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Funding arb · Price arb /

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Alert: funding
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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 07:00 UTC+0.1064%/8h= +116.5% APRpaid last 24h +0.291%
Price spread now: KuCoin against Kraken Futures−0.214%52s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Kraken FuturesShort on KuCoin
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
Funding pays, the price is against you. KuCoin is 0.214% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.214% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 16 hours of funding at the current rate (+$32 a day). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_GMTUSD0.008588−0.1274get 0.0159% / 1h55m 25s$44K$13K20x
ShortKuCoin GMTUSDTM0.008570−0.0210pay 0.0105% / 4h1h 55m$264K$189K50x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$223.37
Price spread: −0.214% → 0.000%
−$21.36
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$180.01
Costs to cover
0.220%
Break-even
1.4 days
Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 61 min ago. 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 Kraken Futures no order-book sample—————
Sell KuCoin live order book, 61 min ago11.75 bp46.6 bp −$47245.6 bp −$2,456doesn't fitdoesn't fit
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_GMTUSDlong−0.1274%1h0.008588long leg$44K$13K20x
Bybit GMTUSDT−0.0362%8h0.008578−0.120%$1.1M$2.1M50xas long as short
Variational Omni GMT−0.0306%8h0.008601+0.153%$4K$6K—as long as short
OKX GMT-USDT-SWAP−0.0213%4h0.008577−0.132%$395K$1.3M20xas long as short
KuCoin GMTUSDTMshort−0.0210%4h0.008570−0.214%$264K$189K50x
Hyperliquid GMT+0.0100%1h0.008580−0.097%$114K$154K3xas long as short
Aster GMTUSDT+0.0100%4h0.008583−0.060%$7K$23K10xas long as short
Binance GMTUSDT+0.0100%4h0.008579−0.108%$2.9M$5.4M50xas long as short
Gate GMT_USDT+0.0100%8h0.008590+0.019%$148K$178K50xas long as short
MEXC GMT_USDT+0.0100%4h0.008573−0.179%$424K$209K20xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget GMTUSDT+0.0100%4h0.008578−0.120%$682K$638K50xas long as short
BingX GMT-USDT+0.0100%4h0.008584−0.051%—$1.3M—as long as short