Funding arb · Price arb /

SAMSUNG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.1060%/8h= −116.0% APRpaid last 24h −0.059%

Price spread now: Kraken Futures against Orderly−0.046%7-day average — · you buy dearer than you sell

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

Long on Orderly 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 −$32 a day on $10k at the current rate, and Kraken Futures is 0.046% cheaper against Orderly than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SAMSUNG_USDC_mythos	204.24	0.0100	pay 0.0100% / 8h	2h 10m	$3K	$545	10x
Short	Kraken Futures PF_SAMSUNGUSD	204.15	−0.0960	pay 0.0120% / 1h	10m 13s	$46K	$15K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Orderly. 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 OrderlybpFee Kraken FuturesbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$222.51
Price spread: −0.046% → 0.000%: −$4.58
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$243.09
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

Orderly and 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.

SAMSUNG on 24 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_SAMSUNGUSDshort	−0.0960%	1h	204.15	−0.046%	$46K	$15K	20x
tradeXYZ xyz:SMSN	−0.0674%	1h	204.02	−0.108%	$43.2M	$48.0M	10x	as long as short
edgeX SAMSUNGUSDC	−0.0611%	4h	203.57	−0.330%	$250K	$367K	10x	as long as short
Aftermath Perps SAMSUNGUSD	−0.0369%	1h	203.73	−0.247%	$881	$30K	5x	as long as short
OKX SAMSUNG-USDT-SWAP	−0.0359%	8h	204.27	+0.015%	$6.2M	$23.0M	25x	as long as short
Bybit SAMSUNGUSDT	−0.0333%	8h	204.34	+0.049%	$8.0M	$15.6M	100x	as long as short
GRVT SAMSUNG_USDT_Perp	−0.0168%	4h	203.25	−0.485%	$24K	$193K	10x	as long as short
Ondo Perps SMSN-USD.P	−0.0106%	1h	204.26	+0.010%	$316K	$255K	10x	as long as short
Binance SAMSUNGUSDT	−0.0066%	4h	204.27	+0.013%	$24.7M	$162.7M	25x	as long as short
BloFin SAMSUNG-USDT	−0.0064%	4h	204.27	+0.015%	$337K	$234K	25x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SAMSUNG-USD	−0.0064%	1h	204.17	−0.033%	$192K	$70K	10x	as long as short
Aster SAMSUNGUSDT	−0.0013%	4h	204.22	−0.010%	$106K	$114K	50x	as long as short
Gate SAMSUNG_USDT	0.0000%	4h	204.27	+0.015%	$11.5M	$26.9M	75x	as long as short
Bitget SAMSUNGUSDT	0.0000%	4h	204.22	−0.010%	$4.3M	$15.9M	20x	as long as short
SunX SAMSUNG-USDT	0.0000%	4h	204.20	−0.020%	$1K	$694K	10x	as long as short
HTX SAMSUNG-USDT	0.0000%	4h	203.73	−0.250%	$64K	$108K	20x	as long as short
Phemex SAMSUNGUSDT	0.0000%	8h	204.24	0.000%	$2.7M	$1.2M	10x	as long as short
Polymarket Perps SAMSUNG-USD	+0.0011%	1h	204.19	−0.024%	$45K	$55K	10x	as long as short
SoDEX SAMSUNG-USD	+0.0050%	1h	204.18	−0.029%	$3K	$3K	10x	as long as short
Pacifica SAMSUNG	+0.0100%	1h	204.18	−0.029%	$85K	$16K	10x	as long as short
KuCoin SAMSUNGUSDTM	+0.0100%	4h	204.03	−0.103%	$556K	$114K	20x	as long as short
ApeX Omni SAMSUNGUSDT	+0.0100%	1h	203.68	−0.274%	$5K	$139K	50x	as long as short
Orderly PERP_SAMSUNG_USDC_mythoslong	+0.0100%	8h	204.24	long leg	$3K	$545	10x
Aevo SMSN-PERP	+0.0136%	1h	204.29	+0.026%	$32K	—	10x	as long as short