Funding arb · Price arb /

DEXE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0179%/8h= −19.6% APRpaid last 24h +0.028%

Price spread now: Binance against Kraken Futures+0.048%7-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 Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Binance is 0.048% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.048% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_DEXEUSD	1.9252	0.0279	pay 0.0035% / 1h	7m 52s	$42K	$40K	20x
Short	Binance DEXEUSDT	1.9261	0.0100	get 0.0050% / 4h	1h 07m	$6.9M	$7.8M	20x

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

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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 +0.048%Rate

Funding earned: −$37.61
Price spread: +0.048% → 0.000%: $4.77
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$52.84
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 9 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 Binance live order book, 9 min ago	2.60 bp	11.5 bp −$12	49.3 bp −$493	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.

DEXE on 12 exchanges

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
Injective DEXE/USDC PERP	+0.0033%	1h	1.8600	−3.384%	—	$3K	5.5x	as long as short
Aster DEXEUSDT	+0.0100%	4h	1.9270	+0.096%	$170K	$13K	5x	as long as short
Binance DEXEUSDTshort	+0.0100%	4h	1.9261	+0.048%	$6.9M	$7.8M	20x
Bybit DEXEUSDT	+0.0100%	4h	1.9277	+0.132%	$2.3M	$927K	20x	as long as short
Gate DEXE_USDT	+0.0100%	4h	1.9260	+0.044%	$461K	$808K	20x	as long as short
MEXC DEXE_USDT	+0.0100%	4h	1.9250	−0.008%	$1.7M	$240K	20x	as long as short
Bitget DEXEUSDT	+0.0100%	4h	1.9240	−0.060%	$3.2M	$349K	10x	as long as short
BingX DEXE-USDT	+0.0100%	4h	1.9260	+0.044%	—	$1.7M	—	as long as short
Variational Omni DEXE	+0.0100%	4h	1.9245	−0.033%	$35K	$390	—	as long as short
Orderly PERP_DEXE_USDC_mythos	+0.0100%	4h	1.9250	−0.008%	$8K	—	10x	as long as short

Show all 12 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_DEXEUSDlong	+0.0279%	1h	1.9252	long leg	$42K	$40K	20x
BloFin DEXE-USDT	+0.0340%	4h	1.9240	−0.060%	$332K	$42K	20x	as long as short