Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0518%/8h= +56.7% APRpaid last 24h +4.346%

Price spread now: Kraken Futures against Gate+0.283%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short 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

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Kraken Futures is 0.283% dearer against Gate than usual: you sell high and buy low: +$28 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate IO_USDT	0.1522	0.0100	pay 0.0050% / 4h	3h 29m	$242K	$546K	50x
Short	Kraken Futures PF_IOUSD	0.1527	0.0618	get 0.0077% / 1h	29m 13s	$40K	$18K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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 GatebpFee Kraken FuturesbpOrdersPrice spread, now +0.283%Rate

Funding earned: $108.76
Price spread: +0.283% → 0.000%: $28.28
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $112.03
Costs to cover: 0.250%
Break-even: from the start

Slippage unknown: Gate: live order book, 42 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 42 min ago	5.61 bp	180.4 bp −$180	16194.7 bp −$161.9K	doesn't fit	doesn'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.

IO on 14 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
Hyperliquid IO	+0.0100%	1h	0.1523	+0.079%	$1.0M	$383K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1524	+0.088%	$6K	$32K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1524	+0.086%	$3.0M	$6.6M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1523	+0.053%	$1.1M	$894K	25x	as long as short
Gate IO_USDTlong	+0.0100%	4h	0.1522	long leg	$242K	$546K	50x
MEXC IO_USDT	+0.0100%	4h	0.1523	+0.053%	$1.2M	$230K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1523	+0.053%	$376K	$673K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1523	+0.053%	$1.3M	$1.2M	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1523	+0.053%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1521	−0.061%	$33K	$8K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended IO-USD	+0.0104%	1h	0.1523	+0.039%	$910	$149K	5x	as long as short
BloFin IO-USDT	+0.0146%	4h	0.1523	+0.053%	$194K	$32K	50x	as long as short
Injective IO/USDC PERP	+0.0414%	1h	0.1517	−0.342%	$2K	$202	5.5x	as long as short
Kraken Futures PF_IOUSDshort	+0.0618%	1h	0.1527	+0.283%	$40K	$18K	10x