Funding you earn now, next payment 12:00 UTC−0.1726%/8h= −189.0% APRnext payment −$2.16 per $10,000 · paid last 24h —
Price spread now: Kraken Futures against Deribit−0.415%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 hours (all we have)—no history yet
+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 −$52 a day on $10k at the current rate, and Kraken Futures is 0.415% cheaper against Deribit than usual: you would sell low and buy high (−$42 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit OPN_USDC-PERPETUAL | 0.05106 | 0.0554 | pay 0.0069% / 1h | 51m 20s | — | $203 | 10x |
| Short | Kraken Futures PF_OPNUSD | 0.05084 | −0.1173 | pay 0.0147% / 1h | 51m 20s | $2K | $8K | 20x |
Deribit OPN_USDC-PERPETUAL
Kraken Futures PF_OPNUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Deribit. 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
- −$362.53
- Price spread: −0.415% → 0.000%
- −$41.52
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$421.05
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Kraken Futures: no order-book sample. 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Deribit and 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.
OPN on 15 exchanges
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_OPNUSDshort | −0.1173% | 1h | 0.05084 | −0.415% | $2K | $8K | 20x | |
| Aster OPNUSDT | +0.0100% | 4h | 0.05114 | +0.157% | $7K | $17K | 5x | as long as short |
| Binance OPNUSDT | +0.0100% | 4h | 0.05107 | +0.028% | $3.6M | $6.5M | 25x | as long as short |
| Bybit OPNUSDT | +0.0100% | 4h | 0.05105 | −0.012% | $727K | $3.1M | 20x | as long as short |
| OKX OPN-USDT-SWAP | +0.0100% | 4h | 0.05106 | +0.008% | $782K | $2.9M | 20x | as long as short |
| MEXC OPN_USDT | +0.0100% | 4h | 0.05110 | +0.086% | $815K | $304K | 50x | as long as short |
| KuCoin OPNUSDTM | +0.0100% | 4h | 0.05112 | +0.125% | $115K | $57K | 25x | as long as short |
| Bitget OPNUSDT | +0.0100% | 4h | 0.05104 | −0.031% | $577K | $169K | 20x | as long as short |
| BingX OPN-USDT | +0.0100% | 4h | 0.05106 | +0.008% | — | $1.7M | — | as long as short |
| Orderly PERP_OPN_USDC_mythos | +0.0100% | 4h | 0.05100 | −0.110% | $2K | $6K | 10x | as long as short |
Aster OPNUSDT
Binance OPNUSDT
Bybit OPNUSDT
OKX OPN-USDT-SWAP
MEXC OPN_USDT
KuCoin OPNUSDTM
Bitget OPNUSDT
BingX OPN-USDT
Orderly PERP_OPN_USDC_mythosShow all 15 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX OPN-USDT | +0.0100% | 4h | 0.05210 | +2.045% | $2K | $1.4M | 20x | as long as short |
| BloFin OPN-USDT | +0.0133% | 4h | 0.05110 | +0.086% | $180K | $7K | 50x | as long as short |
| Deribit OPN_USDC-PERPETUALlong | +0.0554% | 1h | 0.05106 | long leg | — | $203 | 10x | |
| Gate OPN_USDT | +0.0820% | 4h | 0.05118 | +0.243% | $207K | $172K | 50x | as long as short |
| Coinbase International OPN-PERP-INTX | +0.1928% | 1h | 0.05163 | +1.124% | $14K | $15K | 50x | as long as short |
SunX OPN-USDT
BloFin OPN-USDT
Gate OPN_USDT
Coinbase International OPN-PERP-INTX