Funding you earn now, next payment 01:00 UTC+0.1222%/8h= +133.8% APRpaid last 24h +0.009%
Price spread now: Kraken Futures against KuCoin+0.038%7-day average +0.116% · you sell dearer than you buy
Net, funding: paid 7d − costs−$346as in the Funding arb table
Net, price: spread back to 7d avg − costs−$361as in the Price arb table
costs, in and out, $10k−$3533.530% of the position
Funding, last 7 days+0.068%+$7 on $10k
+Price spread, last 3 days (all we have)−0.212%−$21 · spread now +0.038%, 7d avg +0.116%
=Funding pays, the price is against you. Kraken Futures is 0.078% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.038% now, against its 7-day average of +0.116%). If the spread goes back, that is −$8 on $10k: about 5 hours of funding at the current rate (+$37 a day). At the pace of the last 7 days (+0.068% in total) that is about 8.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.068% in total (about 3.5% 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 | KuCoin WUSDTM | 0.01189 | 0.0100 | pay 0.0050% / 4h | 3h 34m | $457K | $217K | 50x |
| Short | Kraken Futures PF_WUSD | 0.01189 | 0.1322 | get 0.0165% / 1h | 34m 08s | $147K | $181K | 20x |
KuCoin WUSDTM
Kraken Futures PF_WUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against KuCoin. 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
- $256.64
- Price spread: +0.038% → +0.116%
- −$7.79
- Slippage, 4 orders
- −$330.95
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$104.09
- Costs to cover
- 3.530%
- Break-even
- 9.8 days
Slippage from KuCoin: live order book, 18 min ago; Kraken Futures: live order book, 38 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 KuCoin live order book, 18 min ago | 12.62 bp | 112.1 bp −$112 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 38 min ago | 11.42 bp | 45.4 bp −$45 | 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 | −0.0424% | 1h | 0.01187 | −0.185% | $16K | $2K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +1.682% | $1K | $1K | 12x | as long as short |
| OKX W-USDT-SWAP | +0.0083% | 4h | 0.01185 | −0.303% | $1.3M | $2.0M | 20x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01187 | −0.168% | $2.0M | $412K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01186 | −0.212% | $3.0M | $6.8M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01185 | −0.294% | $4.1M | $1.9M | 50x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01187 | −0.202% | $448K | $284K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01187 | −0.185% | $12.9M | $1.5M | 50x | as long as short |
| KuCoin WUSDTMlong | +0.0100% | 4h | 0.01189 | long leg | $457K | $217K | 50x | |
| Bitget WUSDT | +0.0100% | 4h | 0.01186 | −0.252% | $1.3M | $570K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
OKX W-USDT-SWAP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
Gate W_USDT
MEXC W_USDT
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 | 0.01186 | −0.219% | — | $6.9M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01186 | −0.259% | $71K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01186 | −0.252% | $125K | $375K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01187 | −0.205% | $61K | $305K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0280% | 1h | 0.01191 | +0.177% | $14K | $16K | 50x | as long as short |
| Kraken Futures PF_WUSDshort | +0.1322% | 1h | 0.01189 | +0.038% | $147K | $181K | 20x | |
| Backpack W_USDC_PERP | +0.1332% | 1h | 0.01188 | −0.050% | $44K | $44K | 15x | as long as short |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP