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: Extended against Kraken Futures+0.312%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 Extended

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 for this trade now. Funding pays +$10 a day on $10k at the current rate, and Extended is 0.312% dearer against Kraken Futures than usual: you sell high and buy low: +$31 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 −0.775%, 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	0.07675	0.0210	pay 0.0026% / 1h	5m 10s	$48K	$78K	20x
Short	Extended ARC-USD	0.07699	0.0552	get 0.0069% / 1h	5m 10s	$30K	$118K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.312%Rate

Funding earned: $71.76
Price spread: +0.312% → 0.000%: $31.24
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $88
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Kraken Futures: no order-book sample; Extended: live order book, 24 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 Extended live order book, 24 min ago	5.43 bp	102.4 bp −$102	685.2 bp −$6,852	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
Lighter ARC	+0.0096%	1h	0.07686	+0.138%	$42K	$2K	3x	as long as short
Gate ARC_USDT	+0.0100%	4h	0.07683	+0.100%	$3.0M	$352K	20x	as long as short
SunX ARC-USDT	+0.0100%	4h	0.07689	+0.178%	$1K	$1.5M	20x	as long as short
Kraken Futures PF_ARCUSDlong	+0.0210%	1h	0.07675	long leg	$48K	$78K	20x
BloFin ARC-USDT	+0.0505%	4h	0.07708	+0.426%	$1.2M	$62K	20x	as long as short
Extended ARC-USDshort	+0.0552%	1h	0.07699	+0.312%	$30K	$118K	5x
Binance ARCUSDT	+0.0555%	4h	0.07700	+0.322%	$23.9M	$7.3M	20x	as long as short
Bitget ARCUSDT	+0.0636%	4h	0.07704	+0.374%	$1.7M	$529K	10x	as long as short
BingX ARC-USDT	+0.0818%	4h	0.07701	+0.335%	—	$1.7M	—	as long as short
Bybit ARCUSDT	+0.0868%	4h	0.07702	+0.348%	$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	−0.050%	$19K	$16K	5x	as long as short
KuCoin ARCUSDTM	+0.1412%	4h	0.07697	+0.285%	$1.2M	$1.9M	20x	as long as short