Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.1835%/8h= +201.0% APRpaid last 24h +0.921%

Price spread now: Kraken Futures against OKX+0.221%7-day average — · you sell dearer than you buy

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

Long on OKX 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 +$55 a day on $10k at the current rate, and Kraken Futures is 0.221% dearer against OKX than usual: you sell high and buy low: +$22 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	OKX NOT-USDT-SWAP	0.0005042	0.0100	pay 0.0050% / 4h	1h 24m	$642K	$686K	20x
Short	Kraken Futures PF_NOTUSD	0.0005053	0.1935	get 0.0242% / 1h	24m 49s	$49K	$7K	10x

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 +0.221%Rate

Funding earned: $385.39
Price spread: +0.221% → 0.000%: $22.1
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $387.49
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: OKX: live order book, 16 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 OKX live order book, 16 min ago	2.98 bp	43.7 bp −$44	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	−0.0066%	4h	0.0005028	−0.285%	$71K	$38K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.332%	$1K	$13K	5.5x	as long as short
KuCoin NOTUSDTM	+0.0082%	4h	0.0005037	−0.099%	$481K	$133K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005050	+0.159%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005040	−0.040%	$339K	$67K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005040	−0.044%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005040	−0.044%	$2.1M	$3.0M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005035	−0.139%	$2.1M	$841K	25x	as long as short
OKX NOT-USDT-SWAPlong	+0.0100%	4h	0.0005042	long leg	$642K	$686K	20x
Gate NOT_USDT	+0.0100%	4h	0.0005040	−0.040%	$139K	$57K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005040	−0.040%	$1.3M	$438K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005044	+0.040%	$674K	$469K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005040	−0.040%	—	$8.5M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005039	−0.057%	$4K	—	5x	as long as short
BloFin NOT-USDT	+0.0109%	4h	0.0005015	−0.536%	$109K	$18K	50x	as long as short
Kraken Futures PF_NOTUSDshort	+0.1935%	1h	0.0005053	+0.221%	$49K	$7K	10x