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Funding arb · Price arb /

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 03:00 UTC−0.1663%/8h= −182.1% APRpaid last 24h −0.311%
Price spread now: Kraken Futures against Binance+0.108%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BinanceShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread pays, funding is against you. Kraken Futures is 0.108% dearer against Binance than usual: you sell high and buy low (spread +0.108% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$50 a day in funding at the current rate, which eats that in about 5 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance GMTUSDT0.0085550.0100pay 0.0050% / 4h1h 30m$2.9M$5.1M50x
ShortKraken Futures PF_GMTUSD0.008564−0.1563pay 0.0195% / 1h30m 01s$44K$13K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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

Funding earned
−$349.2
Price spread: +0.108% → 0.000%
$10.77
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$358.43
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 8 min ago; Kraken Futures: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 8 min ago2.35 bp17.9 bp −$18142.0 bp −$1,420doesn't fitdoesn't fit
Sell Kraken Futures no order-book sample—————
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

GMT on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_GMTUSDshort−0.1563%1h0.008564+0.108%$44K$13K20x
KuCoin GMTUSDTM−0.0500%4h0.008550−0.058%$280K$192K50xas long as short
OKX GMT-USDT-SWAP−0.0247%4h0.008549−0.070%$392K$1.1M20xas long as short
Bybit GMTUSDT−0.0233%8h0.008557+0.023%$1.1M$1.9M50xas long as short
Gate GMT_USDT−0.0034%8h0.008540−0.175%$150K$177K50xas long as short
Aster GMTUSDT+0.0013%4h0.008549−0.073%$8K$21K10xas long as short
Variational Omni GMT+0.0071%8h0.008544−0.126%$3K$5K—as long as short
Hyperliquid GMT+0.0100%1h0.008554−0.012%$116K$148K3xas long as short
Binance GMTUSDTlong+0.0100%4h0.008555long leg$2.9M$5.1M50x
MEXC GMT_USDT+0.0100%4h0.008554−0.012%$443K$211K20xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget GMTUSDT+0.0100%4h0.008557+0.023%$673K$632K50xas long as short
BingX GMT-USDT+0.0100%4h0.008550−0.058%—$1.3M—as long as short