Funding you earn now, next payment 00:00 UTC+0.0057%/8h= +6.3% APRpaid last 24h −0.010%
Price spread now: Kraken Futures against Bitget+0.035%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 +$2 a day on $10k at the current rate, and Kraken Futures is 0.035% dearer against Bitget than usual: you sell high and buy low: +$4 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 | Bitget USDCUSDT | 0.9994 | −0.0124 | get 0.0124% / 8h | 29m 41s | $4.3M | $17K | 50x |
| Short | Kraken Futures PF_USDCUSD | 0.9997 | −0.0067 | pay 0.0008% / 1h | 29m 41s | $14K | $928 | 50x |
Bitget USDCUSDT
Kraken Futures PF_USDCUSDFunding 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
- $12.04
- Price spread: +0.035% → 0.000%
- $3.5
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$6.46
- Costs to cover
- 0.220%
- Break-even
- 10.8 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 | 1.00 bp | 7.0 bp −$7 | 7.0 bp −$70 | 15.3 bp −$1,527 | 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.
USDC 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance USDCUSDT | −0.0132% | 8h | 0.9995 | +0.006% | $4.4M | $3.6M | 50x | as long as short |
| MEXC USDC_USDT | −0.0131% | 8h | 0.9994 | +0.005% | $18.0M | $427K | 200x | as long as short |
| Bitget USDCUSDTlong | −0.0124% | 8h | 0.9994 | long leg | $4.3M | $17K | 50x | |
| Kraken Futures PF_USDCUSDshort | −0.0067% | 1h | 0.9997 | +0.035% | $14K | $928 | 50x | |
| KuCoin USDCUSDTM | −0.0034% | 8h | 0.9990 | −0.035% | $2.5M | $19K | 30x | as long as short |
| Bybit USDCUSDT | 0.0000% | 8h | 1.0001 | +0.070% | $9.5M | $349K | 50x | as long as short |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0000 | +0.058% | $1.1M | $42K | 50x | as long as short |
| Gate USDC_USDT | +0.0094% | 8h | 0.9995 | +0.010% | $253K | $19K | 50x | as long as short |
Binance USDCUSDT
MEXC USDC_USDT
KuCoin USDCUSDTM
Bybit USDCUSDT
OKX USDC-USDT-SWAP
Gate USDC_USDT