Funding arb · Price arb /

TURBO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0440%/8h= −48.2% APRpaid last 24h +0.042%

Price spread now: Kraken Futures against KuCoin−0.049%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−1.421%−$142 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Kraken Futures is 0.049% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TURBOUSDTM	0.001078	0.0100	pay 0.0050% / 4h	1h 18m	$1.8M	$892K	20x
Short	Kraken Futures PF_TURBOUSD	0.001078	−0.0340	pay 0.0043% / 1h	18m 41s	$71K	$31K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against KuCoin. 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 KuCoinbpFee Kraken FuturesbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$92.45
Price spread: −0.049% → 0.000%: −$4.9
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$119.35
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 7 min ago; Kraken Futures: no order-book sample. 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 KuCoin live order book, 7 min ago	10.23 bp	67.7 bp −$68	544.7 bp −$5,447	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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_TURBOUSDshort	−0.0340%	1h	0.001078	−0.049%	$71K	$31K	20x
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	−0.872%	$83	$4	5.5x	as long as short
Hyperliquid TURBO	+0.0100%	1h	0.001078	−0.037%	$317K	$170K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001078	−0.020%	$9K	$20K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001077	−0.087%	$3.0M	$6.5M	50x	as long as short
Bybit 1000TURBOUSDT	+0.0100%	4h	0.001080	+0.130%	$395K	$780K	25x	as long as short
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001077	−0.093%	$900K	$2.3M	20x	as long as short
Gate TURBO_USDT	+0.0100%	4h	0.001078	−0.046%	$389K	$343K	25x	as long as short
MEXC TURBO_USDT	+0.0100%	4h	0.001077	−0.093%	$5.6M	$614K	20x	as long as short
KuCoin TURBOUSDTMlong	+0.0100%	4h	0.001078	long leg	$1.8M	$892K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TURBOUSDT	+0.0100%	4h	0.001079	+0.056%	$1.0M	$590K	25x	as long as short
BingX TURBO-USDT	+0.0100%	4h	0.001078	−0.056%	—	$9.4M	—	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001077	−0.111%	$3K	$164K	5x	as long as short
BloFin TURBO-USDT	+0.0109%	4h	0.001077	−0.111%	$156K	$485K	75x	as long as short