Funding you earn now, next payment 00:00 UTC−0.1440%/8h= −157.6% APRpaid last 24h −0.076%
Price spread now: KuCoin against Kraken Futures−0.511%7-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 −$43 a day on $10k at the current rate, and KuCoin is 0.511% cheaper against Kraken Futures than usual: you would sell low and buy high (−$51 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZRXUSD | 0.1195 | 0.1204 | pay 0.0150% / 1h | 20m 14s | $39K | $4K | 10x |
| Short | KuCoin ZRXUSDTM | 0.1189 | −0.0236 | pay 0.0118% / 4h | 20m 14s | $326K | $60K | 30x |
Kraken Futures PF_ZRXUSD
KuCoin ZRXUSDTMFunding 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
- −$302.33
- Price spread: −0.511% → 0.000%
- −$51.08
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$375.41
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 41 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 KuCoin live order book, 41 min ago | 16.75 bp | 298.8 bp −$299 | 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.
ZRX 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZRXUSDTMshort | −0.0236% | 4h | 0.1189 | −0.511% | $326K | $60K | 30x | |
| Bybit ZRXUSDT | +0.0008% | 8h | 0.1193 | −0.210% | $1.4M | $341K | 25x | as long as short |
| BloFin ZRX-USDT | +0.0059% | 4h | 0.1191 | −0.343% | $95K | $19K | 50x | as long as short |
| Binance ZRXUSDT | +0.0100% | 4h | 0.1193 | −0.176% | $1.8M | $1.2M | 50x | as long as short |
| OKX ZRX-USDT-SWAP | +0.0100% | 4h | 0.1192 | −0.293% | $529K | $264K | 20x | as long as short |
| Gate ZRX_USDT | +0.0100% | 8h | 0.1194 | −0.084% | $145K | $41K | 75x | as long as short |
| MEXC ZRX_USDT | +0.0100% | 4h | 0.1192 | −0.260% | $893K | $161K | 50x | as long as short |
| Bitget ZRXUSDT | +0.0100% | 4h | 0.1193 | −0.176% | $579K | $120K | 50x | as long as short |
| BingX ZRX-USDT | +0.0100% | 4h | 0.1193 | −0.176% | — | $2.3M | — | as long as short |
| Variational Omni ZRX | +0.0100% | 8h | 0.1192 | −0.248% | $23K | $41K | — | as long as short |
Bybit ZRXUSDT
BloFin ZRX-USDT
Binance ZRXUSDT
OKX ZRX-USDT-SWAP
Gate ZRX_USDT
MEXC ZRX_USDT
Bitget ZRXUSDT
BingX ZRX-USDT
Variational Omni ZRXShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZRXUSDlong | +0.1204% | 1h | 0.1195 | long leg | $39K | $4K | 10x |