Funding you earn now, next payment 00:00 UTC−0.3786%/8h= −414.6% APRpaid last 24h −0.665%
Price spread now: Kraken Futures against Bitget+0.048%48s7-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
The price spread pays, funding is against you. Kraken Futures is 0.048% dearer against Bitget than usual: you sell high and buy low (spread +0.048% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$114 a day in funding at the current rate, which eats that in about 1 hour. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget TUSDT | 0.005190 | −0.0582 | get 0.0291% / 4h | 28m 24s | $890K | $781K | 50x |
| Short | Kraken Futures PF_TUSD | 0.005192 | −0.4368 | pay 0.0546% / 1h | 28m 24s | $2K | $2K | 10x |
Bitget TUSDT
Kraken Futures PF_TUSDFunding 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
- −$795.08
- Price spread: +0.048% → 0.000%
- $4.76
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$812.32
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Bitget: live order book, 47 min ago; 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 Bitget live order book, 47 min ago | 2.90 bp | 21.2 bp −$21 | 104.2 bp −$1,042 | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
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.
T on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TUSDshort | −0.4368% | 1h | 0.005192 | +0.048% | $2K | $2K | 10x | |
| KuCoin TUSDTM | −0.0730% | 4h | 0.005199 | +0.173% | $1.4M | $109K | 12x | as long as short |
| Gate T_USDT | −0.0726% | 4h | 0.005198 | +0.154% | $215K | $118K | 20x | as long as short |
| Variational Omni T | −0.0722% | 4h | 0.005195 | +0.094% | $7K | $13K | — | as long as short |
| Bybit TUSDT | −0.0619% | 4h | 0.005194 | +0.077% | $1.6M | $2.1M | 25x | as long as short |
| Binance TUSDT | −0.0602% | 4h | 0.005194 | +0.080% | $3.3M | $10.0M | 50x | as long as short |
| MEXC T_USDT | −0.0592% | 4h | 0.005196 | +0.116% | $3.2M | $260K | 20x | as long as short |
| Bitget TUSDTlong | −0.0582% | 4h | 0.005190 | long leg | $890K | $781K | 50x |
KuCoin TUSDTM
Gate T_USDT
Variational Omni T
Bybit TUSDT
Binance TUSDT
MEXC T_USDT