Funding arb · Price arb /

ARC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0938%/8h= +102.7% APRpaid last 24h +0.202%

Price spread now: Bitget against Kraken Futures+0.135%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−1.059%−$106 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and Bitget is 0.135% dearer against Kraken Futures than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −1.059%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ARCUSD	0.07840	−0.0094	get 0.0012% / 1h	14m 06s	$49K	$79K	20x
Short	Bitget ARCUSDT	0.07851	0.0844	get 0.0422% / 4h	2h 14m	$1.7M	$524K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Kraken Futures. 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 Kraken FuturesbpFee BitgetbpOrdersPrice spread, now +0.135%Rate

Funding earned: $197.01
Price spread: +0.135% → 0.000%: $13.47
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $188.48
Costs to cover: 0.220%
Break-even: 0.3 days

Slippage unknown: Kraken Futures: no order-book sample; Bitget: live order book, 3 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Bitget live order book, 3 min ago	8.29 bp	56.3 bp −$56	287.5 bp −$2,875	doesn't fit	doesn't fit

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
Kraken Futures PF_ARCUSDlong	−0.0094%	1h	0.07840	long leg	$49K	$79K	20x
Lighter ARC	+0.0096%	1h	0.07849	+0.113%	$43K	$2K	3x	as long as short
Gate ARC_USDT	+0.0100%	4h	0.07845	+0.058%	$3.0M	$336K	20x	as long as short
SunX ARC-USDT	+0.0100%	4h	0.07857	+0.211%	$1K	$1.5M	20x	as long as short
KuCoin ARCUSDTM	+0.0796%	4h	0.07862	+0.271%	$1.3M	$1.8M	20x	as long as short
Bitget ARCUSDTshort	+0.0844%	4h	0.07851	+0.135%	$1.7M	$524K	10x
Binance ARCUSDT	+0.0910%	4h	0.07871	+0.384%	$24.4M	$7.2M	20x	as long as short
Extended ARC-USD	+0.0912%	1h	0.07869	+0.368%	$30K	$118K	5x	as long as short
BloFin ARC-USDT	+0.0960%	4h	0.07827	−0.171%	$1.2M	$61K	20x	as long as short
Aster ARCUSDT	+0.1511%	4h	0.07854	+0.173%	$20K	$16K	5x	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	+0.2064%	4h	0.07869	+0.364%	—	$1.7M	—	as long as short
Bybit ARCUSDT	+0.2346%	4h	0.07856	+0.198%	$2.7M	$4.4M	13x	as long as short