Funding arb · Price arb /

ATH

all ATH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.2899%/8h= +317.4% APRpaid last 24h −1.171%

Price spread now: Binance against Kraken Futures+0.208%7-day average −0.052% · you sell dearer than you buy

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

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.188%−$19 on $10k

Price spread, last 3 days (all we have)−0.169%−$17 · spread now +0.208%, 7d avg −0.052%

Together, before fees−0.358%−$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$87 a day on $10k at the current rate, and Binance is 0.260% dearer against Kraken Futures than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of −0.052%. Mind the row above: over the last 7 days funding on this pair cost −0.188%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.188% in total (about -9.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ATHUSD	0.005555	−0.2799	get 0.0350% / 1h	25m 20s	$19K	$106K	10x
Short	Binance ATHUSDT	0.005567	0.0100	get 0.0050% / 4h	3h 25m	$3.4M	$3.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.208%Rate

Funding earned: $608.75
Price spread: +0.208% → −0.052%: $26.02
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $614.77
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Kraken Futures: live order book, 47 min ago; Binance: live order book, 11 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 live order book, 47 min ago	12.61 bp	75.0 bp −$75	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	3.61 bp	35.7 bp −$36	105.1 bp −$1,051	doesn't fit	doesn't fit

ATH on 13 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_ATHUSDlong	−0.2799%	1h	0.005555	long leg	$19K	$106K	10x
Variational Omni ATH	−0.0015%	4h	0.005543	−0.222%	$186K	$93K	—	as long as short
dYdX ATH-USD	0.0000%	1h	0.005549	−0.114%	$11K	$16	5x	as long as short
BloFin ATH-USDT	+0.0047%	4h	0.005555	−0.008%	$170K	$70K	75x	as long as short
OKX ATH-USDT-SWAP	+0.0100%	4h	0.005551	−0.080%	$705K	$1.2M	20x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005553	−0.042%	$5K	$39K	5x	as long as short
Binance ATHUSDTshort	+0.0100%	4h	0.005567	+0.208%	$3.4M	$3.9M	50x
Bybit ATHUSDT	+0.0100%	4h	0.005556	+0.010%	$4.4M	$2.3M	25x	as long as short
Gate ATH_USDT	+0.0100%	4h	0.005551	−0.080%	$793K	$517K	30x	as long as short
MEXC ATH_USDT	+0.0100%	4h	0.005558	+0.046%	$9.0M	$583K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ATHUSDTM	+0.0100%	4h	0.005544	−0.206%	$557K	$76K	30x	as long as short
Bitget ATHUSDT	+0.0100%	4h	0.005563	+0.136%	$1.6M	$856K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005553	−0.044%	—	$21.4M	—	as long as short