Funding you earn now, next payment 02:00 UTC−0.0107%/8h= −11.7% APRpaid last 24h −0.111%
Price spread now: Gate against Kraken Futures−0.116%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 Gate is 0.116% cheaper against Kraken Futures than usual: you would sell low and buy high (−$12 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 | 0.007618 | 0.0207 | pay 0.0026% / 1h | 5m 57s | $45K | $8K | 10x |
| Short | Gate ALT_USDT | 0.007609 | 0.0100 | get 0.0100% / 8h | 6h 05m | $50K | $409K | 25x |
Kraken Futures PF_ALTUSD
Gate ALT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$22.45
- Price spread: −0.116% → 0.000%
- −$11.59
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$59.05
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Gate: live order book, 60 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 Gate live order book, 60 min ago | 5.94 bp | 309.4 bp −$309 | doesn't fit | 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 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 | 0.007614 | −0.050% | — | $0 | 25x | as long as short |
| Hyperliquid ALT | +0.0100% | 1h | 0.007605 | −0.168% | $1.1M | $189K | 3x | as long as short |
| Binance ALTUSDT | +0.0100% | 4h | 0.007613 | −0.064% | $2.6M | $3.7M | 50x | as long as short |
| Bybit ALTUSDT | +0.0100% | 4h | 0.007608 | −0.129% | $1.2M | $1.6M | 25x | as long as short |
| Gate ALT_USDTshort | +0.0100% | 8h | 0.007609 | −0.116% | $50K | $409K | 25x | |
| MEXC ALT_USDT | +0.0100% | 4h | 0.007613 | −0.063% | $410K | $186K | 50x | as long as short |
| KuCoin ALTUSDTM | +0.0100% | 4h | 0.007616 | −0.024% | $151K | $20K | 30x | as long as short |
| Bitget ALTUSDT | +0.0100% | 4h | 0.007603 | −0.195% | $601K | $110K | 50x | as long as short |
| BingX ALT-USDT | +0.0100% | 4h | 0.007610 | −0.103% | — | $1.3M | — | as long as short |
| Variational Omni ALT | +0.0100% | 4h | 0.007606 | −0.153% | $4K | $15K | — | as long as short |
Deribit ALT_USDC-PERPETUAL
Hyperliquid ALT
Binance ALTUSDT
Bybit ALTUSDT
MEXC ALT_USDT
KuCoin ALTUSDTM
Bitget ALTUSDT
BingX ALT-USDT
Variational Omni ALTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALTUSDlong | +0.0207% | 1h | 0.007618 | long leg | $45K | $8K | 10x | |
| Coinbase International ALT-PERP-INTX | +0.0432% | 1h | 0.007644 | +0.343% | $14K | $3K | 50x | as long as short |
| Injective ALT/USDC PERP | +0.5000% | 1h | 0.007604 | −0.182% | $827 | $4K | 5.5x | as long as short |
Coinbase International ALT-PERP-INTX
Injective ALT/USDC PERP