Funding arb · Price arb /

ATH

all ATH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.2418%/8h= +264.8% APRpaid last 24h −1.046%

Price spread now: BloFin against Kraken Futures+0.110%7-day average +0.011% · you sell dearer than you buy

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

Long on Kraken Futures Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 4 days (all we have)−0.117%−$12 · spread now +0.110%, 7d avg +0.011%

Together, before fees−0.221%−$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$73 a day on $10k at the current rate, and BloFin is 0.099% dearer against Kraken Futures than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.011%. Mind the row above: over the last 7 days funding on this pair cost −0.104%, 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 -0.104% in total (about -5.4% 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	0.005507	−0.2375	get 0.0297% / 1h	16m 37s	$17K	$109K	10x
Short	BloFin ATH-USDT	0.005513	0.0043	get 0.0021% / 4h	1h 16m	$163K	$71K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.110%Rate

Funding earned: $507.81
Price spread: +0.110% → +0.011%: $9.93
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $495.74
Costs to cover: 0.220%
Break-even: 0.2 days

Slippage unknown: Kraken Futures: live order book, 25 min ago; BloFin: live order book, 58 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, 25 min ago	23.68 bp	70.8 bp −$71	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 58 min ago	0.91 bp	33.6 bp −$34	87.0 bp −$870	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	−0.2375%	1h	0.005507	long leg	$17K	$109K	10x
Variational Omni ATH	−0.0105%	4h	0.005513	+0.102%	$185K	$93K	—	as long as short
dYdX ATH-USD	0.0000%	1h	0.005512	+0.093%	$11K	$59	5x	as long as short
BloFin ATH-USDTshort	+0.0043%	4h	0.005513	+0.110%	$163K	$71K	75x
Aster ATHUSDT	+0.0100%	4h	0.005510	+0.053%	$5K	$41K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005510	+0.056%	$3.3M	$4.3M	50x	as long as short
Bybit ATHUSDT	+0.0100%	4h	0.005499	−0.144%	$4.3M	$2.7M	25x	as long as short
OKX ATH-USDT-SWAP	+0.0100%	4h	0.005499	−0.144%	$707K	$1.3M	20x	as long as short
Gate ATH_USDT	+0.0100%	4h	0.005501	−0.108%	$786K	$614K	30x	as long as short
MEXC ATH_USDT	+0.0100%	4h	0.005513	+0.110%	$9.0M	$677K	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	0.005505	−0.035%	$554K	$80K	30x	as long as short
Bitget ATHUSDT	+0.0100%	4h	0.005506	−0.017%	$1.6M	$912K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005505	−0.035%	—	$21.3M	—	as long as short