Funding arb · Price arb /

EGLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0829%/8h= −90.8% APRpaid last 24h −0.101%

Price spread now: Kraken Futures against Binance+0.285%7-day average +0.149% · you sell dearer than you buy

Net, funding: paid 7d − costs−$150as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$990.990% of the position

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.512%−$51 on $10k

Price spread, last 4 days (all we have)+0.328%+$33 · spread now +0.285%, 7d avg +0.149%

Together, before fees−0.184%−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.136% dearer against Binance than usual: you sell high and buy low (spread +0.285% now, against its 7-day average of +0.149%): +$14 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.512% in total) that is about 45 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.512% in total (about -26.7% 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	Binance EGLDUSDT	4.3750	0.0100	pay 0.0100% / 8h	7h 40m	$4.5M	$19.0M	75x
Short	Kraken Futures PF_EGLDUSD	4.3875	−0.0729	pay 0.0091% / 1h	40m 57s	$433K	$568K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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 BinancebpFee Kraken FuturesbpOrdersPrice spread, now +0.285%Rate

Funding earned: −$174.16
Price spread: +0.285% → +0.149%: $13.61
Slippage, 4 orders: −$78.95
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$259.5
Costs to cover: 0.990%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; Kraken Futures: live order book, 57 min ago.

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 Binance live order book, 15 min ago	2.30 bp	17.1 bp −$17	48.6 bp −$486	374.4 bp −$37.4K	doesn't fit
Sell Kraken Futures live order book, 57 min ago	13.73 bp	30.5 bp −$30	doesn't fit	doesn't fit	doesn't fit

EGLD 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
Kraken Futures PF_EGLDUSDshort	−0.0729%	1h	4.3875	+0.285%	$433K	$568K	20x
Injective EGLD/USDC PERP	+0.0033%	1h	3.6600	−16.343%	$16	$46K	5.5x	as long as short
Binance EGLDUSDTlong	+0.0100%	8h	4.3750	long leg	$4.5M	$19.0M	75x
Bybit EGLDUSDT	+0.0100%	8h	4.3780	+0.069%	$2.5M	$6.4M	75x	as long as short
Gate EGLD_USDT	+0.0100%	8h	4.3880	+0.297%	$448K	$456K	30x	as long as short
MEXC EGLD_USDT	+0.0100%	8h	4.3760	+0.023%	$4.0M	$2.3M	125x	as long as short
KuCoin EGLDUSDTM	+0.0100%	8h	4.3880	+0.297%	$2.9M	$923K	50x	as long as short
Bitget EGLDUSDT	+0.0100%	8h	4.3770	+0.046%	$2.2M	$3.1M	75x	as long as short
Variational Omni EGLD	+0.0100%	8h	4.3938	+0.429%	$17K	$54K	—	as long as short
BloFin EGLD-USDT	+0.0220%	8h	4.3840	+0.206%	$212K	$554K	75x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX EGLD-USDT	+0.0390%	8h	4.3820	+0.160%	—	$2.8M	—	as long as short
OKX EGLD-USDT-SWAP	+0.0402%	8h	4.3800	+0.114%	$595K	$3.1M	20x	as long as short