Funding arb · Price arb /

ATH

all ATH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.2911%/8h= +318.8% APRpaid last 24h −1.203%

Price spread now: Gate against Kraken Futures+0.154%7-day average −0.178% · you sell dearer than you buy

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

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.216%−$22 on $10k

Price spread, last 3 days (all we have)−0.211%−$21 · spread now +0.154%, 7d avg −0.178%

Together, before fees−0.427%−$43 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$87 a day on $10k at the current rate, and Gate is 0.332% dearer against Kraken Futures than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of −0.178%. Mind the row above: over the last 7 days funding on this pair cost −0.216%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.216% in total (about -11.3% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ATHUSD	0.005530	−0.2811	get 0.0351% / 1h	55m 05s	$19K	$106K	10x
Short	Gate ATH_USDT	0.005539	0.0100	get 0.0050% / 4h	3h 55m	$790K	$506K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.154%Rate

Funding earned: $611.4
Price spread: +0.154% → −0.178%: $33.16
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $619.56
Costs to cover: 0.250%
Break-even: from the start

Slippage unknown: Kraken Futures: live order book, 17 min ago; Gate: live order book, 17 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 live order book, 17 min ago	12.61 bp	75.0 bp −$75	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 17 min ago	6.32 bp	55.0 bp −$55	doesn't fit	doesn't fit	doesn't fit

ATH on 13 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_ATHUSDlong	−0.2811%	1h	0.005530	long leg	$19K	$106K	10x
Variational Omni ATH	−0.0058%	4h	0.005587	+1.026%	$187K	$94K	—	as long as short
dYdX ATH-USD	0.0000%	1h	0.005586	+1.008%	$11K	$16	5x	as long as short
OKX ATH-USDT-SWAP	+0.0048%	4h	0.005539	+0.154%	$704K	$1.2M	20x	as long as short
BloFin ATH-USDT	+0.0093%	4h	0.005540	+0.172%	$170K	$67K	75x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005547	+0.290%	$4K	$39K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005545	+0.262%	$3.4M	$3.9M	50x	as long as short
Bybit ATHUSDT	+0.0100%	4h	0.005538	+0.136%	$4.4M	$2.3M	25x	as long as short
Gate ATH_USDTshort	+0.0100%	4h	0.005539	+0.154%	$790K	$506K	30x
MEXC ATH_USDT	+0.0100%	4h	0.005542	+0.208%	$8.9M	$581K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ATHUSDTM	+0.0100%	4h	0.005544	+0.244%	$562K	$79K	30x	as long as short
Bitget ATHUSDT	+0.0100%	4h	0.005545	+0.262%	$1.6M	$850K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005543	+0.226%	—	$21.4M	—	as long as short