Funding arb · Price arb /

TRB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.4413%/8h= +483.2% APRpaid last 24h +0.389%

Price spread now: Kraken Futures against KuCoin+0.400%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$5,680as in the Funding arb table

Net, price: spread back to 7d avg − costs−$5,672as in the Price arb table

costs, in and out, $10k−$5,71057.099% 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+0.304%+$30 on $10k

Price spread, last 4 days (all we have)−0.706%−$71 · spread now +0.400%, 7d avg +0.024%

Together, before fees−0.402%−$40 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$132 a day on $10k at the current rate, and Kraken Futures is 0.376% dearer against KuCoin than usual: you sell high and buy low: +$38 more if the spread goes back to its 7-day average of +0.024%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.304% in total (about 15.8% 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 TRBUSDTM	18.954	0.0100	pay 0.0050% / 4h	3h 30m	$1.1M	$346K	50x
Short	Kraken Futures PF_TRBUSD	19.030	0.4513	get 0.0564% / 1h	30m 36s	$102K	$51K	10x

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 +0.400%Rate

Funding earned: $926.65
Price spread: +0.400% → +0.024%: $37.59
Slippage, 4 orders: −$5,687.89
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$4,745.65
Costs to cover: 57.099%
Break-even: 42.8 days

Slippage from KuCoin: live order book, 4 min ago; Kraken Futures: live order book, 1 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, 4 min ago	8.66 bp	63.8 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 1 min ago	34.26 bp	81.4 bp −$81	doesn't fit	doesn't fit	doesn't fit

TRB on 13 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
BloFin TRB-USDT	+0.0078%	4h	18.960	+0.032%	$353K	$165K	50x	as long as short
Hyperliquid TRB	+0.0100%	1h	18.945	−0.047%	$470K	$273K	3x	as long as short
Aster TRBUSDT	+0.0100%	4h	18.930	−0.127%	$6K	$29K	5x	as long as short
Binance TRBUSDT	+0.0100%	4h	18.936	−0.095%	$4.9M	$11.9M	50x	as long as short
Bybit TRBUSDT	+0.0100%	4h	18.960	+0.032%	$6.2M	$2.2M	50x	as long as short
OKX TRB-USDT-SWAP	+0.0100%	4h	18.950	−0.021%	$4.3M	$5.3M	20x	as long as short
Gate TRB_USDT	+0.0100%	4h	18.960	+0.032%	$544K	$2.1M	50x	as long as short
MEXC TRB_USDT	+0.0100%	4h	18.933	−0.111%	$15.5M	$1.1M	125x	as long as short
KuCoin TRBUSDTMlong	+0.0100%	4h	18.954	long leg	$1.1M	$346K	50x
Bitget TRBUSDT	+0.0100%	4h	18.959	+0.026%	$1.3M	$1.6M	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX TRB-USDT	+0.0100%	4h	18.957	+0.016%	—	$5.0M	—	as long as short
Variational Omni TRB	+0.0102%	4h	18.992	+0.202%	$15K	$16K	—	as long as short
Kraken Futures PF_TRBUSDshort	+0.4513%	1h	19.030	+0.400%	$102K	$51K	10x