Funding you earn now, next payment 00:00 UTC−0.0412%/8h= −45.1% APRpaid last 24h −0.008%
Price spread now: Kraken Futures against Bitget+0.036%7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$580.576% of the position
Funding, last 7 days−0.186%−$19 on $10k
+Price spread, last 3 days (all we have)+0.078%+$8 · spread now +0.036%, 7d avg +0.062%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Kraken Futures is 0.026% cheaper against Bitget than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.062%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.186% in total (about -9.7% 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 | Bitget FILUSDT | 0.9889 | 0.0019 | pay 0.0019% / 8h | 54m 42s | $11.0M | $21.6M | 75x |
| Short | Kraken Futures PF_FILUSD | 0.9893 | −0.0393 | pay 0.0049% / 1h | 54m 42s | $1.3M | $2.4M | 50x |
Bitget FILUSDT
Kraken Futures PF_FILUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. 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
- −$86.59
- Price spread: +0.036% → +0.062%
- −$2.59
- Slippage, 4 orders
- −$35.64
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$146.82
- Costs to cover
- 0.576%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; Kraken Futures: live order book, 4 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 Bitget live order book, 4 min ago | 0.50 bp | 12.7 bp −$13 | 20.7 bp −$207 | 45.2 bp −$4,519 | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 4.53 bp | 15.4 bp −$15 | 31.3 bp −$313 | doesn't fit | doesn't fit |
FIL on 29 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 FIL_USDC-PERPETUAL | −0.1264% | 1h | 0.9893 | +0.040% | $170K | $23K | 25x | as long as short |
| ApeX Omni FILUSDT | −0.0508% | 1h | 0.9900 | +0.111% | $30K | $197K | 50x | as long as short |
| Kraken Futures PF_FILUSDshort | −0.0393% | 1h | 0.9893 | +0.036% | $1.3M | $2.4M | 50x | |
| Coinbase International FIL-PERP-INTX | −0.0352% | 1h | 0.9890 | +0.010% | $319K | $1.9M | 50x | as long as short |
| Injective FIL/USDC PERP | −0.0245% | 1h | 0.9855 | −0.344% | $2K | $240K | 12x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9890 | +0.008% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9891 | +0.024% | $58K | $2K | 10x | as long as short |
| KuCoin FILUSDTM | +0.0005% | 8h | 0.9887 | −0.020% | $7.4M | $7.1M | 50x | as long as short |
| Bitget FILUSDTlong | +0.0019% | 8h | 0.9889 | long leg | $11.0M | $21.6M | 75x | |
| OKX FIL-USDT-SWAP | +0.0029% | 8h | 0.9885 | −0.040% | $18.1M | $98.6M | 50x | as long as short |
Deribit FIL_USDC-PERPETUAL
ApeX Omni FILUSDT
Coinbase International FIL-PERP-INTX
Injective FIL/USDC PERP
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
KuCoin FILUSDTM
OKX FIL-USDT-SWAPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit FILUSDT | +0.0043% | 8h | 0.9892 | +0.030% | $15.4M | $18.2M | 25x | as long as short |
| MEXC FIL_USDC | +0.0065% | 8h | 0.9881 | −0.081% | $251K | $103K | 50x | as long as short |
| Binance FILUSDT | +0.0068% | 8h | 0.9885 | −0.040% | $57.2M | $177.6M | 75x | as long as short |
| Extended FIL-USD | +0.0072% | 1h | 0.9887 | −0.020% | $692K | $2.3M | 10x | as long as short |
| BingX FIL-USDC | +0.0075% | 8h | 0.9891 | +0.020% | — | $6.5M | — | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9882 | −0.071% | $158K | $347K | 5x | as long as short |
| Gate FIL_USDT | +0.0099% | 8h | 0.9890 | +0.010% | $7.9M | $16.1M | 50x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9892 | +0.035% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9897 | +0.077% | $498K | $527K | 20x | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9896 | +0.072% | $441K | $277K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9893 | +0.045% | $45K | $292K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9887 | −0.024% | $287K | $790K | 10x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9894 | +0.048% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9880 | −0.091% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9885 | −0.040% | $491 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9895 | +0.061% | $627K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9890 | +0.010% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0189% | 8h | 0.9884 | −0.051% | $2.7M | $606K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0572% / S −0.0666% | 1h | 0.9889 | 0.000% | $196K | — | 100x | as long as short |
Bybit FILUSDT
MEXC FIL_USDC
Binance FILUSDT
Extended FIL-USD
BingX FIL-USDC
Lighter FIL
Gate FIL_USDT
Hyperliquid FIL
Aster FILUSDT
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]