Funding you earn now, next payment 06:00 UTC−0.0394%/8h= −43.2% APRpaid last 24h −0.301%
Price spread now: Kraken Futures against Bitget−0.073%7-day average +0.131% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+1.404%+$140 on $10k
+Price spread, last 4 days (all we have)+0.137%+$14 · spread now −0.073%, 7d avg +0.131%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Kraken Futures is 0.204% cheaper against Bitget than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.131%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.404%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget BATUSDT | 0.08323 | 0.0100 | pay 0.0100% / 8h | 2h 40m | $675K | $173K | 50x |
| Short | Kraken Futures PF_BATUSD | 0.08317 | −0.0294 | pay 0.0037% / 1h | 40m 01s | $114K | $7K | 10x |
Bitget BATUSDT
Kraken Futures PF_BATUSDFunding 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
- −$82.84
- Price spread: −0.073% → +0.131%
- −$20.45
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$125.28
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Bitget: live order book, 5 min ago; Kraken Futures: live order book, 7 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 Bitget live order book, 5 min ago | 5.97 bp | 27.2 bp −$27 | 150.5 bp −$1,505 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 7 min ago | 16.70 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
BAT 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_BATUSDshort | −0.0294% | 1h | 0.08317 | −0.073% | $114K | $7K | 10x | |
| Binance BATUSDT | +0.0100% | 8h | 0.08318 | −0.060% | $1.9M | $2.1M | 50x | as long as short |
| Bybit BATUSDT | +0.0100% | 8h | 0.08321 | −0.024% | $1.1M | $483K | 25x | as long as short |
| OKX BAT-USDT-SWAP | +0.0100% | 8h | 0.08314 | −0.108% | $523K | $412K | 20x | as long as short |
| Gate BAT_USDT | +0.0100% | 8h | 0.08333 | +0.120% | $81K | $28K | 25x | as long as short |
| MEXC BAT_USDT | +0.0100% | 8h | 0.08320 | −0.036% | $783K | $637K | 125x | as long as short |
| KuCoin BATUSDTM | +0.0100% | 8h | 0.08330 | +0.084% | $258K | $63K | 20x | as long as short |
| Bitget BATUSDTlong | +0.0100% | 8h | 0.08323 | long leg | $675K | $173K | 50x | |
| BingX BAT-USDT | +0.0100% | 8h | 0.08317 | −0.072% | — | $1.3M | — | as long as short |
| Variational Omni BAT | +0.0100% | 8h | 0.08327 | +0.050% | $114K | $78 | — | as long as short |
Binance BATUSDT
Bybit BATUSDT
OKX BAT-USDT-SWAP
Gate BAT_USDT
MEXC BAT_USDT
KuCoin BATUSDTM
BingX BAT-USDT
Variational Omni BATShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin BAT-USDT | +0.0116% | 8h | 0.08326 | +0.036% | $99K | $33K | 50x | as long as short |
BloFin BAT-USDT