Funding arb · Price arb /

EGLD

all EGLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.2580%/8h= −282.5% APRpaid last 24h −0.146%

Price spread now: Kraken Futures against Binance+0.141%7-day average +0.155% · you sell dearer than you buy

Net, funding: paid 7d − costs−$163as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1151.151% of the position

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.484%−$48 on $10k

Price spread, last 3 days (all we have)+0.144%+$14 · spread now +0.141%, 7d avg +0.155%

Together, before fees−0.339%−$34 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.155%, so right now this pair is about funding alone: −$77 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.484% in total (about -25.2% 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	Binance EGLDUSDT	4.4360	0.0100	pay 0.0100% / 8h	7h 02m	$4.9M	$27.5M	75x
Short	Kraken Futures PF_EGLDUSD	4.4423	−0.2480	pay 0.0310% / 1h	2m 48s	$444K	$715K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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 BinancebpFee Kraken FuturesbpOrdersPrice spread, now +0.141%Rate

Funding earned: −$541.73
Price spread: +0.141% → +0.155%: −$1.43
Slippage, 4 orders: −$95.07
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$658.23
Costs to cover: 1.151%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Kraken Futures: live order book, 5 min ago.

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 Binance live order book, 9 min ago	1.12 bp	16.8 bp −$17	48.0 bp −$480	389.8 bp −$39.0K	doesn't fit
Sell Kraken Futures live order book, 5 min ago	19.02 bp	40.3 bp −$40	doesn't fit	doesn't fit	doesn't fit

EGLD 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_EGLDUSDshort	−0.2480%	1h	4.4423	+0.141%	$444K	$715K	20x
Injective EGLD/USDC PERP	+0.0033%	1h	3.6600	−17.494%	$16	$46K	5.5x	as long as short
Binance EGLDUSDTlong	+0.0100%	8h	4.4360	long leg	$4.9M	$27.5M	75x
Bybit EGLDUSDT	+0.0100%	8h	4.4350	−0.023%	$2.8M	$8.9M	75x	as long as short
OKX EGLD-USDT-SWAP	+0.0100%	8h	4.4370	+0.022%	$655K	$5.4M	20x	as long as short
Gate EGLD_USDT	+0.0100%	8h	4.4480	+0.270%	$507K	$706K	30x	as long as short
MEXC EGLD_USDT	+0.0100%	8h	4.4330	−0.068%	$4.4M	$3.4M	125x	as long as short
KuCoin EGLDUSDTM	+0.0100%	8h	4.4500	+0.315%	$2.8M	$1.4M	50x	as long as short
Bitget EGLDUSDT	+0.0100%	8h	4.4390	+0.067%	$2.3M	$4.4M	75x	as long as short
BingX EGLD-USDT	+0.0100%	8h	4.4400	+0.090%	—	$2.9M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni EGLD	+0.0100%	8h	4.4402	+0.094%	$17K	$54K	—	as long as short
BloFin EGLD-USDT	+0.0220%	8h	4.4340	−0.045%	$235K	$517K	75x	as long as short