Funding arb · Price arb /

ARC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0342%/8hnext payment −$0.43 per $10,000 · paid last 24h −0.359%

Price spread now: Kraken Futures against Extended−0.311%7-day average — · you buy dearer than you sell

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

Long on Extended Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.775%+$77 on $10k

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

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

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Kraken Futures is 0.311% cheaper against Extended than usual: you would sell low and buy high (−$31 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 +0.775%, 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	Extended ARC-USD	0.07699	0.0552	pay 0.0069% / 1h	5m 11s	$30K	$118K	5x
Short	Kraken Futures PF_ARCUSD	0.07675	0.0210	get 0.0026% / 1h	5m 11s	$48K	$78K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Extended. 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 ExtendedbpFee Kraken FuturesbpOrdersPrice spread, now −0.311%Rate

Funding earned: −$71.76
Price spread: −0.311% → 0.000%: −$31.14
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$117.9
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 24 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 Extended live order book, 24 min ago	5.43 bp	91.4 bp −$91	649.3 bp −$6,493	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	0.07686	−0.174%	$42K	$2K	3x	as long as short
Gate ARC_USDT	+0.0100%	4h	0.07683	−0.212%	$3.0M	$352K	20x	as long as short
SunX ARC-USDT	+0.0100%	4h	0.07689	−0.134%	$1K	$1.5M	20x	as long as short
Kraken Futures PF_ARCUSDshort	+0.0210%	1h	0.07675	−0.311%	$48K	$78K	20x
BloFin ARC-USDT	+0.0505%	4h	0.07708	+0.113%	$1.2M	$62K	20x	as long as short
Extended ARC-USDlong	+0.0552%	1h	0.07699	long leg	$30K	$118K	5x
Binance ARCUSDT	+0.0555%	4h	0.07700	+0.009%	$23.9M	$7.3M	20x	as long as short
Bitget ARCUSDT	+0.0636%	4h	0.07704	+0.061%	$1.7M	$529K	10x	as long as short
BingX ARC-USDT	+0.0818%	4h	0.07701	+0.022%	—	$1.7M	—	as long as short
Bybit ARCUSDT	+0.0868%	4h	0.07702	+0.035%	$2.7M	$4.5M	13x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ARCUSDT	+0.1072%	4h	0.07671	−0.361%	$19K	$16K	5x	as long as short
KuCoin ARCUSDTM	+0.1412%	4h	0.07697	−0.027%	$1.2M	$1.9M	20x	as long as short