Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0189%/8h= +20.7% APRpaid last 24h −0.129%

Price spread now: KuCoin against Kraken Futures−0.052%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. KuCoin is 0.052% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.052% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 22 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ALTUSD	0.007525	−0.0089	get 0.0011% / 1h	25m 31s	$44K	$8K	10x
Short	KuCoin ALTUSDTM	0.007521	0.0100	get 0.0050% / 4h	25m 31s	$149K	$21K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.052%Rate

Funding earned: $39.63
Price spread: −0.052% → 0.000%: −$5.25
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $12.39
Costs to cover: 0.220%
Break-even: 4.8 days

Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 28 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 KuCoin live order book, 28 min ago	10.60 bp	327.6 bp −$328	doesn't fit	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.

ALT on 14 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
Deribit ALT_USDC-PERPETUAL	−0.0149%	1h	0.007520	−0.066%	—	$0	25x	as long as short
Kraken Futures PF_ALTUSDlong	−0.0089%	1h	0.007525	long leg	$44K	$8K	10x
Variational Omni ALT	−0.0031%	4h	0.007512	−0.177%	$5K	$13K	—	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007381	−1.913%	$815	$4K	5.5x	as long as short
BloFin ALT-USDT	+0.0096%	4h	0.007519	−0.079%	$171K	$10K	50x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007515	−0.132%	$1.1M	$184K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007516	−0.117%	$2.6M	$3.6M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007512	−0.172%	$1.2M	$1.6M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007513	−0.159%	$51K	$412K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007517	−0.106%	$400K	$185K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ALTUSDTMshort	+0.0100%	4h	0.007521	−0.052%	$149K	$21K	30x
Bitget ALTUSDT	+0.0100%	4h	0.007514	−0.145%	$617K	$100K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007515	−0.132%	—	$1.3M	—	as long as short
Coinbase International ALT-PERP-INTX	+0.0416%	1h	0.007548	+0.306%	$14K	$3K	50x	as long as short