Funding arb · Price arb /

REZ

all REZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0199%/8h= +21.7% APRpaid last 24h −0.047%

Price spread now: BingX against Kraken Futures−0.241%53s7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on BingX

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

Funding pays, the price is against you. BingX is 0.241% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.241% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$24 on $10k: about 4.0 days of funding at the current rate (+$6 a day). The two prices were read 53 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	Kraken Futures PF_REZUSD	0.003861	0.0149	pay 0.0019% / 1h	52m 22s	$44K	$7K	10x
Short	BingX REZ-USDT	0.003852	0.0348	get 0.0174% / 4h	1h 52m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Kraken Futures. 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 Kraken FuturesbpFee BingXbpOrdersPrice spread, now −0.241%Rate

Funding earned: $41.71
Price spread: −0.241% → 0.000%: −$24.12
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$2.41
Costs to cover: 0.200%
Break-even: 7.4 days

Slippage unknown: Kraken Futures: no order-book sample; BingX: live order book, 3 min ago. 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell BingX live order book, 3 min ago	5.18 bp	25.1 bp −$25	54.9 bp −$549	433.2 bp −$43.3K	755.2 bp −$377.6K

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 exchanges

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
BloFin REZ-USDT	+0.0072%	4h	0.003862	+0.018%	$318K	$27K	50x	as long as short
Aster REZUSDT	+0.0100%	4h	0.003851	−0.254%	$19K	$42K	5x	as long as short
Binance REZUSDT	+0.0100%	4h	0.003849	−0.315%	$4.9M	$8.2M	50x	as long as short
Gate REZ_USDT	+0.0100%	4h	0.003863	+0.044%	$394K	$111K	10x	as long as short
MEXC REZ_USDT	+0.0100%	4h	0.003851	−0.267%	$1.4M	$364K	50x	as long as short
KuCoin REZUSDTM	+0.0100%	4h	0.003854	−0.189%	$450K	$60K	30x	as long as short
Bitget REZUSDT	+0.0100%	4h	0.003851	−0.267%	$586K	$1.2M	50x	as long as short
Variational Omni REZ	+0.0114%	4h	0.003870	+0.225%	$150K	$107K	—	as long as short
Kraken Futures PF_REZUSDlong	+0.0149%	1h	0.003861	long leg	$44K	$7K	10x
BingX REZ-USDTshort	+0.0348%	4h	0.003852	−0.241%	—	$6.6M	—

Show all 12 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit REZUSDT	+0.0390%	4h	0.003859	−0.060%	$1.6M	$1.1M	25x	as long as short
Hyperliquid REZ	+0.0454%	1h	0.003857	−0.112%	$1.6M	$540K	3x	as long as short