Funding arb · Price arb /

ANIME

all ANIME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0166%/8h= +18.2% APRpaid last 24h +0.127%

Price spread now: Binance against Kraken Futures−0.139%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 Binance

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. Binance is 0.139% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.139% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 2.8 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ANIMEUSD	0.003385	−0.0066	get 0.0008% / 1h	14m 37s	$33K	$1K	10x
Short	Binance ANIMEUSDT	0.003380	0.0100	get 0.0050% / 4h	1h 14m	$1.3M	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.139%Rate

Funding earned: $34.89
Price spread: −0.139% → 0.000%: −$13.91
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $0.98
Costs to cover: 0.200%
Break-even: 6.8 days

Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 4 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 Binance live order book, 4 min ago	1.48 bp	32.3 bp −$32	189.6 bp −$1,896	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.

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
Kraken Futures PF_ANIMEUSDlong	−0.0066%	1h	0.003385	long leg	$33K	$1K	10x
Hyperliquid ANIME	+0.0100%	1h	0.003379	−0.175%	$295K	$107K	3x	as long as short
Aster ANIMEUSDT	+0.0100%	4h	0.003380	−0.139%	$27K	$3K	5x	as long as short
Binance ANIMEUSDTshort	+0.0100%	4h	0.003380	−0.139%	$1.3M	$1.7M	20x
Bybit ANIMEUSDT	+0.0100%	4h	0.003383	−0.057%	$706K	$290K	25x	as long as short
OKX ANIME-USDT-SWAP	+0.0100%	4h	0.003380	−0.145%	$437K	$556K	20x	as long as short
Gate ANIME_USDT	+0.0100%	4h	0.003376	−0.263%	$142K	$70K	25x	as long as short
MEXC ANIME_USDT	+0.0100%	4h	0.003380	−0.145%	$213K	$90K	20x	as long as short
KuCoin ANIMEUSDTM	+0.0100%	4h	0.003380	−0.145%	$436K	$60K	20x	as long as short
Bitget ANIMEUSDT	+0.0100%	4h	0.003381	−0.116%	$857K	$171K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ANIME-USDT	+0.0100%	4h	0.003381	−0.116%	—	$6.5M	—	as long as short
Variational Omni ANIME	+0.0100%	4h	0.003385	−0.002%	$11K	$553	—	as long as short
GMX ANIME/USD [ANIME-USDC]	L +0.0497% / S −0.2017%	1h	0.003382	−0.086%	$826	—	100x	as long as short