S

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1913%/8h= +209.5% APRnext payment +$2.39 per $10,000 · paid last 24h +0.565%

Price spread now: Extended against Kraken Futures−0.075%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Extended

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.075% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.075% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 3 hours of funding at the current rate (+$57 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SUSD	0.04020	−0.1809	get 0.0226% / 1h	18m 33s	$35K	$16K	10x
Short	Extended S-USD	0.04017	0.0104	get 0.0013% / 1h	18m 33s	$226K	$593K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 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 Kraken FuturesbpFee ExtendedbpOrdersPrice spread, now −0.075%Rate

Funding earned: $401.74
Price spread: −0.075% → 0.000%: −$7.45
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $379.29
Costs to cover: 0.150%
Break-even: 0.4 days

Slippage unknown: Kraken Futures: no order-book sample; Extended: live order book, 65 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 Extended live order book, 65 min ago	6.31 bp	45.2 bp −$45	286.4 bp −$2,864	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	−0.9952%	1h	0.03850	−4.228%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSDlong	−0.1809%	1h	0.04020	long leg	$35K	$16K	10x
Coinbase International S-PERP-INTX	−0.1232%	1h	0.03961	−1.467%	$48K	$18K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04027	+0.182%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04026	+0.159%	$4	—	15x	as long as short
Variational Omni S	−0.0081%	4h	0.04012	−0.191%	$623K	$25K	—	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04025	+0.135%	$620	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+1.991%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0084%	4h	0.04027	+0.175%	$100K	$553K	10x	as long as short
Lighter S	+0.0096%	1h	0.04027	+0.175%	$171K	$140K	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	0.04022	+0.043%	$1.0M	$595K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04019	−0.016%	$47K	$111K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04019	−0.032%	$5.7M	$13.7M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04014	−0.149%	$5.7M	$4.3M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04018	−0.049%	$1.0M	$3.8M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04019	−0.024%	$327K	$185K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04018	−0.049%	$3.8M	$1.7M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04018	−0.049%	$1.8M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04019	−0.024%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04018	−0.049%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04020	+0.001%	$24K	$483K	50x	as long as short
Extended S-USDshort	+0.0104%	1h	0.04017	−0.075%	$226K	$593K	10x
BloFin S-USDT	+0.0340%	4h	0.04024	+0.100%	$277K	$115K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0992%	1h	0.04031	+0.274%	$68K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.2365%	1h	0.04040	+0.498%	$117K	$426K	5x	as long as short