Funding you earn now, next payment 03:00 UTC+0.0675%/8h= +73.9% APRpaid last 24h +0.068%
Price spread now: KuCoin against Kraken Futures−0.124%7-day average −0.151% · you buy dearer than you sell
Net, funding: paid 7d − costs−$171as in the Funding arb table
Net, price: spread back to 7d avg − costs−$192as in the Price arb table
costs, in and out, $10k−$1951.946% of the position
Funding, last 7 days+0.236%+$24 on $10k
+Price spread, last 3 days (all we have)−0.097%−$10 · spread now −0.124%, 7d avg −0.151%
=Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and KuCoin is 0.027% dearer against Kraken Futures than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.151%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.236% in total (about 12.3% 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_XTZUSD | 0.3398 | −0.0575 | get 0.0072% / 1h | 58m 01s | $272K | $235K | 50x |
| Short | KuCoin XTZUSDTM | 0.3394 | 0.0100 | get 0.0050% / 4h | 1h 58m | $637K | $188K | 30x |
Kraken Futures PF_XTZUSD
KuCoin XTZUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $141.82
- Price spread: −0.124% → −0.151%
- $2.72
- Slippage, 4 orders
- −$172.63
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$50.08
- Costs to cover
- 1.946%
- Break-even
- 9.5 days
Slippage from Kraken Futures: live order book, 5 min ago; KuCoin: live order book, 40 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, 5 min ago | 2.94 bp | 24.5 bp −$24 | 97.6 bp −$976 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 40 min ago | 5.94 bp | 73.3 bp −$73 | 566.8 bp −$5,668 | doesn't fit | doesn't fit |
XTZ on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XTZUSDlong | −0.0575% | 1h | 0.3398 | long leg | $272K | $235K | 50x | |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +2.525% | $62 | $17K | 5.5x | as long as short |
| Binance XTZUSDT | +0.0100% | 4h | 0.3387 | −0.331% | $4.7M | $9.8M | 75x | as long as short |
| Bybit XTZUSDT | +0.0100% | 4h | 0.3389 | −0.271% | $2.7M | $2.9M | 75x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3386 | −0.359% | $1.2M | $1.3M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3393 | −0.153% | $627K | $167K | 75x | as long as short |
| MEXC XTZ_USDT | +0.0100% | 4h | 0.3388 | −0.300% | $2.1M | $634K | 100x | as long as short |
| KuCoin XTZUSDTMshort | +0.0100% | 4h | 0.3394 | −0.124% | $637K | $188K | 30x | |
| Bitget XTZUSDT | +0.0100% | 4h | 0.3388 | −0.300% | $916K | $962K | 75x | as long as short |
| BingX XTZ-USDT | +0.0100% | 4h | 0.3376 | −0.654% | — | $1.1M | — | as long as short |
Injective XTZ/USDC PERP
Binance XTZUSDT
Bybit XTZUSDT
OKX XTZ-USDT-SWAP
Gate XTZ_USDT
MEXC XTZ_USDT
Bitget XTZUSDT
BingX XTZ-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni XTZ | +0.0100% | 4h | 0.3389 | −0.274% | $85K | $331K | — | as long as short |
Variational Omni XTZ