Funding arb · Price arb /

ANIME

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0166%/8h= −18.2% APRpaid last 24h −0.119%

Price spread now: Kraken Futures against KuCoin+0.127%7-day average — · you sell dearer than you buy

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

Long on KuCoin 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

The price spread pays, funding is against you. Kraken Futures is 0.127% dearer against KuCoin than usual: you sell high and buy low (spread +0.127% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ANIMEUSDTM	0.003381	0.0100	pay 0.0050% / 4h	1h 10m	$438K	$61K	20x
Short	Kraken Futures PF_ANIMEUSD	0.003385	−0.0066	pay 0.0008% / 1h	10m 14s	$33K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against KuCoin. 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 KuCoinbpFee Kraken FuturesbpOrdersPrice spread, now +0.127%Rate

Funding earned: −$34.89
Price spread: +0.127% → 0.000%: $12.7
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$44.18
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 12 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 KuCoin live order book, 12 min ago	8.88 bp	85.9 bp −$86	doesn't fit	doesn't fit	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
Kraken Futures PF_ANIMEUSDshort	−0.0066%	1h	0.003385	+0.127%	$33K	$1K	10x
Hyperliquid ANIME	+0.0100%	1h	0.003383	+0.059%	$295K	$107K	3x	as long as short
Aster ANIMEUSDT	+0.0100%	4h	0.003382	+0.022%	$27K	$3K	5x	as long as short
Binance ANIMEUSDT	+0.0100%	4h	0.003384	+0.102%	$1.3M	$1.7M	20x	as long as short
Bybit ANIMEUSDT	+0.0100%	4h	0.003384	+0.089%	$706K	$290K	25x	as long as short
OKX ANIME-USDT-SWAP	+0.0100%	4h	0.003380	−0.030%	$433K	$554K	20x	as long as short
Gate ANIME_USDT	+0.0100%	4h	0.003377	−0.118%	$142K	$71K	25x	as long as short
MEXC ANIME_USDT	+0.0100%	4h	0.003383	+0.059%	$213K	$90K	20x	as long as short
KuCoin ANIMEUSDTMlong	+0.0100%	4h	0.003381	long leg	$438K	$61K	20x
Bitget ANIMEUSDT	+0.0100%	4h	0.003381	0.000%	$857K	$168K	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	0.003382	+0.030%	—	$6.5M	—	as long as short
Variational Omni ANIME	+0.0100%	4h	0.003382	+0.040%	$11K	$553	—	as long as short
GMX ANIME/USD [ANIME-USDC]	L +0.0497% / S −0.2017%	1h	0.003382	+0.030%	$827	—	100x	as long as short