Funding arb · Price arb /

ATH

all ATH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.3637%/8h= +398.3% APRpaid last 24h −1.311%

Price spread now: Gate against Kraken Futures−0.116%7-day average −0.187% · you buy dearer than you sell

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

Long on Kraken Futures Short on Gate

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)+0.078%+$8 · spread now −0.116%, 7d avg −0.187%

Together, before fees−0.206%−$21 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 Gate is 0.071% dearer against Kraken Futures than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.187%. 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	0.005537	−0.3537	get 0.0442% / 1h	44m 33s	$20K	$107K	10x
Short	Gate ATH_USDT	0.005531	0.0100	get 0.0050% / 4h	2h 44m	$792K	$524K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.116%Rate

Funding earned: $763.87
Price spread: −0.116% → −0.187%: $7.1
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $745.97
Costs to cover: 0.250%
Break-even: 0.2 days

Slippage unknown: Kraken Futures: live order book, 42 min ago; Gate: live order book, 42 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, 42 min ago	27.14 bp	83.5 bp −$84	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 42 min ago	6.34 bp	58.7 bp −$59	doesn't fit	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	−0.3537%	1h	0.005537	long leg	$20K	$107K	10x
Variational Omni ATH	−0.0262%	4h	0.005540	+0.048%	$186K	$94K	—	as long as short
OKX ATH-USDT-SWAP	−0.0018%	4h	0.005530	−0.134%	$706K	$1.2M	20x	as long as short
dYdX ATH-USD	0.0000%	1h	0.005540	+0.047%	$11K	$16	5x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005538	+0.003%	$6K	$34K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005539	+0.029%	$3.4M	$3.8M	50x	as long as short
Bybit ATHUSDT	+0.0100%	4h	0.005531	−0.116%	$4.5M	$2.3M	25x	as long as short
Gate ATH_USDTshort	+0.0100%	4h	0.005531	−0.116%	$792K	$524K	30x
MEXC ATH_USDT	+0.0100%	4h	0.005539	+0.029%	$8.8M	$660K	50x	as long as short
KuCoin ATHUSDTM	+0.0100%	4h	0.005526	−0.206%	$555K	$84K	30x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ATHUSDT	+0.0100%	4h	0.005539	+0.029%	$1.5M	$802K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005536	−0.025%	—	$21.8M	—	as long as short
BloFin ATH-USDT	+0.0103%	4h	0.005555	+0.318%	$173K	$58K	75x	as long as short