Funding arb · Price arb /

TURBO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0215%/8h= −23.5% APRpaid last 24h +0.035%

Price spread now: Kraken Futures against OKX−0.157%45s7-day average — · you buy dearer than you sell

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

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−1.387%−$139 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 −$6 a day on $10k at the current rate, and Kraken Futures is 0.157% cheaper against OKX than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 45 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	OKX TURBO-USDT-SWAP	0.001057	0.0100	pay 0.0050% / 4h	2h 11m	$885K	$2.2M	20x
Short	Kraken Futures PF_TURBOUSD	0.001056	−0.0115	pay 0.0014% / 1h	11m 24s	$69K	$30K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against OKX. 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 OKXbpFee Kraken FuturesbpOrdersPrice spread, now −0.157%Rate

Funding earned: −$45.15
Price spread: −0.157% → 0.000%: −$15.71
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$80.85
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 6 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 OKX live order book, 6 min ago	3.33 bp	38.8 bp −$39	doesn't fit	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	−0.0115%	1h	0.001056	−0.157%	$69K	$30K	20x
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	+1.107%	$83	$4	5.5x	as long as short
Hyperliquid TURBO	+0.0100%	1h	0.001057	−0.028%	$314K	$168K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001055	−0.175%	$9K	$20K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001056	−0.093%	$2.9M	$6.3M	50x	as long as short
Bybit 1000TURBOUSDT	+0.0100%	4h	0.001056	−0.085%	$378K	$766K	25x	as long as short
OKX TURBO-USDT-SWAPlong	+0.0100%	4h	0.001057	long leg	$885K	$2.2M	20x
Gate TURBO_USDT	+0.0100%	4h	0.001055	−0.208%	$385K	$325K	25x	as long as short
MEXC TURBO_USDT	+0.0100%	4h	0.001056	−0.095%	$5.4M	$612K	20x	as long as short
KuCoin TURBOUSDTM	+0.0100%	4h	0.001055	−0.246%	$1.8M	$864K	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	0.001055	−0.218%	$997K	$581K	25x	as long as short
BingX TURBO-USDT	+0.0100%	4h	0.001055	−0.208%	—	$7.7M	—	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001056	−0.148%	$1K	$229K	5x	as long as short
BloFin TURBO-USDT	+0.0127%	4h	0.001052	−0.530%	$151K	$465K	75x	as long as short