Funding arb · Price arb /

EGLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.2603%/8h= +285.0% APRpaid last 24h +0.130%

Price spread now: Bitget against Kraken Futures−0.013%7-day average −0.116% · you buy dearer than you sell

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1381.385% of the position

Long on Kraken Futures Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.236%+$24 on $10k

Price spread, last 3 days (all we have)−0.414%−$41 · spread now −0.013%, 7d avg −0.116%

Together, before fees−0.178%−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$78 a day on $10k at the current rate, and Bitget is 0.103% dearer against Kraken Futures than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.116%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.236% in total (about 12.3% 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_EGLDUSD	4.4016	−0.2503	get 0.0313% / 1h	29m 42s	$440K	$718K	20x
Short	Bitget EGLDUSDT	4.4010	0.0100	get 0.0100% / 8h	7h 29m	$2.3M	$4.3M	75x

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

Position, each leg$Hold fordaysFee Kraken FuturesbpFee BitgetbpOrdersPrice spread, now −0.013%Rate

Funding earned: $546.55
Price spread: −0.013% → −0.116%: $10.33
Slippage, 4 orders: −$116.49
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $418.39
Costs to cover: 1.385%
Break-even: 1.6 days

Slippage from Kraken Futures: live order book, 43 min ago; Bitget: live order book, 3 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, 43 min ago	19.63 bp	37.9 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	9.10 bp	26.4 bp −$26	51.8 bp −$518	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_EGLDUSDlong	−0.2503%	1h	4.4016	long leg	$440K	$718K	20x
Injective EGLD/USDC PERP	+0.0033%	1h	3.6600	−16.848%	$16	$46K	5.5x	as long as short
Binance EGLDUSDT	+0.0100%	8h	4.3966	−0.112%	$4.8M	$27.3M	75x	as long as short
Bybit EGLDUSDT	+0.0100%	8h	4.3980	−0.081%	$2.7M	$8.9M	75x	as long as short
OKX EGLD-USDT-SWAP	+0.0100%	8h	4.4080	+0.146%	$648K	$5.3M	20x	as long as short
Gate EGLD_USDT	+0.0100%	8h	4.4000	−0.035%	$511K	$688K	30x	as long as short
MEXC EGLD_USDT	+0.0100%	8h	4.3970	−0.103%	$4.4M	$3.4M	125x	as long as short
KuCoin EGLDUSDTM	+0.0100%	8h	4.4050	+0.078%	$2.7M	$1.4M	50x	as long as short
Bitget EGLDUSDTshort	+0.0100%	8h	4.4010	−0.013%	$2.3M	$4.3M	75x
BingX EGLD-USDT	+0.0100%	8h	4.4030	+0.033%	—	$2.9M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni EGLD	+0.0100%	8h	4.3928	−0.198%	$17K	$54K	—	as long as short
BloFin EGLD-USDT	+0.0220%	8h	4.3880	−0.308%	$232K	$465K	75x	as long as short