Funding you earn now, next payment 23:00 UTC+0.1595%/8h= +174.7% APRpaid last 24h −0.061%
Price spread now: Bitget against Kraken Futures−0.149%7-day average −0.114% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$1031.029% of the position
Funding, last 7 days+0.167%+$17 on $10k
+Price spread, last 3 days (all we have)−0.259%−$26 · spread now −0.149%, 7d avg −0.114%
=Funding pays, the price is against you. Bitget is 0.035% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.149% now, against its 7-day average of −0.114%). If the spread goes back, that is −$4 on $10k: about 2 hours of funding at the current rate (+$48 a day). At the pace of the last 7 days (+0.167% in total) that is about 35 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.167% in total (about 8.7% 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 | 4.2794 | −0.1495 | get 0.0187% / 1h | 38m 45s | $425K | $696K | 20x |
| Short | Bitget EGLDUSDT | 4.2730 | 0.0100 | get 0.0100% / 8h | 1h 38m | $2.2M | $4.2M | 75x |
Kraken Futures PF_EGLDUSD
Bitget EGLDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $335.02
- Price spread: −0.149% → −0.114%
- −$3.51
- Slippage, 4 orders
- −$80.89
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $228.62
- Costs to cover
- 1.029%
- Break-even
- 2.2 days
Slippage from Kraken Futures: live order book, 44 min ago; Bitget: live order book, 4 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, 44 min ago | 10.48 bp | 27.9 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 8.19 bp | 26.5 bp −$27 | 71.1 bp −$711 | 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_EGLDUSDlong | −0.1495% | 1h | 4.2794 | long leg | $425K | $696K | 20x | |
| Injective EGLD/USDC PERP | +0.0033% | 1h | 3.6600 | −14.473% | $16 | $46K | 5.5x | as long as short |
| KuCoin EGLDUSDTM | +0.0072% | 8h | 4.2820 | +0.062% | $2.5M | $1.3M | 50x | as long as short |
| Binance EGLDUSDT | +0.0100% | 8h | 4.2717 | −0.179% | $4.6M | $26.6M | 75x | as long as short |
| Bybit EGLDUSDT | +0.0100% | 8h | 4.2740 | −0.125% | $2.6M | $8.7M | 75x | as long as short |
| OKX EGLD-USDT-SWAP | +0.0100% | 8h | 4.2740 | −0.125% | $597K | $5.0M | 20x | as long as short |
| Gate EGLD_USDT | +0.0100% | 8h | 4.2880 | +0.202% | $513K | $678K | 30x | as long as short |
| MEXC EGLD_USDT | +0.0100% | 8h | 4.2710 | −0.195% | $4.3M | $3.5M | 125x | as long as short |
| Bitget EGLDUSDTshort | +0.0100% | 8h | 4.2730 | −0.149% | $2.2M | $4.2M | 75x | |
| BingX EGLD-USDT | +0.0100% | 8h | 4.2780 | −0.032% | — | $2.9M | — | as long as short |
Injective EGLD/USDC PERP
KuCoin EGLDUSDTM
Binance EGLDUSDT
Bybit EGLDUSDT
OKX EGLD-USDT-SWAP
Gate EGLD_USDT
MEXC EGLD_USDT
BingX EGLD-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni EGLD | +0.0100% | 8h | 4.2755 | −0.090% | $17K | $56K | — | as long as short |
| BloFin EGLD-USDT | +0.0220% | 8h | 4.2850 | +0.132% | $221K | $471K | 75x | as long as short |
Variational Omni EGLD
BloFin EGLD-USDT