Funding you earn now, next payment 06:00 UTC−0.0051%/8h= −5.6% APRpaid last 24h −0.188%
Price spread now: Gate against Kraken Futures−0.406%51s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.406% cheaper against Kraken Futures than usual: you would sell low and buy high (−$41 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XCNUSD | 0.004395 | 0.0151 | pay 0.0019% / 1h | 18m 24s | $2K | $2K | 10x |
| Short | Gate XCN_USDT | 0.004377 | 0.0100 | get 0.0050% / 4h | 2h 18m | $346K | $92K | 10x |
Kraken Futures PF_XCNUSD
Gate XCN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$10.8
- Price spread: −0.406% → 0.000%
- −$40.64
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$76.44
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Gate: live order book, 27 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Gate live order book, 27 min ago | 9.10 bp | 1781.0 bp −$1,781 | doesn't fit | doesn't fit | doesn't fit |
Kraken Futures: 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.
XCN on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster XCNUSDT | +0.0100% | 1h | 0.004398 | +0.061% | $9K | $3K | 3x | as long as short |
| Bybit XCNUSDT | +0.0100% | 4h | 0.004398 | +0.071% | $1.0M | $1.5M | 5x | as long as short |
| Gate XCN_USDTshort | +0.0100% | 4h | 0.004377 | −0.406% | $346K | $92K | 10x | |
| MEXC XCN_USDT | +0.0100% | 4h | 0.004387 | −0.179% | $2.3M | $164K | 20x | as long as short |
| BingX XCN-USDT | +0.0100% | 4h | 0.004395 | +0.003% | — | $1.6M | — | as long as short |
| Variational Omni XCN | +0.0100% | 4h | 0.004381 | −0.321% | $10K | $511 | — | as long as short |
| Kraken Futures PF_XCNUSDlong | +0.0151% | 1h | 0.004395 | long leg | $2K | $2K | 10x |
Aster XCNUSDT
Bybit XCNUSDT
MEXC XCN_USDT
BingX XCN-USDT
Variational Omni XCN