Funding you earn now, next payment 00:00 UTC−0.0821%/8h= −89.9% APRpaid last 24h −0.059%
Price spread now: Kraken Futures against KuCoin+0.171%7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$585as in the Funding arb table
Net, price: spread back to 7d avg − costs−$547as in the Price arb table
costs, in and out, $10k−$5565.556% of the position
Funding, last 7 days−0.289%−$29 on $10k
+Price spread, last 3 days (all we have)−0.058%−$6 · spread now +0.171%, 7d avg +0.082%
=The price spread pays, funding is against you. Kraken Futures is 0.089% dearer against KuCoin than usual: you sell high and buy low (spread +0.171% now, against its 7-day average of +0.082%): +$9 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.289% 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 -0.289% in total (about -15.1% 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 | KuCoin COMPUSDTM | 22.630 | 0.0100 | pay 0.0100% / 8h | 1m 39s | $456K | $91K | 30x |
| Short | Kraken Futures PF_COMPUSD | 22.669 | −0.0721 | pay 0.0090% / 1h | 1m 39s | $228K | $91K | 20x |
KuCoin COMPUSDTM
Kraken Futures PF_COMPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against KuCoin. 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
- −$172.48
- Price spread: +0.171% → +0.082%
- $8.91
- Slippage, 4 orders
- −$533.6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$719.17
- Costs to cover
- 5.556%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 61 min ago; Kraken Futures: live order book, 11 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 KuCoin live order book, 61 min ago | 11.11 bp | 340.6 bp −$341 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit COMP_USDC-PERPETUAL | −0.1074% | 1h | 22.620 | −0.044% | $330 | $327 | 50x | as long as short |
| Kraken Futures PF_COMPUSDshort | −0.0721% | 1h | 22.669 | +0.171% | $228K | $91K | 20x | |
| dYdX COMP-USD | 0.0000% | 1h | 22.646 | +0.070% | $69K | — | 5x | as long as short |
| Injective COMP/USDC PERP | +0.0033% | 1h | 22.340 | −1.281% | $2K | $13K | 12x | as long as short |
| Hyperliquid COMP | +0.0100% | 1h | 22.630 | 0.000% | $849K | $409K | 5x | as long as short |
| Binance COMPUSDT | +0.0100% | 8h | 22.601 | −0.127% | $4.2M | $7.0M | 75x | as long as short |
| Bybit COMPUSDT | +0.0100% | 8h | 22.617 | −0.057% | $3.8M | $1.9M | 75x | as long as short |
| OKX COMP-USDT-SWAP | +0.0100% | 8h | 22.610 | −0.088% | $1.6M | $2.1M | 20x | as long as short |
| Gate COMP_USDT | +0.0100% | 8h | 22.600 | −0.133% | $220K | $71K | 25x | as long as short |
| MEXC COMP_USDT | +0.0100% | 8h | 22.600 | −0.133% | $2.8M | $850K | 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 COMPUSDTMlong | +0.0100% | 8h | 22.630 | long leg | $456K | $91K | 30x | |
| Bitget COMPUSDT | +0.0100% | 8h | 22.610 | −0.088% | $1.9M | $618K | 75x | as long as short |
| BingX COMP-USDT | +0.0100% | 8h | 22.610 | −0.088% | — | $36.0M | — | as long as short |
| Variational Omni COMP | +0.0100% | 8h | 22.517 | −0.500% | $15K | $31K | — | as long as short |
| BloFin COMP-USDT | +0.0119% | 8h | 22.600 | −0.133% | $236K | $149K | 20x | as long as short |
| Coinbase International COMP-PERP-INTX | +0.0136% | 1h | 22.730 | +0.442% | $17K | $51K | 25x | as long as short |
Bitget COMPUSDT
BingX COMP-USDT
Variational Omni COMP
BloFin COMP-USDT
Coinbase International COMP-PERP-INTX