Funding you earn now, next payment 10:00 UTC−0.2073%/8h= −227.0% APRnext payment −$2.59 per $10,000 · paid last 24h +0.041%
Price spread now: Kraken Futures against Extended−0.025%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.379%−$138 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$62 a day on $10k at the current rate, and Kraken Futures is 0.025% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.379% in total (about -71.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.59 per $10,000. 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 | Extended TURBO-USD | 0.001081 | 0.0104 | pay 0.0013% / 1h | 57m 53s | $456 | $194K | 5x |
| Short | Kraken Futures PF_TURBOUSD | 0.001081 | −0.1969 | pay 0.0246% / 1h | 57m 53s | $72K | $33K | 20x |
Extended TURBO-USD
Kraken Futures PF_TURBOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Extended. 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
- −$435.27
- Price spread: −0.025% → 0.000%
- −$2.55
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$452.82
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 33 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 Extended live order book, 33 min ago | 14.14 bp | 40.3 bp −$40 | 318.2 bp −$3,182 | 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.
TURBO on 14 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_TURBOUSDshort | −0.1969% | 1h | 0.001081 | −0.025% | $72K | $33K | 20x | |
| Injective TURBO/USDC PERP | +0.0033% | 1h | 0.001069 | −1.135% | $83 | $4 | 5.5x | as long as short |
| BloFin TURBO-USDT | +0.0099% | 4h | 0.001086 | +0.437% | $155K | $504K | 75x | as long as short |
| Hyperliquid TURBO | +0.0100% | 1h | 0.001085 | +0.345% | $319K | $173K | 3x | as long as short |
| Aster TURBOUSDT | +0.0100% | 4h | 0.001081 | +0.009% | $10K | $20K | 10x | as long as short |
| Binance TURBOUSDT | +0.0100% | 4h | 0.001082 | +0.028% | $3.0M | $6.8M | 50x | as long as short |
| Bybit 1000TURBOUSDT | +0.0100% | 4h | 0.001082 | +0.095% | $393K | $790K | 25x | as long as short |
| OKX TURBO-USDT-SWAP | +0.0100% | 4h | 0.001081 | +0.012% | $916K | $2.4M | 20x | as long as short |
| Gate TURBO_USDT | +0.0100% | 4h | 0.001083 | +0.188% | $393K | $346K | 25x | as long as short |
| MEXC TURBO_USDT | +0.0100% | 4h | 0.001082 | +0.114% | $5.6M | $604K | 20x | as long as short |
Injective TURBO/USDC PERP
BloFin TURBO-USDT
Hyperliquid TURBO
Aster TURBOUSDT
Binance TURBOUSDT
Bybit 1000TURBOUSDT
OKX TURBO-USDT-SWAP
Gate TURBO_USDT
MEXC TURBO_USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget TURBOUSDT | +0.0100% | 4h | 0.001084 | +0.252% | $1.1M | $614K | 25x | as long as short |
| BingX TURBO-USDT | +0.0100% | 4h | 0.001082 | +0.058% | — | $9.6M | — | as long as short |
| Extended TURBO-USDlong | +0.0104% | 1h | 0.001081 | long leg | $456 | $194K | 5x | |
| KuCoin TURBOUSDTM | +0.0162% | 4h | 0.001083 | +0.178% | $1.9M | $959K | 20x | as long as short |
Bitget TURBOUSDT
BingX TURBO-USDT
KuCoin TURBOUSDTM