Funding arb · Price arb /

POWR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0186%/8h= +20.3% APRpaid last 24h −0.066%

Price spread now: Kraken Futures against Gate+0.400%51s7-day average — · you sell dearer than you buy

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

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Kraken Futures is 0.400% dearer against Gate than usual: you sell high and buy low: +$40 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate POWR_USDT	0.06335	0.0100	pay 0.0050% / 4h	1h 57m	$106K	$25K	10x
Short	Kraken Futures PF_POWRUSD	0.06360	0.0286	get 0.0036% / 1h	57m 23s	$16K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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 GatebpFee Kraken FuturesbpOrdersPrice spread, now +0.400%Rate

Funding earned: $39.01
Price spread: +0.400% → 0.000%: $39.95
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $53.96
Costs to cover: 0.250%
Break-even: from the start

Slippage unknown: Gate: live order book, 48 min ago; Kraken Futures: no order-book sample. 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 Gate live order book, 48 min ago	13.41 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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.

POWR on 10 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
Aster POWRUSDT	+0.0100%	4h	0.06349	+0.228%	$13K	$44K	5x	as long as short
Binance POWRUSDT	+0.0100%	4h	0.06348	+0.213%	$1.4M	$2.1M	50x	as long as short
Gate POWR_USDTlong	+0.0100%	4h	0.06335	long leg	$106K	$25K	10x
MEXC POWR_USDT	+0.0100%	4h	0.06348	+0.205%	$1.1M	$110K	50x	as long as short
KuCoin POWRUSDTM	+0.0100%	4h	0.06362	+0.426%	$635K	$99K	30x	as long as short
Bitget POWRUSDT	+0.0100%	4h	0.06351	+0.253%	$369K	$197K	50x	as long as short
Variational Omni POWR	+0.0126%	4h	0.06343	+0.126%	$509	$2K	—	as long as short
Bybit POWRUSDT	+0.0185%	4h	0.06343	+0.126%	$906K	$511K	13x	as long as short
Kraken Futures PF_POWRUSDshort	+0.0286%	1h	0.06360	+0.400%	$16K	$11K	10x
BingX POWR-USDT	+0.0388%	4h	0.06350	+0.237%	—	$1.3M	—	as long as short