Funding you earn now, next payment 08:00 UTC−0.0585%/8h= −64.1% APRpaid last 24h +0.072%
Price spread now: KuCoin against Kraken Futures+0.068%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
The price spread pays, funding is against you. KuCoin is 0.068% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.068% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 9 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_COWUSD | 0.1619 | 0.0685 | pay 0.0086% / 1h | 16m 26s | $5K | $212 | 10x |
| Short | KuCoin COWUSDTM | 0.1620 | 0.0100 | get 0.0050% / 4h | 16m 26s | $222K | $43K | 20x |
Kraken Futures PF_COWUSD
KuCoin COWUSDTMFunding 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
- −$122.84
- Price spread: +0.068% → 0.000%
- $6.84
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$138
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 15 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, 15 min ago | 18.52 bp | 156.2 bp −$156 | 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.
COW 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster COWUSDT | +0.0100% | 4h | 0.1620 | +0.074% | $30K | $12K | 5x | as long as short |
| Binance COWUSDT | +0.0100% | 4h | 0.1620 | +0.075% | $2.2M | $3.1M | 50x | as long as short |
| Bybit COWUSDT | +0.0100% | 4h | 0.1620 | +0.075% | $961K | $497K | 25x | as long as short |
| Gate COW_USDT | +0.0100% | 4h | 0.1621 | +0.130% | $131K | $73K | 50x | as long as short |
| MEXC COW_USDT | +0.0100% | 4h | 0.1620 | +0.068% | $591K | $198K | 20x | as long as short |
| KuCoin COWUSDTMshort | +0.0100% | 4h | 0.1620 | +0.068% | $222K | $43K | 20x | |
| Bitget COWUSDT | +0.0100% | 4h | 0.1620 | +0.068% | $398K | $208K | 50x | as long as short |
| BingX COW-USDT | +0.0100% | 4h | 0.1620 | +0.068% | — | $6.6M | — | as long as short |
| Variational Omni COW | +0.0100% | 4h | 0.1617 | −0.094% | $6K | $592 | — | as long as short |
| BloFin COW-USDT | +0.0160% | 4h | 0.1620 | +0.068% | $140K | $32K | 75x | as long as short |
Aster COWUSDT
Binance COWUSDT
Bybit COWUSDT
Gate COW_USDT
MEXC COW_USDT
Bitget COWUSDT
BingX COW-USDT
Variational Omni COW
BloFin COW-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_COWUSDlong | +0.0685% | 1h | 0.1619 | long leg | $5K | $212 | 10x |