Funding you earn now, next payment 09:00 UTC+0.5143%/8h= +563.2% APRpaid last 24h −2.382%
Price spread now: KuCoin against Kraken Futures+0.658%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−2.737%−$274 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$154 a day on $10k at the current rate, and KuCoin is 0.658% dearer against Kraken Futures than usual: you sell high and buy low: +$66 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −2.737%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -2.737% in total (about -142.7% 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 | Kraken Futures PF_NIGHTUSD | 0.02342 | −0.5043 | get 0.0630% / 1h | 30m 39s | $61K | $54K | 25x |
| Short | KuCoin NIGHTUSDTM | 0.02357 | 0.0100 | get 0.0050% / 4h | 3h 30m | $1.3M | $5.4M | 50x |
Kraken Futures PF_NIGHTUSD
KuCoin NIGHTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $1,080.13
- Price spread: +0.658% → 0.000%
- $65.82
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $1,123.94
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 7 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 KuCoin live order book, 7 min ago | 10.27 bp | 105.7 bp −$106 | 445.8 bp −$4,458 | 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.
NIGHT on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International NIGHT-PERP-INTX | −1.9480% | 1h | 0.02239 | −4.397% | $1K | $74 | 50x | as long as short |
| Kraken Futures PF_NIGHTUSDlong | −0.5043% | 1h | 0.02342 | long leg | $61K | $54K | 25x | |
| Injective NIGHT/USDC PERP | +0.0033% | 1h | 0.02435 | +3.981% | $1K | $58K | 5.5x | as long as short |
| Aster NIGHTUSDT | +0.0100% | 4h | 0.02360 | +0.778% | $18K | $37K | 10x | as long as short |
| Binance NIGHTUSDT | +0.0100% | 4h | 0.02359 | +0.735% | $5.1M | $5.4M | 50x | as long as short |
| Bybit NIGHTUSDT | +0.0100% | 4h | 0.02359 | +0.735% | $1.9M | $1.0M | 50x | as long as short |
| OKX NIGHT-USDT-SWAP | +0.0100% | 4h | 0.02356 | +0.629% | $1.5M | $1.7M | 20x | as long as short |
| Gate NIGHT_USDT | +0.0100% | 8h | 0.02357 | +0.650% | $213K | $208K | 20x | as long as short |
| KuCoin NIGHTUSDTMshort | +0.0100% | 4h | 0.02357 | +0.658% | $1.3M | $5.4M | 50x | |
| Bitget NIGHTUSDT | +0.0100% | 4h | 0.02361 | +0.821% | $634K | $412K | 25x | as long as short |
Coinbase International NIGHT-PERP-INTX
Injective NIGHT/USDC PERP
Aster NIGHTUSDT
Binance NIGHTUSDT
Bybit NIGHTUSDT
OKX NIGHT-USDT-SWAP
Gate NIGHT_USDT
Bitget NIGHTUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX NIGHT-USDT | +0.0100% | 4h | 0.02362 | +0.864% | $1K | $1.5M | 20x | as long as short |
| BingX NIGHT-USDT | +0.0108% | 4h | 0.02358 | +0.693% | — | $6.6M | — | as long as short |
| BloFin NIGHT-USDT | +0.0121% | 4h | 0.02362 | +0.864% | $268K | $40K | 50x | as long as short |
| MEXC NIGHT_USDT | +0.0216% | 4h | 0.02359 | +0.735% | $770K | $357K | 100x | as long as short |
| Deribit NIGHT_USDC-PERPETUAL | +0.0258% | 1h | 0.02362 | +0.846% | $97 | $99 | 10x | as long as short |
SunX NIGHT-USDT
BingX NIGHT-USDT
BloFin NIGHT-USDT
MEXC NIGHT_USDT
Deribit NIGHT_USDC-PERPETUAL