Funding you earn now, next payment 22:00 UTC+0.0520%/8h= +56.9% APRpaid last 24h −0.024%
Price spread now: Kraken Futures against Bitget+0.283%7-day average +0.122% · you sell dearer than you buy
Net, funding: paid 7d − costs−$201as in the Funding arb table
Net, price: spread back to 7d avg − costs−$191as in the Price arb table
costs, in and out, $10k−$2072.072% of the position
Funding, last 7 days+0.063%+$6 on $10k
+Price spread, last 3 days (all we have)−0.458%−$46 · spread now +0.283%, 7d avg +0.122%
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Kraken Futures is 0.161% dearer against Bitget than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.122%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.063% in total (about 3.3% 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 | Bitget WUSDT | 0.01171 | 0.0100 | pay 0.0050% / 4h | 2h 37m | $1.2M | $572K | 50x |
| Short | Kraken Futures PF_WUSD | 0.01174 | 0.0620 | get 0.0077% / 1h | 37m 05s | $145K | $185K | 20x |
Bitget WUSDT
Kraken Futures PF_WUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. 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
- $109.17
- Price spread: +0.283% → +0.122%
- $16.08
- Slippage, 4 orders
- −$185.23
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$81.98
- Costs to cover
- 2.072%
- Break-even
- 12.3 days
Slippage from Bitget: live order book, 4 min ago; Kraken Futures: live order book, 50 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 Bitget live order book, 4 min ago | 4.26 bp | 29.5 bp −$29 | 95.7 bp −$957 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 50 min ago | 19.07 bp | 47.0 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.0858% | 1h | 0.01172 | +0.102% | $17K | $1K | 10x | as long as short |
| OKX W-USDT-SWAP | +0.0006% | 4h | 0.01170 | −0.068% | $1.3M | $2.2M | 20x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +3.245% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01172 | +0.085% | $2.0M | $460K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01172 | +0.060% | $2.9M | $7.6M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01170 | −0.111% | $4.1M | $2.1M | 50x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01169 | −0.137% | $442K | $301K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01171 | +0.043% | $12.8M | $1.7M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01169 | −0.171% | $420K | $219K | 50x | as long as short |
| Bitget WUSDTlong | +0.0100% | 4h | 0.01171 | long leg | $1.2M | $572K | 50x |
Deribit W_USDC-PERPETUAL
OKX W-USDT-SWAP
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01171 | −0.034% | — | $6.9M | — | as long as short |
| Backpack W_USDC_PERP | +0.0100% | 1h | 0.01173 | +0.162% | $44K | $47K | 15x | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01172 | +0.052% | $71K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01173 | +0.172% | $123K | $409K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01172 | +0.048% | $59K | $276K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0296% | 1h | 0.01173 | +0.179% | $14K | $18K | 50x | as long as short |
| Kraken Futures PF_WUSDshort | +0.0620% | 1h | 0.01174 | +0.283% | $145K | $185K | 20x |
BingX W-USDT
Backpack W_USDC_PERP
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX