Settings8H · net · $10k
Funding arb · Price arb /

CHZ

all CHZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC−0.0249%/8h= −27.3% APRpaid last 24h −0.091%
Price spread now: Bitget against Kraken Futures−0.275%48s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.949%+$95 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bitget is 0.275% cheaper against Kraken Futures than usual: you would sell low and buy high (−$27 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.949%, so the current rate has only just turned against you. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_CHZUSD0.015740.0349pay 0.0044% / 1h52m 25s$69K$72K25x
ShortBitget CHZUSDT0.015700.0100get 0.0100% / 8h5h 52m$3.8M$730K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
−$52.37
Price spread: −0.275% → 0.000%
−$27.47
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$101.84
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Bitget: live order book, 3 min ago. Net counts fees only.

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 Bitget live order book, 3 min ago6.34 bp20.3 bp −$2047.8 bp −$478doesn't fitdoesn'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.

CHZ on 19 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX CHZ-USD0.0000%1h0.01577+0.198%$3K$6535xas long as short
Injective CHZ/USDC PERP+0.0033%1h0.01574−0.021%$1K$75.5xas long as short
Bybit CHZUSDT+0.0049%8h0.01569−0.338%$4.0M$1.1M75xas long as short
BloFin CHZ-USDT+0.0093%8h0.01575+0.043%$331K$18K75xas long as short
Aster CHZUSDT+0.0100%8h0.01573−0.068%$19K$26K10xas long as short
Binance CHZUSDT+0.0100%8h0.01572−0.171%$6.8M$11.6M75xas long as short
OKX CHZ-USDT-SWAP+0.0100%8h0.01571−0.211%$1.5M$2.7M50xas long as short
Gate CHZ_USDT+0.0100%8h0.01574−0.021%$321K$212K50xas long as short
MEXC CHZ_USDT+0.0100%8h0.01572−0.148%$4.5M$976K200xas long as short
KuCoin CHZUSDTM+0.0100%8h0.01575+0.043%$687K$182K50xas long as short
Show all 19 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CHZUSDTshort+0.0100%8h0.01570−0.275%$3.8M$730K75x
BingX CHZ-USDT+0.0100%8h0.01573−0.084%$2.4Mas long as short
Variational Omni CHZ+0.0100%8h0.01573−0.078%$3K$5Kas long as short
ApeX Omni CHZUSDT+0.0100%1h0.01577+0.170%$47K$673K50xas long as short
SoDEX CHZ-USD+0.0100%1h0.01575+0.043%$309$6K5xas long as short
HTX CHZ-USDT+0.0100%8h0.01577+0.170%$52K$18K20xas long as short
Extended CHZ-USD+0.0104%1h0.01573−0.089%$2K$286K10xas long as short
GMX CHZ/USD [ETH-USDC]L +0.0322% / S −0.0133%1h0.01574−0.021%$6K50xas long as short
Kraken Futures PF_CHZUSDlong+0.0349%1h0.01574long leg$69K$72K25x