Funding you earn now, next payment 04:00 UTC−0.0393%/8h= −43.0% APRpaid last 24h −0.303%
Price spread now: Kraken Futures against Bitget+0.053%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
The price spread pays, funding is against you. Kraken Futures is 0.053% dearer against Bitget than usual: you sell high and buy low (spread +0.053% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 11 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget AUCTIONUSDT | 3.7210 | 0.0100 | pay 0.0050% / 4h | 0m 54s | $375K | $154K | 25x |
| Short | Kraken Futures PF_AUCTIONUSD | 3.7230 | −0.0293 | pay 0.0037% / 1h | 0m 54s | $8K | $272 | 10x |
Bitget AUCTIONUSDT
Kraken Futures PF_AUCTIONUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. 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
- −$82.56
- Price spread: +0.053% → 0.000%
- $5.31
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$99.25
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Bitget: live order book, 49 min ago; Kraken Futures: 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 Bitget live order book, 49 min ago | 4.08 bp | 31.2 bp −$31 | 164.2 bp −$1,642 | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
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.
AUCTION 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AUCTIONUSDshort | −0.0293% | 1h | 3.7230 | +0.053% | $8K | $272 | 10x | |
| Aster AUCTIONUSDT | +0.0100% | 4h | 3.7193 | −0.047% | $929 | $3K | 5x | as long as short |
| Binance AUCTIONUSDT | +0.0100% | 4h | 3.7216 | +0.015% | $2.4M | $1.6M | 50x | as long as short |
| Bybit AUCTIONUSDT | +0.0100% | 4h | 3.7200 | −0.027% | $593K | $270K | 25x | as long as short |
| OKX AUCTION-USDT-SWAP | +0.0100% | 4h | 3.7190 | −0.054% | $786K | $707K | 20x | as long as short |
| Gate AUCTION_USDT | +0.0100% | 8h | 3.7210 | 0.000% | $106K | $70K | 50x | as long as short |
| MEXC AUCTION_USDT | +0.0100% | 4h | 3.7210 | 0.000% | $442K | $146K | 20x | as long as short |
| KuCoin AUCTIONUSDTM | +0.0100% | 4h | 3.7190 | −0.054% | $371K | $110K | 20x | as long as short |
| Bitget AUCTIONUSDTlong | +0.0100% | 4h | 3.7210 | long leg | $375K | $154K | 25x | |
| BingX AUCTION-USDT | +0.0100% | 4h | 3.7190 | −0.054% | — | $12.3M | — | as long as short |
Aster AUCTIONUSDT
Binance AUCTIONUSDT
Bybit AUCTIONUSDT
OKX AUCTION-USDT-SWAP
Gate AUCTION_USDT
MEXC AUCTION_USDT
KuCoin AUCTIONUSDTM
BingX AUCTION-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AUCTION | +0.0100% | 4h | 3.7228 | +0.050% | $172 | $38 | — | as long as short |
Variational Omni AUCTION