Funding you earn now, next payment 10:00 UTC+0.0412%/8h= +45.1% APRpaid last 24h +0.286%
Price spread now: OKX against Kraken Futures−0.061%7-day average −0.187% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2,823as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,670as in the Price arb table
costs, in and out, $10k−$2,68326.831% of the position
Funding, last 7 days−1.395%−$139 on $10k
+Price spread, last 4 days (all we have)−0.156%−$16 · spread now −0.061%, 7d avg −0.187%
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and OKX is 0.127% dearer against Kraken Futures than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.187%. Mind the row above: over the last 7 days funding on this pair cost −1.395%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_BATUSD | 0.08390 | −0.0312 | get 0.0039% / 1h | 21m 10s | $115K | $6K | 10x |
| Short | OKX BAT-USDT-SWAP | 0.08385 | 0.0100 | get 0.0100% / 8h | 6h 21m | $525K | $374K | 20x |
Kraken Futures PF_BATUSD
OKX BAT-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
- $86.56
- Price spread: −0.061% → −0.187%
- $12.67
- Slippage, 4 orders
- −$2,663.07
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$2,583.84
- Costs to cover
- 26.831%
- Break-even
- 215.9 days
Slippage from Kraken Futures: live order book, 29 min ago; OKX: live order book, 27 min ago.
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 live order book, 29 min ago | 18.44 bp | 2521.8 bp −$2,522 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 27 min ago | 4.76 bp | 38.8 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
BAT on 11 exchanges
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_BATUSDlong | −0.0312% | 1h | 0.08390 | long leg | $115K | $6K | 10x | |
| BloFin BAT-USDT | +0.0080% | 8h | 0.08393 | +0.035% | $100K | $31K | 50x | as long as short |
| Binance BATUSDT | +0.0100% | 8h | 0.08394 | +0.049% | $1.9M | $2.1M | 50x | as long as short |
| Bybit BATUSDT | +0.0100% | 8h | 0.08402 | +0.142% | $1.1M | $490K | 25x | as long as short |
| OKX BAT-USDT-SWAPshort | +0.0100% | 8h | 0.08385 | −0.061% | $525K | $374K | 20x | |
| Gate BAT_USDT | +0.0100% | 8h | 0.08401 | +0.130% | $81K | $30K | 25x | as long as short |
| MEXC BAT_USDT | +0.0100% | 8h | 0.08394 | +0.047% | $708K | $850K | 125x | as long as short |
| KuCoin BATUSDTM | +0.0100% | 8h | 0.08400 | +0.118% | $260K | $62K | 20x | as long as short |
| Bitget BATUSDT | +0.0100% | 8h | 0.08395 | +0.059% | $683K | $189K | 50x | as long as short |
| BingX BAT-USDT | +0.0100% | 8h | 0.08395 | +0.059% | — | $1.3M | — | as long as short |
BloFin BAT-USDT
Binance BATUSDT
Bybit BATUSDT
Gate BAT_USDT
MEXC BAT_USDT
KuCoin BATUSDTM
Bitget BATUSDT
BingX BAT-USDTShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BAT | +0.0100% | 8h | 0.08413 | +0.276% | $114K | $78 | — | as long as short |
Variational Omni BAT