Funding you earn now, next payment 12:00 UTC−0.0141%/8h= −15.5% APRpaid last 24h −0.009%
Price spread now: KuCoin against Kraken Futures−0.070%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
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.070% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_USDCUSD | 0.9997 | −0.0054 | get 0.0007% / 1h | 8m 41s | $14K | $872 | 50x |
| Short | KuCoin USDCUSDTM | 0.9990 | −0.0195 | pay 0.0195% / 8h | 4h 08m | $2.5M | $20K | 30x |
Kraken Futures PF_USDCUSD
KuCoin USDCUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$29.68
- Price spread: −0.070% → 0.000%
- −$7
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$58.68
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 1 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 KuCoin live order book, 1 min ago | 4.50 bp | 13.8 bp −$14 | 357.9 bp −$3,579 | 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 exchanges
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 USDCUSDTMshort | −0.0195% | 8h | 0.9990 | −0.070% | $2.5M | $20K | 30x | |
| Kraken Futures PF_USDCUSDlong | −0.0054% | 1h | 0.9997 | long leg | $14K | $872 | 50x | |
| Binance USDCUSDT | −0.0031% | 8h | 0.9999 | +0.010% | $4.8M | $4.6M | 50x | as long as short |
| MEXC USDC_USDT | −0.0030% | 8h | 0.9999 | +0.010% | $20.9M | $725K | 200x | as long as short |
| Bitget USDCUSDT | −0.0009% | 8h | 0.9996 | −0.015% | $4.3M | $8K | 50x | as long as short |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0001 | +0.038% | $1.1M | $36K | 50x | as long as short |
| Bybit USDCUSDT | +0.0100% | 8h | 1.0001 | +0.035% | $9.5M | $160K | 50x | as long as short |
| Gate USDC_USDT | +0.0100% | 8h | 0.9992 | −0.055% | $253K | $26K | 50x | as long as short |
Binance USDCUSDT
MEXC USDC_USDT
Bitget USDCUSDT
OKX USDC-USDT-SWAP
Bybit USDCUSDT
Gate USDC_USDT