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

S

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Alert: funding
Alert: spread
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
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 fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended S-USD0.045770.0104pay 0.0013% / 1h57m 25s$243K$1.3M10x
ShortKraken Futures PF_SUSD0.04579−0.4583pay 0.0573% / 1h57m 25s$39K$23K10x

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 it
latest
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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 4 min ago6.59 bp25.1 bp −$25228.4 bp −$2,284doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange SUSD−1.1064%1h0.04440−2.998%$27K$3K5xas long as short
Kraken Futures PF_SUSDshort−0.4583%1h0.04579+0.039%$39K$23K10x
Coinbase International S-PERP-INTX−0.1904%1h0.04128−9.815%$50K$18K25xas long as short
Variational Omni S−0.0647%4h0.04544−0.728%$704K$7Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0336% / S +0.0211%1h0.04586+0.194%$2K100xas long as short
Reya SRUSDPERP−0.0101%1h0.04575−0.046%$515xas long as short
Orderly PERP_S_USDC−0.0024%4h0.04579+0.038%$114K$646K10xas long as short
Deribit S_USDC-PERPETUAL0.0000%1h0.04589+0.257%$77K$51210xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.04588+0.236%$706150xas long as short
Lighter S+0.0096%1h0.04581+0.082%$159K$141K5xas long as short
Show all 25 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.04580+0.058%$1.2M$859K5xas long as short
Aster SUSDT+0.0100%4h0.04580+0.060%$48K$154K10xas long as short
Binance SUSDT+0.0100%4h0.04580+0.063%$6.8M$20.0M75xas long as short
Bybit SUSDT+0.0100%4h0.04570−0.158%$6.5M$5.3M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.04574−0.071%$1.4M$6.2M20xas long as short
Gate S_USDT+0.0100%4h0.04580+0.060%$386K$227K50xas long as short
MEXC S_USDT+0.0100%4h0.04578+0.017%$4.5M$3.0M200xas long as short
KuCoin SUSDTM+0.0100%4h0.04580+0.060%$2.2M$2.9M50xas long as short
Bitget SUSDT+0.0100%4h0.04582+0.104%$1.4M$2.9M50xas long as short
BingX S-USDT+0.0100%4h0.04577−0.005%$7.0Mas long as short
ApeX Omni SUSDT+0.0100%1h0.04610+0.716%$26K$523K50xas long as short
Extended S-USDlong+0.0104%1h0.04577long leg$243K$1.3M10x
Injective S/USDC PERP+0.0140%1h0.04600+0.497%$2K$212xas long as short
BloFin S-USDT+0.0340%4h0.04601+0.519%$338K$217K75xas long as short
Backpack S_USDC_PERP+0.0980%1h0.04590+0.279%$109K$463K5xas long as short