Funding arb · Price arb /

EGLD

all EGLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.2737%/8h= −299.7% APRpaid last 24h +0.085%

Price spread now: Kraken Futures against KuCoin−0.048%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$206as in the Funding arb table

Net, price: spread back to 7d avg − costs−$195as in the Price arb table

costs, in and out, $10k−$1961.964% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.098%−$10 on $10k

Price spread, last 3 days (all we have)+0.274%+$27 · spread now −0.048%, 7d avg −0.061%

Together, before fees+0.176%+$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.061%, so right now this pair is about funding alone: −$82 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 -0.098% in total (about -5.1% 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	KuCoin EGLDUSDTM	4.3300	0.0100	pay 0.0100% / 8h	13m 14s	$2.7M	$1.4M	50x
Short	Kraken Futures PF_EGLDUSD	4.3279	−0.2637	pay 0.0330% / 1h	13m 14s	$429K	$719K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against KuCoin. 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 KuCoinbpFee Kraken FuturesbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$574.82
Price spread: −0.048% → −0.061%: $1.38
Slippage, 4 orders: −$174.4
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$769.85
Costs to cover: 1.964%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Kraken Futures: live order book, 65 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 KuCoin live order book, 4 min ago	5.75 bp	75.9 bp −$76	554.6 bp −$5,546	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 65 min ago	15.24 bp	33.5 bp −$33	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	−0.2637%	1h	4.3279	−0.048%	$429K	$719K	20x
Injective EGLD/USDC PERP	+0.0033%	1h	3.6600	−15.473%	$16	$46K	5.5x	as long as short
Binance EGLDUSDT	+0.0100%	8h	4.3207	−0.215%	$4.6M	$26.7M	75x	as long as short
Bybit EGLDUSDT	+0.0100%	8h	4.3200	−0.231%	$2.6M	$8.8M	75x	as long as short
OKX EGLD-USDT-SWAP	+0.0100%	8h	4.3200	−0.231%	$612K	$5.1M	20x	as long as short
Gate EGLD_USDT	+0.0100%	8h	4.3330	+0.069%	$515K	$682K	30x	as long as short
MEXC EGLD_USDT	+0.0100%	8h	4.3230	−0.162%	$4.5M	$3.4M	125x	as long as short
KuCoin EGLDUSDTMlong	+0.0100%	8h	4.3300	long leg	$2.7M	$1.4M	50x
Bitget EGLDUSDT	+0.0100%	8h	4.3220	−0.185%	$2.2M	$4.3M	75x	as long as short
BingX EGLD-USDT	+0.0100%	8h	4.3250	−0.115%	—	$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	4.3364	+0.147%	$17K	$56K	—	as long as short
BloFin EGLD-USDT	+0.0220%	8h	4.3200	−0.231%	$222K	$465K	75x	as long as short