Funding you earn now, next payment 09:00 UTC−0.0005%/8h= −0.6% APRpaid last 24h +0.011%
Price spread now: KuCoin against Kraken Futures+0.153%52s7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$700.698% of the position
Funding, last 7 days+0.022%+$2 on $10k
+Price spread, last 4 days (all we have)−0.244%−$24 · spread now +0.153%, 7d avg −0.030%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.184% dearer against Kraken Futures than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.030%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_FILUSD | 0.9937 | 0.0097 | pay 0.0012% / 1h | 23m 28s | $1.4M | $2.1M | 50x |
| Short | KuCoin FILUSDTM | 0.9952 | 0.0092 | get 0.0092% / 8h | 7h 23m | $7.1M | $7.8M | 50x |
Kraken Futures PF_FILUSD
KuCoin FILUSDTMFunding 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
- −$1.14
- Price spread: +0.153% → −0.030%
- $18.35
- Slippage, 4 orders
- −$47.8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$52.59
- Costs to cover
- 0.698%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; KuCoin: live order book, 5 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, 5 min ago | 2.53 bp | 17.5 bp −$18 | 27.6 bp −$276 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 2.53 bp | 15.5 bp −$16 | 41.2 bp −$412 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International FIL-PERP-INTX | −0.0056% | 1h | 0.9920 | −0.169% | $352K | $2.1M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9924 | −0.125% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9925 | −0.118% | $58K | $580 | 10x | as long as short |
| Deribit FIL_USDC-PERPETUAL | 0.0000% | 1h | 0.9939 | +0.023% | $171K | $23K | 25x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.823% | $2K | $240K | 12x | as long as short |
| KuCoin FILUSDTMshort | +0.0092% | 8h | 0.9952 | +0.153% | $7.1M | $7.8M | 50x | |
| Lighter FIL | +0.0096% | 1h | 0.9945 | +0.087% | $145K | $345K | 5x | as long as short |
| Kraken Futures PF_FILUSDlong | +0.0097% | 1h | 0.9937 | long leg | $1.4M | $2.1M | 50x | |
| Hyperliquid FIL | +0.0100% | 1h | 0.9954 | +0.177% | $8.3M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9959 | +0.223% | $508K | $552K | 20x | as long as short |
Coinbase International FIL-PERP-INTX
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Deribit FIL_USDC-PERPETUAL
Injective FIL/USDC PERP
Lighter FIL
Hyperliquid FIL
Aster FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance FILUSDT | +0.0100% | 8h | 0.9958 | +0.214% | $56.7M | $182.2M | 75x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9955 | +0.184% | $15.3M | $20.2M | 25x | as long as short |
| OKX FIL-USDT-SWAP | +0.0100% | 8h | 0.9952 | +0.153% | $17.7M | $105.8M | 50x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9958 | +0.214% | $8.4M | $16.3M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9948 | +0.113% | $230K | $99K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9953 | +0.163% | $11.3M | $19.4M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9958 | +0.214% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9884 | −0.535% | $440K | $279K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9916 | −0.207% | $45K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9921 | −0.154% | $295K | $1.5M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9900 | −0.370% | $23K | $182K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9966 | +0.292% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9920 | −0.169% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9932 | −0.048% | $483 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9940 | +0.033% | $621K | $5.5M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9930 | −0.068% | $1.3M | $2.6M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9955 | +0.186% | $696K | $4.2M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9925 | −0.118% | $2.7M | $650K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0601% / S −0.0280% | 1h | 0.9931 | −0.062% | $266K | — | 100x | as long as short |
Binance FILUSDT
Bybit FILUSDT
OKX FIL-USDT-SWAP
Gate FIL_USDT
MEXC FIL_USDC
Bitget FILUSDT
BingX FIL-USDC
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
Extended FIL-USD
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]