Funding you earn now, next payment 01:00 UTC+0.0741%/8h= +81.2% APRpaid last 24h +0.214%
Price spread now: Gate against Kraken Futures+0.112%7-day average +0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$368as in the Funding arb table
Net, price: spread back to 7d avg − costs−$328as in the Price arb table
costs, in and out, $10k−$3323.323% of the position
Funding, last 7 days−0.361%−$36 on $10k
+Price spread, last 3 days (all we have)+0.048%+$5 · spread now +0.112%, 7d avg +0.070%
=Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Gate is 0.042% dearer against Kraken Futures than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.070%. Mind the row above: over the last 7 days funding on this pair cost −0.361%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.361% in total (about -18.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_USUALUSD | 0.01375 | −0.0641 | get 0.0080% / 1h | 15m 23s | $112K | $18K | 10x |
| Short | Gate USUAL_USDT | 0.01377 | 0.0100 | get 0.0100% / 8h | 7h 15m | $931K | $212K | 50x |
Kraken Futures PF_USUALUSD
Gate USUAL_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
- $155.63
- Price spread: +0.112% → +0.070%
- $4.17
- Slippage, 4 orders
- −$307.34
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$172.53
- Costs to cover
- 3.323%
- Break-even
- 14.8 days
Slippage from Kraken Futures: live order book, 57 min ago; Gate: live order book, 56 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 Kraken Futures live order book, 57 min ago | 31.67 bp | 42.5 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 56 min ago | 7.27 bp | 135.9 bp −$136 | 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 | −0.4996% | 1h | 0.01358 | −1.270% | $6K | $2K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSDlong | −0.0641% | 1h | 0.01375 | long leg | $112K | $18K | 10x | |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01378 | +0.184% | $396K | $185K | 3x | as long as short |
| Binance USUALUSDT | +0.0100% | 4h | 0.01376 | +0.046% | $2.2M | $3.3M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01378 | +0.177% | $1.0M | $795K | 25x | as long as short |
| Gate USUAL_USDTshort | +0.0100% | 8h | 0.01377 | +0.112% | $931K | $212K | 50x | |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01376 | +0.053% | $6.0M | $246K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01376 | +0.039% | $271K | $62K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01378 | +0.184% | $827K | $419K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01377 | +0.112% | — | $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 | 0.01375 | −0.002% | $9K | $208 | — | as long as short |
Variational Omni USUAL