.8M	20x	as long as short