Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.05373 | +0.0104 | pay 0.0013% / 1h | 18m 00s | $413K | $156K | 25x | Long Extended10% off | |
| SHORT | 0.05383 | +0.0347 | get 0.0043% / 1h | 18m 00s | $357K | $458K | 25x | Short Kraken Futures |
Price gap+0.177%
Funding gap+0.0243% /8h
Both sides work: funding pays +$7 a day on $10k, and the gap is 0.035% above its 7d average: +$4 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$7+0.0243% /8h now · paid +0.072% over the last 7D
Price+$4spread +0.177% now, avg +0.142% → +0.035% if it goes back
Costs−$1081.081% of $10k · taker + slippage, in and out
Result−$97−0.97%no points
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.072% in total, about +0.0034%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.177%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hXPL on 36 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size6.6 / 55.2 bpAt $10k entering Kraken Futures costs 55.2 bp, fee and slippage, 8.4× Extended’s.
- Note: Margin at max leverage$400 + $400Extended 25x, Kraken Futures 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$7.28Long Extended: 24 payments, −$3.12; short Kraken Futures: 24 payments, +$10.40.
- OK: Entry gap works for you+0.177% vs +0.142%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$357K vs $413K OIKraken Futures sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCExtended No · Kraken Futures YesFull verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0034%/8h × 21 periods+$7.21
Price spread+0.177% → +0.142% (7d avg)+$3.52
Slippage, 4 orderslive order books−$93.12
Fee Extended bp × 2 orders−$5.00
Fee Kraken Futures bp × 2 orders−$10.00
Net · 7 days · $10k−$97.39
Costs to cover1.081%Break-even101.6 days
Slippage: Extended: live order book, 25 min ago; Kraken Futures: live order book, 25 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGExtended2.826.6 bp−$718.1 bp−$181doesn’t fitdoesn’t fit
SELL · SHORTKraken Futures19.7155.2 bp−$55doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
Lighter RH
Injective