Funding arb · Price arb /

EGLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.2710%/8h= −296.7% APRpaid last 24h −0.100%

Price spread now: Kraken Futures against Binance+0.233%7-day average +0.157% · you sell dearer than you buy

Net, funding: paid 7d − costs−$158as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$1151.149% of the position

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.428%−$43 on $10k

Price spread, last 3 days (all we have)+0.071%+$7 · spread now +0.233%, 7d avg +0.157%

Together, before fees−0.357%−$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.076% dearer against Binance than usual: you sell high and buy low (spread +0.233% now, against its 7-day average of +0.157%): +$8 on $10k if it goes back. Holding the pair costs −$81 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.428% in total) that is about 30 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.428% in total (about -22.3% 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	Binance EGLDUSDT	4.3631	0.0100	pay 0.0100% / 8h	7h 59m	$4.7M	$26.8M	75x
Short	Kraken Futures PF_EGLDUSD	4.3733	−0.2610	pay 0.0326% / 1h	59m 44s	$436K	$722K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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 BinancebpFee Kraken FuturesbpOrdersPrice spread, now +0.233%Rate

Funding earned: −$569.08
Price spread: +0.233% → +0.157%: $7.64
Slippage, 4 orders: −$94.9
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$676.34
Costs to cover: 1.149%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; Kraken Futures: live order book, 13 min ago.

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 Binance live order book, 12 min ago	2.31 bp	14.2 bp −$14	37.1 bp −$371	397.7 bp −$39.8K	doesn't fit
Sell Kraken Futures live order book, 13 min ago	19.63 bp	45.8 bp −$46	doesn't fit	doesn't fit	doesn't fit

EGLD on 12 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_EGLDUSDshort	−0.2610%	1h	4.3733	+0.233%	$436K	$722K	20x
Injective EGLD/USDC PERP	+0.0033%	1h	3.6600	−16.114%	$16	$46K	5.5x	as long as short
Binance EGLDUSDTlong	+0.0100%	8h	4.3631	long leg	$4.7M	$26.8M	75x
Bybit EGLDUSDT	+0.0100%	8h	4.3630	−0.002%	$2.7M	$8.7M	75x	as long as short
OKX EGLD-USDT-SWAP	+0.0100%	8h	4.3650	+0.044%	$615K	$5.2M	20x	as long as short
Gate EGLD_USDT	+0.0100%	8h	4.3700	+0.159%	$520K	$683K	30x	as long as short
MEXC EGLD_USDT	+0.0100%	8h	4.3640	+0.021%	$4.4M	$3.3M	125x	as long as short
KuCoin EGLDUSDTM	+0.0100%	8h	4.3720	+0.204%	$2.7M	$1.4M	50x	as long as short
Bitget EGLDUSDT	+0.0100%	8h	4.3670	+0.090%	$2.2M	$4.3M	75x	as long as short
BingX EGLD-USDT	+0.0100%	8h	4.3650	+0.044%	—	$2.9M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni EGLD	+0.0100%	8h	4.3619	−0.027%	$17K	$56K	—	as long as short
BloFin EGLD-USDT	+0.0220%	8h	4.3590	−0.093%	$221K	$469K	75x	as long as short