Funding arb · Price arb /

ANIME

all ANIME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0141%/8h= +15.4% APRpaid last 24h +0.130%

Price spread now: BingX against Kraken Futures−0.155%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 BingX

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. BingX is 0.155% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.155% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 3.7 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ANIMEUSD	0.003327	−0.0041	get 0.0005% / 1h	37m 14s	$33K	$1K	10x
Short	BingX ANIME-USDT	0.003322	0.0100	get 0.0050% / 4h	2h 37m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.155%Rate

Funding earned: $29.57
Price spread: −0.155% → 0.000%: −$15.46
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$5.89
Costs to cover: 0.200%
Break-even: 8.4 days

Slippage unknown: Kraken Futures: no order-book sample; BingX: live order book, 9 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 BingX live order book, 9 min ago	1.50 bp	21.5 bp −$21	189.4 bp −$1,894	688.4 bp −$68.8K	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	−0.0041%	1h	0.003327	long leg	$33K	$1K	10x
Hyperliquid ANIME	+0.0100%	1h	0.003323	−0.125%	$290K	$83K	3x	as long as short
Aster ANIMEUSDT	+0.0100%	4h	0.003325	−0.055%	$27K	$3K	5x	as long as short
Binance ANIMEUSDT	+0.0100%	4h	0.003327	+0.003%	$1.3M	$1.6M	20x	as long as short
Bybit ANIMEUSDT	+0.0100%	4h	0.003327	−0.004%	$682K	$270K	25x	as long as short
OKX ANIME-USDT-SWAP	+0.0100%	4h	0.003324	−0.094%	$425K	$509K	20x	as long as short
Gate ANIME_USDT	+0.0100%	4h	0.003318	−0.275%	$138K	$55K	25x	as long as short
MEXC ANIME_USDT	+0.0100%	4h	0.003327	−0.004%	$205K	$88K	20x	as long as short
KuCoin ANIMEUSDTM	+0.0100%	4h	0.003322	−0.155%	$435K	$58K	20x	as long as short
Bitget ANIMEUSDT	+0.0100%	4h	0.003326	−0.034%	$850K	$146K	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-USDTshort	+0.0100%	4h	0.003322	−0.155%	—	$6.5M	—
Variational Omni ANIME	+0.0100%	4h	0.003324	−0.095%	$11K	$553	—	as long as short
GMX ANIME/USD [ANIME-USDC]	L +0.0497% / S −0.2017%	1h	0.003323	−0.125%	$812	—	100x	as long as short