Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.05370 | +0.0348 | pay 0.0043% / 1h | 8m 01s | $357K | $459K | 25x | Long Kraken Futures | |
| SHORT | 0.05360 | +0.0104 | get 0.0013% / 1h | 8m 01s | $415K | $156K | 25x | Short Extended10% off |
Price gap−0.177%
Funding gap−0.0244% /8h
Both sides work against this direction now: funding costs $7 a day on $10k and the gap is 0.035% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$7−0.0244% /8h now · paid −0.072% over the last 7D
Price−$4spread −0.177% now, avg −0.141% → −0.035% if it goes back
Costs−$1081.081% of $10k · taker + slippage, in and out
Result−$119−1.19%no points
The current funding rate is far below 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
1 ok · 4 to watch- Watch: Thin at this size38.6 / 7.7 bpAt $10k entering Kraken Futures costs 38.6 bp, fee and slippage, 5.0× Extended’s.
- Note: Margin at max leverage$400 + $400Kraken Futures 25x, Extended 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: −$7.31Long Kraken Futures: 24 payments, −$10.43; short Extended: 24 payments, +$3.12.
- Watch: Gap narrower than usual−0.177% vs −0.141%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$357K vs $415K OIKraken Futures sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCKraken Futures Yes · Extended NoFull 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% → −0.141% (7d avg)−$3.55
Slippage, 4 orderslive order books−$93.12
Fee Kraken Futures bp × 2 orders−$10.00
Fee Extended bp × 2 orders−$5.00
Net · 7 days · $10k−$118.88
Costs to cover1.081%Break-evennever at this rate
Slippage: Kraken Futures: live order book, 35 min ago; Extended: live order book, 35 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKraken Futures19.7138.6 bp−$396503.4 bp−$65.0Kdoesn’t fitdoesn’t fit
SELL · SHORTExtended2.827.7 bp−$819.3 bp−$193doesn’t fitdoesn’t fit
Closing costs about the same again.
Lighter RH
Injective