Funding you earn now, next payment 09:00 UTC−0.0224%/8h= −24.5% APRpaid last 24h −0.211%
Price spread now: Kraken Futures against Gate−0.135%7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$341as in the Funding arb table
Net, price: spread back to 7d avg − costs−$386as in the Price arb table
costs, in and out, $10k−$3803.800% of the position
Funding, last 7 days+0.393%+$39 on $10k
+Price spread, last 4 days (all we have)−0.365%−$36 · spread now −0.135%, 7d avg −0.079%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Kraken Futures is 0.055% cheaper against Gate than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.079%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.393%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate USUAL_USDT | 0.01384 | 0.0100 | pay 0.0100% / 8h | 7h 39m | $936K | $94K | 50x |
| Short | Kraken Futures PF_USUALUSD | 0.01382 | −0.0124 | pay 0.0016% / 1h | 39m 09s | $111K | $21K | 10x |
Gate USUAL_USDT
Kraken Futures PF_USUALUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. 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
- −$47.08
- Price spread: −0.135% → −0.079%
- −$5.54
- Slippage, 4 orders
- −$354.97
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$432.59
- Costs to cover
- 3.800%
- Break-even
- never at this rate
Slippage from Gate: live order book, 58 min ago; Kraken Futures: live order book, 58 min ago.
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 Gate live order book, 58 min ago | 7.19 bp | 150.8 bp −$151 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 58 min ago | 32.39 bp | 53.3 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
USUAL on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERP | −0.4152% | 1h | 0.01375 | −0.650% | $6K | $3K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSDshort | −0.0124% | 1h | 0.01382 | −0.135% | $111K | $21K | 10x | |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01382 | −0.145% | $392K | $179K | 3x | as long as short |
| Binance USUALUSDT | +0.0100% | 4h | 0.01382 | −0.137% | $2.2M | $3.1M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01384 | +0.007% | $1.0M | $738K | 25x | as long as short |
| Gate USUAL_USDTlong | +0.0100% | 8h | 0.01384 | long leg | $936K | $94K | 50x | |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01383 | −0.072% | $6.1M | $249K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01383 | −0.072% | $265K | $47K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01385 | +0.072% | $794K | $386K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01383 | −0.058% | — | $1.2M | — | as long as short |
Injective USUAL/USDC PERP
Hyperliquid USUAL
Binance USUALUSDT
Bybit USUALUSDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDT
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01386 | +0.110% | $10K | $1K | — | as long as short |
Variational Omni USUAL