Funding arb · Price arb /

YGG

all YGG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.2295%/8h= −251.3% APRpaid last 24h −0.572%

Price spread now: Kraken Futures against OKX−0.155%45s7-day average — · you buy dearer than you sell

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

Long on OKX 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 against this trade now: funding costs −$69 a day on $10k at the current rate, and Kraken Futures is 0.155% cheaper against OKX than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 45 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	OKX YGG-USDT-SWAP	0.02567	0.0100	pay 0.0050% / 4h	4m 38s	$955K	$1.1M	10x
Short	Kraken Futures PF_YGGUSD	0.02563	−0.2195	pay 0.0274% / 1h	4m 38s	$12K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against OKX. 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 OKXbpFee Kraken FuturesbpOrdersPrice spread, now −0.155%Rate

Funding earned: −$482.04
Price spread: −0.155% → 0.000%: −$15.49
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$517.53
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 5 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 OKX live order book, 5 min ago	3.89 bp	39.0 bp −$39	doesn't fit	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.

YGG on 12 exchanges

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_YGGUSDshort	−0.2195%	1h	0.02563	−0.155%	$12K	$1K	10x
Hyperliquid YGG	+0.0100%	1h	0.02567	+0.012%	$181K	$138K	3x	as long as short
Aster YGGUSDT	+0.0100%	4h	0.02567	+0.001%	$187	$5K	5x	as long as short
Binance YGGUSDT	+0.0100%	4h	0.02566	−0.058%	$2.0M	$2.2M	50x	as long as short
Bybit YGGUSDT	+0.0100%	4h	0.02569	+0.078%	$612K	$418K	25x	as long as short
OKX YGG-USDT-SWAPlong	+0.0100%	4h	0.02567	long leg	$955K	$1.1M	10x
Gate YGG_USDT	+0.0100%	4h	0.02569	+0.078%	$280K	$749K	20x	as long as short
MEXC YGG_USDT	+0.0100%	4h	0.02566	−0.039%	$1.0M	$360K	50x	as long as short
KuCoin YGGUSDTM	+0.0100%	4h	0.02571	+0.156%	$193K	$69K	30x	as long as short
Bitget YGGUSDT	+0.0100%	4h	0.02568	+0.039%	$488K	$218K	50x	as long as short

Show all 12 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX YGG-USDT	+0.0100%	4h	0.02568	+0.039%	—	$2.4M	—	as long as short
Variational Omni YGG	+0.0100%	4h	0.02569	+0.069%	$2K	$598	—	as long as short