Funding arb · Price arb /

EGLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0831%/8h= +91.0% APRpaid last 24h +0.030%

Price spread now: Binance against Kraken Futures−0.196%7-day average −0.151% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1001.001% of the position

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.510%+$51 on $10k

Price spread, last 4 days (all we have)−0.075%−$8 · spread now −0.196%, 7d avg −0.151%

Together, before fees+0.435%+$43 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.044% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.196% now, against its 7-day average of −0.151%). If the spread goes back, that is −$4 on $10k: about 4 hours of funding at the current rate (+$25 a day). At the pace of the last 7 days (+0.510% in total) that is about 15 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.510% in total (about 26.6% 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_EGLDUSD	4.3797	−0.0731	get 0.0091% / 1h	57m 27s	$438K	$563K	20x
Short	Binance EGLDUSDT	4.3712	0.0100	get 0.0100% / 8h	7h 57m	$4.5M	$19.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.196%Rate

Funding earned: $174.43
Price spread: −0.196% → −0.151%: −$4.45
Slippage, 4 orders: −$80.12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $69.87
Costs to cover: 1.001%
Break-even: 4.2 days

Slippage from Kraken Futures: live order book, 41 min ago; Binance: 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 Kraken Futures live order book, 41 min ago	13.73 bp	35.2 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	2.29 bp	17.5 bp −$17	57.4 bp −$574	313.1 bp −$31.3K	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_EGLDUSDlong	−0.0731%	1h	4.3797	long leg	$438K	$563K	20x
Injective EGLD/USDC PERP	+0.0033%	1h	3.6600	−16.433%	$16	$46K	5.5x	as long as short
Binance EGLDUSDTshort	+0.0100%	8h	4.3712	−0.196%	$4.5M	$19.2M	75x
Bybit EGLDUSDT	+0.0100%	8h	4.3690	−0.245%	$2.5M	$6.4M	75x	as long as short
Gate EGLD_USDT	+0.0100%	8h	4.3800	+0.006%	$447K	$455K	30x	as long as short
MEXC EGLD_USDT	+0.0100%	8h	4.3700	−0.222%	$4.0M	$2.3M	125x	as long as short
KuCoin EGLDUSDTM	+0.0100%	8h	4.3830	+0.075%	$2.8M	$925K	50x	as long as short
Bitget EGLDUSDT	+0.0100%	8h	4.3720	−0.177%	$2.2M	$3.1M	75x	as long as short
Variational Omni EGLD	+0.0100%	8h	4.3799	+0.004%	$16K	$54K	—	as long as short
BloFin EGLD-USDT	+0.0220%	8h	4.3790	−0.017%	$213K	$554K	75x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX EGLD-USDT	+0.0392%	8h	4.3750	−0.108%	—	$2.8M	—	as long as short
OKX EGLD-USDT-SWAP	+0.0402%	8h	4.3740	−0.131%	$595K	$3.2M	20x	as long as short