Funding you earn now, next payment 08:00 UTC−0.0356%/8h= −38.9% APRpaid last 24h −0.019%
Price spread now: KuCoin against Kraken Futures+0.022%52s7-day average −0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$533as 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−$4864.858% of the position
Funding, last 7 days−0.475%−$48 on $10k
+Price spread, last 4 days (all we have)−0.064%−$6 · spread now +0.022%, 7d avg −0.081%
=The price spread pays, funding is against you. KuCoin is 0.103% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.081%): +$10 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 23 hours. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PYTHUSD | 0.06263 | 0.0456 | pay 0.0057% / 1h | 23m 25s | $380K | $307K | 25x |
| Short | KuCoin PYTHUSDTM | 0.06264 | 0.0100 | get 0.0050% / 4h | 23m 25s | $1.5M | $371K | 50x |
Kraken Futures PF_PYTHUSD
KuCoin PYTHUSDTMFunding 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
- −$74.67
- Price spread: +0.022% → −0.081%
- $10.26
- Slippage, 4 orders
- −$463.78
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$550.19
- Costs to cover
- 4.858%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 14 min ago; KuCoin: live order book, 2 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 Kraken Futures live order book, 14 min ago | 21.44 bp | 28.0 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 7.97 bp | 153.8 bp −$154 | 674.8 bp −$6,748 | doesn't fit | doesn't fit |
PYTH on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PYTH-USD | +0.0019% | 1h | 0.06262 | −0.013% | $186K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −0.042% | $553 | $220K | 5.5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.0069% | 1h | 0.06263 | +0.006% | $10K | $10K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0071% | 1h | 0.06269 | +0.102% | $35K | $67K | 10x | as long as short |
| MEXC PYTH_USDT | +0.0084% | 4h | 0.06264 | +0.022% | $10.6M | $2.8M | 125x | as long as short |
| Binance PYTHUSDT | +0.0087% | 4h | 0.06267 | +0.070% | $9.0M | $19.9M | 75x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06267 | +0.070% | $193K | $221K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06255 | −0.117% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06272 | +0.148% | $2.2M | $1.9M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06264 | +0.017% | $21K | $47K | 10x | as long as short |
dYdX PYTH-USD
Injective PYTH/USDC PERP
Deribit PYTH_USDC-PERPETUAL
Backpack PYTH_USDC_PERP
MEXC PYTH_USDT
Binance PYTHUSDT
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06270 | +0.118% | $7.4M | $4.9M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06270 | +0.118% | $2.1M | $3.5M | 50x | as long as short |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06257 | −0.090% | $1.0M | $539K | 75x | as long as short |
| KuCoin PYTHUSDTMshort | +0.0100% | 4h | 0.06264 | +0.022% | $1.5M | $371K | 50x | |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06267 | +0.070% | $2.6M | $2.3M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06267 | +0.070% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06260 | −0.036% | $39K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06269 | +0.097% | $2K | $2K | 10x | as long as short |
| Aevo PYTH-PERP | +0.0104% | 1h | 0.06260 | −0.042% | $22K | — | 3x | as long as short |
| BloFin PYTH-USDT | +0.0122% | 4h | 0.06268 | +0.086% | $425K | $72K | 75x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06266 | +0.047% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSDlong | +0.0456% | 1h | 0.06263 | long leg | $380K | $307K | 25x | |
| Coinbase International PYTH-PERP-INTX | +0.0472% | 1h | 0.06427 | +2.625% | $40K | $19K | 25x | as long as short |
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
Gate PYTH_USDT
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Aevo PYTH-PERP
BloFin PYTH-USDT
Reya PYTHRUSDPERP
Coinbase International PYTH-PERP-INTX