Funding you earn now, next payment 22:00 UTC−0.0418%/8h= −45.7% APRpaid last 24h −0.591%
Price spread now: BloFin against Kraken Futures+0.012%7-day average — · you sell dearer than you buy
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: −$13 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 | 0.08165 | 0.0536 | pay 0.0067% / 1h | 34m 50s | $6K | $17K | 10x |
| Short | BloFin INIT-USDT | 0.08166 | 0.0118 | get 0.0059% / 4h | 2h 34m | $154K | $110K | 25x |
Kraken Futures PF_INITUSD
BloFin INIT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$87.68
- Price spread: +0.012% → 0.000%
- $1.21
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$108.47
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; BloFin: live order book, 46 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 BloFin live order book, 46 min ago | 7.30 bp | 25.9 bp −$26 | 71.3 bp −$713 | 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 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid INIT | +0.0100% | 1h | 0.08162 | −0.032% | $296K | $235K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08166 | +0.012% | $27K | $36K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08167 | +0.024% | $3.4M | $3.6M | 25x | as long as short |
| Bybit INITUSDT | +0.0100% | 4h | 0.08159 | −0.074% | $1.4M | $1.4M | 25x | as long as short |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08183 | +0.220% | $132K | $631K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08161 | −0.049% | $83K | $56K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08167 | +0.024% | $444K | $216K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08171 | +0.073% | $325K | $55K | 25x | as long as short |
| Bitget INITUSDT | +0.0100% | 4h | 0.08162 | −0.037% | $426K | $311K | 25x | as long as short |
| BingX INIT-USDT | +0.0100% | 4h | 0.08161 | −0.049% | — | $6.6M | — | as long as short |
Hyperliquid INIT
Aster INITUSDT
Binance INITUSDT
Bybit INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTM
Bitget INITUSDT
BingX INIT-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni INIT | +0.0100% | 4h | 0.08155 | −0.120% | $26K | $23K | — | as long as short |
| BloFin INIT-USDTshort | +0.0118% | 4h | 0.08166 | +0.012% | $154K | $110K | 25x | |
| Kraken Futures PF_INITUSDlong | +0.0536% | 1h | 0.08165 | long leg | $6K | $17K | 10x |
Variational Omni INIT