Funding you earn now, next payment 09:00 UTC+0.1818%/8h= +199.1% APRpaid last 24h +0.044%
Price spread now: Kraken Futures against Bitget+0.155%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
Both sides work for this trade now. Funding pays +$55 a day on $10k at the current rate, and Kraken Futures is 0.155% dearer against Bitget than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet). 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 TNSRUSDT | 0.03741 | 0.0100 | pay 0.0050% / 4h | 3h 53m | $1.7M | $430K | 25x |
| Short | Kraken Futures PF_TNSRUSD | 0.03747 | 0.1918 | get 0.0240% / 1h | 53m 25s | $18K | $18K | 10x |
Bitget TNSRUSDT
Kraken Futures PF_TNSRUSDFunding 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
- $381.82
- Price spread: +0.155% → 0.000%
- $15.52
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $375.35
- Costs to cover
- 0.220%
- Break-even
- 0.1 days
Slippage unknown: Bitget: live order book, 3 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, 3 min ago | 6.67 bp | 52.1 bp −$52 | 500.4 bp −$5,004 | 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.
TNSR on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TNSR | +0.0100% | 1h | 0.03752 | +0.294% | $66K | $57K | 3x | as long as short |
| Binance TNSRUSDT | +0.0100% | 4h | 0.03747 | +0.163% | $2.3M | $4.0M | 25x | as long as short |
| Bybit TNSRUSDT | +0.0100% | 4h | 0.03741 | 0.000% | $1.1M | $589K | 25x | as long as short |
| Gate TNSR_USDT | +0.0100% | 4h | 0.03742 | +0.027% | $147K | $118K | 20x | as long as short |
| MEXC TNSR_USDT | +0.0100% | 4h | 0.03746 | +0.134% | $347K | $192K | 50x | as long as short |
| KuCoin TNSRUSDTM | +0.0100% | 4h | 0.03746 | +0.134% | $1.1M | $2.2M | 30x | as long as short |
| Bitget TNSRUSDTlong | +0.0100% | 4h | 0.03741 | long leg | $1.7M | $430K | 25x | |
| BingX TNSR-USDT | +0.0100% | 4h | 0.03744 | +0.080% | — | $6.5M | — | as long as short |
| Variational Omni TNSR | +0.0100% | 4h | 0.03747 | +0.157% | $4K | $5K | — | as long as short |
| Aster TNSRUSDT | +0.0459% | 4h | 0.03746 | +0.147% | $19K | $33K | 5x | as long as short |
Hyperliquid TNSR
Binance TNSRUSDT
Bybit TNSRUSDT
Gate TNSR_USDT
MEXC TNSR_USDT
KuCoin TNSRUSDTM
BingX TNSR-USDT
Variational Omni TNSR
Aster TNSRUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TNSRUSDshort | +0.1918% | 1h | 0.03747 | +0.155% | $18K | $18K | 10x |