Funding arb · Price arb /

TURBO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0933%/8h= +102.1% APRpaid last 24h −0.043%

Price spread now: OKX against Kraken Futures+0.040%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 OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.351%+$135 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 OKX is 0.040% dearer against Kraken Futures than usual: you sell high and buy low: +$4 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	0.001067	−0.0833	get 0.0104% / 1h	43m 21s	$71K	$33K	20x
Short	OKX TURBO-USDT-SWAP	0.001068	0.0100	get 0.0050% / 4h	3h 43m	$904K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.040%Rate

Funding earned: $195.86
Price spread: +0.040% → 0.000%: $3.96
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: $179.82
Costs to cover: 0.200%
Break-even: 0.6 days

Slippage unknown: Kraken Futures: no order-book sample; OKX: live order book, 4 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 OKX live order book, 4 min ago	4.18 bp	47.9 bp −$48	doesn't fit	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	−0.0833%	1h	0.001067	long leg	$71K	$33K	20x
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	+0.171%	$83	$4	5.5x	as long as short
BloFin TURBO-USDT	+0.0096%	4h	0.001068	+0.115%	$153K	$493K	75x	as long as short
Hyperliquid TURBO	+0.0100%	1h	0.001070	+0.265%	$315K	$170K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001069	+0.141%	$9K	$20K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001069	+0.133%	$2.9M	$6.7M	50x	as long as short
Bybit 1000TURBOUSDT	+0.0100%	4h	0.001070	+0.255%	$390K	$798K	25x	as long as short
OKX TURBO-USDT-SWAPshort	+0.0100%	4h	0.001068	+0.040%	$904K	$2.4M	20x
Gate TURBO_USDT	+0.0100%	4h	0.001070	+0.255%	$387K	$350K	25x	as long as short
MEXC TURBO_USDT	+0.0100%	4h	0.001068	+0.115%	$5.6M	$618K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TURBOUSDTM	+0.0100%	4h	0.001069	+0.218%	$1.8M	$964K	20x	as long as short
Bitget TURBOUSDT	+0.0100%	4h	0.001069	+0.171%	$1.0M	$620K	25x	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001068	+0.106%	$1K	$200K	5x	as long as short
BingX TURBO-USDT	+0.0660%	4h	0.001068	+0.086%	—	$9.4M	—	as long as short