Funding you earn now, next payment 05:00 UTC−0.1036%/8h= −113.5% APRpaid last 24h −0.192%
Price spread now: KuCoin against Kraken Futures−0.242%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 −$31 a day on $10k at the current rate, and KuCoin is 0.242% cheaper against Kraken Futures than usual: you would sell low and buy high (−$24 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_SPELLUSD | 0.00009182 | 0.1136 | pay 0.0142% / 1h | 30m 08s | $15K | $2K | 10x |
| Short | KuCoin SPELLUSDTM | 0.00009160 | 0.0100 | get 0.0100% / 8h | 3h 30m | $191K | $24K | 30x |
Kraken Futures PF_SPELLUSD
KuCoin SPELLUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$217.6
- Price spread: −0.242% → 0.000%
- −$24.21
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$263.81
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 40 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 KuCoin live order book, 40 min ago | 32.64 bp | 583.3 bp −$583 | doesn't fit | 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.
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 | 0.00009170 | −0.133% | $1.5M | $1.5M | 50x | as long as short |
| Gate SPELL_USDT | +0.0100% | 8h | 0.00009160 | −0.242% | $51K | $21K | 20x | as long as short |
| MEXC SPELL_USDT | +0.0100% | 8h | 0.00009170 | −0.133% | $411K | $140K | 20x | as long as short |
| KuCoin SPELLUSDTMshort | +0.0100% | 8h | 0.00009160 | −0.242% | $191K | $24K | 30x | |
| Bitget SPELLUSDT | +0.0100% | 8h | 0.00009180 | −0.024% | $610K | $36K | 25x | as long as short |
| Variational Omni SPELL | +0.0100% | 8h | 0.00009183 | +0.013% | $111 | $2K | — | as long as short |
| Kraken Futures PF_SPELLUSDlong | +0.1136% | 1h | 0.00009182 | long leg | $15K | $2K | 10x |
Binance SPELLUSDT
Gate SPELL_USDT
MEXC SPELL_USDT
Bitget SPELLUSDT
Variational Omni SPELL