Funding you earn now, next payment 06:00 UTC−0.6504%/8h= −712.2% APRnext payment −$8.13 per $10,000 · paid last 24h −1.626%
Price spread now: 01 Exchange against Kraken Futures−2.441%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$195 a day on $10k at the current rate, and 01 Exchange is 2.441% cheaper against Kraken Futures than usual: you would sell low and buy high (−$244 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 | Kraken Futures PF_SUSD | 0.03936 | −0.1848 | get 0.0231% / 1h | 36m 33s | $32K | $14K | 10x |
| Short | 01 Exchange SUSD | 0.03840 | −0.8352 | pay 0.1044% / 1h | 36m 33s | $24K | $2K | 5x |
Kraken Futures PF_SUSD
01 Exchange SUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange 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
- −$1,365.92
- Price spread: −2.441% → 0.000%
- −$244.12
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$1,627.05
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; 01 Exchange: 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 01 Exchange no order-book sample | — | — | — | — | — |
Kraken Futures and 01 Exchange: 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 SUSDshort | −0.8352% | 1h | 0.03840 | −2.441% | $24K | $2K | 5x | |
| Kraken Futures PF_SUSDlong | −0.1848% | 1h | 0.03936 | long leg | $32K | $14K | 10x | |
| Coinbase International S-PERP-INTX | −0.1232% | 1h | 0.03919 | −0.434% | $48K | $16K | 25x | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.03938 | +0.059% | $1K | — | 100x | as long as short |
| Variational Omni S | −0.0119% | 4h | 0.03931 | −0.132% | $611K | $30K | — | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03978 | +1.062% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03938 | +0.037% | $607 | — | 150x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +4.164% | $2K | $37K | 12x | as long as short |
| Orderly PERP_S_USDC | +0.0083% | 4h | 0.03935 | −0.028% | $98K | $488K | 10x | as long as short |
| Lighter S | +0.0096% | 1h | 0.03976 | +1.014% | $169K | $138K | 5x | as long as short |
Coinbase International S-PERP-INTX
GMX S/USD [WBTC.b-USDC]
Variational Omni S
Reya SRUSDPERP
gTrade (Gains Network) S/USD
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 | 0.03978 | +1.067% | $1.0M | $593K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.03979 | +1.091% | $46K | $142K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03982 | +1.166% | $5.6M | $13.6M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03976 | +1.014% | $5.7M | $4.4M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03980 | +1.116% | $982K | $3.8M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03975 | +0.989% | $323K | $184K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03979 | +1.090% | $3.6M | $1.7M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03971 | +0.887% | $1.8M | $2.7M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03980 | +1.116% | $1.2M | $2.3M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03979 | +1.090% | — | $6.8M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03920 | −0.409% | $6K | $473K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03978 | +1.064% | $224K | $594K | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03921 | −0.383% | $271K | $106K | 75x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0764% | 1h | 0.03948 | +0.303% | $66K | $10K | 10x | as long as short |
| Backpack S_USDC_PERP | +0.1821% | 1h | 0.03950 | +0.353% | $115K | $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
BloFin S-USDT
Deribit S_USDC-PERPETUAL
Backpack S_USDC_PERP