Funding arb · Price arb /

TURBO

all TURBO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0935%/8h= +102.4% APRpaid last 24h −0.043%

Price spread now: Binance against Kraken Futures+0.164%7-day average — · you sell dearer than you buy

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+1.371%+$137 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and Binance is 0.164% dearer against Kraken Futures than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_TURBOUSD	0.001064	−0.0835	get 0.0104% / 1h	38m 34s	$71K	$33K	20x
Short	Binance TURBOUSDT	0.001066	0.0100	get 0.0050% / 4h	3h 38m	$2.9M	$6.7M	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 +0.164%Rate

Funding earned: $196.36
Price spread: +0.164% → 0.000%: $16.4
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $192.76
Costs to cover: 0.200%
Break-even: 0.1 days

Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 15 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, 15 min ago	1.87 bp	29.0 bp −$29	87.1 bp −$871	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.

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_TURBOUSDlong	−0.0835%	1h	0.001064	long leg	$71K	$33K	20x
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	+0.460%	$83	$4	5.5x	as long as short
Hyperliquid TURBO	+0.0100%	1h	0.001067	+0.272%	$314K	$170K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001066	+0.146%	$9K	$20K	10x	as long as short
Binance TURBOUSDTshort	+0.0100%	4h	0.001066	+0.164%	$2.9M	$6.7M	50x
Bybit 1000TURBOUSDT	+0.0100%	4h	0.001065	+0.084%	$386K	$799K	25x	as long as short
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001066	+0.187%	$901K	$2.4M	20x	as long as short
Gate TURBO_USDT	+0.0100%	4h	0.001065	+0.112%	$387K	$351K	25x	as long as short
MEXC TURBO_USDT	+0.0100%	4h	0.001065	+0.112%	$5.5M	$619K	20x	as long as short
KuCoin TURBOUSDTM	+0.0100%	4h	0.001066	+0.225%	$1.8M	$965K	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	0.001066	+0.178%	$1.0M	$607K	25x	as long as short
BingX TURBO-USDT	+0.0100%	4h	0.001065	+0.112%	—	$9.4M	—	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001065	+0.066%	$1K	$200K	5x	as long as short
BloFin TURBO-USDT	+0.0128%	4h	0.001066	+0.178%	$154K	$493K	75x	as long as short