Funding you earn now, next payment 05:00 UTC−0.1670%/8h= −182.9% APRpaid last 24h −0.112%
Price spread now: Bitget against Kraken Futures−0.233%7-day average −0.132% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,923as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,919as in the Price arb table
costs, in and out, $10k−$1,90919.092% of the position
Funding, last 7 days−0.133%−$13 on $10k
+Price spread, last 4 days (all we have)+0.445%+$45 · spread now −0.233%, 7d avg −0.132%
=Both sides work against this trade now: funding costs −$50 a day on $10k at the current rate, and Bitget is 0.101% cheaper against Kraken Futures than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.132%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.133% in total (about -6.9% 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_WUSD | 0.01183 | 0.1770 | pay 0.0221% / 1h | 12m 38s | $147K | $185K | 20x |
| Short | Bitget WUSDT | 0.01180 | 0.0100 | get 0.0050% / 4h | 3h 12m | $1.3M | $541K | 50x |
Kraken Futures PF_WUSD
Bitget WUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$350.69
- Price spread: −0.233% → −0.132%
- −$10.07
- Slippage, 4 orders
- −$1,887.22
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$2,269.98
- Costs to cover
- 19.092%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 40 min ago; Bitget: live order book, 4 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, 40 min ago | 13.03 bp | 1766.8 bp −$1,767 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 8.45 bp | 41.6 bp −$42 | 138.7 bp −$1,387 | 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 | 0.0000% | 1h | 0.01181 | −0.165% | $15K | $3K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.219% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01181 | −0.148% | $2.0M | $318K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01180 | −0.243% | $2.9M | $5.7M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01179 | −0.360% | $4.1M | $1.7M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01179 | −0.300% | $1.3M | $1.7M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01178 | −0.368% | $434K | $257K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01181 | −0.165% | $12.7M | $1.3M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01181 | −0.148% | $381K | $200K | 50x | as long as short |
| Bitget WUSDTshort | +0.0100% | 4h | 0.01180 | −0.233% | $1.3M | $541K | 50x |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
OKX W-USDT-SWAP
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 | 0.01180 | −0.267% | — | $6.7M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01181 | −0.153% | $71K | $39K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01180 | −0.233% | $127K | $386K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01180 | −0.203% | $61K | $198K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0440% | 1h | 0.01180 | −0.207% | $14K | $13K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.1399% | 1h | 0.01182 | −0.047% | $44K | $42K | 15x | as long as short |
| Kraken Futures PF_WUSDlong | +0.1770% | 1h | 0.01183 | long leg | $147K | $185K | 20x |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP