Funding arb · Price arb /

ATH

all ATH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.3619%/8h= +396.3% APRpaid last 24h −1.311%

Price spread now: Binance against Kraken Futures+0.128%7-day average −0.063% · you sell dearer than you buy

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 7 days−0.285%−$28 on $10k

Price spread, last 3 days (all we have)−0.050%−$5 · spread now +0.128%, 7d avg −0.063%

Together, before fees−0.335%−$34 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$109 a day on $10k at the current rate, and Binance is 0.190% dearer against Kraken Futures than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.063%. Mind the row above: over the last 7 days funding on this pair cost −0.285%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.285% in total (about -14.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ATHUSD	0.005567	−0.3519	get 0.0440% / 1h	32m 41s	$20K	$107K	10x
Short	Binance ATHUSDT	0.005574	0.0100	get 0.0050% / 4h	2h 32m	$3.4M	$3.8M	50x

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 +0.128%Rate

Funding earned: $759.93
Price spread: +0.128% → −0.063%: $19.03
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $758.96
Costs to cover: 0.200%
Break-even: 0.0 days

Slippage unknown: Kraken Futures: live order book, 54 min ago; 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 live order book, 54 min ago	27.14 bp	83.5 bp −$84	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	2.69 bp	27.7 bp −$28	90.9 bp −$909	doesn't fit	doesn't fit

ATH 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_ATHUSDlong	−0.3519%	1h	0.005567	long leg	$20K	$107K	10x
Variational Omni ATH	−0.0198%	4h	0.005565	−0.038%	$188K	$94K	—	as long as short
dYdX ATH-USD	0.0000%	1h	0.005577	+0.189%	$11K	$16	5x	as long as short
OKX ATH-USDT-SWAP	+0.0011%	4h	0.005566	−0.016%	$714K	$1.2M	20x	as long as short
BloFin ATH-USDT	+0.0097%	4h	0.005576	+0.163%	$172K	$58K	75x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005575	+0.146%	$7K	$34K	5x	as long as short
Binance ATHUSDTshort	+0.0100%	4h	0.005574	+0.128%	$3.4M	$3.8M	50x
Bybit ATHUSDT	+0.0100%	4h	0.005563	−0.070%	$4.5M	$2.3M	25x	as long as short
Gate ATH_USDT	+0.0100%	4h	0.005567	+0.002%	$797K	$528K	30x	as long as short
MEXC ATH_USDT	+0.0100%	4h	0.005575	+0.146%	$8.9M	$663K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ATHUSDTM	+0.0100%	4h	0.005569	+0.038%	$559K	$84K	30x	as long as short
Bitget ATHUSDT	+0.0100%	4h	0.005572	+0.092%	$1.6M	$805K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005568	+0.020%	—	$21.7M	—	as long as short