Funding you earn now, next payment 04:00 UTC−0.0698%/8h= −76.4% APRpaid last 24h −0.079%
Price spread now: Bitget against Kraken Futures−0.129%48s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 −$21 a day on $10k at the current rate, and Bitget is 0.129% cheaper against Kraken Futures than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 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_2ZUSD | 0.05236 | 0.0798 | pay 0.0100% / 1h | 27m 31s | $5K | $3K | 10x |
| Short | Bitget 2ZUSDT | 0.05229 | 0.0100 | get 0.0050% / 4h | 27m 31s | $156K | $634K | 50x |
Kraken Futures PF_2ZUSD
Bitget 2ZUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$146.56
- Price spread: −0.129% → 0.000%
- −$12.95
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$181.51
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Bitget: live order book, 28 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 Bitget live order book, 28 min ago | 8.64 bp | 22.9 bp −$23 | 125.1 bp −$1,251 | 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.
2Z on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack 2Z_USDC_PERP | −0.0669% | 1h | 0.05227 | −0.168% | $46K | $29K | 5x | as long as short |
| Injective 2Z/USDC PERP | +0.0033% | 1h | 0.04980 | −4.885% | $867 | $213 | 5.5x | as long as short |
| Lighter 2Z | +0.0096% | 1h | 0.05241 | +0.100% | $17K | $8K | 3x | as long as short |
| Hyperliquid 2Z | +0.0100% | 1h | 0.05232 | −0.078% | $675K | $367K | 3x | as long as short |
| Aster 2ZUSDT | +0.0100% | 4h | 0.05236 | +0.012% | $12K | $57K | 5x | as long as short |
| Pacifica 2Z | +0.0100% | 1h | 0.05232 | −0.074% | $75K | $14K | 3x | as long as short |
| Binance 2ZUSDT | +0.0100% | 4h | 0.05229 | −0.121% | $2.1M | $2.2M | 50x | as long as short |
| Bybit 2ZUSDT | +0.0100% | 4h | 0.05236 | +0.004% | $691K | $978K | 50x | as long as short |
| OKX 2Z-USDT-SWAP | +0.0100% | 4h | 0.05232 | −0.072% | $450K | $722K | 20x | as long as short |
| Gate 2Z_USDT | +0.0100% | 4h | 0.05231 | −0.091% | $91K | $65K | 50x | as long as short |
Backpack 2Z_USDC_PERP
Injective 2Z/USDC PERP
Lighter 2Z
Hyperliquid 2Z
Aster 2ZUSDT
Pacifica 2Z
Binance 2ZUSDT
Bybit 2ZUSDT
OKX 2Z-USDT-SWAP
Gate 2Z_USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC 2Z_USDT | +0.0100% | 4h | 0.05237 | +0.023% | $293K | $126K | 50x | as long as short |
| KuCoin 2ZUSDTM | +0.0100% | 4h | 0.05233 | −0.063% | $193K | $53K | 50x | as long as short |
| Bitget 2ZUSDTshort | +0.0100% | 4h | 0.05229 | −0.129% | $156K | $634K | 50x | |
| BingX 2Z-USDT | +0.0100% | 4h | 0.05237 | +0.023% | — | $6.5M | — | as long as short |
| Variational Omni 2Z | +0.0100% | 4h | 0.05225 | −0.204% | $33K | $29K | — | as long as short |
| SunX 2Z-USDT | +0.0100% | 4h | 0.05234 | −0.034% | $2K | $1.2M | 20x | as long as short |
| Kraken Futures PF_2ZUSDlong | +0.0798% | 1h | 0.05236 | long leg | $5K | $3K | 10x |
MEXC 2Z_USDT
KuCoin 2ZUSDTM
BingX 2Z-USDT
Variational Omni 2Z
SunX 2Z-USDT