Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0102%/8h= +11.2% APRpaid last 24h +0.855%

Price spread now: Kraken Futures against Gate+0.324%7-day average — · you sell dearer than you buy

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

Long on Gate 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 +$3 a day on $10k at the current rate, and Kraken Futures is 0.324% dearer against Gate than usual: you sell high and buy low: +$32 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	Gate NOT_USDT	0.0005060	0.0100	pay 0.0050% / 4h	2h 46m	$143K	$81K	50x
Short	Kraken Futures PF_NOTUSD	0.0005076	0.0202	get 0.0025% / 1h	46m 05s	$50K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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 GatebpFee Kraken FuturesbpOrdersPrice spread, now +0.324%Rate

Funding earned: $21.52
Price spread: +0.324% → 0.000%: $32.4
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $28.92
Costs to cover: 0.250%
Break-even: from the start

Slippage unknown: Gate: live order book, 15 min ago; 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 Gate live order book, 15 min ago	9.88 bp	39.1 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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	−0.0237%	4h	0.0005060	+0.004%	$71K	$39K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.676%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0060%	4h	0.0005072	+0.237%	$112K	$17K	50x	as long as short
Bybit NOTUSDT	+0.0065%	4h	0.0005066	+0.119%	$2.1M	$869K	25x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005083	+0.451%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005070	+0.198%	$370K	$51K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005068	+0.166%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005070	+0.202%	$2.1M	$3.2M	50x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005069	+0.178%	$627K	$648K	20x	as long as short
Gate NOT_USDTlong	+0.0100%	4h	0.0005060	long leg	$143K	$81K	50x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005069	+0.178%	$1.3M	$471K	200x	as long as short
KuCoin NOTUSDTM	+0.0100%	4h	0.0005062	+0.040%	$462K	$135K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005071	+0.217%	$669K	$408K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005069	+0.178%	—	$721K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005067	+0.141%	$4K	$491	5x	as long as short
Kraken Futures PF_NOTUSDshort	+0.0202%	1h	0.0005076	+0.324%	$50K	$10K	10x