ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0205%/8h= −22.5% APRnext payment −$0.26 per $10,000 · paid last 24h −0.069%

Price spread now: Kraken Futures against Reya+0.129%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Kraken Futures is 0.129% dearer against Reya than usual: you sell high and buy low (spread +0.129% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ARBRUSDPERP	0.2232	0.0290	pay 0.0036% / 1h	23m 49s	$2K	$695	20x
Short	Kraken Futures PF_ARBUSD	0.2235	0.0085	get 0.0011% / 1h	23m 49s	$1.1M	$5.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Reya. 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 ReyabpFee Kraken FuturesbpOrdersPrice spread, now +0.129%Rate

Funding earned: −$43.12
Price spread: +0.129% → 0.000%: $12.94
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$46.19
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Kraken Futures: live order book, 5 min ago. Net counts fees only.

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 Reya no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 5 min ago	8.48 bp	15.1 bp −$15	25.3 bp −$253	459.6 bp −$46.0K	doesn't fit

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1770%	1h	0.2224	−0.349%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0232%	1h	0.2233	+0.041%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0191%	1h	0.2232	+0.023%	$4K	$2.8M	5x	as long as short
Variational Omni ARB	−0.0164%	8h	0.2235	+0.156%	$1.9M	$2.8M	—	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0153%	1h	0.2233	+0.072%	$26K	$32K	25x	as long as short
Bybit ARBUSDT	−0.0146%	8h	0.2233	+0.050%	$57.7M	$133.5M	50x	as long as short
Polymarket Perps ARB-USD	−0.0127%	1h	0.2233	+0.050%	$71K	$2.0M	10x	as long as short
OKX ARB-USDT-SWAP	−0.0104%	8h	0.2233	+0.077%	$22.4M	$160.8M	50x	as long as short
MEXC ARB_USDT	−0.0102%	8h	0.2234	+0.108%	$37.3M	$62.6M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0034%	8h	0.2233	+0.054%	$11K	$394K	10x	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	0.2233	+0.072%	$63.8M	$317.7M	75x	as long as short
Extended ARB-USD	−0.0008%	1h	0.2233	+0.067%	$356K	$2.4M	25x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2235	+0.131%	$66K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2235	+0.144%	$55K	—	150x	as long as short
Gate ARB_USDT	+0.0027%	8h	0.2234	+0.103%	$5.5M	$20.7M	60x	as long as short
Bitget ARBUSDT	+0.0073%	8h	0.2233	+0.054%	$20.9M	$37.3M	50x	as long as short
BingX ARB-USDC	+0.0077%	8h	0.2232	+0.014%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2234	+0.105%	$146K	$12K	3x	as long as short
Kraken Futures PF_ARBUSDshort	+0.0085%	1h	0.2235	+0.129%	$1.1M	$5.1M	50x
Lighter ARB	+0.0096%	1h	0.2234	+0.108%	$1.3M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2237	+0.233%	$40.0M	$50.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2236	+0.168%	$695K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2236	+0.185%	$44K	$193K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2234	+0.090%	$20.6M	$16.5M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2237	+0.217%	$40K	$460K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2237	+0.233%	$485K	$3.9M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2236	+0.189%	$121K	$294K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2235	+0.144%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2233	+0.050%	$276K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2233	+0.054%	$5.1M	$13.5M	50x	as long as short
BloFin ARB-USDT	+0.0111%	8h	0.2233	+0.059%	$3.0M	$3.3M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0264%	1h	0.2235	+0.144%	$505K	$2.3M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0274% / S −0.0156%	1h	0.2235	+0.134%	$838K	—	150x	as long as short
Reya ARBRUSDPERPlong	+0.0290%	1h	0.2232	long leg	$2K	$695	20x
RISEx ARB/USDC	+0.0363%	1h	0.2235	+0.138%	$494K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0616%	1h	0.2236	+0.211%	$1.1M	$2.7M	20x	as long as short