Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h −0.111%

Price spread now: KuCoin against Kraken Futures0.000%52s7-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 KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 52 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	Kraken Futures PF_ALTUSD	0.007588	0.0208	pay 0.0026% / 1h	36m 28s	$44K	$8K	10x
Short	KuCoin ALTUSDTM	0.007588	0.0100	get 0.0050% / 4h	2h 36m	$150K	$20K	30x

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

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 KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$22.62
Price spread: 0.000% → 0.000%: $0.04
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$44.58
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 67 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, 67 min ago	11.26 bp	578.8 bp −$579	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.

ALT 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
Hyperliquid ALT	+0.0100%	1h	0.007588	0.000%	$1.1M	$190K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007594	+0.079%	$2.6M	$3.7M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007583	−0.065%	$1.2M	$1.6M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007577	−0.145%	$52K	$402K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007592	+0.053%	$407K	$184K	50x	as long as short
KuCoin ALTUSDTMshort	+0.0100%	4h	0.007588	0.000%	$150K	$20K	30x
Bitget ALTUSDT	+0.0100%	4h	0.007581	−0.092%	$601K	$113K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007589	+0.014%	—	$1.3M	—	as long as short
Variational Omni ALT	+0.0100%	4h	0.007553	−0.463%	$5K	$13K	—	as long as short
BloFin ALT-USDT	+0.0141%	4h	0.007552	−0.474%	$172K	$10K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ALTUSDlong	+0.0208%	1h	0.007588	long leg	$44K	$8K	10x
Deribit ALT_USDC-PERPETUAL	+0.0278%	1h	0.007583	−0.065%	—	$0	25x	as long as short
Coinbase International ALT-PERP-INTX	+0.0432%	1h	0.007587	−0.013%	$14K	$3K	50x	as long as short
Injective ALT/USDC PERP	+0.5000%	1h	0.007604	+0.211%	$827	$4K	5.5x	as long as short