Funding you earn now, next payment 12:00 UTC+0.0161%/8h= +17.6% APRpaid last 24h −0.079%
Price spread now: KuCoin against Kraken Futures+0.609%7-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
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and KuCoin is 0.609% dearer against Kraken Futures than usual: you sell high and buy low: +$61 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_COOKIEUSD | 0.01240 | −0.0061 | get 0.0008% / 1h | 51m 25s | $13K | $66K | 10x |
| Short | KuCoin COOKIEUSDTM | 0.01248 | 0.0100 | get 0.0050% / 4h | 51m 25s | $283K | $362K | 20x |
Kraken Futures PF_COOKIEUSD
KuCoin COOKIEUSDTMFunding 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
- $33.76
- Price spread: +0.609% → 0.000%
- $60.9
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $72.66
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 42 min ago. 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 42 min ago | 7.46 bp | 253.5 bp −$254 | doesn't fit | doesn't fit | doesn't fit |
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.
COOKIE on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit COOKIEUSDT | −0.0251% | 4h | 0.01247 | +0.536% | $991K | $3.6M | 25x | as long as short |
| Kraken Futures PF_COOKIEUSDlong | −0.0061% | 1h | 0.01240 | long leg | $13K | $66K | 10x | |
| Variational Omni COOKIE | +0.0004% | 4h | 0.01245 | +0.345% | $13K | $33K | — | as long as short |
| Binance COOKIEUSDT | +0.0100% | 4h | 0.01246 | +0.448% | $2.3M | $22.0M | 20x | as long as short |
| Gate COOKIE_USDT | +0.0100% | 4h | 0.01245 | +0.367% | $147K | $520K | 25x | as long as short |
| MEXC COOKIE_USDT | +0.0100% | 4h | 0.01246 | +0.448% | $798K | $726K | 100x | as long as short |
| KuCoin COOKIEUSDTMshort | +0.0100% | 4h | 0.01248 | +0.609% | $283K | $362K | 20x | |
| Bitget COOKIEUSDT | +0.0224% | 4h | 0.01247 | +0.528% | $395K | $607K | 5x | as long as short |
| BingX COOKIE-USDT | +0.0230% | 4h | 0.01246 | +0.480% | — | $6.6M | — | as long as short |
Bybit COOKIEUSDT
Variational Omni COOKIE
Binance COOKIEUSDT
Gate COOKIE_USDT
MEXC COOKIE_USDT
Bitget COOKIEUSDT
BingX COOKIE-USDT