Funding arb · Price arb /

ANIME

all ANIME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0141%/8h= −15.4% APRpaid last 24h +0.128%

Price spread now: Bitget against Kraken Futures+0.066%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 Bitget

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

The price spread pays, funding is against you. Bitget is 0.066% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.066% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 38 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ANIMEUSD	0.003359	0.0241	pay 0.0030% / 1h	28m 13s	$33K	$1K	10x
Short	Bitget ANIMEUSDT	0.003361	0.0100	get 0.0050% / 4h	28m 13s	$851K	$163K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$29.52
Price spread: +0.066% → 0.000%: $6.61
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$44.91
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Bitget: live order book, 27 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 Bitget live order book, 27 min ago	11.88 bp	28.3 bp −$28	180.9 bp −$1,809	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
Hyperliquid ANIME	+0.0100%	1h	0.003356	−0.083%	$292K	$100K	3x	as long as short
Aster ANIMEUSDT	+0.0100%	4h	0.003365	+0.185%	$27K	$3K	5x	as long as short
Binance ANIMEUSDT	+0.0100%	4h	0.003361	+0.052%	$1.3M	$1.7M	20x	as long as short
Bybit ANIMEUSDT	+0.0100%	4h	0.003361	+0.066%	$700K	$289K	25x	as long as short
OKX ANIME-USDT-SWAP	+0.0100%	4h	0.003354	−0.142%	$428K	$543K	20x	as long as short
Gate ANIME_USDT	+0.0100%	4h	0.003359	+0.007%	$140K	$63K	25x	as long as short
MEXC ANIME_USDT	+0.0100%	4h	0.003360	+0.036%	$212K	$89K	20x	as long as short
KuCoin ANIMEUSDTM	+0.0100%	4h	0.003362	+0.096%	$438K	$60K	20x	as long as short
Bitget ANIMEUSDTshort	+0.0100%	4h	0.003361	+0.066%	$851K	$163K	10x
BingX ANIME-USDT	+0.0100%	4h	0.003362	+0.096%	—	$6.5M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ANIME	+0.0100%	4h	0.003362	+0.108%	$11K	$553	—	as long as short
Kraken Futures PF_ANIMEUSDlong	+0.0241%	1h	0.003359	long leg	$33K	$1K	10x
GMX ANIME/USD [ANIME-USDC]	L +0.0497% / S −0.2017%	1h	0.003357	−0.053%	$820	—	100x	as long as short