Funding arb · Price arb /

EGLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0948%/8h= +103.8% APRpaid last 24h +0.126%

Price spread now: BloFin against Kraken Futures−0.001%7-day average −0.144% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$990.985% of the position

Long on Kraken Futures Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.537%+$54 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now −0.001%, 7d avg −0.144%

Together, before fees+0.593%+$59 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and BloFin is 0.143% 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 −0.144%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.537% in total (about 28.0% 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	4.3961	−0.0728	get 0.0091% / 1h	45m 11s	$434K	$568K	20x
Short	BloFin EGLD-USDT	4.3960	0.0220	get 0.0220% / 8h	7h 45m	$214K	$556K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.001%Rate

Funding earned: $199.06
Price spread: −0.001% → −0.144%: $14.3
Slippage, 4 orders: −$76.53
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $114.84
Costs to cover: 0.985%
Break-even: 3.0 days

Slippage from Kraken Futures: live order book, 53 min ago; BloFin: live order book, 31 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, 53 min ago	13.73 bp	35.2 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 31 min ago	2.29 bp	11.6 bp −$12	27.2 bp −$272	140.8 bp −$14.1K	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	−0.0728%	1h	4.3961	long leg	$434K	$568K	20x
Injective EGLD/USDC PERP	+0.0033%	1h	3.6600	−16.744%	$16	$46K	5.5x	as long as short
Binance EGLDUSDT	+0.0100%	8h	4.3936	−0.055%	$4.5M	$19.0M	75x	as long as short
Bybit EGLDUSDT	+0.0100%	8h	4.3930	−0.070%	$2.5M	$6.4M	75x	as long as short
Gate EGLD_USDT	+0.0100%	8h	4.4020	+0.135%	$449K	$456K	30x	as long as short
MEXC EGLD_USDT	+0.0100%	8h	4.3940	−0.047%	$4.1M	$2.3M	125x	as long as short
KuCoin EGLDUSDTM	+0.0100%	8h	4.4030	+0.158%	$2.9M	$924K	50x	as long as short
Bitget EGLDUSDT	+0.0100%	8h	4.3940	−0.047%	$2.2M	$3.1M	75x	as long as short
Variational Omni EGLD	+0.0100%	8h	4.3938	−0.052%	$17K	$54K	—	as long as short
BloFin EGLD-USDTshort	+0.0220%	8h	4.3960	−0.001%	$214K	$556K	75x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX EGLD-USDT	+0.0382%	8h	4.3990	+0.067%	—	$2.8M	—	as long as short
OKX EGLD-USDT-SWAP	+0.0409%	8h	4.3940	−0.047%	$598K	$3.1M	20x	as long as short