Funding you earn now, next payment 05:00 UTC+0.2182%/8h= +238.9% APRnext payment +$2.73 per $10,000 · paid last 24h +0.274%
Price spread now: Kraken Futures against Deribit+0.321%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 +$65 a day on $10k at the current rate, and Kraken Futures is 0.321% dearer against Deribit than usual: you sell high and buy low: +$32 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 | Deribit W_USDC-PERPETUAL | 0.01187 | −0.0424 | get 0.0053% / 1h | 57m 00s | $15K | $3K | 10x |
| Short | Kraken Futures PF_WUSD | 0.01191 | 0.1758 | get 0.0220% / 1h | 57m 00s | $147K | $184K | 20x |
Deribit W_USDC-PERPETUAL
Kraken Futures PF_WUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Deribit. 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
- $458.15
- Price spread: +0.321% → 0.000%
- $32.08
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $473.23
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: Deribit: no order-book sample; Kraken Futures: live order book, 60 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 60 min ago | 13.91 bp | 62.1 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
Deribit: 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.
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-PERPETUALlong | −0.0424% | 1h | 0.01187 | long leg | $15K | $3K | 10x | |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +1.862% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01186 | −0.076% | $2.0M | $332K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01187 | −0.009% | $3.0M | $6.3M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01187 | +0.025% | $4.2M | $1.8M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01186 | −0.093% | $1.3M | $1.8M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01189 | +0.177% | $450K | $210K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01187 | −0.034% | $12.8M | $1.3M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01187 | +0.008% | $376K | $210K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01187 | +0.008% | $1.3M | $567K | 50x | as long as short |
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
OKX W-USDT-SWAP
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01188 | +0.084% | — | $6.8M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01188 | +0.071% | $72K | $41K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01188 | +0.091% | $128K | $402K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01186 | −0.036% | $62K | $230K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0440% | 1h | 0.01195 | +0.716% | $14K | $15K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.1755% | 1h | 0.01189 | +0.177% | $44K | $43K | 15x | as long as short |
| Kraken Futures PF_WUSDshort | +0.1758% | 1h | 0.01191 | +0.321% | $147K | $184K | 20x |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP