Funding you earn now, next payment 07:00 UTC+0.0170%/8h= +18.6% APRpaid last 24h +0.043%
Price spread now: Gate against Kraken Futures−0.015%7-day average — · you buy dearer than you sell
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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_USDCUSD | 0.9997 | −0.0070 | get 0.0009% / 1h | 44m 36s | $14K | $924 | 50x |
| Short | Gate USDC_USDT | 0.9996 | 0.0100 | get 0.0100% / 8h | 1h 44m | $253K | $37K | 50x |
Kraken Futures PF_USDCUSD
Gate USDC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $35.7
- Price spread: −0.015% → 0.000%
- −$1.49
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $9.21
- Costs to cover
- 0.250%
- Break-even
- 5.2 days
Slippage unknown: Kraken Futures: no order-book sample; Gate: live order book, 57 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 Gate live order book, 57 min ago | 3.50 bp | 14.9 bp −$15 | 220.6 bp −$2,206 | 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.
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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USDCUSDTM | −0.0156% | 8h | 0.9994 | −0.035% | $2.5M | $20K | 30x | as long as short |
| Binance USDCUSDT | −0.0114% | 8h | 0.9996 | −0.015% | $4.8M | $4.3M | 50x | as long as short |
| MEXC USDC_USDT | −0.0114% | 8h | 0.9996 | −0.015% | $20.8M | $748K | 200x | as long as short |
| Bitget USDCUSDT | −0.0095% | 8h | 0.9996 | −0.015% | $4.3M | $8K | 50x | as long as short |
| Kraken Futures PF_USDCUSDlong | −0.0070% | 1h | 0.9997 | long leg | $14K | $924 | 50x | |
| Bybit USDCUSDT | 0.0000% | 8h | 1.0001 | +0.035% | $9.5M | $272K | 50x | as long as short |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0000 | +0.024% | $1.1M | $40K | 50x | as long as short |
| Gate USDC_USDTshort | +0.0100% | 8h | 0.9996 | −0.015% | $253K | $37K | 50x |
KuCoin USDCUSDTM
Binance USDCUSDT
MEXC USDC_USDT
Bitget USDCUSDT
Bybit USDCUSDT
OKX USDC-USDT-SWAP