Funding arb · Price arb /

ATH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.3297%/8h= +361.1% APRpaid last 24h −1.147%

Price spread now: Gate against Kraken Futures−0.178%7-day average −0.174% · you buy dearer than you sell

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

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.170%−$17 on $10k

Price spread, last 3 days (all we have)+0.111%+$11 · spread now −0.178%, 7d avg −0.174%

Together, before fees−0.059%−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.174%, so right now this pair is about funding alone: +$99 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.170%, 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 -0.170% in total (about -8.9% 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	0.005516	−0.3197	get 0.0400% / 1h	55m 44s	$19K	$106K	10x
Short	Gate ATH_USDT	0.005506	0.0100	get 0.0050% / 4h	1h 55m	$787K	$552K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.178%Rate

Funding earned: $692.43
Price spread: −0.178% → −0.174%: −$0.35
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $667.09
Costs to cover: 0.250%
Break-even: 0.3 days

Slippage unknown: Kraken Futures: live order book, 6 min ago; Gate: live order book, 6 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, 6 min ago	16.38 bp	81.3 bp −$81	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 6 min ago	6.38 bp	66.4 bp −$66	doesn't fit	doesn't fit	doesn't fit

ATH on 12 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	−0.3197%	1h	0.005516	long leg	$19K	$106K	10x
Variational Omni ATH	−0.0077%	4h	0.005515	−0.022%	$184K	$93K	—	as long as short
dYdX ATH-USD	0.0000%	1h	0.005517	+0.024%	$11K	$57	5x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005514	−0.039%	$5K	$41K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005505	−0.198%	$3.3M	$4.1M	50x	as long as short
Bybit ATHUSDT	+0.0100%	4h	0.005491	−0.450%	$4.3M	$2.5M	25x	as long as short
OKX ATH-USDT-SWAP	+0.0100%	4h	0.005491	−0.450%	$699K	$1.3M	20x	as long as short
Gate ATH_USDTshort	+0.0100%	4h	0.005506	−0.178%	$787K	$552K	30x
MEXC ATH_USDT	+0.0100%	4h	0.005512	−0.069%	$8.8M	$620K	50x	as long as short
KuCoin ATHUSDTM	+0.0100%	4h	0.005507	−0.160%	$557K	$77K	30x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ATHUSDT	+0.0100%	4h	0.005506	−0.178%	$1.5M	$842K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005502	−0.250%	—	$21.7M	—	as long as short