Funding arb · Price arb /

SAMSUNG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0243%/8h= −26.7% APRpaid last 24h −0.091%

Price spread now: Kraken Futures against Orderly−0.160%7-day average — · you buy dearer than you sell

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

Long on Orderly 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 −$7 a day on $10k at the current rate, and Kraken Futures is 0.160% cheaper against Orderly than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SAMSUNG_USDC_mythos	206.89	0.0100	pay 0.0100% / 8h	4h 33m	$3K	$488	10x
Short	Kraken Futures PF_SAMSUNGUSD	206.56	−0.0143	pay 0.0018% / 1h	33m 55s	$47K	$16K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Orderly. 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 OrderlybpFee Kraken FuturesbpOrdersPrice spread, now −0.160%Rate

Funding earned: −$51.13
Price spread: −0.160% → 0.000%: −$15.98
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$83.11
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

Orderly and 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.

SAMSUNG on 24 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
edgeX SAMSUNGUSDC	−0.0797%	4h	206.79	−0.048%	$254K	$364K	10x	as long as short
tradeXYZ xyz:SMSN	−0.0569%	1h	206.66	−0.111%	$43.5M	$45.2M	10x	as long as short
Kraken Futures PF_SAMSUNGUSDshort	−0.0143%	1h	206.56	−0.160%	$47K	$16K	20x
Bybit SAMSUNGUSDT	−0.0140%	8h	206.89	0.000%	$7.6M	$15.6M	100x	as long as short
Aster SAMSUNGUSDT	0.0000%	4h	206.85	−0.020%	$104K	$124K	50x	as long as short
Extended SAMSUNG-USD	0.0000%	1h	206.85	−0.021%	$194K	$71K	10x	as long as short
Binance SAMSUNGUSDT	0.0000%	4h	206.89	+0.001%	$23.7M	$148.2M	25x	as long as short
OKX SAMSUNG-USDT-SWAP	0.0000%	8h	206.77	−0.058%	$6.1M	$22.5M	25x	as long as short
Gate SAMSUNG_USDT	0.0000%	4h	207.03	+0.068%	$10.2M	$24.0M	75x	as long as short
Bitget SAMSUNGUSDT	0.0000%	4h	206.95	+0.029%	$4.5M	$14.8M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SAMSUNG_USDT_Perp	0.0000%	4h	206.86	−0.015%	$25K	$168K	10x	as long as short
SunX SAMSUNG-USDT	0.0000%	4h	206.86	−0.015%	$954	$936K	10x	as long as short
HTX SAMSUNG-USDT	0.0000%	4h	206.72	−0.082%	$70K	$105K	20x	as long as short
Phemex SAMSUNGUSDT	0.0000%	8h	206.75	−0.068%	$2.7M	$1.2M	10x	as long as short
BloFin SAMSUNG-USDT	+0.0030%	4h	206.88	−0.005%	$332K	$220K	25x	as long as short
Polymarket Perps SAMSUNG-USD	+0.0050%	1h	206.80	−0.044%	$45K	$55K	10x	as long as short
SoDEX SAMSUNG-USD	+0.0050%	1h	206.84	−0.024%	$3K	$3K	10x	as long as short
Ondo Perps SMSN-USD.P	+0.0050%	1h	206.86	−0.015%	$318K	$266K	10x	as long as short
Aftermath Perps SAMSUNGUSD	+0.0082%	1h	206.70	−0.092%	$853	$31K	5x	as long as short
Pacifica SAMSUNG	+0.0100%	1h	206.77	−0.059%	$86K	$47K	10x	as long as short
KuCoin SAMSUNGUSDTM	+0.0100%	4h	206.83	−0.029%	$566K	$110K	20x	as long as short
ApeX Omni SAMSUNGUSDT	+0.0100%	1h	206.89	0.000%	$5K	$141K	50x	as long as short
Orderly PERP_SAMSUNG_USDC_mythoslong	+0.0100%	8h	206.89	long leg	$3K	$488	10x
Aevo SMSN-PERP	+0.0240%	1h	206.91	+0.010%	$33K	—	10x	as long as short