Funding arb · Price arb /

NOT

all NOT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.6631%/8hpaid last 24h +0.434%

Price spread now: Kraken Futures against BingX+0.791%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$199 a day on $10k at the current rate, and Kraken Futures is 0.791% dearer against BingX than usual: you sell high and buy low: +$79 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX NOT-USDC	0.0004992	0.0100	pay 0.0050% / 4h	31m 46s	—	$713K	—
Short	Kraken Futures PF_NOTUSD	0.0005031	0.6731	get 0.0841% / 1h	31m 46s	$48K	$9K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BingX. 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 BingXbpFee Kraken FuturesbpOrdersPrice spread, now +0.791%Rate

Funding earned: $1,392.49
Price spread: +0.791% → 0.000%: $79.11
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $1,451.6
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: BingX: no order-book sample; Kraken Futures: no order-book sample. Net counts fees only.

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 BingX no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

BingX and Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NOT on 16 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
Variational Omni NOT	−0.0171%	4h	0.0004979	−0.270%	$61K	$28K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−2.364%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005004	+0.238%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0004990	−0.040%	$366K	$67K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0004991	−0.022%	$14K	$13K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0004994	+0.040%	$2.0M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0004987	−0.100%	$2.1M	$890K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0004996	+0.080%	$594K	$613K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0004994	+0.040%	$140K	$81K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0004996	+0.080%	$1.3M	$468K	200x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOTUSDTM	+0.0100%	4h	0.0004991	−0.020%	$485K	$122K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0004994	+0.040%	$635K	$388K	50x	as long as short
BingX NOT-USDClong	+0.0100%	4h	0.0004992	long leg	—	$713K	—
Extended kNOT-USD	+0.0104%	1h	0.0004993	+0.025%	$4K	$1K	5x	as long as short
BloFin NOT-USDT	+0.0143%	4h	0.0004980	−0.240%	$112K	$17K	50x	as long as short
Kraken Futures PF_NOTUSDshort	+0.6731%	1h	0.0005031	+0.791%	$48K	$9K	10x