Funding you earn now, next payment 02:00 UTC+0.0396%/8h= +43.4% APRnext payment +$0.50 per $10,000 · paid last 24h +0.097%
Price spread now: tradeXYZ against Kraken Futures+0.072%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$12 a day on $10k at the current rate, and tradeXYZ is 0.072% dearer against Kraken Futures than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_EURUSD | 1.1471 | −0.0211 | get 0.0026% / 1h | 59m 11s | $3K | — | 50x |
| Short | tradeXYZ xyz:EUR | 1.1479 | 0.0186 | get 0.0023% / 1h | 59m 11s | $23.2M | $1.9M | 50x |
Kraken Futures PF_EURUSD
tradeXYZ xyz:EURFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $83.24
- Price spread: +0.072% → 0.000%
- $7.16
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $62.4
- Costs to cover
- 0.280%
- Break-even
- 1.8 days
Slippage unknown: Kraken Futures: no order-book sample; tradeXYZ: live order book, 10 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 tradeXYZ live order book, 10 min ago | 1.31 bp | 13.1 bp −$13 | 15.9 bp −$159 | 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.
EUR on 18 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_EURUSDlong | −0.0211% | 1h | 1.1471 | long leg | $3K | — | 50x | |
| MEXC EUR_USDT | −0.0134% | 4h | 1.1473 | +0.019% | $6.8M | $138K | 100x | as long as short |
| Nado EURUSD-PERP | −0.0005% | 1h | 1.1473 | +0.022% | $467K | $175K | 40x | as long as short |
| Lighter EURUSD | 0.0000% | 1h | 1.1479 | +0.070% | $2.1M | $441K | 50x | as long as short |
| Bybit EURUSDUSDT | 0.0000% | 8h | 1.1471 | −0.002% | $584K | $279K | 100x | as long as short |
| Gate EURUSD_USDT | 0.0000% | 8h | 1.1476 | +0.045% | $142K | $4K | 100x | as long as short |
| Bitget EURUSDUSDT | 0.0000% | 8h | 1.1473 | +0.019% | $251K | $20K | 100x | as long as short |
| Orderly PERP_EURUSD_USDC | 0.0000% | 8h | 1.1470 | −0.007% | $198K | $111K | 50x | as long as short |
| SunX EURUSD-USDT | 0.0000% | 1h | 1.1479 | +0.072% | — | $2.5M | 10x | as long as short |
| HTX EURUSD-USDT | 0.0000% | 1h | 1.1479 | +0.072% | $13K | $258K | 20x | as long as short |
MEXC EUR_USDT
Nado EURUSD-PERP
Lighter EURUSD
Bybit EURUSDUSDT
Gate EURUSD_USDT
Bitget EURUSDUSDT
Orderly PERP_EURUSD_USDC
SunX EURUSD-USDT
HTX EURUSD-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended EUR-USD | +0.0032% | 1h | 1.1470 | −0.006% | $6.7M | $1.3M | 100x | as long as short |
| Injective EURUSD/USDC PERP | +0.0033% | 1h | 1.1470 | −0.003% | $9K | $78K | 101x | as long as short |
| Hibachi EUR/USDT-P | +0.0040% | 1h | 1.1470 | −0.006% | $160K | $8.3M | 30x | as long as short |
| Vest EUR-USD-PERP | +0.0046% | 1h | 1.1502 | +0.269% | — | $264K | 100x | as long as short |
| Pacifica EURUSD | +0.0100% | 1h | 1.1471 | +0.006% | $190K | $126K | 50x | as long as short |
| Aevo EURUSD-PERP | +0.0104% | 1h | 1.1478 | +0.065% | $12K | — | 10x | as long as short |
| Hotstuff EURUSD-PERP | +0.0176% | 1h | 1.1480 | +0.080% | $33K | — | 50x | as long as short |
| tradeXYZ xyz:EURshort | +0.0186% | 1h | 1.1479 | +0.072% | $23.2M | $1.9M | 50x |
Extended EUR-USD
Injective EURUSD/USDC PERP
Hibachi EUR/USDT-P
Vest EUR-USD-PERP
Pacifica EURUSD
Aevo EURUSD-PERP
Hotstuff EURUSD-PERP