Funding arb · Price arb /

EGLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.1601%/8h= +175.3% APRpaid last 24h +0.185%

Price spread now: BingX against Kraken Futures−0.213%7-day average −0.161% · you buy dearer than you sell

Net, funding: paid 7d − costs+$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$990.995% of the position

Long on Kraken Futures Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.017%+$102 on $10k

Price spread, last 3 days (all we have)−0.138%−$14 · spread now −0.213%, 7d avg −0.161%

Together, before fees+0.878%+$88 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.052% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.213% now, against its 7-day average of −0.161%). If the spread goes back, that is −$5 on $10k: about 3 hours of funding at the current rate (+$48 a day). At the pace of the last 7 days (+1.017% in total) that is about 9 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.017% in total (about 53.0% 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_EGLDUSD	4.2631	−0.1501	get 0.0188% / 1h	49m 15s	$423K	$697K	20x
Short	BingX EGLD-USDT	4.2540	0.0100	get 0.0100% / 8h	1h 49m	—	$2.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.213%Rate

Funding earned: $336.22
Price spread: −0.213% → −0.161%: −$5.18
Slippage, 4 orders: −$79.49
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: $231.55
Costs to cover: 0.995%
Break-even: 2.2 days

Slippage from Kraken Futures: live order book, 34 min ago; BingX: live order book, 15 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 Kraken Futures live order book, 34 min ago	10.48 bp	27.9 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 15 min ago	7.00 bp	26.5 bp −$27	51.5 bp −$515	243.7 bp −$24.4K	951.2 bp −$475.6K

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_EGLDUSDlong	−0.1501%	1h	4.2631	long leg	$423K	$697K	20x
Injective EGLD/USDC PERP	+0.0033%	1h	3.6600	−14.147%	$16	$46K	5.5x	as long as short
KuCoin EGLDUSDTM	+0.0053%	8h	4.2650	+0.045%	$2.5M	$1.3M	50x	as long as short
Binance EGLDUSDT	+0.0100%	8h	4.2570	−0.143%	$4.5M	$26.6M	75x	as long as short
Bybit EGLDUSDT	+0.0100%	8h	4.2570	−0.143%	$2.6M	$8.7M	75x	as long as short
OKX EGLD-USDT-SWAP	+0.0100%	8h	4.2600	−0.072%	$595K	$4.9M	20x	as long as short
Gate EGLD_USDT	+0.0100%	8h	4.2640	+0.022%	$511K	$678K	30x	as long as short
MEXC EGLD_USDT	+0.0100%	8h	4.2560	−0.166%	$4.3M	$3.5M	125x	as long as short
Bitget EGLDUSDT	+0.0100%	8h	4.2620	−0.025%	$2.2M	$4.2M	75x	as long as short
BingX EGLD-USDTshort	+0.0100%	8h	4.2540	−0.213%	—	$2.9M	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni EGLD	+0.0100%	8h	4.2661	+0.072%	$17K	$56K	—	as long as short
BloFin EGLD-USDT	+0.0220%	8h	4.2600	−0.072%	$222K	$468K	75x	as long as short