Funding you earn now, next payment 01:00 UTC+0.2034%/8h= +222.7% APRpaid last 24h +0.208%
Price spread now: Kraken Futures against OKX−0.046%7-day average +0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$4,548as in the Funding arb table
Net, price: spread back to 7d avg − costs−$4,568as in the Price arb table
costs, in and out, $10k−$4,55945.595% of the position
Funding, last 7 days+0.119%+$12 on $10k
+Price spread, last 3 days (all we have)−0.010%−$1 · spread now −0.046%, 7d avg +0.044%
=Funding pays, the price is against you. Kraken Futures is 0.090% cheaper against OKX than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of +0.044%). If the spread goes back, that is −$9 on $10k: about 4 hours of funding at the current rate (+$61 a day). At the pace of the last 7 days (+0.119% in total) that is about 5.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.119% in total (about 6.2% 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 | OKX TRB-USDT-SWAP | 19.350 | 0.0100 | pay 0.0050% / 4h | 3h 36m | $4.4M | $4.7M | 20x |
| Short | Kraken Futures PF_TRBUSD | 19.341 | 0.2134 | get 0.0267% / 1h | 36m 44s | $103K | $99K | 10x |
OKX TRB-USDT-SWAP
Kraken Futures PF_TRBUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- $427.1
- Price spread: −0.046% → +0.044%
- −$9.03
- Slippage, 4 orders
- −$4,539.46
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$4,141.39
- Costs to cover
- 45.595%
- Break-even
- 74.9 days
Slippage from OKX: live order book, 1 min ago; Kraken Futures: live order book, 35 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 OKX live order book, 1 min ago | 2.59 bp | 19.3 bp −$19 | 130.5 bp −$1,305 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 35 min ago | 18.29 bp | 38.9 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
TRB on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin TRB-USDT | +0.0052% | 4h | 19.311 | −0.202% | $363K | $172K | 50x | as long as short |
| Hyperliquid TRB | +0.0100% | 1h | 19.328 | −0.114% | $486K | $229K | 3x | as long as short |
| Aster TRBUSDT | +0.0100% | 4h | 19.327 | −0.121% | $9K | $20K | 5x | as long as short |
| Binance TRBUSDT | +0.0100% | 4h | 19.324 | −0.135% | $5.1M | $10.3M | 50x | as long as short |
| Bybit TRBUSDT | +0.0100% | 4h | 19.364 | +0.072% | $6.4M | $1.9M | 50x | as long as short |
| OKX TRB-USDT-SWAPlong | +0.0100% | 4h | 19.350 | long leg | $4.4M | $4.7M | 20x | |
| MEXC TRB_USDT | +0.0100% | 4h | 19.326 | −0.124% | $14.7M | $923K | 125x | as long as short |
| KuCoin TRBUSDTM | +0.0100% | 4h | 19.353 | +0.016% | $1.2M | $307K | 50x | as long as short |
| Bitget TRBUSDT | +0.0100% | 4h | 19.349 | −0.005% | $1.3M | $1.4M | 50x | as long as short |
| BingX TRB-USDT | +0.0100% | 4h | 19.345 | −0.026% | — | $16.4M | — | as long as short |
BloFin TRB-USDT
Hyperliquid TRB
Aster TRBUSDT
Binance TRBUSDT
Bybit TRBUSDT
MEXC TRB_USDT
KuCoin TRBUSDTM
Bitget TRBUSDT
BingX TRB-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni TRB | +0.0240% | 4h | 19.362 | +0.065% | $15K | $4K | — | as long as short |
| Gate TRB_USDT | +0.0590% | 4h | 19.350 | 0.000% | $598K | $1.5M | 50x | as long as short |
| Kraken Futures PF_TRBUSDshort | +0.2134% | 1h | 19.341 | −0.046% | $103K | $99K | 10x |
Variational Omni TRB
Gate TRB_USDT