Funding arb · Price arb /

MOG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0539%/8h= −59.0% APRpaid last 24h −0.060%

Price spread now: Binance against Kraken Futures+0.093%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.507%−$51 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Binance is 0.093% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.093% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.507% in total) that is about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_MOGUSD	0.0000001221	0.0639	pay 0.0080% / 1h	9m 45s	$49K	$41K	10x
Short	Binance 1000000MOGUSDT	0.0000001222	0.0100	get 0.0050% / 4h	3h 09m	$1.2M	$3.8M	50x

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 +0.093%Rate

Funding earned: −$113.11
Price spread: +0.093% → 0.000%: $9.26
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$123.85
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 12 min ago. Net counts fees only.

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 no order-book sample	—	—	—	—	—
Sell Binance live order book, 12 min ago	4.11 bp	27.3 bp −$27	203.8 bp −$2,038	doesn't fit	doesn't fit

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MOG 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
Deribit 1000MOG_USDC-PERPETUAL	−0.3010%	1h	0.0000001223	+0.197%	$32K	$30K	10x	as long as short
BloFin 1000000MOG-USDT	+0.0076%	4h	0.0000001217	−0.295%	$76K	$17K	50x	as long as short
Binance 1000000MOGUSDTshort	+0.0100%	4h	0.0000001222	+0.093%	$1.2M	$3.8M	50x
Gate MOG_USDT	+0.0100%	4h	0.0000001219	−0.131%	$447K	$341K	25x	as long as short
MEXC 1000000MOG_USDT	+0.0100%	4h	0.0000001221	+0.033%	$739K	$216K	100x	as long as short
Bitget 1000000MOGUSDT	+0.0100%	4h	0.0000001220	−0.049%	$344K	$162K	50x	as long as short
BingX 1000000MOG-USDT	+0.0326%	4h	0.0000001221	+0.033%	—	$1.4M	—	as long as short
Variational Omni 1000000MOG	+0.0401%	4h	0.0000001220	−0.025%	$5K	$11K	—	as long as short
Bybit 1000000MOGUSDT	+0.0404%	4h	0.0000001224	+0.311%	$1.7M	$2.3M	50x	as long as short
Kraken Futures PF_MOGUSDlong	+0.0639%	1h	0.0000001221	long leg	$49K	$41K	10x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin 1000000MOGUSDTM	+0.1554%	4h	0.0000001223	+0.197%	$679K	$149K	30x	as long as short
Coinbase International 1000MOG-PERP-INTX	+0.2208%	1h	0.0000001205	−1.278%	$66K	$10K	25x	as long as short