Funding arb · Price arb /

TURBO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.1220%/8h= +133.6% APRpaid last 24h −0.025%

Price spread now: Gate against Kraken Futures+0.223%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 Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+1.482%+$148 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 +$37 a day on $10k at the current rate, and Gate is 0.223% dearer against Kraken Futures than usual: you sell high and buy low: +$22 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	0.001049	−0.1120	get 0.0140% / 1h	9m 59s	$70K	$30K	20x
Short	Gate TURBO_USDT	0.001051	0.0100	get 0.0050% / 4h	9m 59s	$380K	$358K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpOrdersPrice spread, now +0.223%Rate

Funding earned: $256.3
Price spread: +0.223% → 0.000%: $22.28
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $253.58
Costs to cover: 0.250%
Break-even: 0.1 days

Slippage unknown: Kraken Futures: no order-book sample; Gate: live order book, 29 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 Gate live order book, 29 min ago	8.12 bp	34.2 bp −$34	656.2 bp −$6,562	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 exchanges

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	−0.1120%	1h	0.001049	long leg	$70K	$30K	20x
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	+1.920%	$83	$4	5.5x	as long as short
BloFin TURBO-USDT	+0.0051%	4h	0.001051	+0.194%	$148K	$520K	75x	as long as short
Hyperliquid TURBO	+0.0100%	1h	0.001051	+0.204%	$294K	$199K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001051	+0.230%	$10K	$22K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001051	+0.215%	$2.8M	$6.9M	50x	as long as short
Bybit 1000TURBOUSDT	+0.0100%	4h	0.001052	+0.261%	$363K	$774K	25x	as long as short
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001051	+0.213%	$882K	$2.4M	20x	as long as short
Gate TURBO_USDTshort	+0.0100%	4h	0.001051	+0.223%	$380K	$358K	25x
MEXC TURBO_USDT	+0.0100%	4h	0.001051	+0.166%	$5.4M	$541K	20x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TURBOUSDT	+0.0100%	4h	0.001051	+0.204%	$1.0M	$623K	25x	as long as short
BingX TURBO-USDT	+0.0100%	4h	0.001051	+0.251%	—	$9.6M	—	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001050	+0.066%	$1K	$203K	5x	as long as short
KuCoin TURBOUSDTM	+0.0472%	4h	0.001051	+0.194%	$1.9M	$997K	20x	as long as short