Settings8H · net · $10k
Funding arb · Price arb /

BAT

all BAT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0619%/8h= +67.8% APRpaid last 24h +0.300%
Price spread now: KuCoin against Kraken Futures+0.002%7-day average −0.138% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−1.433%−$143 on $10k
Price spread, last 4 days (all we have)−0.193%−$19 · spread now +0.002%, 7d avg −0.138%
Together, before fees−1.626%−$163 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and KuCoin is 0.141% dearer against Kraken Futures than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.138%. Mind the row above: over the last 7 days funding on this pair cost −1.433%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_BATUSD0.08470−0.0519get 0.0065% / 1h22m 38s$116K$14K10x
ShortKuCoin BATUSDTM0.084700.0100get 0.0100% / 8h4h 22m$266K$61K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$130.05
Price spread: +0.002% → −0.138%
$14.05
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$122.11
Costs to cover
0.220%
Break-even
0.4 days
Slippage unknown: Kraken Futures: live order book, 35 min ago; KuCoin: live order book, 58 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 35 min ago21.95 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 58 min ago11.81 bp323.7 bp −$324doesn't fitdoesn't fitdoesn't fit

BAT on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_BATUSDlong−0.0519%1h0.08470long leg$116K$14K10x
BloFin BAT-USDT+0.0094%8h0.08472+0.026%$100K$26K50xas long as short
Binance BATUSDT+0.0100%8h0.08478+0.097%$1.9M$2.0M50xas long as short
Bybit BATUSDT+0.0100%8h0.08475+0.061%$1.1M$474K25xas long as short
OKX BAT-USDT-SWAP+0.0100%8h0.08456−0.163%$535K$419K20xas long as short
Gate BAT_USDT+0.0100%8h0.08463−0.080%$83K$35K25xas long as short
MEXC BAT_USDT+0.0100%8h0.08471+0.014%$829K$626K125xas long as short
KuCoin BATUSDTMshort+0.0100%8h0.08470+0.002%$266K$61K20x
Bitget BATUSDT+0.0100%8h0.08471+0.014%$679K$176K50xas long as short
BingX BAT-USDT+0.0100%8h0.08473+0.038%$1.3Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni BAT+0.0100%8h0.08453−0.193%$115K$78as long as short