Settings8H · net · $10k
Funding arb · Price arb /

IO

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Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0742%/8h= −81.2% APRnext payment $0.93 per $10,000 · paid last 24h +4.175%
Price spread now: Kraken Futures against Extended+0.048%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
The price spread pays, funding is against you. Kraken Futures is 0.048% dearer against Extended than usual: you sell high and buy low (spread +0.048% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 5 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended IO-USD0.15180.0104pay 0.0013% / 1h34m 54s$5K$171K5x
ShortKraken Futures PF_IOUSD0.1519−0.0638pay 0.0080% / 1h34m 54s$39K$21K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Extended. 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
−$155.73
Price spread: +0.048% → 0.000%
$4.81
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$165.92
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 46 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 Extended live order book, 46 min ago5.28 bp46.3 bp −$46468.8 bp −$4,688doesn'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.

IO on 14 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_IOUSDshort−0.0638%1h0.1519+0.048%$39K$21K10x
Hyperliquid IO+0.0100%1h0.1516−0.124%$1.0M$386K3xas long as short
Aster IOUSDT+0.0100%4h0.1518−0.021%$6K$32K5xas long as short
Binance IOUSDT+0.0100%4h0.1518−0.017%$3.0M$6.5M50xas long as short
Bybit IOUSDT+0.0100%4h0.1515−0.216%$1.1M$878K25xas long as short
Gate IO_USDT+0.0100%4h0.1519+0.021%$235K$529K50xas long as short
MEXC IO_USDT+0.0100%4h0.1514−0.282%$1.2M$228K125xas long as short
KuCoin IOUSDTM+0.0100%4h0.1517−0.084%$407K$656K50xas long as short
Bitget IOUSDT+0.0100%4h0.1518−0.018%$1.3M$1.2M50xas long as short
BingX IO-USDT+0.0100%4h0.1517−0.084%$1.3Mas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni IO+0.0100%4h0.1514−0.260%$30K$5Kas long as short
Extended IO-USDlong+0.0104%1h0.1518long leg$5K$171K5x
BloFin IO-USDT+0.0140%4h0.1519+0.047%$193K$30K50xas long as short
Injective IO/USDC PERP+0.0163%1h0.1518−0.018%$2K$1035.5xas long as short