Funding you earn now, next payment 07:00 UTC+0.2736%/8h= +299.6% APRpaid last 24h +0.637%
Price spread now: BloFin against Kraken Futures+0.249%57s7-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
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$82 a day on $10k at the current rate, and BloFin is 0.249% dearer against Kraken Futures than usual: you sell high and buy low: +$25 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 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_SUSD | 0.04024 | −0.2396 | get 0.0299% / 1h | 6m 24s | $35K | $16K | 10x |
| Short | BloFin S-USDT | 0.04034 | 0.0340 | get 0.0170% / 4h | 1h 06m | $277K | $115K | 75x |
Kraken Futures PF_SUSD
BloFin S-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $574.53
- Price spread: +0.249% → 0.000%
- $24.87
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $577.4
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: Kraken Futures: no order-book sample; BloFin: live order book, 13 min ago. 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 13 min ago | 3.71 bp | 18.6 bp −$19 | 55.4 bp −$554 | doesn't fit | doesn't fit |
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 | −0.7680% | 1h | 0.03940 | −2.087% | $24K | $2K | 5x | as long as short |
| Kraken Futures PF_SUSDlong | −0.2396% | 1h | 0.04024 | long leg | $35K | $16K | 10x | |
| Coinbase International S-PERP-INTX | −0.1120% | 1h | 0.03961 | −1.565% | $48K | $16K | 25x | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04031 | +0.182% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04033 | +0.214% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04028 | +0.096% | $621 | — | 150x | as long as short |
| Variational Omni S | +0.0033% | 4h | 0.04036 | +0.292% | $626K | $22K | — | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +1.889% | $2K | $37K | 12x | as long as short |
| Orderly PERP_S_USDC | +0.0086% | 4h | 0.04028 | +0.100% | $100K | $594K | 10x | as long as short |
| Lighter S | +0.0096% | 1h | 0.04033 | +0.224% | $172K | $139K | 5x | as long as short |
01 Exchange SUSD
Coinbase International S-PERP-INTX
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
gTrade (Gains Network) S/USD
Variational Omni S
Injective S/USDC PERP
Orderly PERP_S_USDC
Lighter SShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid S | +0.0100% | 1h | 0.04035 | +0.266% | $1.0M | $577K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.04031 | +0.170% | $48K | $110K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04028 | +0.095% | $5.7M | $13.6M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04021 | −0.074% | $5.7M | $4.1M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04024 | 0.000% | $1.0M | $3.7M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.04024 | 0.000% | $327K | $179K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04035 | +0.274% | $4.1M | $1.8M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04031 | +0.174% | $1.8M | $2.8M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04027 | +0.075% | $1.2M | $2.3M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04026 | +0.050% | — | $6.8M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.04040 | +0.398% | $23K | $487K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04024 | −0.003% | $232K | $396K | 10x | as long as short |
| BloFin S-USDTshort | +0.0340% | 4h | 0.04034 | +0.249% | $277K | $115K | 75x | |
| Deribit S_USDC-PERPETUAL | +0.0744% | 1h | 0.04030 | +0.149% | $68K | $10K | 10x | as long as short |
| Backpack S_USDC_PERP | +0.1816% | 1h | 0.04030 | +0.149% | $117K | $426K | 5x | as long as short |
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
Extended S-USD
Deribit S_USDC-PERPETUAL
Backpack S_USDC_PERP