Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −11.0% APRpaid last 24h −0.135%
Price spread now: Bitget against Kraken Futures−0.297%7-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 −$3 a day on $10k at the current rate, and Bitget is 0.297% cheaper against Kraken Futures than usual: you would sell low and buy high (−$30 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 | Kraken Futures PF_ALTUSD | 0.007500 | 0.0200 | pay 0.0025% / 1h | 45m 18s | $44K | $8K | 10x |
| Short | Bitget ALTUSDT | 0.007478 | 0.0100 | get 0.0050% / 4h | 2h 45m | $615K | $102K | 50x |
Kraken Futures PF_ALTUSD
Bitget ALTUSDTFunding 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
- −$21.04
- Price spread: −0.297% → 0.000%
- −$29.7
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$72.73
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Bitget: live order book, 39 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, 39 min ago | 7.34 bp | 36.2 bp −$36 | 182.7 bp −$1,827 | 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.
ALT on 14 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 ALTUSDT | −0.0483% | 4h | 0.007482 | −0.244% | $1.2M | $1.6M | 25x | as long as short |
| Variational Omni ALT | −0.0399% | 4h | 0.007483 | −0.236% | $4K | $12K | — | as long as short |
| Deribit ALT_USDC-PERPETUAL | 0.0000% | 1h | 0.007492 | −0.110% | — | $0 | 25x | as long as short |
| Injective ALT/USDC PERP | +0.0033% | 1h | 0.007381 | −1.590% | $815 | $4K | 5.5x | as long as short |
| Hyperliquid ALT | +0.0100% | 1h | 0.007485 | −0.204% | $1.1M | $187K | 3x | as long as short |
| Binance ALTUSDT | +0.0100% | 4h | 0.007487 | −0.183% | $2.6M | $3.5M | 50x | as long as short |
| Gate ALT_USDT | +0.0100% | 8h | 0.007486 | −0.190% | $51K | $414K | 25x | as long as short |
| MEXC ALT_USDT | +0.0100% | 4h | 0.007486 | −0.190% | $399K | $195K | 50x | as long as short |
| KuCoin ALTUSDTM | +0.0100% | 4h | 0.007489 | −0.150% | $150K | $21K | 30x | as long as short |
| Bitget ALTUSDTshort | +0.0100% | 4h | 0.007478 | −0.297% | $615K | $102K | 50x |
Bybit ALTUSDT
Variational Omni ALT
Deribit ALT_USDC-PERPETUAL
Injective ALT/USDC PERP
Hyperliquid ALT
Binance ALTUSDT
Gate ALT_USDT
MEXC ALT_USDT
KuCoin ALTUSDTMShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ALT-USDT | +0.0100% | 4h | 0.007488 | −0.164% | — | $1.3M | — | as long as short |
| BloFin ALT-USDT | +0.0111% | 4h | 0.007488 | −0.164% | $172K | $9K | 50x | as long as short |
| Kraken Futures PF_ALTUSDlong | +0.0200% | 1h | 0.007500 | long leg | $44K | $8K | 10x | |
| Coinbase International ALT-PERP-INTX | +0.0384% | 1h | 0.007512 | +0.156% | $14K | $2K | 50x | as long as short |
BingX ALT-USDT
BloFin ALT-USDT
Coinbase International ALT-PERP-INTX