Funding arb · Price arb /

EGLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.1600%/8h= +175.2% APRpaid last 24h +0.105%

Price spread now: OKX against Kraken Futures−0.280%7-day average −0.192% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

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

Long on Kraken Futures Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.225%+$23 on $10k

Price spread, last 3 days (all we have)−0.184%−$18 · spread now −0.280%, 7d avg −0.192%

Together, before fees+0.041%+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.088% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.280% now, against its 7-day average of −0.192%). If the spread goes back, that is −$9 on $10k: about 4 hours of funding at the current rate (+$48 a day). At the pace of the last 7 days (+0.225% in total) that is about 2.7 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.225% in total (about 11.7% 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	4.2659	−0.1500	get 0.0188% / 1h	23m 54s	$423K	$706K	20x
Short	OKX EGLD-USDT-SWAP	4.2540	0.0100	get 0.0100% / 8h	1h 23m	$592K	$5.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.280%Rate

Funding earned: $336.01
Price spread: −0.280% → −0.192%: −$8.8
Slippage, 4 orders: −$82.26
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: $224.95
Costs to cover: 1.023%
Break-even: 2.3 days

Slippage from Kraken Futures: live order book, 59 min ago; OKX: live order book, 4 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, 59 min ago	10.48 bp	27.9 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	3.52 bp	21.2 bp −$21	274.0 bp −$2,740	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	−0.1500%	1h	4.2659	long leg	$423K	$706K	20x
Injective EGLD/USDC PERP	+0.0033%	1h	3.6600	−14.204%	$16	$46K	5.5x	as long as short
Binance EGLDUSDT	+0.0100%	8h	4.2555	−0.243%	$4.5M	$26.6M	75x	as long as short
Bybit EGLDUSDT	+0.0100%	8h	4.2520	−0.326%	$2.6M	$8.7M	75x	as long as short
OKX EGLD-USDT-SWAPshort	+0.0100%	8h	4.2540	−0.280%	$592K	$5.0M	20x
Gate EGLD_USDT	+0.0100%	8h	4.2630	−0.069%	$509K	$681K	30x	as long as short
MEXC EGLD_USDT	+0.0100%	8h	4.2560	−0.233%	$4.2M	$3.6M	125x	as long as short
KuCoin EGLDUSDTM	+0.0100%	8h	4.2650	−0.022%	$2.5M	$1.3M	50x	as long as short
Bitget EGLDUSDT	+0.0100%	8h	4.2540	−0.280%	$2.2M	$4.2M	75x	as long as short
BingX EGLD-USDT	+0.0100%	8h	4.2580	−0.186%	—	$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	4.2580	−0.187%	$17K	$56K	—	as long as short
BloFin EGLD-USDT	+0.0220%	8h	4.2540	−0.280%	$219K	$467K	75x	as long as short