Funding you earn now, next payment 00:00 UTC−0.0825%/8h= −90.4% APRpaid last 24h −0.059%
Price spread now: Kraken Futures against Bitget+0.227%7-day average +0.145% · you sell dearer than you buy
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$1041.043% of the position
Funding, last 7 days−0.264%−$26 on $10k
+Price spread, last 3 days (all we have)−0.102%−$10 · spread now +0.227%, 7d avg +0.145%
=The price spread pays, funding is against you. Kraken Futures is 0.081% dearer against Bitget than usual: you sell high and buy low (spread +0.227% now, against its 7-day average of +0.145%): +$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 8 hours. At the pace of the last 7 days (−0.264% in total) that is about 2.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.264% in total (about -13.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget COMPUSDT | 22.500 | 0.0100 | pay 0.0100% / 8h | 11m 44s | $1.9M | $617K | 75x |
| Short | Kraken Futures PF_COMPUSD | 22.551 | −0.0725 | pay 0.0091% / 1h | 11m 44s | $227K | $92K | 20x |
Bitget COMPUSDT
Kraken Futures PF_COMPUSDFunding 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
- −$173.28
- Price spread: +0.227% → +0.145%
- $8.15
- Slippage, 4 orders
- −$82.26
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$269.39
- Costs to cover
- 1.043%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; Kraken Futures: live order book, 1 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 Bitget live order book, 5 min ago | 2.22 bp | 21.3 bp −$21 | 53.1 bp −$531 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 9.10 bp | 29.1 bp −$29 | 94.5 bp −$945 | doesn't fit | doesn't fit |
COMP on 16 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_COMPUSDshort | −0.0725% | 1h | 22.551 | +0.227% | $227K | $92K | 20x | |
| Deribit COMP_USDC-PERPETUAL | −0.0638% | 1h | 22.510 | +0.044% | $329 | $327 | 50x | as long as short |
| dYdX COMP-USD | 0.0000% | 1h | 22.550 | +0.222% | $68K | — | 5x | as long as short |
| Injective COMP/USDC PERP | +0.0033% | 1h | 22.340 | −0.711% | $2K | $13K | 12x | as long as short |
| Hyperliquid COMP | +0.0100% | 1h | 22.531 | +0.138% | $845K | $413K | 5x | as long as short |
| Binance COMPUSDT | +0.0100% | 8h | 22.500 | 0.000% | $4.2M | $7.0M | 75x | as long as short |
| Bybit COMPUSDT | +0.0100% | 8h | 22.500 | 0.000% | $3.8M | $1.9M | 75x | as long as short |
| OKX COMP-USDT-SWAP | +0.0100% | 8h | 22.500 | 0.000% | $1.6M | $2.1M | 20x | as long as short |
| Gate COMP_USDT | +0.0100% | 8h | 22.550 | +0.222% | $220K | $71K | 25x | as long as short |
| MEXC COMP_USDT | +0.0100% | 8h | 22.520 | +0.089% | $2.8M | $846K | 20x | as long as short |
Deribit COMP_USDC-PERPETUAL
dYdX COMP-USD
Injective COMP/USDC PERP
Hyperliquid COMP
Binance COMPUSDT
Bybit COMPUSDT
OKX COMP-USDT-SWAP
Gate COMP_USDT
MEXC COMP_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin COMPUSDTM | +0.0100% | 8h | 22.520 | +0.089% | $454K | $91K | 30x | as long as short |
| Bitget COMPUSDTlong | +0.0100% | 8h | 22.500 | long leg | $1.9M | $617K | 75x | |
| BingX COMP-USDT | +0.0100% | 8h | 22.480 | −0.089% | — | $36.0M | — | as long as short |
| Variational Omni COMP | +0.0100% | 8h | 22.542 | +0.185% | $15K | $31K | — | as long as short |
| BloFin COMP-USDT | +0.0130% | 8h | 22.520 | +0.089% | $237K | $149K | 20x | as long as short |
| Coinbase International COMP-PERP-INTX | +0.0136% | 1h | 22.730 | +1.022% | $17K | $51K | 25x | as long as short |
KuCoin COMPUSDTM
BingX COMP-USDT
Variational Omni COMP
BloFin COMP-USDT
Coinbase International COMP-PERP-INTX