Funding you earn now, next payment 02:00 UTC−0.0389%/8h= −42.5% APRpaid last 24h −1.850%
Price spread now: Kraken Futures against Gate+0.098%51s7-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 0.098% dearer against Gate than usual: you sell high and buy low (spread +0.098% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 20 hours. The two prices were read 51 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 | Gate BIGTIME_USDT | 0.008274 | 0.0100 | pay 0.0050% / 4h | 2h 06m | $59K | $31K | 50x |
| Short | Kraken Futures PF_BIGTIMEUSD | 0.008282 | −0.0289 | pay 0.0036% / 1h | 6m 22s | $8K | $5K | 10x |
Gate BIGTIME_USDT
Kraken Futures PF_BIGTIMEUSDFunding 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
- −$81.6
- Price spread: +0.098% → 0.000%
- $9.76
- 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
- −$96.83
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Gate: no order-book sample; 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 no order-book sample | — | — | — | — | — |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Gate and 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.
BIGTIME 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_BIGTIMEUSDshort | −0.0289% | 1h | 0.008282 | +0.098% | $8K | $5K | 10x | |
| Hyperliquid BIGTIME | +0.0100% | 1h | 0.008282 | +0.097% | $126K | $96K | 3x | as long as short |
| Binance BIGTIMEUSDT | +0.0100% | 4h | 0.008279 | +0.065% | $1.8M | $2.3M | 50x | as long as short |
| Bybit BIGTIMEUSDT | +0.0100% | 4h | 0.008282 | +0.097% | $682K | $611K | 25x | as long as short |
| OKX BIGTIME-USDT-SWAP | +0.0100% | 4h | 0.008273 | −0.012% | $437K | $396K | 10x | as long as short |
| Gate BIGTIME_USDTlong | +0.0100% | 4h | 0.008274 | long leg | $59K | $31K | 50x | |
| MEXC BIGTIME_USDT | +0.0100% | 4h | 0.008279 | +0.060% | $465K | $193K | 125x | as long as short |
| KuCoin BIGTIMEUSDTM | +0.0100% | 4h | 0.008276 | +0.024% | $244K | $26K | 20x | as long as short |
| Bitget BIGTIMEUSDT | +0.0100% | 4h | 0.008286 | +0.145% | $594K | $229K | 50x | as long as short |
| BingX BIGTIME-USDT | +0.0100% | 4h | 0.008281 | +0.085% | — | $2.3M | — | as long as short |
Hyperliquid BIGTIME
Binance BIGTIMEUSDT
Bybit BIGTIMEUSDT
OKX BIGTIME-USDT-SWAP
MEXC BIGTIME_USDT
KuCoin BIGTIMEUSDTM
Bitget BIGTIMEUSDT
BingX BIGTIME-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BIGTIME | +0.0100% | 4h | 0.008288 | +0.164% | $10K | $1K | — | as long as short |
Variational Omni BIGTIME