Funding arb · Price arb /

EGLD

all EGLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0269%/8h= −29.5% APRpaid last 24h +0.024%

Price spread now: Kraken Futures against KuCoin−0.201%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$188as in the Funding arb table

Net, price: spread back to 7d avg − costs−$185as in the Price arb table

costs, in and out, $10k−$1711.714% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.168%−$17 on $10k

Price spread, last 4 days (all we have)+0.424%+$42 · spread now −0.201%, 7d avg −0.061%

Together, before fees+0.256%+$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Kraken Futures is 0.140% cheaper against KuCoin than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.061%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.168% in total (about -8.8% 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	KuCoin EGLDUSDTM	4.3290	0.0100	pay 0.0100% / 8h	1h 38m	$2.8M	$1.2M	50x
Short	Kraken Futures PF_EGLDUSD	4.3203	−0.0169	pay 0.0021% / 1h	38m 40s	$436K	$715K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against KuCoin. 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 KuCoinbpFee Kraken FuturesbpOrdersPrice spread, now −0.201%Rate

Funding earned: −$56.56
Price spread: −0.201% → −0.061%: −$14.04
Slippage, 4 orders: −$149.39
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$241.99
Costs to cover: 1.714%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; Kraken Futures: 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 KuCoin live order book, 8 min ago	4.62 bp	69.1 bp −$69	494.7 bp −$4,947	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	11.56 bp	24.1 bp −$24	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_EGLDUSDshort	−0.0169%	1h	4.3203	−0.201%	$436K	$715K	20x
Injective EGLD/USDC PERP	+0.0033%	1h	3.6600	−15.454%	$16	$46K	5.5x	as long as short
Binance EGLDUSDT	+0.0100%	8h	4.3190	−0.231%	$4.5M	$24.2M	75x	as long as short
Bybit EGLDUSDT	+0.0100%	8h	4.3170	−0.277%	$2.5M	$7.8M	75x	as long as short
Gate EGLD_USDT	+0.0100%	8h	4.3250	−0.092%	$442K	$612K	30x	as long as short
MEXC EGLD_USDT	+0.0100%	8h	4.3190	−0.231%	$4.0M	$2.9M	125x	as long as short
KuCoin EGLDUSDTMlong	+0.0100%	8h	4.3290	long leg	$2.8M	$1.2M	50x
Bitget EGLDUSDT	+0.0100%	8h	4.3220	−0.162%	$2.2M	$3.9M	75x	as long as short
Variational Omni EGLD	+0.0100%	8h	4.3272	−0.041%	$16K	$55K	—	as long as short
BloFin EGLD-USDT	+0.0220%	8h	4.3160	−0.300%	$210K	$566K	75x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX EGLD-USDT	+0.0356%	8h	4.3220	−0.162%	—	$2.8M	—	as long as short
OKX EGLD-USDT-SWAP	+0.0372%	8h	4.3180	−0.254%	$588K	$4.0M	20x	as long as short