Funding you earn now, next payment 09:00 UTC−0.0818%/8h= −89.5% APRpaid last 24h −0.245%
Price spread now: Kraken Futures against Gate+0.076%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 0.076% dearer against Gate than usual: you sell high and buy low (spread +0.076% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 7 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate AUCTION_USDT | 3.7300 | 0.0100 | pay 0.0100% / 8h | 7h 22m | $103K | $74K | 50x |
| Short | Kraken Futures PF_AUCTIONUSD | 3.7328 | −0.0718 | pay 0.0090% / 1h | 22m 50s | $8K | $3K | 10x |
Gate AUCTION_USDT
Kraken Futures PF_AUCTIONUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. 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
- −$171.71
- Price spread: +0.076% → 0.000%
- $7.62
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$189.1
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 2 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 Gate live order book, 2 min ago | 5.38 bp | 68.5 bp −$68 | doesn't fit | 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 | −0.0718% | 1h | 3.7328 | +0.076% | $8K | $3K | 10x | |
| Aster AUCTIONUSDT | +0.0100% | 4h | 3.7308 | +0.022% | $717 | $3K | 5x | as long as short |
| Binance AUCTIONUSDT | +0.0100% | 4h | 3.7330 | +0.080% | $2.5M | $2.0M | 50x | as long as short |
| Bybit AUCTIONUSDT | +0.0100% | 4h | 3.7360 | +0.161% | $572K | $347K | 25x | as long as short |
| OKX AUCTION-USDT-SWAP | +0.0100% | 4h | 3.7350 | +0.134% | $794K | $759K | 20x | as long as short |
| Gate AUCTION_USDTlong | +0.0100% | 8h | 3.7300 | long leg | $103K | $74K | 50x | |
| MEXC AUCTION_USDT | +0.0100% | 4h | 3.7340 | +0.107% | $431K | $155K | 20x | as long as short |
| KuCoin AUCTIONUSDTM | +0.0100% | 4h | 3.7300 | 0.000% | $346K | $133K | 20x | as long as short |
| Bitget AUCTIONUSDT | +0.0100% | 4h | 3.7340 | +0.107% | $367K | $179K | 25x | as long as short |
| BingX AUCTION-USDT | +0.0100% | 4h | 3.7330 | +0.080% | — | $16.7M | — | as long as short |
Aster AUCTIONUSDT
Binance AUCTIONUSDT
Bybit AUCTIONUSDT
OKX AUCTION-USDT-SWAP
MEXC AUCTION_USDT
KuCoin AUCTIONUSDTM
Bitget AUCTIONUSDT
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 | 3.7123 | −0.475% | $172 | $38 | — | as long as short |
Variational Omni AUCTION