Funding you earn now, next payment 09:00 UTC+0.0224%/8h= +24.5% APRpaid last 24h +0.211%
Price spread now: KuCoin against Kraken Futures+0.187%7-day average +0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$987as in the Funding arb table
Net, price: spread back to 7d avg − costs−$937as in the Price arb table
costs, in and out, $10k−$9489.477% of the position
Funding, last 7 days−0.388%−$39 on $10k
+Price spread, last 4 days (all we have)+0.313%+$31 · spread now +0.187%, 7d avg +0.075%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and KuCoin is 0.112% dearer against Kraken Futures than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.075%. Mind the row above: over the last 7 days funding on this pair cost −0.388%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_USUALUSD | 0.01383 | −0.0124 | get 0.0016% / 1h | 35m 19s | $111K | $21K | 10x |
| Short | KuCoin USUALUSDTM | 0.01386 | 0.0100 | get 0.0050% / 4h | 3h 35m | $266K | $47K | 20x |
Kraken Futures PF_USUALUSD
KuCoin USUALUSDTMFunding 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
- $47.06
- Price spread: +0.187% → +0.075%
- $11.15
- Slippage, 4 orders
- −$925.74
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$889.53
- Costs to cover
- 9.477%
- Break-even
- 139.3 days
Slippage from Kraken Futures: live order book, 62 min ago; KuCoin: live order book, 57 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, 62 min ago | 32.39 bp | 43.0 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 57 min ago | 18.00 bp | 507.5 bp −$508 | 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 | −0.608% | $6K | $3K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSDlong | −0.0124% | 1h | 0.01383 | long leg | $111K | $21K | 10x | |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01383 | −0.030% | $392K | $179K | 3x | as long as short |
| Binance USUALUSDT | +0.0100% | 4h | 0.01383 | −0.065% | $2.2M | $3.0M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01385 | +0.100% | $1.0M | $738K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01386 | +0.187% | $937K | $94K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01384 | +0.028% | $6.1M | $249K | 100x | as long as short |
| KuCoin USUALUSDTMshort | +0.0100% | 4h | 0.01386 | +0.187% | $266K | $47K | 20x | |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01385 | +0.115% | $794K | $386K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01383 | −0.008% | — | $1.2M | — | as long as short |
Injective USUAL/USDC PERP
Hyperliquid USUAL
Binance USUALUSDT
Bybit USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
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 | 0.01385 | +0.087% | $10K | $1K | — | as long as short |
Variational Omni USUAL