Funding you earn now, next payment 05:00 UTC−0.4658%/8h= −510.1% APRpaid last 24h −0.059%
Price spread now: OKX against Kraken Futures−0.193%45s7-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 −$140 a day on $10k at the current rate, and OKX is 0.193% cheaper against Kraken Futures than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 45 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_API3USD | 0.2630 | 0.4758 | pay 0.0595% / 1h | 32m 30s | $13K | $3K | 10x |
| Short | OKX API3-USDT-SWAP | 0.2625 | 0.0100 | get 0.0050% / 4h | 3h 32m | $652K | $506K | 10x |
Kraken Futures PF_API3USD
OKX API3-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$978.19
- Price spread: −0.193% → 0.000%
- −$19.28
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$1,017.47
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; OKX: live order book, 18 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 OKX live order book, 18 min ago | 5.69 bp | 42.8 bp −$43 | 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.
API3 on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster API3USDT | +0.0100% | 4h | 0.2622 | −0.304% | $2K | $3K | 5x | as long as short |
| Binance API3USDT | +0.0100% | 4h | 0.2624 | −0.248% | $2.6M | $2.0M | 50x | as long as short |
| Bybit API3USDT | +0.0100% | 4h | 0.2627 | −0.117% | $987K | $397K | 25x | as long as short |
| OKX API3-USDT-SWAPshort | +0.0100% | 4h | 0.2625 | −0.193% | $652K | $506K | 10x | |
| Gate API3_USDT | +0.0100% | 8h | 0.2626 | −0.155% | $126K | $113K | 50x | as long as short |
| MEXC API3_USDT | +0.0100% | 4h | 0.2623 | −0.269% | $459K | $288K | 50x | as long as short |
| KuCoin API3USDTM | +0.0100% | 4h | 0.2623 | −0.269% | $1.0M | $243K | 30x | as long as short |
| Bitget API3USDT | +0.0100% | 4h | 0.2624 | −0.231% | $650K | $195K | 20x | as long as short |
| BingX API3-USDT | +0.0100% | 4h | 0.2625 | −0.193% | — | $6.7M | — | as long as short |
| Variational Omni API3 | +0.0100% | 4h | 0.2626 | −0.153% | $6K | $1 | — | as long as short |
Aster API3USDT
Binance API3USDT
Bybit API3USDT
Gate API3_USDT
MEXC API3_USDT
KuCoin API3USDTM
Bitget API3USDT
BingX API3-USDT
Variational Omni API3Show all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin API3-USDT | +0.0158% | 4h | 0.2624 | −0.231% | $135K | $24K | 50x | as long as short |
| Kraken Futures PF_API3USDlong | +0.4758% | 1h | 0.2630 | long leg | $13K | $3K | 10x |
BloFin API3-USDT