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Funding arb · Price arb /

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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 23:00 UTC−0.1097%/8h= −120.1% APRpaid last 24h −0.288%
Price spread now: Kraken Futures against Gate+0.103%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on GateShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread pays, funding is against you. Kraken Futures is 0.103% dearer against Gate than usual: you sell high and buy low (spread +0.103% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$33 a day in funding at the current rate, which eats that in about 8 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate GMT_USDT0.0083200.0100pay 0.0100% / 8h1h 42m$146K$104K50x
ShortKraken Futures PF_GMTUSD0.008329−0.0997pay 0.0125% / 1h42m 41s$45K$10K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$230.29
Price spread: +0.103% → 0.000%
$10.32
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$244.97
Costs to cover
0.250%
Break-even
never at this rate
Slippage unknown: Gate: live order book, 33 min ago; Kraken Futures: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 33 min ago11.99 bp34.3 bp −$34doesn't fitdoesn't fitdoesn't fit
Sell Kraken Futures no order-book sample—————
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

GMT on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_GMTUSDshort−0.0997%1h0.008329+0.103%$45K$10K20x
KuCoin GMTUSDTM−0.0050%4h0.0083200.000%$257K$99K50xas long as short
Hyperliquid GMT+0.0100%1h0.008334+0.168%$122K$123K3xas long as short
Aster GMTUSDT+0.0100%4h0.008329+0.110%$8K$14K10xas long as short
Binance GMTUSDT+0.0100%4h0.008331+0.136%$2.7M$3.0M50xas long as short
Bybit GMTUSDT+0.0100%8h0.008323+0.036%$1.1M$1.1M50xas long as short
OKX GMT-USDT-SWAP+0.0100%4h0.008326+0.072%$343K$552K20xas long as short
Gate GMT_USDTlong+0.0100%8h0.008320long leg$146K$104K50x
MEXC GMT_USDT+0.0100%4h0.008331+0.132%$422K$184K20xas long as short
Bitget GMTUSDT+0.0100%4h0.008323+0.036%$670K$400K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX GMT-USDT+0.0100%4h0.008324+0.048%—$1.2M—as long as short
Variational Omni GMT+0.0100%8h0.008317−0.040%$3K$5K—as long as short