Funding arb · Price arb /

REZ

all REZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0071%/8h= +7.8% APRpaid last 24h −0.104%

Price spread now: BloFin against Kraken Futures+0.090%57s7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on BloFin

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 +$2 a day on $10k at the current rate, and BloFin is 0.090% dearer against Kraken Futures than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet). 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	Kraken Futures PF_REZUSD	0.003892	0.0015	pay 0.0002% / 1h	30m 14s	$44K	$10K	10x
Short	BloFin REZ-USDT	0.003895	0.0086	get 0.0043% / 4h	1h 30m	$327K	$51K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.090%Rate

Funding earned: $14.89
Price spread: +0.090% → 0.000%: $8.98
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $1.88
Costs to cover: 0.220%
Break-even: 6.1 days

Slippage unknown: Kraken Futures: no order-book sample; BloFin: live order book, 10 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 BloFin live order book, 10 min ago	1.30 bp	15.9 bp −$16	43.1 bp −$431	doesn't fit	doesn't fit

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_REZUSDlong	+0.0015%	1h	0.003892	long leg	$44K	$10K	10x
BloFin REZ-USDTshort	+0.0086%	4h	0.003895	+0.090%	$327K	$51K	50x
Aster REZUSDT	+0.0100%	4h	0.003897	+0.135%	$19K	$35K	5x	as long as short
Binance REZUSDT	+0.0100%	4h	0.003896	+0.104%	$5.0M	$8.7M	50x	as long as short
Bybit REZUSDT	+0.0100%	4h	0.003902	+0.270%	$1.4M	$1.0M	25x	as long as short
MEXC REZ_USDT	+0.0100%	4h	0.003897	+0.141%	$1.4M	$416K	50x	as long as short
KuCoin REZUSDTM	+0.0100%	4h	0.003892	+0.013%	$455K	$87K	30x	as long as short
Bitget REZUSDT	+0.0100%	4h	0.003891	−0.013%	$591K	$1.3M	50x	as long as short
BingX REZ-USDT	+0.0100%	4h	0.003897	+0.141%	—	$6.6M	—	as long as short
Variational Omni REZ	+0.0100%	4h	0.003899	+0.198%	$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_USDT	+0.0328%	4h	0.003900	+0.218%	$410K	$115K	10x	as long as short
Hyperliquid REZ	+0.0954%	1h	0.003907	+0.398%	$1.6M	$498K	3x	as long as short