Funding you earn now, next payment 09:00 UTC−0.1764%/8h= −193.1% APRpaid last 24h −2.256%
Price spread now: Bitget against Kraken Futures+0.631%48s7-day average — · you sell dearer than you buy
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
The price spread pays, funding is against you. Bitget is 0.631% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.631% now, against zero (this spread has no 7-day history yet)): +$63 on $10k if it goes back. Holding the pair costs −$53 a day in funding at the current rate, which eats that in about 29 hours. 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_ALCHUSD | 0.05159 | 0.1864 | pay 0.0233% / 1h | 22m 33s | $13K | $38K | 10x |
| Short | Bitget ALCHUSDT | 0.05192 | 0.0100 | get 0.0050% / 4h | 3h 22m | $913K | $2.2M | 10x |
Kraken Futures PF_ALCHUSD
Bitget ALCHUSDTFunding 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
- −$370.41
- Price spread: +0.631% → 0.000%
- $63.13
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$329.28
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: Kraken Futures: no order-book sample; Bitget: live order book, 5 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, 5 min ago | 6.80 bp | 51.9 bp −$52 | 246.2 bp −$2,462 | 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.
ALCH on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ALCHUSDT | +0.0100% | 4h | 0.05172 | +0.244% | $3.0M | $6.6M | 20x | as long as short |
| Gate ALCH_USDT | +0.0100% | 4h | 0.05183 | +0.457% | $296K | $739K | 20x | as long as short |
| Bitget ALCHUSDTshort | +0.0100% | 4h | 0.05192 | +0.631% | $913K | $2.2M | 10x | |
| Variational Omni ALCH | +0.0100% | 4h | 0.05126 | −0.648% | $4K | $18K | — | as long as short |
| Aster ALCHUSDT | +0.0347% | 4h | 0.05181 | +0.412% | $12K | $138K | 5x | as long as short |
| BloFin ALCH-USDT | +0.0436% | 4h | 0.05153 | −0.125% | $389K | $124K | 10x | as long as short |
| BingX ALCH-USDT | +0.0480% | 4h | 0.05188 | +0.554% | — | $6.8M | — | as long as short |
| MEXC ALCH_USDT | +0.0482% | 4h | 0.05186 | +0.515% | $5.2M | $2.7M | 100x | as long as short |
| Binance ALCHUSDT | +0.0484% | 4h | 0.05179 | +0.371% | $6.0M | $29.2M | 10x | as long as short |
| KuCoin ALCHUSDTM | +0.0514% | 4h | 0.05154 | −0.105% | $1.2M | $340K | 10x | as long as short |
Bybit ALCHUSDT
Gate ALCH_USDT
Variational Omni ALCH
Aster ALCHUSDT
BloFin ALCH-USDT
BingX ALCH-USDT
MEXC ALCH_USDT
Binance ALCHUSDT
KuCoin ALCHUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALCHUSDlong | +0.1864% | 1h | 0.05159 | long leg | $13K | $38K | 10x |