S

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.2227%/8h= −243.8% APRnext payment −$2.78 per $10,000 · paid last 24h −0.521%

Price spread now: Kraken Futures against gTrade (Gains Network)−0.106%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work against this trade now: funding costs −$67 a day on $10k at the current rate, and Kraken Futures is 0.106% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) S/USD	0.04006	L +0.0001% / S +0.0006%	pay 0.0000% / 1h	51m 04s	$617	—	150x
Short	Kraken Futures PF_SUSD	0.04001	−0.2226	pay 0.0278% / 1h	51m 04s	$33K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee Kraken FuturesbpOrdersPrice spread, now −0.106%Rate

Funding earned: −$467.62
Price spread: −0.106% → 0.000%: −$10.56
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$498.18
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

gTrade (Gains Network) 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
Kraken Futures PF_SUSDshort	−0.2226%	1h	0.04001	−0.106%	$33K	$13K	10x
01 Exchange SUSD	−0.1360%	1h	0.03970	−0.889%	$25K	$2K	5x	as long as short
Coinbase International S-PERP-INTX	−0.1344%	1h	0.03928	−1.937%	$47K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04005	−0.007%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04004	−0.050%	$4	—	15x	as long as short
Variational Omni S	−0.0028%	4h	0.03997	−0.220%	$620K	$30K	—	as long as short
gTrade (Gains Network) S/USDlong	L +0.0001% / S +0.0006%	1h	0.04006	long leg	$617	—	150x
Injective S/USDC PERP	+0.0033%	1h	0.04100	+2.357%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0076%	4h	0.04006	+0.010%	$99K	$269K	10x	as long as short
Lighter S	+0.0096%	1h	0.04010	+0.110%	$168K	$155K	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	0.04005	−0.012%	$1.0M	$595K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04009	+0.075%	$44K	$140K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04006	+0.010%	$5.6M	$14.0M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03999	−0.165%	$5.7M	$4.6M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04005	−0.015%	$1.0M	$3.9M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04000	−0.140%	$326K	$189K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04005	−0.015%	$3.7M	$1.7M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04006	+0.010%	$1.8M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04009	+0.085%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04001	−0.115%	—	$6.8M	—	as long as short
Extended S-USD	+0.0104%	1h	0.04004	−0.037%	$225K	$1.1M	10x	as long as short
ApeX Omni SUSDT	+0.0287%	1h	0.04000	−0.140%	$24K	$461K	50x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03998	−0.190%	$268K	$103K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.1248%	1h	0.04012	+0.160%	$67K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.2199%	1h	0.04010	+0.110%	$117K	$424K	5x	as long as short