Funding you earn now, next payment 06:00 UTC+0.0068%/8h= +7.5% APRpaid last 24h +0.020%
Price spread now: OKX against Kraken Futures+0.023%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 OKX is 0.023% dearer against Kraken Futures than usual: you sell high and buy low: +$2 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 | Kraken Futures PF_USDCUSD | 0.9998 | −0.0068 | get 0.0009% / 1h | 36m 37s | $14K | $924 | 50x |
| Short | OKX USDC-USDT-SWAP | 1.0000 | 0 | get 0.0000% / 8h | 2h 36m | $1.1M | $41K | 50x |
Kraken Futures PF_USDCUSD
OKX USDC-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $14.35
- Price spread: +0.023% → 0.000%
- $2.31
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$3.34
- Costs to cover
- 0.200%
- Break-even
- 8.6 days
Slippage unknown: Kraken Futures: no order-book sample; OKX: live order book, 5 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 OKX live order book, 5 min ago | 0.17 bp | 5.7 bp −$6 | 8.0 bp −$80 | 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 | −0.0153% | 8h | 0.9991 | −0.070% | $2.5M | $20K | 30x | as long as short |
| Binance USDCUSDT | −0.0126% | 8h | 0.9996 | −0.017% | $4.7M | $4.3M | 50x | as long as short |
| MEXC USDC_USDT | −0.0126% | 8h | 0.9996 | −0.018% | $20.8M | $749K | 200x | as long as short |
| Bitget USDCUSDT | −0.0108% | 8h | 0.9994 | −0.036% | $4.3M | $8K | 50x | as long as short |
| Kraken Futures PF_USDCUSDlong | −0.0068% | 1h | 0.9998 | long leg | $14K | $924 | 50x | |
| Bybit USDCUSDT | 0.0000% | 8h | 1.0001 | +0.034% | $9.5M | $279K | 50x | as long as short |
| OKX USDC-USDT-SWAPshort | 0.0000% | 8h | 1.0000 | +0.023% | $1.1M | $41K | 50x | |
| Gate USDC_USDT | +0.0081% | 8h | 0.9992 | −0.056% | $253K | $39K | 50x | as long as short |
KuCoin USDCUSDTM
Binance USDCUSDT
MEXC USDC_USDT
Bitget USDCUSDT
Bybit USDCUSDT
Gate USDC_USDT