Funding you earn now, next payment 02:00 UTC+0.0066%/8h= +7.3% APRpaid last 24h −0.824%
Price spread now: Bitget against Kraken Futures−0.013%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_INITUSD | 0.08288 | 0.0034 | pay 0.0004% / 1h | 10m 20s | $5K | $17K | 10x |
| Short | Bitget INITUSDT | 0.08287 | 0.0100 | get 0.0050% / 4h | 2h 10m | $431K | $303K | 25x |
Kraken Futures PF_INITUSD
Bitget INITUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $13.92
- Price spread: −0.013% → 0.000%
- −$1.3
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$9.39
- Costs to cover
- 0.220%
- Break-even
- 11.7 days
Slippage unknown: Kraken Futures: no order-book sample; Bitget: live order book, 50 min ago. Net counts fees only.
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 no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 50 min ago | 10.84 bp | 41.2 bp −$41 | 264.0 bp −$2,640 | doesn't fit | doesn'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.
INIT on 12 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_INITUSDlong | +0.0034% | 1h | 0.08288 | long leg | $5K | $17K | 10x | |
| Hyperliquid INIT | +0.0100% | 1h | 0.08291 | +0.032% | $301K | $230K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08291 | +0.031% | $27K | $37K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08287 | −0.008% | $3.4M | $3.7M | 25x | as long as short |
| Bybit INITUSDT | +0.0100% | 4h | 0.08276 | −0.146% | $1.4M | $1.5M | 25x | as long as short |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08306 | +0.216% | $138K | $657K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08287 | −0.013% | $84K | $55K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08290 | +0.023% | $449K | $213K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08283 | −0.061% | $330K | $54K | 25x | as long as short |
| Bitget INITUSDTshort | +0.0100% | 4h | 0.08287 | −0.013% | $431K | $303K | 25x |
Hyperliquid INIT
Aster INITUSDT
Binance INITUSDT
Bybit INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX INIT-USDT | +0.0100% | 4h | 0.08287 | −0.013% | — | $6.6M | — | as long as short |
| Variational Omni INIT | +0.0100% | 4h | 0.08274 | −0.169% | $26K | $23K | — | as long as short |
BingX INIT-USDT
Variational Omni INIT