Funding arb · Price arb /

ONT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0437%/8h= +47.8% APRpaid last 24h +0.029%

Price spread now: Kraken Futures against BloFin−0.226%597s7-day average — · you buy dearer than you sell

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

Long on BloFin 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

Funding pays, the price is against you. Kraken Futures is 0.226% cheaper against BloFin than usual: you would sell low and buy high (spread −0.226% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$23 on $10k: about 41 hours of funding at the current rate (+$13 a day). The two prices were read 597 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ONT-USDT	0.05623	0.0130	pay 0.0065% / 4h	2h 39m	$130K	$23K	50x
Short	Kraken Futures PF_ONTUSD	0.05610	0.0567	get 0.0071% / 1h	39m 09s	$9K	$262	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BloFin. 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 BloFinbpFee Kraken FuturesbpOrdersPrice spread, now −0.226%Rate

Funding earned: $91.73
Price spread: −0.226% → 0.000%: −$22.56
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $47.17
Costs to cover: 0.220%
Break-even: 3.4 days

Slippage unknown: BloFin: live order book, 12 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 BloFin live order book, 12 min ago	1.78 bp	10.4 bp −$10	29.7 bp −$297	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.

ONT 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
Aster ONTUSDT	+0.0100%	4h	0.05609	−0.251%	$26K	$537	5x	as long as short
Binance ONTUSDT	+0.0100%	4h	0.05610	−0.239%	$2.4M	$2.7M	50x	as long as short
OKX ONT-USDT-SWAP	+0.0100%	4h	0.05609	−0.249%	$800K	$923K	20x	as long as short
Gate ONT_USDT	+0.0100%	4h	0.05607	−0.285%	$177K	$59K	50x	as long as short
MEXC ONT_USDT	+0.0100%	4h	0.05609	−0.249%	$1.5M	$156K	50x	as long as short
KuCoin ONTUSDTM	+0.0100%	4h	0.05606	−0.302%	$520K	$46K	30x	as long as short
Bitget ONTUSDT	+0.0100%	4h	0.05607	−0.285%	$793K	$334K	50x	as long as short
BloFin ONT-USDTlong	+0.0130%	4h	0.05623	long leg	$130K	$23K	50x
Kraken Futures PF_ONTUSDshort	+0.0567%	1h	0.05610	−0.226%	$9K	$262	10x
Variational Omni ONT	+0.1088%	4h	0.05595	−0.504%	$4K	$3K	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ONT-USDT	+0.1128%	4h	0.05603	−0.356%	—	$2.3M	—	as long as short
Bybit ONTUSDT	+0.1180%	4h	0.05601	−0.391%	$797K	$329K	25x	as long as short