Funding arb · Price arb /

DEXE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0578%/8h= −63.3% APRpaid last 24h +0.037%

Price spread now: Binance against Kraken Futures+0.001%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$17 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.038% in total (about 2.0% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_DEXEUSD	1.9490	0.0678	pay 0.0085% / 1h	21m 06s	$43K	$54K	20x
Short	Binance DEXEUSDT	1.9490	0.0100	get 0.0050% / 4h	21m 06s	$7.1M	$8.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.001%Rate

Funding earned: −$121.47
Price spread: +0.001% → 0.000%: $0.13
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$141.34
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Binance: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Kraken Futures no order-book sample	—	—	—	—	—
Sell Binance live order book, 3 min ago	2.57 bp	15.3 bp −$15	53.8 bp −$538	doesn't fit	doesn'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.

DEXE on 12 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
Injective DEXE/USDC PERP	+0.0033%	1h	1.8600	−4.565%	—	$3K	5.5x	as long as short
Aster DEXEUSDT	+0.0100%	4h	1.9490	+0.001%	$173K	$34K	5x	as long as short
Binance DEXEUSDTshort	+0.0100%	4h	1.9490	+0.001%	$7.1M	$8.8M	20x
Bybit DEXEUSDT	+0.0100%	4h	1.9510	+0.104%	$2.4M	$925K	20x	as long as short
Gate DEXE_USDT	+0.0100%	4h	1.9490	+0.001%	$488K	$779K	20x	as long as short
MEXC DEXE_USDT	+0.0100%	4h	1.9490	+0.001%	$1.8M	$213K	20x	as long as short
Bitget DEXEUSDT	+0.0100%	4h	1.9470	−0.101%	$3.2M	$553K	10x	as long as short
BingX DEXE-USDT	+0.0100%	4h	1.9490	+0.001%	—	$1.8M	—	as long as short
Variational Omni DEXE	+0.0100%	4h	1.9512	+0.116%	$35K	$2K	—	as long as short
Orderly PERP_DEXE_USDC_mythos	+0.0100%	4h	1.9480	−0.050%	$8K	—	10x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin DEXE-USDT	+0.0340%	4h	1.9470	−0.101%	$396K	$33K	20x	as long as short
Kraken Futures PF_DEXEUSDlong	+0.0678%	1h	1.9490	long leg	$43K	$54K	20x