Funding arb · Price arb /

TURBO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0350%/8h= −38.4% APRpaid last 24h +0.041%

Price spread now: Kraken Futures against Gate−0.049%7-day average — · you buy dearer than you sell

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 7 days−1.382%−$138 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 −$11 a day on $10k at the current rate, and Kraken Futures is 0.049% cheaper against Gate than usual: you would sell low and buy high (−$5 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	Gate TURBO_USDT	0.001076	0.0100	pay 0.0050% / 4h	39m 40s	$389K	$346K	25x
Short	Kraken Futures PF_TURBOUSD	0.001075	−0.0250	pay 0.0031% / 1h	39m 40s	$71K	$31K	20x

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 −0.049%Rate

Funding earned: −$73.58
Price spread: −0.049% → 0.000%: −$4.92
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: −$103.5
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 61 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, 61 min ago	9.35 bp	40.0 bp −$40	477.9 bp −$4,779	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	−0.0250%	1h	0.001075	−0.049%	$71K	$31K	20x
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	−0.623%	$83	$4	5.5x	as long as short
Hyperliquid TURBO	+0.0100%	1h	0.001076	+0.028%	$315K	$170K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001074	−0.165%	$9K	$20K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001073	−0.251%	$2.9M	$6.6M	50x	as long as short
Bybit 1000TURBOUSDT	+0.0100%	4h	0.001074	−0.121%	$394K	$781K	25x	as long as short
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001073	−0.297%	$912K	$2.3M	20x	as long as short
Gate TURBO_USDTlong	+0.0100%	4h	0.001076	long leg	$389K	$346K	25x
MEXC TURBO_USDT	+0.0100%	4h	0.001073	−0.214%	$5.6M	$614K	20x	as long as short
KuCoin TURBOUSDTM	+0.0100%	4h	0.001076	+0.019%	$1.8M	$919K	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	0.001074	−0.158%	$1.0M	$604K	25x	as long as short
BingX TURBO-USDT	+0.0100%	4h	0.001074	−0.167%	—	$9.4M	—	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001073	−0.240%	$8K	$174K	5x	as long as short
BloFin TURBO-USDT	+0.0127%	4h	0.001078	+0.242%	$155K	$489K	75x	as long as short