Funding arb · Price arb /

ANIME

all ANIME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0245%/8h= +26.8% APRpaid last 24h −0.130%

Price spread now: Kraken Futures against BingX−0.098%7-day average — · you buy dearer than you sell

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

Long on BingX Short on Kraken Futures

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. Kraken Futures is 0.098% cheaper against BingX than usual: you would sell low and buy high (spread −0.098% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 32 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ANIME-USDT	0.003369	0.0100	pay 0.0050% / 4h	1h 58m	—	$6.5M	—
Short	Kraken Futures PF_ANIMEUSD	0.003366	0.0345	get 0.0043% / 1h	58m 51s	$33K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BingX. 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 BingXbpFee Kraken FuturesbpOrdersPrice spread, now −0.098%Rate

Funding earned: $51.46
Price spread: −0.098% → 0.000%: −$9.79
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $21.67
Costs to cover: 0.200%
Break-even: 4.1 days

Slippage unknown: BingX: live order book, 7 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 BingX live order book, 7 min ago	2.97 bp	13.5 bp −$14	205.2 bp −$2,052	572.7 bp −$57.3K	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.

ANIME on 13 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
Hyperliquid ANIME	+0.0100%	1h	0.003374	+0.148%	$294K	$87K	3x	as long as short
Aster ANIMEUSDT	+0.0100%	4h	0.003364	−0.148%	$27K	$3K	5x	as long as short
Binance ANIMEUSDT	+0.0100%	4h	0.003367	−0.060%	$1.3M	$1.5M	20x	as long as short
Bybit ANIMEUSDT	+0.0100%	4h	0.003366	−0.089%	$694K	$266K	25x	as long as short
OKX ANIME-USDT-SWAP	+0.0100%	4h	0.003373	+0.119%	$435K	$511K	20x	as long as short
Gate ANIME_USDT	+0.0100%	4h	0.003360	−0.267%	$140K	$51K	25x	as long as short
MEXC ANIME_USDT	+0.0100%	4h	0.003365	−0.119%	$208K	$86K	20x	as long as short
KuCoin ANIMEUSDTM	+0.0100%	4h	0.003364	−0.148%	$441K	$62K	20x	as long as short
Bitget ANIMEUSDT	+0.0100%	4h	0.003368	−0.030%	$856K	$133K	10x	as long as short
BingX ANIME-USDTlong	+0.0100%	4h	0.003369	long leg	—	$6.5M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ANIME	+0.0100%	4h	0.003369	+0.011%	$11K	$553	—	as long as short
Kraken Futures PF_ANIMEUSDshort	+0.0345%	1h	0.003366	−0.098%	$33K	$1K	10x
GMX ANIME/USD [ANIME-USDC]	L +0.0497% / S −0.2017%	1h	0.003365	−0.119%	$822	—	100x	as long as short