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: Deribit against Kraken Futures+0.417%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$52 a day on $10k at the current rate, and Deribit is 0.417% dearer against Kraken Futures than usual: you sell high and buy low: +$42 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_OPNUSD | 0.05084 | −0.1173 | get 0.0147% / 1h | 51m 18s | $2K | $8K | 20x |
| Short | Deribit OPN_USDC-PERPETUAL | 0.05106 | 0.0554 | get 0.0069% / 1h | 51m 18s | — | $203 | 10x |
Kraken Futures PF_OPNUSD
Deribit OPN_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $362.53
- Price spread: +0.417% → 0.000%
- $41.69
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $387.22
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: Kraken Futures: no order-book sample; Deribit: 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
Kraken Futures and Deribit: 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_OPNUSDlong | −0.1173% | 1h | 0.05084 | long leg | $2K | $8K | 20x | |
| Aster OPNUSDT | +0.0100% | 4h | 0.05114 | +0.575% | $7K | $17K | 5x | as long as short |
| Binance OPNUSDT | +0.0100% | 4h | 0.05107 | +0.445% | $3.6M | $6.5M | 25x | as long as short |
| Bybit OPNUSDT | +0.0100% | 4h | 0.05105 | +0.405% | $727K | $3.1M | 20x | as long as short |
| OKX OPN-USDT-SWAP | +0.0100% | 4h | 0.05106 | +0.425% | $782K | $2.9M | 20x | as long as short |
| MEXC OPN_USDT | +0.0100% | 4h | 0.05110 | +0.503% | $815K | $304K | 50x | as long as short |
| KuCoin OPNUSDTM | +0.0100% | 4h | 0.05112 | +0.543% | $115K | $57K | 25x | as long as short |
| Bitget OPNUSDT | +0.0100% | 4h | 0.05104 | +0.385% | $577K | $169K | 20x | as long as short |
| BingX OPN-USDT | +0.0100% | 4h | 0.05106 | +0.425% | — | $1.7M | — | as long as short |
| Orderly PERP_OPN_USDC_mythos | +0.0100% | 4h | 0.05100 | +0.307% | $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 | +2.470% | $2K | $1.4M | 20x | as long as short |
| BloFin OPN-USDT | +0.0133% | 4h | 0.05110 | +0.503% | $180K | $7K | 50x | as long as short |
| Deribit OPN_USDC-PERPETUALshort | +0.0554% | 1h | 0.05106 | +0.417% | — | $203 | 10x | |
| Gate OPN_USDT | +0.0820% | 4h | 0.05118 | +0.661% | $207K | $172K | 50x | as long as short |
| Coinbase International OPN-PERP-INTX | +0.1928% | 1h | 0.05163 | +1.546% | $14K | $15K | 50x | as long as short |
SunX OPN-USDT
BloFin OPN-USDT
Gate OPN_USDT
Coinbase International OPN-PERP-INTX