Funding you earn now, next payment 12:00 UTC−0.0360%/8h= −39.4% APRnext payment −$0.45 per $10,000 · paid last 24h −0.043%
Price spread now: Kraken Futures against Hibachi−0.039%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
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Kraken Futures is 0.039% cheaper against Hibachi than usual: you would sell low and buy high (−$4 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 | Hibachi EUR/USDT-P | 1.1467 | 0.0248 | pay 0.0031% / 1h | 55m 35s | $216K | $8.5M | 30x |
| Short | Kraken Futures PF_EURUSD | 1.1463 | −0.0112 | pay 0.0014% / 1h | 55m 35s | $3K | — | 50x |
Hibachi EUR/USDT-P
Kraken Futures PF_EURUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Hibachi. 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
- −$75.59
- Price spread: −0.039% → 0.000%
- −$3.92
- Slippage, 4 orders
- no order book: not counted
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$98.51
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hibachi: live order book, 2 min ago; Kraken Futures: no order-book sample. 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 Hibachi live order book, 2 min ago | 0.04 bp | 4.5 bp −$5 | 12.3 bp −$123 | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
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.
EUR on 18 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff EURUSD-PERP | −0.0800% | 1h | 1.1470 | +0.023% | $33K | — | 50x | as long as short |
| MEXC EUR_USDT | −0.0146% | 4h | 1.1467 | −0.003% | $6.8M | $144K | 100x | as long as short |
| Kraken Futures PF_EURUSDshort | −0.0112% | 1h | 1.1463 | −0.039% | $3K | — | 50x | |
| Nado EURUSD-PERP | −0.0021% | 1h | 1.1470 | +0.027% | $191K | $293K | 40x | as long as short |
| Lighter EURUSD | 0.0000% | 1h | 1.1475 | +0.063% | $2.1M | $501K | 50x | as long as short |
| Bybit EURUSDUSDT | 0.0000% | 8h | 1.1485 | +0.155% | $625K | $351K | 100x | as long as short |
| Gate EURUSD_USDT | 0.0000% | 8h | 1.1473 | +0.049% | $144K | $4K | 100x | as long as short |
| Bitget EURUSDUSDT | 0.0000% | 8h | 1.1477 | +0.084% | $261K | $26K | 100x | as long as short |
| Orderly PERP_EURUSD_USDC | 0.0000% | 8h | 1.1466 | −0.012% | $247K | $122K | 50x | as long as short |
| SunX EURUSD-USDT | 0.0000% | 1h | 1.1471 | +0.032% | — | $1.6M | 10x | as long as short |
Hotstuff EURUSD-PERP
MEXC EUR_USDT
Nado EURUSD-PERP
Lighter EURUSD
Bybit EURUSDUSDT
Gate EURUSD_USDT
Bitget EURUSDUSDT
Orderly PERP_EURUSD_USDC
SunX EURUSD-USDTShow all 18 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX EURUSD-USDT | 0.0000% | 1h | 1.1474 | +0.058% | $12K | $271K | 20x | as long as short |
| Extended EUR-USD | +0.0032% | 1h | 1.1465 | −0.018% | $6.8M | $1.3M | 100x | as long as short |
| Injective EURUSD/USDC PERP | +0.0033% | 1h | 1.1466 | −0.009% | $9K | $78K | 101x | as long as short |
| Vest EUR-USD-PERP | +0.0046% | 1h | 1.1498 | +0.267% | — | $190K | 100x | as long as short |
| tradeXYZ xyz:EUR | +0.0074% | 1h | 1.1470 | +0.023% | $22.9M | $1.7M | 50x | as long as short |
| Pacifica EURUSD | +0.0100% | 1h | 1.1466 | −0.015% | $196K | $64K | 50x | as long as short |
| Aevo EURUSD-PERP | +0.0104% | 1h | 1.1471 | +0.036% | $12K | — | 10x | as long as short |
| Hibachi EUR/USDT-Plong | +0.0248% | 1h | 1.1467 | long leg | $216K | $8.5M | 30x |
HTX EURUSD-USDT
Extended EUR-USD
Injective EURUSD/USDC PERP
Vest EUR-USD-PERP
tradeXYZ xyz:EUR
Pacifica EURUSD
Aevo EURUSD-PERP