Funding you earn now, next payment 06:00 UTC+0.0508%/8h= +55.7% APRpaid last 24h +0.097%
Price spread now: KuCoin against Kraken Futures−0.399%7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$198as in the Funding arb table
Net, price: spread back to 7d avg − costs−$202as in the Price arb table
costs, in and out, $10k−$1681.684% of the position
Funding, last 7 days−0.292%−$29 on $10k
+Price spread, last 4 days (all we have)+0.262%+$26 · spread now −0.399%, 7d avg −0.061%
=Funding pays, the price is against you. KuCoin is 0.338% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.399% now, against its 7-day average of −0.061%). If the spread goes back, that is −$34 on $10k: about 2.2 days of funding at the current rate (+$15 a day). Mind the row above: over the last 7 days funding on this pair cost −0.292%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.292% in total (about -15.2% 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 | Kraken Futures PF_ETHFIUSD | 0.7007 | −0.0408 | get 0.0051% / 1h | 51m 38s | $267K | $240K | 20x |
| Short | KuCoin ETHFIUSDTM | 0.6979 | 0.0100 | get 0.0050% / 4h | 2h 51m | $1.2M | $230K | 50x |
Kraken Futures PF_ETHFIUSD
KuCoin ETHFIUSDTMFunding 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
- $106.75
- Price spread: −0.399% → −0.061%
- −$33.77
- Slippage, 4 orders
- −$146.37
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$95.39
- Costs to cover
- 1.684%
- Break-even
- 13.3 days
Slippage from Kraken Futures: live order book, 61 min ago; KuCoin: live order book, 8 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, 61 min ago | 7.08 bp | 29.6 bp −$30 | 158.4 bp −$1,584 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 8 min ago | 9.36 bp | 58.6 bp −$59 | 221.8 bp −$2,218 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ETHFIUSDlong | −0.0408% | 1h | 0.7007 | long leg | $267K | $240K | 20x | |
| HTX ETHFI-USDT | −0.0386% | 4h | 0.6978 | −0.413% | $81K | $182K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0322% | 1h | 0.6988 | −0.270% | $40K | $10K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0256% | 4h | 0.6984 | −0.328% | $16K | $1K | 10x | as long as short |
| Bybit ETHFIUSDT | −0.0144% | 4h | 0.6973 | −0.485% | $17.4M | $12.7M | 25x | as long as short |
| Variational Omni ETHFI | −0.0049% | 4h | 0.6972 | −0.495% | $957K | $717K | — | as long as short |
| Extended ETHFI-USD | +0.0008% | 1h | 0.6971 | −0.516% | $95K | $507K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0008% | 4h | 0.6971 | −0.513% | $15.8M | $4.1M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0008% | 4h | 0.6973 | −0.486% | $24.2M | $35.4M | 75x | as long as short |
| Aster ETHFIUSDT | +0.0028% | 4h | 0.6983 | −0.343% | $178K | $255K | 10x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Bybit ETHFIUSDT
Variational Omni ETHFI
Extended ETHFI-USD
MEXC ETHFI_USDT
Binance ETHFIUSDT
Aster ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +3.326% | $321 | $51K | 5.5x | as long as short |
| BloFin ETHFI-USDT | +0.0035% | 4h | 0.6948 | −0.841% | $1.2M | $238K | 75x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0037% | 8h | 0.6972 | −0.495% | $6K | — | 5x | as long as short |
| Aevo ETHFI-PERP | +0.0080% | 1h | 0.6985 | −0.313% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6982 | −0.358% | $1.1M | $830K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6986 | −0.305% | $17.1M | $8.3M | 5x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6979 | −0.399% | $5.0M | $12.4M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6981 | −0.370% | $1.7M | $1.9M | 75x | as long as short |
| KuCoin ETHFIUSDTMshort | +0.0100% | 4h | 0.6979 | −0.399% | $1.2M | $230K | 50x | |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6976 | −0.442% | $6.0M | $5.2M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.6974 | −0.470% | — | $8.8M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6986 | −0.300% | $64K | $125K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6994 | −0.185% | $1K | $1.1M | 20x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0376% | 1h | 0.7054 | +0.671% | $31K | $6K | 50x | as long as short |
Injective ETHFI/USDC PERP
BloFin ETHFI-USDT
Paradex ETHFI-USD-PERP
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Coinbase International ETHFI-PERP-INTX