Funding arb · Price arb /

EGLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.2725%/8h= −298.4% APRpaid last 24h −0.079%

Price spread now: Kraken Futures against OKX+0.196%45s7-day average +0.190% · you sell dearer than you buy

Net, funding: paid 7d − costs−$136as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1111.112% of the position

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.244%−$24 on $10k

Price spread, last 3 days (all we have)+0.187%+$19 · spread now +0.196%, 7d avg +0.190%

Together, before fees−0.057%−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.190%, so right now this pair is about funding alone: −$82 a day on $10k at the current rate. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.244% in total (about -12.7% 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	OKX EGLD-USDT-SWAP	4.3390	0.0100	pay 0.0100% / 8h	40m 33s	$626K	$5.1M	20x
Short	Kraken Futures PF_EGLDUSD	4.3475	−0.2625	pay 0.0328% / 1h	40m 33s	$432K	$714K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against OKX. 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 OKXbpFee Kraken FuturesbpOrdersPrice spread, now +0.196%Rate

Funding earned: −$572.33
Price spread: +0.196% → +0.190%: $0.61
Slippage, 4 orders: −$91.21
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$682.94
Costs to cover: 1.112%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Kraken Futures: live order book, 38 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 OKX live order book, 2 min ago	3.45 bp	26.9 bp −$27	2019.2 bp −$20.2K	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 38 min ago	15.24 bp	33.5 bp −$33	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	−0.2625%	1h	4.3475	+0.196%	$432K	$714K	20x
Injective EGLD/USDC PERP	+0.0033%	1h	3.6600	−15.649%	$16	$46K	5.5x	as long as short
Binance EGLDUSDT	+0.0100%	8h	4.3362	−0.065%	$4.6M	$26.7M	75x	as long as short
Bybit EGLDUSDT	+0.0100%	8h	4.3380	−0.023%	$2.6M	$8.7M	75x	as long as short
OKX EGLD-USDT-SWAPlong	+0.0100%	8h	4.3390	long leg	$626K	$5.1M	20x
Gate EGLD_USDT	+0.0100%	8h	4.3480	+0.207%	$519K	$679K	30x	as long as short
MEXC EGLD_USDT	+0.0100%	8h	4.3360	−0.069%	$4.4M	$3.4M	125x	as long as short
KuCoin EGLDUSDTM	+0.0100%	8h	4.3490	+0.230%	$2.6M	$1.4M	50x	as long as short
Bitget EGLDUSDT	+0.0100%	8h	4.3360	−0.069%	$2.2M	$4.3M	75x	as long as short
BingX EGLD-USDT	+0.0100%	8h	4.3410	+0.046%	—	$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	−0.151%	$17K	$56K	—	as long as short
BloFin EGLD-USDT	+0.0220%	8h	4.3340	−0.115%	$222K	$476K	75x	as long as short