Funding arb · Price arb /

EGLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0270%/8h= +29.5% APRpaid last 24h +0.024%

Price spread now: Gate against Kraken Futures+0.135%7-day average −0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs−$131as in the Price arb table

costs, in and out, $10k−$1501.498% of the position

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.184%−$18 on $10k

Price spread, last 4 days (all we have)−0.434%−$43 · spread now +0.135%, 7d avg −0.054%

Together, before fees−0.618%−$62 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Gate is 0.190% dearer against Kraken Futures than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.054%. Mind the row above: over the last 7 days funding on this pair cost −0.184%, 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 -0.184% in total (about -9.6% 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_EGLDUSD	4.3102	−0.0170	get 0.0021% / 1h	54m 02s	$437K	$720K	20x
Short	Gate EGLD_USDT	4.3160	0.0100	get 0.0100% / 8h	1h 54m	$441K	$611K	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 +0.135%Rate

Funding earned: $56.64
Price spread: +0.135% → −0.054%: $18.99
Slippage, 4 orders: −$124.76
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$74.14
Costs to cover: 1.498%
Break-even: 16.2 days

Slippage from Kraken Futures: live order book, 54 min ago; Gate: live order book, 52 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 Kraken Futures live order book, 54 min ago	14.95 bp	39.1 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 52 min ago	5.80 bp	38.1 bp −$38	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_EGLDUSDlong	−0.0170%	1h	4.3102	long leg	$437K	$720K	20x
Injective EGLD/USDC PERP	+0.0033%	1h	3.6600	−15.084%	$16	$46K	5.5x	as long as short
Binance EGLDUSDT	+0.0100%	8h	4.3090	−0.027%	$4.4M	$25.1M	75x	as long as short
Bybit EGLDUSDT	+0.0100%	8h	4.3080	−0.050%	$2.5M	$8.1M	75x	as long as short
Gate EGLD_USDTshort	+0.0100%	8h	4.3160	+0.135%	$441K	$611K	30x
MEXC EGLD_USDT	+0.0100%	8h	4.3070	−0.073%	$4.0M	$2.9M	125x	as long as short
KuCoin EGLDUSDTM	+0.0100%	8h	4.3190	+0.205%	$2.8M	$1.2M	50x	as long as short
Bitget EGLDUSDT	+0.0100%	8h	4.3090	−0.027%	$2.2M	$4.0M	75x	as long as short
Variational Omni EGLD	+0.0100%	8h	4.3127	+0.060%	$16K	$55K	—	as long as short
BloFin EGLD-USDT	+0.0220%	8h	4.3130	+0.066%	$211K	$573K	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	+0.0370%	8h	4.3100	−0.004%	—	$2.8M	—	as long as short
OKX EGLD-USDT-SWAP	+0.0380%	8h	4.3120	+0.043%	$588K	$4.3M	20x	as long as short