Funding you earn now, next payment 05:00 UTC+0.0361%/8h= +39.5% APRpaid last 24h +0.007%
Price spread now: Bitget against Kraken Futures+0.172%7-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 +$11 a day on $10k at the current rate, and Bitget is 0.172% dearer against Kraken Futures than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_TNSRUSD | 0.03785 | −0.0261 | get 0.0033% / 1h | 59m 53s | $17K | $15K | 10x |
| Short | Bitget TNSRUSDT | 0.03791 | 0.0100 | get 0.0050% / 4h | 2h 59m | $1.8M | $361K | 25x |
Kraken Futures PF_TNSRUSD
Bitget TNSRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $75.81
- Price spread: +0.172% → 0.000%
- $17.16
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $70.97
- Costs to cover
- 0.220%
- Break-even
- 0.4 days
Slippage unknown: Kraken Futures: no order-book sample; Bitget: live order book, 2 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 Bitget live order book, 2 min ago | 5.25 bp | 32.0 bp −$32 | 343.1 bp −$3,431 | 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.
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TNSRUSDlong | −0.0261% | 1h | 0.03785 | long leg | $17K | $15K | 10x | |
| Hyperliquid TNSR | +0.0100% | 1h | 0.03793 | +0.224% | $68K | $59K | 3x | as long as short |
| Aster TNSRUSDT | +0.0100% | 4h | 0.03790 | +0.134% | $15K | $30K | 5x | as long as short |
| Binance TNSRUSDT | +0.0100% | 4h | 0.03792 | +0.198% | $2.3M | $3.6M | 25x | as long as short |
| Bybit TNSRUSDT | +0.0100% | 4h | 0.03789 | +0.119% | $1.1M | $500K | 25x | as long as short |
| Gate TNSR_USDT | +0.0100% | 4h | 0.03790 | +0.145% | $145K | $110K | 20x | as long as short |
| MEXC TNSR_USDT | +0.0100% | 4h | 0.03792 | +0.198% | $365K | $201K | 50x | as long as short |
| KuCoin TNSRUSDTM | +0.0100% | 4h | 0.03790 | +0.145% | $1.2M | $2.2M | 30x | as long as short |
| Bitget TNSRUSDTshort | +0.0100% | 4h | 0.03791 | +0.172% | $1.8M | $361K | 25x | |
| BingX TNSR-USDT | +0.0100% | 4h | 0.03791 | +0.172% | — | $6.6M | — | as long as short |
Hyperliquid TNSR
Aster TNSRUSDT
Binance TNSRUSDT
Bybit TNSRUSDT
Gate TNSR_USDT
MEXC TNSR_USDT
KuCoin TNSRUSDTM
BingX TNSR-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni TNSR | +0.0100% | 4h | 0.03810 | +0.682% | $6K | $4K | — | as long as short |
Variational Omni TNSR