Funding you earn now, next payment 03:00 UTC+0.0281%/8h= +30.8% APRpaid last 24h +0.029%
Price spread now: Kraken Futures against Bitget−0.054%7-day average +0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$940.936% of the position
Funding, last 7 days−0.041%−$4 on $10k
+Price spread, last 4 days (all we have)+0.117%+$12 · spread now −0.054%, 7d avg +0.048%
=Funding pays, the price is against you. Kraken Futures is 0.103% cheaper against Bitget than usual: you would sell low and buy high (spread −0.054% now, against its 7-day average of +0.048%). If the spread goes back, that is −$10 on $10k: about 29 hours of funding at the current rate (+$8 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.041% in total (about -2.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SUSHIUSDT | 0.2569 | −0.0058 | get 0.0058% / 8h | 5h 13m | $1.0M | $703K | 50x |
| Short | Kraken Futures PF_SUSHIUSD | 0.2568 | 0.0223 | get 0.0028% / 1h | 13m 32s | $773K | $64K | 20x |
Bitget SUSHIUSDT
Kraken Futures PF_SUSHIUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. 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
- $58.98
- Price spread: −0.054% → +0.048%
- −$10.27
- Slippage, 4 orders
- −$71.58
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$44.87
- Costs to cover
- 0.936%
- Break-even
- 12.3 days
Slippage from Bitget: live order book, 2 min ago; Kraken Futures: live order book, 50 min ago.
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 Bitget live order book, 2 min ago | 7.80 bp | 14.7 bp −$15 | 34.4 bp −$344 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 50 min ago | 15.66 bp | 35.7 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
SUSHI on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SUSHIUSDTlong | −0.0058% | 8h | 0.2569 | long leg | $1.0M | $703K | 50x | |
| Injective SUSHI/USDC PERP | +0.0033% | 1h | 0.2545 | −0.934% | $16 | $18K | 5.5x | as long as short |
| Variational Omni SUSHI | +0.0068% | 8h | 0.2567 | −0.058% | $41K | $13K | — | as long as short |
| Hyperliquid SUSHI | +0.0100% | 1h | 0.2565 | −0.156% | $361K | $338K | 3x | as long as short |
| Aster SUSHIUSDT | +0.0100% | 8h | 0.2565 | −0.144% | $23K | $17K | 5x | as long as short |
| Binance SUSHIUSDT | +0.0100% | 8h | 0.2566 | −0.117% | $4.0M | $9.0M | 75x | as long as short |
| Bybit SUSHIUSDT | +0.0100% | 8h | 0.2565 | −0.156% | $2.6M | $2.5M | 75x | as long as short |
| OKX SUSHI-USDT-SWAP | +0.0100% | 8h | 0.2567 | −0.078% | $1.6M | $3.2M | 50x | as long as short |
| Gate SUSHI_USDT | +0.0100% | 8h | 0.2567 | −0.078% | $566K | $254K | 50x | as long as short |
| MEXC SUSHI_USDT | +0.0100% | 8h | 0.2566 | −0.117% | $1.2M | $272K | 75x | as long as short |
Injective SUSHI/USDC PERP
Variational Omni SUSHI
Hyperliquid SUSHI
Aster SUSHIUSDT
Binance SUSHIUSDT
Bybit SUSHIUSDT
OKX SUSHI-USDT-SWAP
Gate SUSHI_USDT
MEXC SUSHI_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SUSHIUSDTM | +0.0100% | 8h | 0.2568 | −0.039% | $1.2M | $225K | 50x | as long as short |
| BingX SUSHI-USDT | +0.0100% | 8h | 0.2568 | −0.039% | — | $2.5M | — | as long as short |
| HTX SUSHI-USDT | +0.0100% | 8h | 0.2568 | −0.039% | $88K | $49K | 75x | as long as short |
| BloFin SUSHI-USDT | +0.0128% | 8h | 0.2564 | −0.195% | $215K | $39K | 75x | as long as short |
| Kraken Futures PF_SUSHIUSDshort | +0.0223% | 1h | 0.2568 | −0.054% | $773K | $64K | 20x |
KuCoin SUSHIUSDTM
BingX SUSHI-USDT
HTX SUSHI-USDT
BloFin SUSHI-USDT