Funding arb · Price arb /

EGLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0285%/8h= −31.2% APRpaid last 24h +0.006%

Price spread now: Kraken Futures against KuCoin−0.239%7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$212as in the Funding arb table

Net, price: spread back to 7d avg − costs−$213as in the Price arb table

costs, in and out, $10k−$1951.953% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.168%−$17 on $10k

Price spread, last 4 days (all we have)+0.466%+$47 · spread now −0.239%, 7d avg −0.060%

Together, before fees+0.298%+$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Kraken Futures is 0.179% cheaper against KuCoin than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.060%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.168% 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	KuCoin EGLDUSDTM	4.2980	0.0100	pay 0.0100% / 8h	2h 30m	$2.8M	$1.2M	50x
Short	Kraken Futures PF_EGLDUSD	4.2877	−0.0185	pay 0.0023% / 1h	30m 52s	$441K	$723K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against KuCoin. 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 KuCoinbpFee Kraken FuturesbpOrdersPrice spread, now −0.239%Rate

Funding earned: −$59.79
Price spread: −0.239% → −0.060%: −$17.93
Slippage, 4 orders: −$173.29
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$273.01
Costs to cover: 1.953%
Break-even: never at this rate

Slippage from KuCoin: live order book, 11 min ago; Kraken Futures: live order book, 17 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 KuCoin live order book, 11 min ago	10.44 bp	54.7 bp −$55	326.5 bp −$3,265	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 17 min ago	14.95 bp	26.2 bp −$26	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	−0.0185%	1h	4.2877	−0.239%	$441K	$723K	20x
Injective EGLD/USDC PERP	+0.0033%	1h	3.6600	−14.844%	$16	$46K	5.5x	as long as short
Binance EGLDUSDT	+0.0100%	8h	4.2879	−0.235%	$4.5M	$25.2M	75x	as long as short
Bybit EGLDUSDT	+0.0100%	8h	4.2890	−0.209%	$2.6M	$8.2M	75x	as long as short
Gate EGLD_USDT	+0.0100%	8h	4.2960	−0.047%	$442K	$657K	30x	as long as short
MEXC EGLD_USDT	+0.0100%	8h	4.2890	−0.209%	$3.9M	$3.0M	125x	as long as short
KuCoin EGLDUSDTMlong	+0.0100%	8h	4.2980	long leg	$2.8M	$1.2M	50x
Bitget EGLDUSDT	+0.0100%	8h	4.2880	−0.233%	$2.2M	$3.9M	75x	as long as short
Variational Omni EGLD	+0.0100%	8h	4.2833	−0.341%	$16K	$55K	—	as long as short
BloFin EGLD-USDT	+0.0220%	8h	4.2870	−0.256%	$214K	$570K	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	+0.0321%	8h	4.2890	−0.209%	—	$2.8M	—	as long as short
OKX EGLD-USDT-SWAP	+0.0335%	8h	4.2860	−0.279%	$595K	$4.4M	20x	as long as short