Funding arb · Price arb /

TURBO

all TURBO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.1487%/8h= −162.8% APRpaid last 24h +0.043%

Price spread now: Kraken Futures against BingX−0.189%7-day average — · you buy dearer than you sell

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

Long on BingX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−1.371%−$137 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 −$45 a day on $10k at the current rate, and Kraken Futures is 0.189% cheaper against BingX than usual: you would sell low and buy high (−$19 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	BingX TURBO-USDT	0.001077	0.0660	pay 0.0330% / 4h	3h 46m	—	$9.4M	—
Short	Kraken Futures PF_TURBOUSD	0.001075	−0.0827	pay 0.0103% / 1h	46m 00s	$71K	$31K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BingX. 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 BingXbpFee Kraken FuturesbpOrdersPrice spread, now −0.189%Rate

Funding earned: −$312.25
Price spread: −0.189% → 0.000%: −$18.88
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$351.14
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 7 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 BingX live order book, 7 min ago	7.46 bp	25.2 bp −$25	63.0 bp −$630	428.5 bp −$42.9K	583.3 bp −$291.6K
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	−0.0827%	1h	0.001075	−0.189%	$71K	$31K	20x
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	−0.706%	$83	$4	5.5x	as long as short
BloFin TURBO-USDT	+0.0075%	4h	0.001076	−0.009%	$154K	$497K	75x	as long as short
Hyperliquid TURBO	+0.0100%	1h	0.001076	−0.056%	$317K	$170K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001069	−0.727%	$9K	$20K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001071	−0.529%	$2.9M	$6.7M	50x	as long as short
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001071	−0.567%	$911K	$2.4M	20x	as long as short
Gate TURBO_USDT	+0.0100%	4h	0.001077	+0.056%	$390K	$350K	25x	as long as short
MEXC TURBO_USDT	+0.0100%	4h	0.001074	−0.223%	$5.6M	$617K	20x	as long as short
KuCoin TURBOUSDTM	+0.0100%	4h	0.001076	−0.074%	$1.9M	$960K	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	0.001072	−0.427%	$1.0M	$617K	25x	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001071	−0.547%	$1K	$200K	5x	as long as short
Bybit 1000TURBOUSDT	+0.0167%	4h	0.001073	−0.334%	$391K	$798K	25x	as long as short
BingX TURBO-USDTlong	+0.0660%	4h	0.001077	long leg	—	$9.4M	—