Funding arb · Price arb /

EGLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0743%/8h= +81.4% APRpaid last 24h +0.120%

Price spread now: Gate against Kraken Futures−0.217%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$182as in the Funding arb table

Net, price: spread back to 7d avg − costs−$179as in the Price arb table

costs, in and out, $10k−$1641.638% of the position

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.186%−$19 on $10k

Price spread, last 3 days (all we have)−0.088%−$9 · spread now −0.217%, 7d avg −0.061%

Together, before fees−0.273%−$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.156% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.217% now, against its 7-day average of −0.061%). If the spread goes back, that is −$16 on $10k: about 17 hours of funding at the current rate (+$22 a day). Mind the row above: over the last 7 days funding on this pair cost −0.186%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.186% in total (about -9.7% 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	Kraken Futures PF_EGLDUSD	4.3614	−0.0643	get 0.0080% / 1h	40m 33s	$434K	$721K	20x
Short	Gate EGLD_USDT	4.3520	0.0100	get 0.0100% / 8h	6h 40m	$489K	$694K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.217%Rate

Funding earned: $156.04
Price spread: −0.217% → −0.061%: −$15.59
Slippage, 4 orders: −$138.76
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$23.31
Costs to cover: 1.638%
Break-even: 8.0 days

Slippage from Kraken Futures: live order book, 28 min ago; Gate: live order book, 26 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, 28 min ago	19.02 bp	40.1 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 26 min ago	6.74 bp	48.6 bp −$49	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_EGLDUSDlong	−0.0643%	1h	4.3614	long leg	$434K	$721K	20x
Injective EGLD/USDC PERP	+0.0033%	1h	3.6600	−16.083%	$16	$46K	5.5x	as long as short
Binance EGLDUSDT	+0.0100%	8h	4.3445	−0.390%	$4.7M	$27.9M	75x	as long as short
Bybit EGLDUSDT	+0.0100%	8h	4.3360	−0.583%	$2.7M	$9.0M	75x	as long as short
OKX EGLD-USDT-SWAP	+0.0100%	8h	4.3390	−0.515%	$636K	$5.3M	20x	as long as short
Gate EGLD_USDTshort	+0.0100%	8h	4.3520	−0.217%	$489K	$694K	30x
MEXC EGLD_USDT	+0.0100%	8h	4.3440	−0.400%	$4.3M	$3.4M	125x	as long as short
KuCoin EGLDUSDTM	+0.0100%	8h	4.3540	−0.171%	$2.7M	$1.4M	50x	as long as short
Bitget EGLDUSDT	+0.0100%	8h	4.3490	−0.285%	$2.2M	$4.4M	75x	as long as short
BingX EGLD-USDT	+0.0100%	8h	4.3490	−0.285%	—	$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	4.3533	−0.186%	$17K	$54K	—	as long as short
BloFin EGLD-USDT	+0.0220%	8h	4.3650	+0.081%	$232K	$574K	75x	as long as short