Funding you earn now, next payment 00:00 UTC−0.0454%/8h= −49.7% APRpaid last 24h +0.114%
Price spread now: Gate against Kraken Futures−0.081%7-day average −0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$157as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1221.218% of the position
Funding, last 7 days−0.352%−$35 on $10k
+Price spread, last 3 days (all we have)+0.032%+$3 · spread now −0.081%, 7d avg −0.052%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Gate is 0.029% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.052%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ETHFIUSD | 0.7148 | 0.0554 | pay 0.0069% / 1h | 6m 58s | $275K | $162K | 20x |
| Short | Gate ETHFI_USDT | 0.7142 | 0.0100 | get 0.0050% / 4h | 6m 58s | $1.7M | $2.1M | 75x |
Kraken Futures PF_ETHFIUSD
Gate ETHFI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$95.34
- Price spread: −0.081% → −0.052%
- −$2.87
- Slippage, 4 orders
- −$96.76
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$219.97
- Costs to cover
- 1.218%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 6 min ago; Gate: live order book, 1 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, 6 min ago | 11.92 bp | 40.2 bp −$40 | 166.9 bp −$1,669 | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 2.80 bp | 20.0 bp −$20 | 179.4 bp −$1,794 | 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 | −0.0450% | 1h | 0.7140 | −0.109% | $40K | $13K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0329% | 4h | 0.7121 | −0.375% | $83K | $165K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0190% | 4h | 0.7133 | −0.207% | $16K | $1K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | −0.0044% | 8h | 0.7136 | −0.158% | $6K | — | 5x | as long as short |
| Extended ETHFI-USD | +0.0016% | 1h | 0.7133 | −0.210% | $92K | $492K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0018% | 4h | 0.7134 | −0.193% | $15.2M | $3.8M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0019% | 4h | 0.7134 | −0.190% | $24.9M | $37.4M | 75x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.290% | $321 | $51K | 5.5x | as long as short |
| Variational Omni ETHFI | +0.0045% | 4h | 0.7115 | −0.452% | $1.0M | $745K | — | as long as short |
| BloFin ETHFI-USDT | +0.0078% | 4h | 0.7132 | −0.221% | $1.3M | $281K | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Paradex ETHFI-USD-PERP
Extended ETHFI-USD
MEXC ETHFI_USDT
Binance ETHFIUSDT
Injective ETHFI/USDC PERP
Variational Omni ETHFI
BloFin ETHFI-USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.7135 | −0.179% | $9K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7147 | −0.004% | $1.1M | $897K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7141 | −0.092% | $18.0M | $9.1M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7142 | −0.080% | $182K | $259K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7136 | −0.165% | $18.1M | $13.1M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7141 | −0.095% | $4.9M | $12.6M | 20x | as long as short |
| Gate ETHFI_USDTshort | +0.0100% | 4h | 0.7142 | −0.081% | $1.7M | $2.1M | 75x | |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7143 | −0.067% | $1.2M | $270K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7132 | −0.221% | $6.1M | $5.8M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7138 | −0.137% | — | $26.1M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7135 | −0.173% | $59K | $94K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7140 | −0.109% | $1K | $1.1M | 20x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0216% | 1h | 0.7237 | +1.248% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSDlong | +0.0554% | 1h | 0.7148 | long leg | $275K | $162K | 20x |
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Coinbase International ETHFI-PERP-INTX