Funding you earn now, next payment 03:00 UTC+0.1931%/8h= +211.4% APRpaid last 24h +0.512%
Price spread now: Kraken Futures against KuCoin+0.039%52s7-day average +0.089% · you sell dearer than you buy
Net, funding: paid 7d − costs−$376as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$4064.057% of the position
Funding, last 7 days+0.293%+$29 on $10k
+Price spread, last 4 days (all we have)+1.011%+$101 · spread now +0.039%, 7d avg +0.089%
=Funding pays, the price is against you. Kraken Futures is 0.051% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.039% now, against its 7-day average of +0.089%). If the spread goes back, that is −$5 on $10k: about 2 hours of funding at the current rate (+$58 a day). At the pace of the last 7 days (+0.293% in total) that is about 29 hours. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.293% in total (about 15.3% 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 | KuCoin PORTALUSDTM | 0.01976 | 0.0100 | pay 0.0050% / 4h | 1h 27m | $341K | $114K | 10x |
| Short | Kraken Futures PF_PORTALUSD | 0.01977 | 0.2031 | get 0.0254% / 1h | 27m 21s | $39K | $204K | 10x |
KuCoin PORTALUSDTM
Kraken Futures PF_PORTALUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against KuCoin. 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
- $405.45
- Price spread: +0.039% → +0.089%
- −$5.07
- Slippage, 4 orders
- −$383.71
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$5.33
- Costs to cover
- 4.057%
- Break-even
- 7.1 days
Slippage from KuCoin: live order book, 69 min ago; Kraken Futures: live order book, 35 min ago.
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 KuCoin live order book, 69 min ago | 12.70 bp | 110.4 bp −$110 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 35 min ago | 15.20 bp | 52.6 bp −$53 | 245.1 bp −$2,451 | doesn't fit | doesn't fit |
PORTAL 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 PORTALUSDT | +0.0100% | 4h | 0.01975 | −0.055% | $13K | $41K | 5x | as long as short |
| Binance PORTALUSDT | +0.0100% | 4h | 0.01977 | +0.045% | $3.2M | $5.2M | 10x | as long as short |
| Bybit PORTALUSDT | +0.0100% | 4h | 0.01978 | +0.116% | $1.3M | $892K | 20x | as long as short |
| MEXC PORTAL_USDT | +0.0100% | 4h | 0.01976 | 0.000% | $880K | $389K | 50x | as long as short |
| KuCoin PORTALUSDTMlong | +0.0100% | 4h | 0.01976 | long leg | $341K | $114K | 10x | |
| BingX PORTAL-USDT | +0.0100% | 4h | 0.01978 | +0.101% | — | $1.3M | — | as long as short |
| Variational Omni PORTAL | +0.0100% | 4h | 0.01980 | +0.200% | $1K | $6K | — | as long as short |
| BloFin PORTAL-USDT | +0.0112% | 4h | 0.01978 | +0.101% | $205K | $18K | 10x | as long as short |
| Kraken Futures PF_PORTALUSDshort | +0.2031% | 1h | 0.01977 | +0.039% | $39K | $204K | 10x |
Aster PORTALUSDT
Binance PORTALUSDT
Bybit PORTALUSDT
MEXC PORTAL_USDT
BingX PORTAL-USDT
Variational Omni PORTAL
BloFin PORTAL-USDT