Funding arb · Price arb /

ATH

all ATH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1912%/8h= +209.4% APRpaid last 24h −1.048%

Price spread now: OKX against Kraken Futures−0.096%7-day average −0.180% · you buy dearer than you sell

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

Long on Kraken Futures Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.128%−$13 on $10k

Price spread, last 4 days (all we have)+0.029%+$3 · spread now −0.096%, 7d avg −0.180%

Together, before fees−0.099%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$57 a day on $10k at the current rate, and OKX is 0.084% dearer against Kraken Futures than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.180%. Mind the row above: over the last 7 days funding on this pair cost −0.128%, 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 -0.128% in total (about -6.7% 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	0.005478	−0.1812	get 0.0226% / 1h	57m 56s	$17K	$109K	10x
Short	OKX ATH-USDT-SWAP	0.005473	0.0100	get 0.0050% / 4h	57m 56s	$704K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.096%Rate

Funding earned: $401.5
Price spread: −0.096% → −0.180%: $8.37
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: $389.87
Costs to cover: 0.200%
Break-even: 0.2 days

Slippage unknown: Kraken Futures: live order book, 44 min ago; OKX: live order book, 4 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, 44 min ago	23.68 bp	70.8 bp −$71	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	4.57 bp	40.1 bp −$40	doesn't fit	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	−0.1812%	1h	0.005478	long leg	$17K	$109K	10x
Variational Omni ATH	−0.0105%	4h	0.005461	−0.315%	$183K	$93K	—	as long as short
dYdX ATH-USD	0.0000%	1h	0.005475	−0.062%	$11K	$59	5x	as long as short
BloFin ATH-USDT	+0.0092%	4h	0.005480	+0.031%	$163K	$70K	75x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005486	+0.135%	$5K	$41K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005488	+0.180%	$3.3M	$4.3M	50x	as long as short
Bybit ATHUSDT	+0.0100%	4h	0.005478	−0.005%	$4.3M	$2.7M	25x	as long as short
OKX ATH-USDT-SWAPshort	+0.0100%	4h	0.005473	−0.096%	$704K	$1.3M	20x
Gate ATH_USDT	+0.0100%	4h	0.005479	+0.013%	$784K	$609K	30x	as long as short
MEXC ATH_USDT	+0.0100%	4h	0.005487	+0.159%	$8.9M	$673K	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	0.005485	+0.123%	$551K	$80K	30x	as long as short
Bitget ATHUSDT	+0.0100%	4h	0.005484	+0.104%	$1.5M	$907K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005483	+0.086%	—	$21.3M	—	as long as short