LSK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0106%/8h= −11.7% APRnext payment −$0.13 per $10,000 · paid last 24h −0.201%

Price spread now: Bitget against Kraken Futures−0.166%48s7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs+$55as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2692.694% of the position

Long on Kraken Futures Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+3.246%+$325 on $10k

Price spread, last 3 days (all we have)+0.539%+$54 · spread now −0.166%, 7d avg −0.047%

Together, before fees+3.785%+$379 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.118% cheaper against Kraken Futures than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.047%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +3.246%, so the current rate has only just turned against you. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LSKUSD	0.3708	0.0210	pay 0.0026% / 1h	57m 31s	$114K	$188K	10x
Short	Bitget LSKUSDT	0.3702	0.0104	get 0.0013% / 1h	57m 31s	$2.7M	$8.7M	50x

Funding 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 it

latest

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

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee BitgetbpOrdersPrice spread, now −0.166%Rate

Funding earned: −$22.35
Price spread: −0.166% → −0.047%: −$11.83
Slippage, 4 orders: −$247.44
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$303.62
Costs to cover: 2.694%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 20 min ago; Bitget: 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 Kraken Futures live order book, 20 min ago	17.44 bp	146.6 bp −$147	186.5 bp −$1,865	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	2.70 bp	18.5 bp −$19	109.9 bp −$1,099	doesn't fit	doesn't fit

LSK on 10 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
Aster LSKUSDT	−0.0708%	1h	0.3700	−0.209%	$63K	$117K	5x	as long as short
MEXC LSK_USDT	−0.0496%	1h	0.3701	−0.198%	$8.3M	$2.5M	20x	as long as short
Binance LSKUSDT	−0.0485%	1h	0.3701	−0.206%	$15.5M	$94.3M	50x	as long as short
Gate LSK_USDT	+0.0096%	1h	0.3708	−0.004%	$1.5M	$2.7M	20x	as long as short
Variational Omni LSK	+0.0100%	1h	0.3693	−0.400%	$28K	$231K	—	as long as short
Bybit LSKUSDT	+0.0100%	1h	0.3703	−0.139%	$10.1M	$19.9M	25x	as long as short
HTX LSK-USDT	+0.0100%	1h	0.3710	+0.050%	$63K	$285K	20x	as long as short
Bitget LSKUSDTshort	+0.0104%	1h	0.3702	−0.166%	$2.7M	$8.7M	50x
BingX LSK-USDT	+0.0168%	1h	0.3701	−0.195%	—	$3.0M	—	as long as short
Kraken Futures PF_LSKUSDlong	+0.0210%	1h	0.3708	long leg	$114K	$188K	10x