Funding arb · Price arb /

TURBO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0215%/8h= −23.6% APRpaid last 24h +0.035%

Price spread now: Kraken Futures against Binance−0.117%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−1.406%−$141 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 −$6 a day on $10k at the current rate, and Kraken Futures is 0.117% cheaper against Binance than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TURBOUSDT	0.001056	0.0100	pay 0.0050% / 4h	2h 51m	$2.9M	$6.3M	50x
Short	Kraken Futures PF_TURBOUSD	0.001055	−0.0115	pay 0.0014% / 1h	51m 10s	$69K	$30K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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 BinancebpFee Kraken FuturesbpOrdersPrice spread, now −0.117%Rate

Funding earned: −$45.17
Price spread: −0.117% → 0.000%: −$11.65
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$76.82
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 2 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 Binance live order book, 2 min ago	2.37 bp	17.4 bp −$17	96.9 bp −$969	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.

TURBO on 14 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
Kraken Futures PF_TURBOUSDshort	−0.0115%	1h	0.001055	−0.117%	$69K	$30K	20x
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	+1.231%	$83	$4	5.5x	as long as short
Hyperliquid TURBO	+0.0100%	1h	0.001056	0.000%	$316K	$167K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001056	+0.004%	$9K	$20K	10x	as long as short
Binance TURBOUSDTlong	+0.0100%	4h	0.001056	long leg	$2.9M	$6.3M	50x
Bybit 1000TURBOUSDT	+0.0100%	4h	0.001056	+0.028%	$393K	$759K	25x	as long as short
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001056	+0.019%	$883K	$2.1M	20x	as long as short
Gate TURBO_USDT	+0.0100%	4h	0.001055	−0.057%	$383K	$312K	25x	as long as short
MEXC TURBO_USDT	+0.0100%	4h	0.001056	+0.009%	$5.5M	$596K	20x	as long as short
KuCoin TURBOUSDTM	+0.0100%	4h	0.001057	+0.076%	$1.9M	$830K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TURBOUSDT	+0.0100%	4h	0.001056	0.000%	$1.0M	$553K	25x	as long as short
BingX TURBO-USDT	+0.0100%	4h	0.001055	−0.085%	—	$7.7M	—	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001055	−0.057%	$452	$229K	5x	as long as short
BloFin TURBO-USDT	+0.0127%	4h	0.001054	−0.180%	$154K	$455K	75x	as long as short