Funding arb · Price arb /

EGLD

all EGLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.2845%/8h= +311.6% APRpaid last 24h +0.104%

Price spread now: BloFin against Kraken Futures−0.310%7-day average −0.154% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1021.023% of the position

Long on Kraken Futures Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.429%+$43 on $10k

Price spread, last 3 days (all we have)+0.168%+$17 · spread now −0.310%, 7d avg −0.154%

Together, before fees+0.597%+$60 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.156% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.310% now, against its 7-day average of −0.154%). If the spread goes back, that is −$16 on $10k: about 4 hours of funding at the current rate (+$85 a day). At the pace of the last 7 days (+0.429% in total) that is about 2.6 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.429% in total (about 22.4% 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	4.3475	−0.2625	get 0.0328% / 1h	40m 58s	$432K	$714K	20x
Short	BloFin EGLD-USDT	4.3340	0.0220	get 0.0220% / 8h	40m 58s	$222K	$476K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.310%Rate

Funding earned: $597.53
Price spread: −0.310% → −0.154%: −$15.63
Slippage, 4 orders: −$80.33
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $479.57
Costs to cover: 1.023%
Break-even: 1.4 days

Slippage from Kraken Futures: live order book, 37 min ago; BloFin: live order book, 35 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, 37 min ago	15.24 bp	28.5 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 35 min ago	1.17 bp	24.5 bp −$24	41.1 bp −$411	164.5 bp −$16.4K	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	−0.2625%	1h	4.3475	long leg	$432K	$714K	20x
Injective EGLD/USDC PERP	+0.0033%	1h	3.6600	−15.814%	$16	$46K	5.5x	as long as short
Binance EGLDUSDT	+0.0100%	8h	4.3400	−0.171%	$4.6M	$26.7M	75x	as long as short
Bybit EGLDUSDT	+0.0100%	8h	4.3390	−0.195%	$2.6M	$8.7M	75x	as long as short
OKX EGLD-USDT-SWAP	+0.0100%	8h	4.3440	−0.080%	$626K	$5.1M	20x	as long as short
Gate EGLD_USDT	+0.0100%	8h	4.3490	+0.035%	$519K	$679K	30x	as long as short
MEXC EGLD_USDT	+0.0100%	8h	4.3410	−0.149%	$4.4M	$3.4M	125x	as long as short
KuCoin EGLDUSDTM	+0.0100%	8h	4.3510	+0.081%	$2.6M	$1.4M	50x	as long as short
Bitget EGLDUSDT	+0.0100%	8h	4.3400	−0.172%	$2.2M	$4.3M	75x	as long as short
BingX EGLD-USDT	+0.0100%	8h	4.3420	−0.126%	—	$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	4.3325	−0.346%	$17K	$56K	—	as long as short
BloFin EGLD-USDTshort	+0.0220%	8h	4.3340	−0.310%	$222K	$476K	75x