Funding you earn now, next payment 02:00 UTC+0.1082%/8h= +118.4% APRpaid last 24h +0.124%
Price spread now: Kraken Futures against Gate+0.124%7-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 +$32 a day on $10k at the current rate, and Kraken Futures is 0.124% dearer against Gate than usual: you sell high and buy low: +$12 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 | Gate SPELL_USDT | 0.00009180 | 0.0100 | pay 0.0100% / 8h | 6h 07m | $51K | $24K | 20x |
| Short | Kraken Futures PF_SPELLUSD | 0.00009191 | 0.1182 | get 0.0148% / 1h | 7m 29s | $15K | $2K | 10x |
Gate SPELL_USDT
Kraken Futures PF_SPELLUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. 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
- $227.13
- Price spread: +0.124% → 0.000%
- $12.45
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $214.57
- Costs to cover
- 0.250%
- Break-even
- 0.4 days
Slippage unknown: Gate: 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 Gate no order-book sample | — | — | — | — | — |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Gate 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.
SPELL on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance SPELLUSDT | +0.0100% | 8h | 0.00009195 | +0.163% | $1.5M | $1.6M | 50x | as long as short |
| Gate SPELL_USDTlong | +0.0100% | 8h | 0.00009180 | long leg | $51K | $24K | 20x | |
| MEXC SPELL_USDT | +0.0100% | 8h | 0.00009190 | +0.109% | $416K | $132K | 20x | as long as short |
| KuCoin SPELLUSDTM | +0.0100% | 8h | 0.00009190 | +0.109% | $192K | $26K | 30x | as long as short |
| Bitget SPELLUSDT | +0.0100% | 8h | 0.00009190 | +0.109% | $611K | $40K | 25x | as long as short |
| Variational Omni SPELL | +0.0100% | 8h | 0.00009203 | +0.255% | $112 | $2K | — | as long as short |
| Kraken Futures PF_SPELLUSDshort | +0.1182% | 1h | 0.00009191 | +0.124% | $15K | $2K | 10x |
Binance SPELLUSDT
MEXC SPELL_USDT
KuCoin SPELLUSDTM
Bitget SPELLUSDT
Variational Omni SPELL