Funding you earn now, next payment 03:00 UTC−0.0206%/8h= −22.5% APRpaid last 24h +0.097%
Price spread now: Bitget against Kraken Futures−0.352%7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$900.900% of the position
Funding, last 7 days−0.346%−$35 on $10k
+Price spread, last 4 days (all we have)+0.337%+$34 · spread now −0.352%, 7d avg −0.074%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bitget is 0.277% cheaper against Kraken Futures than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of −0.074%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ETHFIUSD | 0.7143 | 0.0306 | pay 0.0038% / 1h | 15m 47s | $270K | $203K | 20x |
| Short | Bitget ETHFIUSDT | 0.7118 | 0.0100 | get 0.0050% / 4h | 1h 15m | $6.1M | $5.3M | 75x |
Kraken Futures PF_ETHFIUSD
Bitget ETHFIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$43.17
- Price spread: −0.352% → −0.074%
- −$27.71
- Slippage, 4 orders
- −$68.04
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$160.92
- Costs to cover
- 0.900%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 47 min ago; Bitget: live order book, 2 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 Kraken Futures live order book, 47 min ago | 5.58 bp | 26.7 bp −$27 | 129.2 bp −$1,292 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 2.80 bp | 22.5 bp −$23 | 41.2 bp −$412 | doesn't fit | doesn't fit |
ETHFI on 24 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 ETHFI_USDC-PERPETUAL | −0.0590% | 1h | 0.7138 | −0.072% | $40K | $12K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0203% | 4h | 0.7135 | −0.114% | $16K | $1K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0106% | 4h | 0.7125 | −0.254% | $88K | $168K | 20x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.356% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0080% | 8h | 0.7118 | −0.352% | $6K | — | 5x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7125 | −0.248% | $1.1M | $888K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7130 | −0.181% | $17.8M | $8.1M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7133 | −0.140% | $182K | $256K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7117 | −0.366% | $24.8M | $35.6M | 75x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7122 | −0.296% | $17.8M | $12.6M | 25x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
HTX ETHFI-USDT
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Binance ETHFIUSDT
Bybit ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7128 | −0.212% | $5.1M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7136 | −0.100% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7120 | −0.324% | $15.5M | $4.0M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7129 | −0.198% | $1.2M | $253K | 50x | as long as short |
| Bitget ETHFIUSDTshort | +0.0100% | 4h | 0.7118 | −0.352% | $6.1M | $5.3M | 75x | |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7124 | −0.268% | — | $26.0M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7141 | −0.028% | $1.0M | $716K | — | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7143 | −0.002% | $2K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7116 | −0.379% | $97K | $379K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7142 | −0.011% | $9K | — | 3x | as long as short |
| Kraken Futures PF_ETHFIUSDlong | +0.0306% | 1h | 0.7143 | long leg | $270K | $203K | 20x | |
| BloFin ETHFI-USDT | +0.0340% | 4h | 0.7132 | −0.156% | $1.2M | $249K | 75x | as long as short |
| Polymarket Perps ETHFI-USD | +0.0465% | 1h | 0.7157 | +0.197% | $71K | $118K | 5x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0512% | 1h | 0.7169 | +0.362% | $31K | $6K | 50x | as long as short |
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDT
Variational Omni ETHFI
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
BloFin ETHFI-USDT
Polymarket Perps ETHFI-USD
Coinbase International ETHFI-PERP-INTX