Funding you earn now, next payment 08:00 UTC−0.0407%/8h= −44.6% APRpaid last 24h −0.030%
Price spread now: KuCoin against Kraken Futures+0.052%7-day average −0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$1081.081% of the position
Funding, last 7 days−0.061%−$6 on $10k
+Price spread, last 4 days (all we have)−0.232%−$23 · spread now +0.052%, 7d avg −0.062%
=The price spread pays, funding is against you. KuCoin is 0.114% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.052% now, against its 7-day average of −0.062%): +$11 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 7 days (−0.061% in total) that is about 13 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.061% in total (about -3.2% 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 | Kraken Futures PF_SUSHIUSD | 0.2534 | 0.0507 | pay 0.0063% / 1h | 13m 13s | $763K | $66K | 20x |
| Short | KuCoin SUSHIUSDTM | 0.2535 | 0.0100 | get 0.0100% / 8h | 13m 13s | $1.2M | $248K | 50x |
Kraken Futures PF_SUSHIUSD
KuCoin SUSHIUSDTMFunding 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
- −$85.55
- Price spread: +0.052% → −0.062%
- $11.38
- Slippage, 4 orders
- −$86.12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$182.29
- Costs to cover
- 1.081%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 25 min ago; KuCoin: live order book, 2 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 Kraken Futures live order book, 25 min ago | 9.92 bp | 30.4 bp −$30 | 2884.0 bp −$28.8K | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 5.92 bp | 25.5 bp −$26 | 149.9 bp −$1,499 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SUSHI | −0.0001% | 8h | 0.2523 | −0.437% | $41K | $7K | — | as long as short |
| Injective SUSHI/USDC PERP | +0.0033% | 1h | 0.2545 | +0.447% | $16 | $18K | 5.5x | as long as short |
| Bitget SUSHIUSDT | +0.0065% | 8h | 0.2532 | −0.066% | $988K | $771K | 50x | as long as short |
| BloFin SUSHI-USDT | +0.0087% | 8h | 0.2533 | −0.027% | $206K | $53K | 75x | as long as short |
| Hyperliquid SUSHI | +0.0100% | 1h | 0.2535 | +0.052% | $332K | $343K | 3x | as long as short |
| Aster SUSHIUSDT | +0.0100% | 8h | 0.2536 | +0.077% | $23K | $15K | 5x | as long as short |
| Binance SUSHIUSDT | +0.0100% | 8h | 0.2533 | −0.016% | $3.9M | $9.5M | 75x | as long as short |
| Bybit SUSHIUSDT | +0.0100% | 8h | 0.2532 | −0.070% | $2.6M | $3.0M | 75x | as long as short |
| OKX SUSHI-USDT-SWAP | +0.0100% | 8h | 0.2535 | +0.052% | $1.5M | $3.8M | 50x | as long as short |
| Gate SUSHI_USDT | +0.0100% | 8h | 0.2534 | +0.013% | $575K | $279K | 50x | as long as short |
Variational Omni SUSHI
Injective SUSHI/USDC PERP
Bitget SUSHIUSDT
BloFin SUSHI-USDT
Hyperliquid SUSHI
Aster SUSHIUSDT
Binance SUSHIUSDT
Bybit SUSHIUSDT
OKX SUSHI-USDT-SWAP
Gate SUSHI_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SUSHI_USDT | +0.0100% | 8h | 0.2533 | −0.027% | $1.2M | $285K | 75x | as long as short |
| KuCoin SUSHIUSDTMshort | +0.0100% | 8h | 0.2535 | +0.052% | $1.2M | $248K | 50x | |
| BingX SUSHI-USDT | +0.0100% | 8h | 0.2535 | +0.052% | — | $2.5M | — | as long as short |
| HTX SUSHI-USDT | +0.0100% | 8h | 0.2534 | +0.013% | $85K | $78K | 75x | as long as short |
| Kraken Futures PF_SUSHIUSDlong | +0.0507% | 1h | 0.2534 | long leg | $763K | $66K | 20x |
MEXC SUSHI_USDT
BingX SUSHI-USDT
HTX SUSHI-USDT