Funding you earn now, next payment 02:00 UTC−0.4410%/8h= −482.9% APRnext payment −$5.51 per $10,000 · paid last 24h −0.455%
Price spread now: Gate against Kraken Futures+0.062%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs+$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$172as in the Price arb table
costs, in and out, $10k−$1811.810% of the position
Funding, last 7 days+2.315%+$232 on $10k
+Price spread, last 3 days (all we have)−0.023%−$2 · spread now +0.062%, 7d avg −0.024%
=The price spread pays, funding is against you. Gate is 0.086% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.062% now, against its 7-day average of −0.024%): +$9 on $10k if it goes back. Holding the pair costs −$132 a day in funding at the current rate, which eats that in about 2 hours. Mind the row above: over the last 7 days funding on this pair paid +2.315%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 2.315% in total (about 120.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.51 per $10,000. 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 | Kraken Futures PF_LSKUSD | 0.3491 | −0.1374 | get 0.0172% / 1h | 29m 35s | $114K | $246K | 10x |
| Short | Gate LSK_USDT | 0.3493 | −0.5784 | pay 0.0723% / 1h | 29m 35s | $1.4M | $2.8M | 20x |
Kraken Futures PF_LSKUSD
Gate LSK_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$926.18
- Price spread: +0.062% → −0.024%
- $8.61
- Slippage, 4 orders
- −$156
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$1,098.57
- Costs to cover
- 1.810%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 38 min ago; Gate: live order book, 3 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, 38 min ago | 18.71 bp | 32.1 bp −$32 | 162.8 bp −$1,628 | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 5.73 bp | 53.0 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
LSK on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit LSKUSDT | −1.6346% | 1h | 0.3500 | +0.254% | $9.7M | $21.9M | 25x | as long as short |
| Variational Omni LSK | −1.0370% | 1h | 0.3500 | +0.257% | $26K | $196K | — | as long as short |
| Gate LSK_USDTshort | −0.5784% | 1h | 0.3493 | +0.062% | $1.4M | $2.8M | 20x | |
| Phemex LSKUSDT | −0.4911% | 4h | 0.3486 | −0.133% | $1.3M | $2.3M | 10x | as long as short |
| Aster LSKUSDT | −0.4324% | 1h | 0.3485 | −0.160% | $61K | $135K | 5x | as long as short |
| Binance LSKUSDT | −0.4254% | 1h | 0.3487 | −0.107% | $14.7M | $102.2M | 50x | as long as short |
| MEXC LSK_USDT | −0.4176% | 1h | 0.3491 | −0.009% | $7.9M | $2.6M | 20x | as long as short |
| HTX LSK-USDT | −0.2718% | 1h | 0.3496 | +0.151% | $56K | $297K | 20x | as long as short |
| Bitget LSKUSDT | −0.1728% | 1h | 0.3490 | −0.024% | $2.6M | $9.9M | 50x | as long as short |
| Kraken Futures PF_LSKUSDlong | −0.1374% | 1h | 0.3491 | long leg | $114K | $246K | 10x |
Bybit LSKUSDT
Variational Omni LSK
Phemex LSKUSDT
Aster LSKUSDT
Binance LSKUSDT
MEXC LSK_USDT
HTX LSK-USDT
Bitget LSKUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX LSK-USDT | −0.0968% | 1h | 0.3493 | +0.054% | — | $3.0M | — | as long as short |
BingX LSK-USDT