Funding you earn now, next payment 09:00 UTC+0.0988%/8h= +108.2% APRpaid last 24h +0.152%
Price spread now: Kraken Futures against KuCoin+0.050%7-day average +0.095% · you sell dearer than you buy
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$195as in the Price arb table
costs, in and out, $10k−$1901.902% of the position
Funding, last 7 days+0.678%+$68 on $10k
+Price spread, last 4 days (all we have)+0.376%+$38 · spread now +0.050%, 7d avg +0.095%
=Funding pays, the price is against you. Kraken Futures is 0.045% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.050% now, against its 7-day average of +0.095%). If the spread goes back, that is −$4 on $10k: about 4 hours of funding at the current rate (+$30 a day). At the pace of the last 7 days (+0.678% in total) that is about 11 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.678% in total (about 35.3% 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 DYDXUSDTM | 0.1347 | 0.0100 | pay 0.0100% / 8h | 7h 35m | $2.3M | $3.4M | 50x |
| Short | Kraken Futures PF_DYDXUSD | 0.1348 | 0.1088 | get 0.0136% / 1h | 35m 47s | $303K | $300K | 20x |
KuCoin DYDXUSDTM
Kraken Futures PF_DYDXUSDFunding 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
- $207.57
- Price spread: +0.050% → +0.095%
- −$4.47
- Slippage, 4 orders
- −$168.2
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $12.91
- Costs to cover
- 1.902%
- Break-even
- 6.6 days
Slippage from KuCoin: live order book, 12 min ago; Kraken Futures: live order book, 62 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, 12 min ago | 7.40 bp | 52.5 bp −$53 | 283.1 bp −$2,831 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 62 min ago | 5.92 bp | 37.4 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
DYDX on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter DYDX | +0.0096% | 1h | 0.1348 | +0.052% | $60K | $46K | 5x | as long as short |
| Hyperliquid DYDX | +0.0100% | 1h | 0.1349 | +0.148% | $2.0M | $712K | 5x | as long as short |
| Aster DYDXUSDT | +0.0100% | 8h | 0.1347 | −0.022% | $6K | $10K | 5x | as long as short |
| Binance DYDXUSDT | +0.0100% | 8h | 0.1348 | +0.046% | $5.2M | $7.8M | 75x | as long as short |
| Bybit DYDXUSDT | +0.0100% | 8h | 0.1345 | −0.126% | $4.7M | $2.5M | 75x | as long as short |
| OKX DYDX-USDT-SWAP | +0.0100% | 8h | 0.1348 | +0.037% | $2.1M | $2.8M | 20x | as long as short |
| Gate DYDX_USDT | +0.0100% | 8h | 0.1346 | −0.111% | $366K | $429K | 75x | as long as short |
| MEXC DYDX_USDT | +0.0100% | 8h | 0.1347 | 0.000% | $2.9M | $750K | 125x | as long as short |
| KuCoin DYDXUSDTMlong | +0.0100% | 8h | 0.1347 | long leg | $2.3M | $3.4M | 50x | |
| Bitget DYDXUSDT | +0.0100% | 8h | 0.1348 | +0.074% | $1.4M | $870K | 10x | as long as short |
Lighter DYDX
Hyperliquid DYDX
Aster DYDXUSDT
Binance DYDXUSDT
Bybit DYDXUSDT
OKX DYDX-USDT-SWAP
Gate DYDX_USDT
MEXC DYDX_USDT
Bitget DYDXUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX DYDX-USDT | +0.0100% | 8h | 0.1347 | 0.000% | — | $3.0M | — | as long as short |
| Extended DYDX-USD | +0.0104% | 1h | 0.1347 | +0.019% | $3K | $402K | 10x | as long as short |
| Aevo DYDX-PERP | +0.0104% | 1h | 0.1349 | +0.168% | $49K | — | 3x | as long as short |
| Arcus DYDX-USD | +0.0117% | 1h | 0.1349 | +0.148% | $51K | $21K | 5x | as long as short |
| BloFin DYDX-USDT | +0.0120% | 8h | 0.1349 | +0.148% | $291K | $30K | 75x | as long as short |
| GMX DYDX/USD [WBTC.b-USDC] | L +0.0187% / S −0.0526% | 1h | 0.1346 | −0.060% | $913 | — | 100x | as long as short |
| Injective DYDX/USDC PERP | +0.0188% | 1h | 0.1346 | −0.074% | $6K | $48K | 12x | as long as short |
| Deribit DYDX_USDC-PERPETUAL | +0.0493% | 1h | 0.1348 | +0.074% | — | — | 25x | as long as short |
| Coinbase International DYDX-PERP-INTX | +0.0992% | 1h | 0.1356 | +0.668% | $17K | $26K | 50x | as long as short |
| Kraken Futures PF_DYDXUSDshort | +0.1088% | 1h | 0.1348 | +0.050% | $303K | $300K | 20x | |
| dYdX DYDX-USD | +0.9605% | 1h | 0.1346 | −0.085% | $77K | $2K | 5x | as long as short |
BingX DYDX-USDT
Extended DYDX-USD
Aevo DYDX-PERP
Arcus DYDX-USD
BloFin DYDX-USDT
GMX DYDX/USD [WBTC.b-USDC]
Injective DYDX/USDC PERP
Deribit DYDX_USDC-PERPETUAL
Coinbase International DYDX-PERP-INTX
dYdX DYDX-USD