Funding you earn now, next payment 11:00 UTC−0.4687%/8h= −513.3% APRnext payment −$5.86 per $10,000 · paid last 24h −0.597%
Price spread now: Kraken Futures against Extended+0.039%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
=The price spread pays, funding is against you. Kraken Futures is 0.039% dearer against Extended than usual: you sell high and buy low (spread +0.039% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$141 a day in funding at the current rate, which eats that in about under an hour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended S-USD | 0.04577 | 0.0104 | pay 0.0013% / 1h | 57m 25s | $243K | $1.3M | 10x |
| Short | Kraken Futures PF_SUSD | 0.04579 | −0.4583 | pay 0.0573% / 1h | 57m 25s | $39K | $23K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Extended. 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
- −$984.37
- Price spread: +0.039% → 0.000%
- $3.88
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$995.49
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 4 min ago; 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 Extended live order book, 4 min ago | 6.59 bp | 25.1 bp −$25 | 228.4 bp −$2,284 | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
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 exchanges
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 | −1.1064% | 1h | 0.04440 | −2.998% | $27K | $3K | 5x | as long as short |
| Kraken Futures PF_SUSDshort | −0.4583% | 1h | 0.04579 | +0.039% | $39K | $23K | 10x | |
| Coinbase International S-PERP-INTX | −0.1904% | 1h | 0.04128 | −9.815% | $50K | $18K | 25x | as long as short |
| Variational Omni S | −0.0647% | 4h | 0.04544 | −0.728% | $704K | $7K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0336% / S +0.0211% | 1h | 0.04586 | +0.194% | $2K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04575 | −0.046% | $5 | — | 15x | as long as short |
| Orderly PERP_S_USDC | −0.0024% | 4h | 0.04579 | +0.038% | $114K | $646K | 10x | as long as short |
| Deribit S_USDC-PERPETUAL | 0.0000% | 1h | 0.04589 | +0.257% | $77K | $512 | 10x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04588 | +0.236% | $706 | — | 150x | as long as short |
| Lighter S | +0.0096% | 1h | 0.04581 | +0.082% | $159K | $141K | 5x | as long as short |
Show all 25 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid S | +0.0100% | 1h | 0.04580 | +0.058% | $1.2M | $859K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.04580 | +0.060% | $48K | $154K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04580 | +0.063% | $6.8M | $20.0M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04570 | −0.158% | $6.5M | $5.3M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04574 | −0.071% | $1.4M | $6.2M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.04580 | +0.060% | $386K | $227K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04578 | +0.017% | $4.5M | $3.0M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04580 | +0.060% | $2.2M | $2.9M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04582 | +0.104% | $1.4M | $2.9M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04577 | −0.005% | — | $7.0M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.04610 | +0.716% | $26K | $523K | 50x | as long as short |
| Extended S-USDlong | +0.0104% | 1h | 0.04577 | long leg | $243K | $1.3M | 10x | |
| Injective S/USDC PERP | +0.0140% | 1h | 0.04600 | +0.497% | $2K | $2 | 12x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.04601 | +0.519% | $338K | $217K | 75x | as long as short |
| Backpack S_USDC_PERP | +0.0980% | 1h | 0.04590 | +0.279% | $109K | $463K | 5x | as long as short |
Extended S-USD
Kraken Futures PF_SUSD
01 Exchange SUSD
Coinbase International S-PERP-INTX
Variational Omni S
GMX S/USD [WBTC.b-USDC]
Deribit S_USDC-PERPETUAL
gTrade (Gains Network) S/USD
Lighter S
Hyperliquid S
Aster SUSDT
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Injective S/USDC PERP
BloFin S-USDT
Backpack S_USDC_PERP