Funding arb · Price arb /

ANIME

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0187%/8h= +20.5% APRpaid last 24h +0.115%

Price spread now: KuCoin against Kraken Futures−0.114%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 0.114% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.114% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 2.0 days 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_ANIMEUSD	0.003446	−0.0087	get 0.0011% / 1h	14m 20s	$29K	$12K	10x
Short	KuCoin ANIMEUSDTM	0.003442	0.0100	get 0.0050% / 4h	14m 20s	$412K	$86K	20x

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 −0.114%Rate

Funding earned: $39.22
Price spread: −0.114% → 0.000%: −$11.39
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $5.84
Costs to cover: 0.220%
Break-even: 6.0 days

Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 19 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, 19 min ago	7.27 bp	73.0 bp −$73	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.

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	−0.0087%	1h	0.003446	long leg	$29K	$12K	10x
Hyperliquid ANIME	+0.0100%	1h	0.003444	−0.056%	$304K	$97K	3x	as long as short
Aster ANIMEUSDT	+0.0100%	4h	0.003443	−0.076%	$28K	$3K	5x	as long as short
Binance ANIMEUSDT	+0.0100%	4h	0.003446	+0.002%	$1.3M	$1.8M	20x	as long as short
Bybit ANIMEUSDT	+0.0100%	4h	0.003447	+0.031%	$722K	$364K	25x	as long as short
OKX ANIME-USDT-SWAP	+0.0100%	4h	0.003445	−0.027%	$444K	$724K	20x	as long as short
Gate ANIME_USDT	+0.0100%	4h	0.003440	−0.172%	$145K	$55K	25x	as long as short
MEXC ANIME_USDT	+0.0100%	4h	0.003445	−0.027%	$207K	$87K	20x	as long as short
KuCoin ANIMEUSDTMshort	+0.0100%	4h	0.003442	−0.114%	$412K	$86K	20x
Bitget ANIMEUSDT	+0.0100%	4h	0.003444	−0.056%	$862K	$158K	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	0.003445	−0.027%	—	$6.5M	—	as long as short
Variational Omni ANIME	+0.0100%	4h	0.003443	−0.071%	$12K	$753	—	as long as short
GMX ANIME/USD [ANIME-USDC]	L +0.0497% / S −0.2017%	1h	0.003443	−0.085%	$841	—	100x	as long as short