Funding you earn now, next payment 01:00 UTC+0.0225%/8h= +24.7% APRnext payment +$0.28 per $10,000 · paid last 24h −0.012%
Price spread now: Coinbase International against Kraken Futures+0.208%7-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
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Coinbase International is 0.208% dearer against Kraken Futures than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ALTUSD | 0.007628 | 0.0207 | pay 0.0026% / 1h | 25m 05s | $45K | $8K | 10x |
| Short | Coinbase International ALT-PERP-INTX | 0.007644 | 0.0432 | get 0.0054% / 1h | 25m 05s | $14K | $3K | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $47.33
- Price spread: +0.208% → 0.000%
- $20.79
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $48.12
- Costs to cover
- 0.200%
- Break-even
- from the start
Slippage unknown: Kraken Futures: no order-book sample; Coinbase International: 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
Kraken Futures and Coinbase International: 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 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ALT_USDC-PERPETUAL | 0.0000% | 1h | 0.007627 | −0.015% | — | $0 | 25x | as long as short |
| Hyperliquid ALT | +0.0100% | 1h | 0.007619 | −0.120% | $1.1M | $193K | 3x | as long as short |
| Binance ALTUSDT | +0.0100% | 4h | 0.007626 | −0.031% | $2.6M | $3.7M | 50x | as long as short |
| Bybit ALTUSDT | +0.0100% | 4h | 0.007614 | −0.185% | $1.2M | $1.6M | 25x | as long as short |
| Gate ALT_USDT | +0.0100% | 8h | 0.007619 | −0.120% | $50K | $407K | 25x | as long as short |
| MEXC ALT_USDT | +0.0100% | 4h | 0.007625 | −0.041% | $407K | $185K | 50x | as long as short |
| KuCoin ALTUSDTM | +0.0100% | 4h | 0.007625 | −0.041% | $151K | $20K | 30x | as long as short |
| Bitget ALTUSDT | +0.0100% | 4h | 0.007623 | −0.067% | $602K | $114K | 50x | as long as short |
| BingX ALT-USDT | +0.0100% | 4h | 0.007619 | −0.120% | — | $1.3M | — | as long as short |
| Variational Omni ALT | +0.0100% | 4h | 0.007620 | −0.110% | $4K | $15K | — | as long as short |
Show all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALTUSDlong | +0.0207% | 1h | 0.007628 | long leg | $45K | $8K | 10x | |
| Coinbase International ALT-PERP-INTXshort | +0.0432% | 1h | 0.007644 | +0.208% | $14K | $3K | 50x | |
| Injective ALT/USDC PERP | +0.5000% | 1h | 0.007604 | −0.316% | $827 | $4K | 5.5x | as long as short |
Kraken Futures PF_ALTUSD
Coinbase International ALT-PERP-INTX
Deribit ALT_USDC-PERPETUAL
Hyperliquid ALT
Binance ALTUSDT
Bybit ALTUSDT
Gate ALT_USDT
MEXC ALT_USDT
KuCoin ALTUSDTM
Bitget ALTUSDT
BingX ALT-USDT
Variational Omni ALT
Injective ALT/USDC PERP