Funding arb · Price arb /

ATH

all ATH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.3284%/8h= +359.5% APRpaid last 24h −1.122%

Price spread now: Bitget against Kraken Futures+0.079%7-day average −0.101% · 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 7 days−0.162%−$16 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now +0.079%, 7d avg −0.101%

Together, before fees−0.138%−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$99 a day on $10k at the current rate, and Bitget is 0.180% dearer against Kraken Futures than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.101%. Mind the row above: over the last 7 days funding on this pair cost −0.162%, 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 -0.162% in total (about -8.5% 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	0.005540	−0.3184	get 0.0398% / 1h	16m 05s	$19K	$106K	10x
Short	Bitget ATHUSDT	0.005544	0.0100	get 0.0050% / 4h	1h 16m	$1.6M	$849K	25x

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 +0.079%Rate

Funding earned: $689.55
Price spread: +0.079% → −0.101%: $17.99
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $685.54
Costs to cover: 0.220%
Break-even: 0.0 days

Slippage unknown: Kraken Futures: live order book, 46 min ago; Bitget: live order book, 6 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, 46 min ago	16.38 bp	81.3 bp −$81	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 6 min ago	7.24 bp	31.2 bp −$31	99.1 bp −$991	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	−0.3184%	1h	0.005540	long leg	$19K	$106K	10x
Variational Omni ATH	−0.0097%	4h	0.005536	−0.058%	$186K	$93K	—	as long as short
dYdX ATH-USD	0.0000%	1h	0.005540	+0.007%	$11K	$57	5x	as long as short
BloFin ATH-USDT	+0.0048%	4h	0.005514	−0.463%	$168K	$72K	75x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005550	+0.193%	$5K	$41K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005547	+0.132%	$3.3M	$4.2M	50x	as long as short
Bybit ATHUSDT	+0.0100%	4h	0.005537	−0.048%	$4.4M	$2.5M	25x	as long as short
OKX ATH-USDT-SWAP	+0.0100%	4h	0.005540	+0.007%	$709K	$1.3M	20x	as long as short
Gate ATH_USDT	+0.0100%	4h	0.005538	−0.030%	$792K	$567K	30x	as long as short
MEXC ATH_USDT	+0.0100%	4h	0.005549	+0.169%	$9.0M	$630K	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	0.005542	+0.043%	$561K	$77K	30x	as long as short
Bitget ATHUSDTshort	+0.0100%	4h	0.005544	+0.079%	$1.6M	$849K	25x
BingX ATH-USDT	+0.0100%	4h	0.005541	+0.025%	—	$21.7M	—	as long as short