Funding arb · Price arb /

REZ

all REZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0219%/8h= −24.0% APRpaid last 24h +0.096%

Price spread now: Kraken Futures against Gate−0.169%51s7-day average — · you buy dearer than you sell

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 against this trade now: funding costs −$7 a day on $10k at the current rate, and Kraken Futures is 0.169% cheaper against Gate than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 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	Gate REZ_USDT	0.003891	0.0234	pay 0.0117% / 4h	1h 11m	$409K	$115K	10x
Short	Kraken Futures PF_REZUSD	0.003884	0.0015	get 0.0002% / 1h	11m 22s	$44K	$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 −0.169%Rate

Funding earned: −$46.04
Price spread: −0.169% → 0.000%: −$16.86
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: −$87.9
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 49 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, 49 min ago	9.01 bp	71.0 bp −$71	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.

REZ 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_REZUSDshort	+0.0015%	1h	0.003884	−0.169%	$44K	$10K	10x
BloFin REZ-USDT	+0.0051%	4h	0.003888	−0.077%	$327K	$51K	50x	as long as short
Aster REZUSDT	+0.0100%	4h	0.003883	−0.201%	$18K	$35K	5x	as long as short
Binance REZUSDT	+0.0100%	4h	0.003885	−0.143%	$4.9M	$8.7M	50x	as long as short
Bybit REZUSDT	+0.0100%	4h	0.003891	0.000%	$1.4M	$1.0M	25x	as long as short
MEXC REZ_USDT	+0.0100%	4h	0.003885	−0.154%	$1.4M	$419K	50x	as long as short
KuCoin REZUSDTM	+0.0100%	4h	0.003887	−0.103%	$455K	$87K	30x	as long as short
Bitget REZUSDT	+0.0100%	4h	0.003886	−0.129%	$590K	$1.3M	50x	as long as short
BingX REZ-USDT	+0.0100%	4h	0.003886	−0.129%	—	$6.6M	—	as long as short
Variational Omni REZ	+0.0100%	4h	0.003900	+0.237%	$79K	$38K	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate REZ_USDTlong	+0.0234%	4h	0.003891	long leg	$409K	$115K	10x
Hyperliquid REZ	+0.0870%	1h	0.003897	+0.154%	$1.6M	$498K	3x	as long as short