Funding you earn now, next payment 05:00 UTC+0.0873%/8h= +95.6% APRpaid last 24h +0.117%
Price spread now: OKX against Kraken Futures−0.227%7-day average −0.182% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1081.076% of the position
Funding, last 7 days+0.313%+$31 on $10k
+Price spread, last 4 days (all we have)−0.237%−$24 · spread now −0.227%, 7d avg −0.182%
=Funding pays, the price is against you. OKX is 0.045% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.227% now, against its 7-day average of −0.182%). If the spread goes back, that is −$5 on $10k: about 4 hours of funding at the current rate (+$26 a day). At the pace of the last 7 days (+0.313% in total) that is about 24 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.313% in total (about 16.3% 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 | 4.3449 | −0.0604 | get 0.0075% / 1h | 42m 46s | $433K | $674K | 20x |
| Short | OKX EGLD-USDT-SWAP | 4.3350 | 0.0270 | get 0.0270% / 8h | 3h 42m | $613K | $4.7M | 20x |
Kraken Futures PF_EGLDUSD
OKX EGLD-USDT-SWAPFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $183.43
- Price spread: −0.227% → −0.182%
- −$4.52
- Slippage, 4 orders
- −$87.61
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $71.3
- Costs to cover
- 1.076%
- Break-even
- 4.3 days
Slippage from Kraken Futures: live order book, 10 min ago; OKX: 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 Kraken Futures live order book, 10 min ago | 12.59 bp | 27.0 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 3.45 bp | 24.3 bp −$24 | 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 | −0.0604% | 1h | 4.3449 | long leg | $433K | $674K | 20x | |
| Injective EGLD/USDC PERP | +0.0033% | 1h | 3.6600 | −15.763% | $16 | $46K | 5.5x | as long as short |
| Binance EGLDUSDT | +0.0100% | 8h | 4.3350 | −0.228% | $4.7M | $25.7M | 75x | as long as short |
| Bybit EGLDUSDT | +0.0100% | 8h | 4.3340 | −0.250% | $2.6M | $8.2M | 75x | as long as short |
| Gate EGLD_USDT | +0.0100% | 8h | 4.3430 | −0.043% | $448K | $658K | 30x | as long as short |
| MEXC EGLD_USDT | +0.0100% | 8h | 4.3340 | −0.250% | $3.9M | $3.3M | 125x | as long as short |
| KuCoin EGLDUSDTM | +0.0100% | 8h | 4.3410 | −0.089% | $2.8M | $1.3M | 50x | as long as short |
| Bitget EGLDUSDT | +0.0100% | 8h | 4.3390 | −0.135% | $2.2M | $4.0M | 75x | as long as short |
| Variational Omni EGLD | +0.0100% | 8h | 4.3407 | −0.095% | $17K | $54K | — | as long as short |
| BloFin EGLD-USDT | +0.0220% | 8h | 4.3410 | −0.089% | $166K | $570K | 75x | as long as short |
Injective EGLD/USDC PERP
Binance EGLDUSDT
Bybit EGLDUSDT
Gate EGLD_USDT
MEXC EGLD_USDT
KuCoin EGLDUSDTM
Bitget EGLDUSDT
Variational Omni EGLD
BloFin EGLD-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX EGLD-USDT | +0.0266% | 8h | 4.3360 | −0.204% | — | $2.8M | — | as long as short |
| OKX EGLD-USDT-SWAPshort | +0.0270% | 8h | 4.3350 | −0.227% | $613K | $4.7M | 20x |
BingX EGLD-USDT