Settings8H · net · $10k
Funding arb · Price arb /

PROMPT

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Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−3.9757%/8h= −4353.4% APRpaid last 24h −4.745%
Price spread now: KuCoin against Kraken Futures−0.477%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$1,193 a day on $10k at the current rate, and KuCoin is 0.477% cheaper against Kraken Futures than usual: you would sell low and buy high (−$48 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_PROMPTUSD0.022573.9857pay 0.4982% / 1h43m 06s$3K$4K10x
ShortKuCoin PROMPTUSDTM0.022460.0100get 0.0050% / 4h3h 43m$138K$83K30x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$8,348.99
Price spread: −0.477% → 0.000%
−$47.69
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$8,418.68
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 41 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures no order-book sample
Sell KuCoin live order book, 41 min ago44.74 bp731.7 bp −$732doesn't fitdoesn't fitdoesn'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.

PROMPT on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PROMPTUSDT+0.0100%4h0.02245−0.534%$3K$1K5xas long as short
Binance PROMPTUSDT+0.0100%4h0.02247−0.433%$1.2M$2.3M40xas long as short
Bybit PROMPTUSDT+0.0100%4h0.02246−0.477%$337K$238K5xas long as short
Gate PROMPT_USDT+0.0100%4h0.02245−0.521%$571K$86K20xas long as short
MEXC PROMPT_USDT+0.0100%4h0.02248−0.388%$139K$123K20xas long as short
KuCoin PROMPTUSDTMshort+0.0100%4h0.02246−0.477%$138K$83K30x
BingX PROMPT-USDT+0.0100%4h0.02247−0.433%$6.5Mas long as short
Variational Omni PROMPT+0.0100%4h0.02242−0.648%$3K$6Kas long as short
Kraken Futures PF_PROMPTUSDlong+3.9857%1h0.02257long leg$3K$4K10x