Funding you earn now, next payment 07:00 UTC−0.0674%/8h= −73.8% APRpaid last 24h +0.052%
Price spread now: KuCoin against Kraken Futures−0.049%52s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+1.511%+$151 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and KuCoin is 0.049% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.511%, so the current rate has only just turned against you. The two prices were read 52 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_OPENUSD | 0.1442 | 0.0774 | pay 0.0097% / 1h | 32m 24s | $14K | $55K | 10x |
| Short | KuCoin OPENUSDTM | 0.1442 | 0.0100 | get 0.0050% / 4h | 1h 32m | $2.4M | $54K | 30x |
Kraken Futures PF_OPENUSD
KuCoin OPENUSDTMFunding 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
- −$141.61
- Price spread: −0.049% → 0.000%
- −$4.94
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$168.55
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 4 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, 4 min ago | 18.01 bp | 294.5 bp −$294 | 675.4 bp −$6,754 | 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.
OPEN on 9 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 OPENUSDT | +0.0100% | 4h | 0.1444 | +0.118% | $252K | $2K | 5x | as long as short |
| Binance OPENUSDT | +0.0100% | 4h | 0.1441 | −0.084% | $7.1M | $2.5M | 75x | as long as short |
| Gate OPEN_USDT | +0.0100% | 8h | 0.1444 | +0.110% | $825K | $185K | 75x | as long as short |
| KuCoin OPENUSDTMshort | +0.0100% | 4h | 0.1442 | −0.049% | $2.4M | $54K | 30x | |
| Extended OPEN-USD | +0.0104% | 1h | 0.1441 | −0.106% | $5K | $180K | 5x | as long as short |
| BloFin OPEN-USDT | +0.0117% | 4h | 0.1445 | +0.179% | $678K | $12K | 75x | as long as short |
| Bitget OPENUSDT | +0.0192% | 4h | 0.1444 | +0.110% | $2.2M | $154K | 20x | as long as short |
| Bybit OPENUSDT | +0.0679% | 4h | 0.1445 | +0.152% | $1.5M | $739K | 25x | as long as short |
| Kraken Futures PF_OPENUSDlong | +0.0774% | 1h | 0.1442 | long leg | $14K | $55K | 10x |
Aster OPENUSDT
Binance OPENUSDT
Gate OPEN_USDT
Extended OPEN-USD
BloFin OPEN-USDT
Bitget OPENUSDT
Bybit OPENUSDT