Funding arb · Price arb /

TURBO

all TURBO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0339%/8h= +37.1% APRpaid last 24h −0.035%

Price spread now: BloFin against Kraken Futures+0.122%57s7-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 BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+1.432%+$143 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 +$10 a day on $10k at the current rate, and BloFin is 0.122% dearer against Kraken Futures than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_TURBOUSD	0.001077	−0.0191	get 0.0024% / 1h	48m 19s	$69K	$28K	20x
Short	BloFin TURBO-USDT	0.001079	0.0147	get 0.0074% / 4h	3h 48m	$156K	$450K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.122%Rate

Funding earned: $71.09
Price spread: +0.122% → 0.000%: $12.23
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $61.32
Costs to cover: 0.220%
Break-even: 1.0 days

Slippage unknown: Kraken Futures: no order-book sample; BloFin: live order book, 47 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 BloFin live order book, 47 min ago	0.48 bp	23.2 bp −$23	52.8 bp −$528	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	−0.0191%	1h	0.001077	long leg	$69K	$28K	20x
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	−0.760%	$83	$4	5.5x	as long as short
Hyperliquid TURBO	+0.0100%	1h	0.001079	+0.169%	$315K	$152K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001078	+0.082%	$10K	$20K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001076	−0.064%	$3.0M	$5.9M	50x	as long as short
Bybit 1000TURBOUSDT	+0.0100%	4h	0.001078	+0.085%	$396K	$740K	25x	as long as short
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001079	+0.169%	$919K	$2.1M	20x	as long as short
Gate TURBO_USDT	+0.0100%	4h	0.001078	+0.094%	$395K	$281K	25x	as long as short
MEXC TURBO_USDT	+0.0100%	4h	0.001078	+0.039%	$5.5M	$581K	20x	as long as short
KuCoin TURBOUSDTM	+0.0100%	4h	0.001078	+0.094%	$1.9M	$814K	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	0.001077	−0.017%	$1.1M	$516K	25x	as long as short
BingX TURBO-USDT	+0.0100%	4h	0.001078	+0.104%	—	$7.7M	—	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001076	−0.090%	$3K	$167K	5x	as long as short
BloFin TURBO-USDTshort	+0.0147%	4h	0.001079	+0.122%	$156K	$450K	75x