Funding arb · Price arb /

ONT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.014%

Price spread now: KuCoin against Kraken Futures+0.067%52s7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on KuCoin

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 +$3 a day on $10k at the current rate, and KuCoin is 0.067% dearer against Kraken Futures than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 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	Kraken Futures PF_ONTUSD	0.05648	0.0000	pay 0.0000% / 1h	23m 26s	$9K	$236	10x
Short	KuCoin ONTUSDTM	0.05652	0.0100	get 0.0050% / 4h	3h 23m	$526K	$45K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Kraken Futures. 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 Kraken FuturesbpFee KuCoinbpOrdersPrice spread, now +0.067%Rate

Funding earned: $21
Price spread: +0.067% → 0.000%: $6.7
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $5.7
Costs to cover: 0.220%
Break-even: 5.1 days

Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 29 min ago. 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 29 min ago	10.59 bp	229.5 bp −$230	doesn't fit	doesn't fit	doesn't fit

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
Kraken Futures PF_ONTUSDlong	0.0000%	1h	0.05648	long leg	$9K	$236	10x
Aster ONTUSDT	+0.0100%	4h	0.05660	+0.202%	$27K	$388	5x	as long as short
Binance ONTUSDT	+0.0100%	4h	0.05654	+0.102%	$2.4M	$2.6M	50x	as long as short
OKX ONT-USDT-SWAP	+0.0100%	4h	0.05651	+0.049%	$798K	$882K	20x	as long as short
Gate ONT_USDT	+0.0100%	4h	0.05660	+0.209%	$176K	$56K	50x	as long as short
MEXC ONT_USDT	+0.0100%	4h	0.05653	+0.085%	$1.5M	$152K	50x	as long as short
KuCoin ONTUSDTMshort	+0.0100%	4h	0.05652	+0.067%	$526K	$45K	30x
Bitget ONTUSDT	+0.0100%	4h	0.05652	+0.067%	$799K	$327K	50x	as long as short
BloFin ONT-USDT	+0.0153%	4h	0.05646	−0.039%	$131K	$23K	50x	as long as short
Variational Omni ONT	+0.1157%	4h	0.05641	−0.127%	$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	+0.1264%	4h	0.05653	+0.085%	—	$2.3M	—	as long as short
Bybit ONTUSDT	+0.1657%	4h	0.05647	−0.022%	$803K	$314K	25x	as long as short