Funding you earn now, next payment 01:00 UTC−0.0865%/8h= −94.7% APRpaid last 24h +0.495%
Price spread now: Kraken Futures against OKX−0.069%7-day average +0.186% · you buy dearer than you sell
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$148as in the Price arb table
costs, in and out, $10k−$1231.229% of the position
Funding, last 7 days+0.031%+$3 on $10k
+Price spread, last 3 days (all we have)+0.162%+$16 · spread now −0.069%, 7d avg +0.186%
=Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and Kraken Futures is 0.255% cheaper against OKX than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of +0.186%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.031% in total (about 1.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX LPT-USDT-SWAP | 1.7300 | 0.0100 | pay 0.0050% / 4h | 3h 06m | $1.5M | $3.1M | 20x |
| Short | Kraken Futures PF_LPTUSD | 1.7288 | −0.0765 | pay 0.0096% / 1h | 6m 01s | $47K | $103K | 25x |
OKX LPT-USDT-SWAP
Kraken Futures PF_LPTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- −$181.6
- Price spread: −0.069% → +0.186%
- −$25.55
- Slippage, 4 orders
- −$102.85
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$329.99
- Costs to cover
- 1.229%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; Kraken Futures: live order book, 1 min ago.
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 OKX live order book, 1 min ago | 2.89 bp | 21.9 bp −$22 | 950.8 bp −$9,508 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 18.78 bp | 35.5 bp −$35 | 141.8 bp −$1,418 | doesn't fit | doesn't fit |
LPT 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_LPTUSDshort | −0.0765% | 1h | 1.7288 | −0.069% | $47K | $103K | 25x | |
| BloFin LPT-USDT | +0.0081% | 4h | 1.7290 | −0.058% | $203K | $29K | 50x | as long as short |
| Aster LPTUSDT | +0.0100% | 4h | 1.7290 | −0.057% | $5K | $18K | 5x | as long as short |
| Binance LPTUSDT | +0.0100% | 4h | 1.7289 | −0.064% | $3.6M | $10.6M | 50x | as long as short |
| Bybit LPTUSDT | +0.0100% | 4h | 1.7296 | −0.023% | $1.8M | $1.9M | 25x | as long as short |
| OKX LPT-USDT-SWAPlong | +0.0100% | 4h | 1.7300 | long leg | $1.5M | $3.1M | 20x | |
| Gate LPT_USDT | +0.0100% | 8h | 1.7280 | −0.116% | $238K | $851K | 50x | as long as short |
| MEXC LPT_USDT | +0.0100% | 4h | 1.7270 | −0.173% | $2.0M | $985K | 50x | as long as short |
| KuCoin LPTUSDTM | +0.0100% | 4h | 1.7300 | 0.000% | $309K | $181K | 50x | as long as short |
| Bitget LPTUSDT | +0.0100% | 4h | 1.7290 | −0.058% | $1.4M | $804K | 50x | as long as short |
BloFin LPT-USDT
Aster LPTUSDT
Binance LPTUSDT
Bybit LPTUSDT
Gate LPT_USDT
MEXC LPT_USDT
KuCoin LPTUSDTM
Bitget LPTUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX LPT-USDT | +0.0100% | 4h | 1.7300 | 0.000% | — | $2.5M | — | as long as short |
| Variational Omni LPT | +0.0100% | 4h | 1.7289 | −0.062% | $6K | $3K | — | as long as short |
BingX LPT-USDT
Variational Omni LPT