Funding arb · Price arb /

EGLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0924%/8h= −101.2% APRpaid last 24h −0.117%

Price spread now: Kraken Futures against OKX−0.030%45s7-day average +0.182% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1051.047% of the position

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.313%−$31 on $10k

Price spread, last 4 days (all we have)+0.494%+$49 · spread now −0.030%, 7d avg +0.182%

Together, before fees+0.180%+$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and Kraken Futures is 0.212% cheaper against OKX than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.182%). Swap the legs. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

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	OKX EGLD-USDT-SWAP	4.3430	0.0320	pay 0.0320% / 8h	3h 06m	$608K	$4.6M	20x
Short	Kraken Futures PF_EGLDUSD	4.3417	−0.0604	pay 0.0076% / 1h	6m 35s	$432K	$679K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against OKX. 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 OKXbpFee Kraken FuturesbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$194.14
Price spread: −0.030% → +0.182%: −$21.19
Slippage, 4 orders: −$84.7
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$320.03
Costs to cover: 1.047%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Kraken Futures: live order book, 47 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 OKX live order book, 1 min ago	2.31 bp	24.2 bp −$24	2258.8 bp −$22.6K	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 47 min ago	12.59 bp	30.1 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	−0.0604%	1h	4.3417	−0.030%	$432K	$679K	20x
Injective EGLD/USDC PERP	+0.0033%	1h	3.6600	−15.726%	$16	$46K	5.5x	as long as short
Binance EGLDUSDT	+0.0100%	8h	4.3440	+0.023%	$4.7M	$25.1M	75x	as long as short
Bybit EGLDUSDT	+0.0100%	8h	4.3410	−0.046%	$2.6M	$8.1M	75x	as long as short
Gate EGLD_USDT	+0.0100%	8h	4.3470	+0.092%	$450K	$661K	30x	as long as short
MEXC EGLD_USDT	+0.0100%	8h	4.3430	0.000%	$3.9M	$3.3M	125x	as long as short
KuCoin EGLDUSDTM	+0.0100%	8h	4.3490	+0.138%	$2.8M	$1.2M	50x	as long as short
Bitget EGLDUSDT	+0.0100%	8h	4.3440	+0.023%	$2.2M	$3.9M	75x	as long as short
Variational Omni EGLD	+0.0100%	8h	4.3332	−0.226%	$16K	$55K	—	as long as short
BloFin EGLD-USDT	+0.0220%	8h	4.3370	−0.138%	$221K	$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	+0.0303%	8h	4.3470	+0.092%	—	$2.8M	—	as long as short
OKX EGLD-USDT-SWAPlong	+0.0320%	8h	4.3430	long leg	$608K	$4.6M	20x