Funding arb · Price arb /

TURBO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0616%/8h= +67.5% APRpaid last 24h −0.026%

Price spread now: KuCoin against Kraken Futures−0.094%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+1.473%+$147 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. KuCoin is 0.094% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.094% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 12 hours of funding at the current rate (+$18 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_TURBOUSD	0.001048	−0.0516	get 0.0065% / 1h	38m 40s	$67K	$28K	20x
Short	KuCoin TURBOUSDTM	0.001048	0.0100	get 0.0050% / 4h	38m 40s	$1.9M	$807K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.094%Rate

Funding earned: $129.43
Price spread: −0.094% → 0.000%: −$9.38
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $98.05
Costs to cover: 0.220%
Break-even: 1.7 days

Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago	15.73 bp	120.8 bp −$121	658.2 bp −$6,582	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	−0.0516%	1h	0.001048	long leg	$67K	$28K	20x
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	+1.957%	$83	$4	5.5x	as long as short
Hyperliquid TURBO	+0.0100%	1h	0.001049	+0.049%	$312K	$145K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001049	+0.042%	$9K	$20K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001048	−0.040%	$2.9M	$5.9M	50x	as long as short
Bybit 1000TURBOUSDT	+0.0100%	4h	0.001050	+0.116%	$387K	$742K	25x	as long as short
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001048	−0.027%	$901K	$1.9M	20x	as long as short
Gate TURBO_USDT	+0.0100%	4h	0.001049	+0.021%	$396K	$257K	25x	as long as short
MEXC TURBO_USDT	+0.0100%	4h	0.001048	−0.027%	$5.3M	$567K	20x	as long as short
KuCoin TURBOUSDTMshort	+0.0100%	4h	0.001048	−0.094%	$1.9M	$807K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TURBOUSDT	+0.0100%	4h	0.001049	+0.049%	$1.0M	$493K	25x	as long as short
BingX TURBO-USDT	+0.0100%	4h	0.001049	+0.030%	—	$7.7M	—	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001048	−0.065%	$2K	$171K	5x	as long as short
BloFin TURBO-USDT	+0.0134%	4h	0.001048	−0.018%	$155K	$426K	75x	as long as short