Funding arb · Price arb /

EGLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0544%/8h= −59.6% APRpaid last 24h −0.014%

Price spread now: Kraken Futures against Bitget+0.067%7-day average +0.111% · you sell dearer than you buy

Net, funding: paid 7d − costs−$136as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1101.096% of the position

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.263%−$26 on $10k

Price spread, last 4 days (all we have)+0.330%+$33 · spread now +0.067%, 7d avg +0.111%

Together, before fees+0.067%+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Kraken Futures is 0.044% cheaper against Bitget than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.111%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.263% in total (about -13.7% 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	Bitget EGLDUSDT	4.3780	0.0100	pay 0.0100% / 8h	17m 01s	$2.2M	$3.2M	75x
Short	Kraken Futures PF_EGLDUSD	4.3809	−0.0444	pay 0.0055% / 1h	17m 01s	$438K	$580K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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 BitgetbpFee Kraken FuturesbpOrdersPrice spread, now +0.067%Rate

Funding earned: −$114.21
Price spread: +0.067% → +0.111%: −$4.38
Slippage, 4 orders: −$87.65
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$228.24
Costs to cover: 1.096%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Kraken Futures: live order book, 21 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 Bitget live order book, 1 min ago	6.86 bp	25.7 bp −$26	59.2 bp −$592	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 21 min ago	13.73 bp	30.5 bp −$30	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	−0.0444%	1h	4.3809	+0.067%	$438K	$580K	20x
Injective EGLD/USDC PERP	+0.0033%	1h	3.6600	−16.400%	$16	$46K	5.5x	as long as short
Binance EGLDUSDT	+0.0100%	8h	4.3762	−0.040%	$4.5M	$20.3M	75x	as long as short
Bybit EGLDUSDT	+0.0100%	8h	4.3760	−0.046%	$2.5M	$6.7M	75x	as long as short
Gate EGLD_USDT	+0.0100%	8h	4.3840	+0.137%	$449K	$511K	30x	as long as short
MEXC EGLD_USDT	+0.0100%	8h	4.3770	−0.023%	$4.0M	$2.8M	125x	as long as short
KuCoin EGLDUSDTM	+0.0100%	8h	4.3830	+0.114%	$2.8M	$996K	50x	as long as short
Bitget EGLDUSDTlong	+0.0100%	8h	4.3780	long leg	$2.2M	$3.2M	75x
Variational Omni EGLD	+0.0100%	8h	4.3722	−0.132%	$16K	$54K	—	as long as short
BloFin EGLD-USDT	+0.0220%	8h	4.3750	−0.069%	$212K	$553K	75x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX EGLD-USDT	+0.0422%	8h	4.3780	0.000%	—	$2.8M	—	as long as short
OKX EGLD-USDT-SWAP	+0.0438%	8h	4.3770	−0.023%	$597K	$3.3M	20x	as long as short