Funding arb · Price arb /

ARC

all ARC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0274%/8h= −30.0% APRpaid last 24h −0.090%

Price spread now: Kraken Futures against Bitget−0.472%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+1.229%+$123 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Kraken Futures is 0.472% cheaper against Bitget than usual: you would sell low and buy high (−$47 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.229%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ARCUSDT	0.07738	0.1038	pay 0.0519% / 4h	3h 29m	$1.7M	$513K	10x
Short	Kraken Futures PF_ARCUSD	0.07702	0.0764	get 0.0096% / 1h	29m 15s	$53K	$86K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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 BitgetbpFee Kraken FuturesbpOrdersPrice spread, now −0.472%Rate

Funding earned: −$57.48
Price spread: −0.472% → 0.000%: −$47.17
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$126.65
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 min ago; Kraken Futures: no order-book sample. 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 Bitget live order book, 3 min ago	7.11 bp	74.3 bp −$74	446.5 bp −$4,465	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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.

ARC on 12 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
Lighter ARC	+0.0096%	1h	0.07731	−0.092%	$37K	$6K	3x	as long as short
Gate ARC_USDT	+0.0100%	4h	0.07706	−0.414%	$3.0M	$214K	20x	as long as short
KuCoin ARCUSDTM	+0.0100%	4h	0.07722	−0.205%	$1.3M	$1.8M	20x	as long as short
SunX ARC-USDT	+0.0100%	4h	0.07720	−0.233%	$2K	$1.4M	20x	as long as short
Aster ARCUSDT	+0.0316%	4h	0.07726	−0.152%	$18K	$15K	5x	as long as short
BloFin ARC-USDT	+0.0599%	4h	0.07734	−0.052%	$1.2M	$39K	20x	as long as short
Binance ARCUSDT	+0.0623%	4h	0.07734	−0.052%	$24.0M	$6.7M	20x	as long as short
Extended ARC-USD	+0.0624%	1h	0.07736	−0.030%	$32K	$198K	5x	as long as short
Kraken Futures PF_ARCUSDshort	+0.0764%	1h	0.07702	−0.472%	$53K	$86K	20x
Bybit ARCUSDT	+0.0775%	4h	0.07726	−0.155%	$2.7M	$4.6M	13x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ARC-USDT	+0.0966%	4h	0.07731	−0.090%	—	$1.7M	—	as long as short
Bitget ARCUSDTlong	+0.1038%	4h	0.07738	long leg	$1.7M	$513K	10x