Funding arb · Price arb /

ONT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0234%/8h= −25.7% APRpaid last 24h +0.019%

Price spread now: Kraken Futures against BloFin+0.025%57s7-day average — · you sell dearer than you buy

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

Long on BloFin 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

The price spread pays, funding is against you. Kraken Futures is 0.025% dearer against BloFin than usual: you sell high and buy low (spread +0.025% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 9 hours. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ONT-USDT	0.05646	0.0141	pay 0.0071% / 4h	44m 05s	$131K	$23K	50x
Short	Kraken Futures PF_ONTUSD	0.05647	−0.0093	pay 0.0012% / 1h	44m 05s	$9K	$231	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BloFin. 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 BloFinbpFee Kraken FuturesbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$49.22
Price spread: +0.025% → 0.000%: $2.49
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$68.72
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 17 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 BloFin live order book, 17 min ago	0.89 bp	10.0 bp −$10	31.5 bp −$315	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.

ONT 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_ONTUSDshort	−0.0093%	1h	0.05647	+0.025%	$9K	$231	10x
OKX ONT-USDT-SWAP	+0.0080%	4h	0.05639	−0.124%	$800K	$904K	20x	as long as short
Aster ONTUSDT	+0.0100%	4h	0.05648	+0.032%	$27K	$388	5x	as long as short
Binance ONTUSDT	+0.0100%	4h	0.05646	+0.001%	$2.4M	$2.6M	50x	as long as short
Gate ONT_USDT	+0.0100%	4h	0.05649	+0.053%	$173K	$58K	50x	as long as short
MEXC ONT_USDT	+0.0100%	4h	0.05647	+0.018%	$1.5M	$138K	50x	as long as short
KuCoin ONTUSDTM	+0.0100%	4h	0.05645	−0.018%	$525K	$48K	30x	as long as short
Bitget ONTUSDT	+0.0100%	4h	0.05645	−0.018%	$818K	$314K	50x	as long as short
BloFin ONT-USDTlong	+0.0141%	4h	0.05646	long leg	$131K	$23K	50x
Variational Omni ONT	+0.1271%	4h	0.05632	−0.243%	$4K	$3K	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ONT-USDT	+0.1606%	4h	0.05642	−0.071%	—	$2.3M	—	as long as short
Bybit ONTUSDT	+0.1745%	4h	0.05633	−0.230%	$800K	$317K	25x	as long as short