data as of
Settings8H · net · $10k
Funding arb /

T

all T markets
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Funding spread now, next payment 15:00 UTC+0.2634%/8h
paid, last 24h+0.405%paid, last 4 days−0.263%to open and closeno order book
The current rate is far above what this pair has been paying: over the last 4 days it paid -0.263% in total (about -27.0% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_TUSD0.005096−0.3690get 0.0461% / 1h37m 19s$2K$3K10x
ShortMEXC T_USDT0.005105−0.1056pay 0.0528% / 4h1h 37m$3.1M$298K20x

Funding history

latest
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Funding on every exchange

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Profit calculator

Funding earned
$553.07
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee MEXC: 2 bp × 2 orders
−$4
Net
$539.07
Break-even
0.2 days
Slippage unknown: Kraken Futures: no order-book sample; MEXC: live order book, 1 min ago. Net counts fees only.

Price risk

price view
Price gap now
+0.173%
Avg gap 7d
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures no order-book sample
Sell MEXC live order book, 1 min ago1.96 bp8.6 bp −$925.2 bp −$252108.3 bp −$10.8Kdoesn'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.

T on 8 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_TUSDlong−0.3690%1h$2K$3K10x
Gate T_USDT−0.1180%4h$213K$142K20xas long as short
Bitget TUSDT−0.1090%4h$923K$802K50xas long as short
KuCoin TUSDTM−0.1088%4h$1.4M$100K12xas long as short
MEXC T_USDTshort−0.1056%4h$3.1M$298K20x
Binance TUSDT−0.1045%4h$3.3M$11.8M50xas long as short
Bybit TUSDT−0.0955%4h$1.7M$2.5M25xas long as short
Variational Omni T−0.0832%4h$7K$13Kas long as short