Funding arb · Price arb /

SUPER

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.2973%/8h= −325.5% APRpaid last 24h −0.989%

Price spread now: Binance against Kraken Futures−1.234%7-day average — · you buy dearer than you sell

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−1.623%−$162 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$89 a day on $10k at the current rate, and Binance is 1.234% cheaper against Kraken Futures than usual: you would sell low and buy high (−$123 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.623% in total (about -84.6% 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_SUPERUSD	0.1541	0.3073	pay 0.0384% / 1h	1m 25s	$51K	$8K	10x
Short	Binance SUPERUSDT	0.1522	0.0100	get 0.0050% / 4h	1m 25s	$2.3M	$5.4M	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 −1.234%Rate

Funding earned: −$624.31
Price spread: −1.234% → 0.000%: −$123.43
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$767.74
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 7 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, 7 min ago	2.30 bp	26.3 bp −$26	82.4 bp −$824	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.

SUPER on 11 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
Hyperliquid SUPER	+0.0100%	1h	0.1527	−0.938%	$523K	$326K	3x	as long as short
Binance SUPERUSDTshort	+0.0100%	4h	0.1522	−1.234%	$2.3M	$5.4M	50x
Bybit SUPERUSDT	+0.0100%	4h	0.1524	−1.159%	$1.1M	$1.5M	25x	as long as short
Gate SUPER_USDT	+0.0100%	8h	0.1521	−1.321%	$132K	$91K	50x	as long as short
MEXC SUPER_USDT	+0.0100%	4h	0.1524	−1.159%	$1.6M	$609K	20x	as long as short
KuCoin SUPERUSDTM	+0.0100%	4h	0.1522	−1.269%	$623K	$213K	50x	as long as short
Bitget SUPERUSDT	+0.0100%	4h	0.1523	−1.191%	$545K	$262K	25x	as long as short
BingX SUPER-USDT	+0.0100%	4h	0.1524	−1.126%	—	$2.4M	—	as long as short
Variational Omni SUPER	+0.0100%	4h	0.1517	−1.565%	$81K	$2K	—	as long as short
BloFin SUPER-USDT	+0.0340%	4h	0.1520	−1.399%	$152K	$172K	75x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SUPERUSDlong	+0.3073%	1h	0.1541	long leg	$51K	$8K	10x