S

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0915%/8h= −100.2% APRnext payment −$1.14 per $10,000 · paid last 24h +0.030%

Price spread now: Kraken Futures against Coinbase International+0.429%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Kraken Futures

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Kraken Futures is 0.429% dearer against Coinbase International than usual: you sell high and buy low (spread +0.429% now, against zero (this spread has no 7-day history yet)): +$43 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 38 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International S-PERP-INTX	0.03927	−0.1344	get 0.0168% / 1h	10m 14s	$48K	$16K	25x
Short	Kraken Futures PF_SUSD	0.03944	−0.2259	pay 0.0282% / 1h	10m 14s	$33K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Coinbase International. 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

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee Kraken FuturesbpOrdersPrice spread, now +0.429%Rate

Funding earned: −$192.09
Price spread: +0.429% → 0.000%: $42.91
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$169.18
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Coinbase International: no order-book sample; Kraken Futures: 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

Coinbase International and 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.

S on 25 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
01 Exchange SUSD	−0.5096%	1h	0.03840	−2.215%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSDshort	−0.2259%	1h	0.03944	+0.429%	$33K	$13K	10x
Coinbase International S-PERP-INTXlong	−0.1344%	1h	0.03927	long leg	$48K	$16K	25x
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.03955	+0.710%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03953	+0.650%	$4	—	15x	as long as short
Variational Omni S	−0.0047%	4h	0.03947	+0.503%	$613K	$30K	—	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03956	+0.739%	$610	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.405%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0082%	4h	0.03952	+0.637%	$98K	$296K	10x	as long as short
Lighter S	+0.0096%	1h	0.03953	+0.662%	$167K	$157K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.03954	+0.690%	$991K	$590K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03957	+0.771%	$46K	$142K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03947	+0.513%	$5.5M	$13.7M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03942	+0.382%	$5.6M	$4.4M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03948	+0.535%	$982K	$3.8M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03958	+0.789%	$322K	$191K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03954	+0.688%	$3.6M	$1.7M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03951	+0.611%	$1.8M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03953	+0.662%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03952	+0.637%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03970	+1.095%	$24K	$463K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03946	+0.495%	$224K	$593K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03967	+1.019%	$273K	$102K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0763%	1h	0.03954	+0.688%	$66K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1416%	1h	0.03960	+0.840%	$115K	$424K	5x	as long as short