Funding arb · Price arb /

EGLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.2935%/8h= −321.4% APRpaid last 24h −0.138%

Price spread now: Kraken Futures against OKX+0.173%55s7-day average +0.176% · you sell dearer than you buy

Net, funding: paid 7d − costs−$167as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1321.316% of the position

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.355%−$36 on $10k

Price spread, last 4 days (all we have)+0.291%+$29 · spread now +0.173%, 7d avg +0.176%

Together, before fees−0.065%−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.176%, so right now this pair is about funding alone: −$88 a day on $10k at the current rate. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.355% in total (about -18.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX EGLD-USDT-SWAP	4.3310	0.0327	pay 0.0327% / 8h	4h 50m	$577K	$2.5M	20x
Short	Kraken Futures PF_EGLDUSD	4.3385	−0.2608	pay 0.0326% / 1h	50m 20s	$429K	$453K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 OKXbpFee Kraken FuturesbpOrdersPrice spread, now +0.173%Rate

Funding earned: −$616.3
Price spread: +0.173% → +0.176%: −$0.24
Slippage, 4 orders: −$111.59
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$748.14
Costs to cover: 1.316%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Kraken Futures: live order book, 56 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 OKX live order book, 5 min ago	4.58 bp	22.8 bp −$23	1693.0 bp −$16.9K	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 56 min ago	14.74 bp	41.5 bp −$42	doesn't fit	doesn't fit	doesn't fit

EGLD on 12 exchanges

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	−0.2608%	1h	4.3385	+0.173%	$429K	$453K	20x
Injective EGLD/USDC PERP	+0.0033%	1h	3.6600	−15.493%	$16	$46K	5.5x	as long as short
Binance EGLDUSDT	+0.0100%	8h	4.3362	+0.120%	$4.5M	$16.4M	75x	as long as short
Bybit EGLDUSDT	+0.0100%	8h	4.3360	+0.115%	$2.5M	$5.5M	75x	as long as short
Gate EGLD_USDT	+0.0100%	8h	4.3390	+0.185%	$439K	$275K	30x	as long as short
MEXC EGLD_USDT	+0.0100%	8h	4.3380	+0.162%	$4.4M	$2.3M	125x	as long as short
KuCoin EGLDUSDTM	+0.0100%	8h	4.3380	+0.162%	$2.8M	$740K	50x	as long as short
Bitget EGLDUSDT	+0.0100%	8h	4.3340	+0.069%	$2.2M	$2.6M	75x	as long as short
Variational Omni EGLD	+0.0100%	8h	4.3284	−0.061%	$16K	$53K	—	as long as short
BloFin EGLD-USDT	+0.0220%	8h	4.3350	+0.092%	$213K	$545K	75x	as long as short

Show all 12 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX EGLD-USDT	+0.0320%	8h	4.3360	+0.115%	—	$2.7M	—	as long as short
OKX EGLD-USDT-SWAPlong	+0.0327%	8h	4.3310	long leg	$577K	$2.5M	20x