Funding you earn now, next payment 23:00 UTC+0.2123%/8h= +232.4% APRnext payment +$2.65 per $10,000 · paid last 24h +0.416%
Price spread now: Deribit against Kraken Futures+0.209%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 for this trade now. Funding pays +$64 a day on $10k at the current rate, and Deribit is 0.209% dearer against Kraken Futures than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SUSD | 0.03897 | −0.1604 | get 0.0200% / 1h | 9m 09s | $33K | $26K | 10x |
| Short | Deribit S_USDC-PERPETUAL | 0.03905 | 0.0519 | get 0.0065% / 1h | 9m 09s | $66K | $10K | 10x |
Kraken Futures PF_SUSD
Deribit S_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $445.75
- Price spread: +0.209% → 0.000%
- $20.93
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $449.68
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: Kraken Futures: no order-book sample; Deribit: 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
Kraken Futures and Deribit: 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_SUSDlong | −0.1604% | 1h | 0.03897 | long leg | $33K | $26K | 10x | |
| Coinbase International S-PERP-INTX | −0.1576% | 1h | 0.03826 | −1.818% | $47K | $5K | 25x | as long as short |
| 01 Exchange SUSD | −0.1360% | 1h | 0.03800 | −2.485% | $23K | $2K | 5x | as long as short |
| Variational Omni S | −0.0932% | 4h | 0.03888 | −0.215% | $606K | $31K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0198% / S +0.0191% | 1h | 0.03902 | +0.130% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03898 | +0.035% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03902 | +0.120% | $601 | — | 150x | as long as short |
| Orderly PERP_S_USDC | +0.0030% | 4h | 0.03899 | +0.055% | $99K | $343K | 10x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +5.213% | $2K | $37K | 12x | as long as short |
| Lighter S | +0.0096% | 1h | 0.03906 | +0.235% | $164K | $223K | 5x | as long as short |
Coinbase International S-PERP-INTX
01 Exchange SUSD
Variational Omni S
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
gTrade (Gains Network) S/USD
Orderly PERP_S_USDC
Injective S/USDC PERP
Lighter SShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid S | +0.0100% | 1h | 0.03902 | +0.145% | $979K | $712K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.03900 | +0.082% | $43K | $212K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03901 | +0.107% | $5.3M | $18.2M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03894 | −0.073% | $5.6M | $5.4M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03901 | +0.107% | $975K | $5.4M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03893 | −0.099% | $318K | $266K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03901 | +0.107% | $3.5M | $2.3M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03894 | −0.073% | $1.8M | $3.0M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03903 | +0.158% | $1.2M | $2.5M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03901 | +0.107% | — | $6.8M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03900 | +0.081% | $25K | $460K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03898 | +0.041% | $219K | $877K | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03899 | +0.055% | $266K | $125K | 75x | as long as short |
| Backpack S_USDC_PERP | +0.0494% | 1h | 0.03910 | +0.338% | $114K | $300K | 5x | as long as short |
| Deribit S_USDC-PERPETUALshort | +0.0519% | 1h | 0.03905 | +0.209% | $66K | $10K | 10x |
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
BloFin S-USDT
Backpack S_USDC_PERP