Funding arb · Price arb /

ATH

all ATH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.3551%/8h= +388.8% APRpaid last 24h −1.312%

Price spread now: OKX against Kraken Futures−0.038%7-day average −0.201% · you buy dearer than you sell

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

Long on Kraken Futures Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.318%−$32 on $10k

Price spread, last 3 days (all we have)−0.020%−$2 · spread now −0.038%, 7d avg −0.201%

Together, before fees−0.338%−$34 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$107 a day on $10k at the current rate, and OKX is 0.163% dearer against Kraken Futures than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.201%. Mind the row above: over the last 7 days funding on this pair cost −0.318%, 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 -0.318% in total (about -16.6% 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	0.005589	−0.3505	get 0.0438% / 1h	20m 14s	$20K	$107K	10x
Short	OKX ATH-USDT-SWAP	0.005587	0.0046	get 0.0023% / 4h	2h 20m	$717K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.038%Rate

Funding earned: $745.66
Price spread: −0.038% → −0.201%: $16.34
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: $742
Costs to cover: 0.200%
Break-even: 0.0 days

Slippage unknown: Kraken Futures: live order book, 2 min ago; OKX: live order book, 1 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, 2 min ago	20.48 bp	85.6 bp −$86	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	7.14 bp	55.4 bp −$55	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	−0.3505%	1h	0.005589	long leg	$20K	$107K	10x
Variational Omni ATH	−0.0142%	4h	0.005608	+0.332%	$189K	$94K	—	as long as short
dYdX ATH-USD	0.0000%	1h	0.005630	+0.725%	$11K	$16	5x	as long as short
OKX ATH-USDT-SWAPshort	+0.0046%	4h	0.005587	−0.038%	$717K	$1.3M	20x
Aster ATHUSDT	+0.0100%	4h	0.005601	+0.214%	$7K	$34K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005596	+0.124%	$3.4M	$3.9M	50x	as long as short
Bybit ATHUSDT	+0.0100%	4h	0.005590	+0.016%	$4.5M	$2.3M	25x	as long as short
Gate ATH_USDT	+0.0100%	4h	0.005599	+0.177%	$802K	$531K	30x	as long as short
MEXC ATH_USDT	+0.0100%	4h	0.005602	+0.231%	$8.9M	$666K	50x	as long as short
KuCoin ATHUSDTM	+0.0100%	4h	0.005597	+0.141%	$562K	$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	0.005600	+0.195%	$1.6M	$805K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005600	+0.195%	—	$21.7M	—	as long as short
BloFin ATH-USDT	+0.0142%	4h	0.005632	+0.767%	$173K	$62K	75x	as long as short