Funding arb · Price arb /

EGLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.2597%/8h= −284.3% APRpaid last 24h −0.130%

Price spread now: Kraken Futures against Bitget+0.189%7-day average +0.116% · you sell dearer than you buy

Net, funding: paid 7d − costs−$165as in the Funding arb table

Net, price: spread back to 7d avg − costs−$134as in the Price arb table

costs, in and out, $10k−$1411.413% of the position

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.236%−$24 on $10k

Price spread, last 3 days (all we have)+0.237%+$24 · spread now +0.189%, 7d avg +0.116%

Together, before fees+0.001%$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.073% dearer against Bitget than usual: you sell high and buy low (spread +0.189% now, against its 7-day average of +0.116%): +$7 on $10k if it goes back. Holding the pair costs −$78 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.236% in total) that is about 2.2 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.236% in total (about -12.3% 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	Bitget EGLDUSDT	4.4040	0.0100	pay 0.0100% / 8h	7h 39m	$2.3M	$4.3M	75x
Short	Kraken Futures PF_EGLDUSD	4.4123	−0.2497	pay 0.0312% / 1h	39m 45s	$441K	$718K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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 BitgetbpFee Kraken FuturesbpOrdersPrice spread, now +0.189%Rate

Funding earned: −$545.27
Price spread: +0.189% → +0.116%: $7.33
Slippage, 4 orders: −$119.29
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$679.23
Costs to cover: 1.413%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Kraken Futures: live order book, 33 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 Bitget live order book, 3 min ago	10.19 bp	30.1 bp −$30	83.2 bp −$832	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 33 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	−0.2497%	1h	4.4123	+0.189%	$441K	$718K	20x
Injective EGLD/USDC PERP	+0.0033%	1h	3.6600	−16.894%	$16	$46K	5.5x	as long as short
Binance EGLDUSDT	+0.0100%	8h	4.4003	−0.085%	$4.8M	$27.3M	75x	as long as short
Bybit EGLDUSDT	+0.0100%	8h	4.4010	−0.068%	$2.7M	$8.9M	75x	as long as short
OKX EGLD-USDT-SWAP	+0.0100%	8h	4.4070	+0.068%	$646K	$5.3M	20x	as long as short
Gate EGLD_USDT	+0.0100%	8h	4.4090	+0.114%	$519K	$682K	30x	as long as short
MEXC EGLD_USDT	+0.0100%	8h	4.4010	−0.068%	$4.4M	$3.4M	125x	as long as short
KuCoin EGLDUSDTM	+0.0100%	8h	4.4090	+0.114%	$2.7M	$1.4M	50x	as long as short
Bitget EGLDUSDTlong	+0.0100%	8h	4.4040	long leg	$2.3M	$4.3M	75x
BingX EGLD-USDT	+0.0100%	8h	4.4020	−0.045%	—	$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	4.4148	+0.246%	$17K	$54K	—	as long as short
BloFin EGLD-USDT	+0.0220%	8h	4.4090	+0.114%	$229K	$475K	75x	as long as short