Funding you earn now, next payment 02:00 UTC−0.2553%/8h= −279.6% APRpaid last 24h +0.676%
Price spread now: KuCoin against Kraken Futures+0.404%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. KuCoin is 0.404% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.404% now, against zero (this spread has no 7-day history yet)): +$40 on $10k if it goes back. Holding the pair costs −$77 a day in funding at the current rate, which eats that in about 13 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_OPNUSD | 0.05134 | 0.2653 | pay 0.0332% / 1h | 40m 46s | $2K | $4K | 20x |
| Short | KuCoin OPNUSDTM | 0.05155 | 0.0100 | get 0.0050% / 4h | 2h 40m | $139K | $80K | 25x |
Kraken Futures PF_OPNUSD
KuCoin OPNUSDTMFunding 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
- −$536.21
- Price spread: +0.404% → 0.000%
- $40.4
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$517.81
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 63 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, 63 min ago | 12.59 bp | 289.1 bp −$289 | doesn't fit | 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.
OPN 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance OPNUSDT | +0.0100% | 4h | 0.05141 | +0.125% | $3.6M | $5.8M | 25x | as long as short |
| Bybit OPNUSDT | +0.0100% | 4h | 0.05141 | +0.131% | $713K | $3.0M | 20x | as long as short |
| OKX OPN-USDT-SWAP | +0.0100% | 4h | 0.05145 | +0.209% | $801K | $3.3M | 20x | as long as short |
| MEXC OPN_USDT | +0.0100% | 4h | 0.05161 | +0.521% | $831K | $336K | 50x | as long as short |
| KuCoin OPNUSDTMshort | +0.0100% | 4h | 0.05155 | +0.404% | $139K | $80K | 25x | |
| Bitget OPNUSDT | +0.0100% | 4h | 0.05151 | +0.326% | $590K | $187K | 20x | as long as short |
| BingX OPN-USDT | +0.0100% | 4h | 0.05159 | +0.482% | — | $1.6M | — | as long as short |
| Orderly PERP_OPN_USDC_mythos | +0.0100% | 4h | 0.05160 | +0.501% | $3K | $5K | 10x | as long as short |
| SunX OPN-USDT | +0.0100% | 4h | 0.05270 | +2.644% | $1K | $1.4M | 20x | as long as short |
| BloFin OPN-USDT | +0.0118% | 4h | 0.05133 | −0.024% | $182K | $4K | 50x | as long as short |
Binance OPNUSDT
Bybit OPNUSDT
OKX OPN-USDT-SWAP
MEXC OPN_USDT
Bitget OPNUSDT
BingX OPN-USDT
Orderly PERP_OPN_USDC_mythos
SunX OPN-USDT
BloFin OPN-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate OPN_USDT | +0.0148% | 4h | 0.05167 | +0.638% | $207K | $159K | 50x | as long as short |
| Aster OPNUSDT | +0.0164% | 4h | 0.05156 | +0.418% | $7K | $15K | 5x | as long as short |
| Deribit OPN_USDC-PERPETUAL | +0.0622% | 1h | 0.05162 | +0.542% | — | — | 10x | as long as short |
| Coinbase International OPN-PERP-INTX | +0.1128% | 1h | 0.05160 | +0.509% | $13K | $5K | 50x | as long as short |
| Kraken Futures PF_OPNUSDlong | +0.2653% | 1h | 0.05134 | long leg | $2K | $4K | 20x |
Gate OPN_USDT
Aster OPNUSDT
Deribit OPN_USDC-PERPETUAL
Coinbase International OPN-PERP-INTX