Funding you earn now, next payment 03:00 UTC−0.0135%/8h= −14.8% APRpaid last 24h −0.010%
Price spread now: KuCoin against Kraken Futures−0.075%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$220.224% of the position
Funding, last 7 days−0.066%−$7 on $10k
+Price spread, last 4 days (all we have)+0.131%+$13 · spread now −0.075%, 7d avg −0.021%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.054% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.021%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XBTUSD | 85,790 | 0.0138 | pay 0.0017% / 1h | 8m 53s | $189.3M | $953.0M | 100x |
| Short | KuCoin XBTUSDTM | 85,725.8 | 0.0003 | get 0.0003% / 8h | 5h 08m | $919.7M | $751.6M | 125x |
Kraken Futures PF_XBTUSD
KuCoin XBTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$28.37
- Price spread: −0.075% → −0.021%
- −$5.37
- Slippage, 4 orders
- −$0.44
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$56.19
- Costs to cover
- 0.224%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; KuCoin: live order book, 10 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, 5 min ago | 0.06 bp | 5.2 bp −$5 | 6.4 bp −$64 | 7.6 bp −$756 | 9.4 bp −$4,711 |
| Sell KuCoin live order book, 10 min ago | 0.01 bp | 6.0 bp −$6 | 6.8 bp −$68 | 9.4 bp −$937 | doesn't fit |
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0562% | 1h | 85,811.6 | +0.025% | $196K | $721K | 40x | as long as short |
| Phoenix BTC | −0.0160% | 1h | 85,805 | +0.017% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,804 | +0.016% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0040% | 1h | 85,787.2 | −0.003% | $369K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0032% | 8h | 85,764.5 | −0.030% | $415.9M | $666.1M | 150x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,787.9 | −0.002% | $16.7M | $21.2M | 50x | as long as short |
| KuCoin XBTUSDTMshort | +0.0003% | 8h | 85,725.8 | −0.075% | $919.7M | $751.6M | 125x | |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,786.9 | −0.004% | $36.7M | — | 200x | as long as short |
| Nado BTC-PERP | +0.0013% | 1h | 85,781.9 | −0.009% | $22.6M | $219.5M | 50x | as long as short |
| Aster BTCUSDT | +0.0020% | 8h | 85,755.3 | −0.040% | $516.7M | $1.10B | 200x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Nado BTC-PERP
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0057% | 8h | 85,711.4 | −0.092% | — | $1.53B | — | as long as short |
| Bitget BTCUSDT | +0.0072% | 8h | 85,735.5 | −0.064% | $2.96B | $5.01B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0073% | 1h | 85,761.8 | −0.033% | $6.7M | $146.5M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0079% | 1h | 85,807 | +0.020% | $341K | $26.9M | 52x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,774 | −0.019% | $2.5M | $1.7M | 20x | as long as short |
| Phemex BTCUSDT | +0.0082% | 8h | 85,768.2 | −0.025% | $149.2M | $479.9M | 150x | as long as short |
| MEXC BTC_USDT | +0.0087% | 8h | 85,732.7 | −0.067% | $5.07B | $5.65B | 500x | as long as short |
| Binance BTCUSDT | +0.0088% | 8h | 85,713.4 | −0.089% | $9.35B | $23.88B | 150x | as long as short |
| HTX BTC-USDT | +0.0092% | 8h | 85,759 | −0.036% | $2.27B | $936.5M | 200x | as long as short |
| SoDEX BTC-USD | +0.0094% | 1h | 85,770 | −0.023% | $60.1M | $336.2M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,777.8 | −0.014% | $174.7M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,779.5 | −0.012% | $23.9M | $149.5M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,790 | 0.000% | $8.4M | $52.3M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,814.6 | +0.029% | $3.8M | $8.3M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,762 | −0.033% | $197K | $7.8M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,846.2 | +0.066% | $3.75B | $4.96B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,809.4 | +0.023% | $40.2M | $576.5M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,722.6 | −0.079% | $5.33B | $9.57B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,727.8 | −0.073% | $2.58B | $12.11B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,760 | −0.035% | $3.9M | $18.0M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,757.9 | −0.037% | $6.8M | $97.6M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,800.8 | +0.013% | $635.6M | $478.1M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,747.6 | −0.049% | $5.55B | $10.56B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,755.4 | −0.040% | $35.3M | $173.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,777.2 | −0.015% | $157.4M | $555.4M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,754.5 | −0.041% | $280.1M | $916.5M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,809.7 | +0.023% | $215.5M | $165.9M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,774.1 | −0.019% | $140.3M | $314.6M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,831.8 | +0.049% | $30.3M | $208.9M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,833.5 | +0.051% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,780 | −0.012% | $11.1M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,782 | −0.009% | $192K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,764.6 | −0.030% | $2.4M | $8.8M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,766.8 | −0.027% | $30.0M | $50.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,752.5 | −0.044% | $2.9M | $6.1M | 100x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,715.4 | −0.087% | $44.3M | $226.8M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,803.2 | +0.015% | — | $106.0M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,813 | +0.027% | $124.5M | $5.11B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0112% | 1h | 85,812.2 | +0.026% | $891.4M | $1.53B | 50x | as long as short |
| RISEx BTC/USDC | +0.0120% | 1h | 85,809.8 | +0.023% | $8.4M | $42.3M | 25x | as long as short |
| Kraken Futures PF_XBTUSDlong | +0.0138% | 1h | 85,790 | long leg | $189.3M | $953.0M | 100x | |
| Hibachi BTC/USDT-P | +0.0192% | 1h | 85,853.1 | +0.074% | $704K | $7.8M | 30x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0202% / S −0.0178% | 1h | 85,789.6 | 0.000% | $13.6M | — | 200x | as long as short |
| Aftermath Perps BTCUSD | +0.0204% | 1h | 85,805.9 | +0.018% | $78K | $219K | 20x | as long as short |
| Kalshi KXBTCPERP | +0.0220% | 8h | 85,816 | +0.030% | $10.6M | $758.5M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,808.4 | +0.021% | $502K | $19.2M | 6.7x | as long as short |
BingX BTC-USDT
Bitget BTCUSDT
Reya BTCRUSDPERP
Injective BTC/USDC PERP
Aevo BTC-PERP
Phemex BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
HTX BTC-USDT
SoDEX BTC-USD
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
RISEx BTC/USDC
Hibachi BTC/USDT-P
GMX BTC/USD [WBTC.b-USDC]
Aftermath Perps BTCUSD
Kalshi KXBTCPERP
Perpl BTC