Funding you earn now, next payment 06:00 UTC−0.0271%/8h= −29.7% APRnext payment −$0.34 per $10,000 · paid last 24h −0.067%
Price spread now: Kraken Futures against tradeXYZ−0.081%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 −$8 a day on $10k at the current rate, and Kraken Futures is 0.081% cheaper against tradeXYZ than usual: you would sell low and buy high (−$8 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 | tradeXYZ xyz:EUR | 1.1482 | 0.0139 | pay 0.0017% / 1h | 7m 15s | $23.3M | $1.6M | 50x |
| Short | Kraken Futures PF_EURUSD | 1.1473 | −0.0132 | pay 0.0017% / 1h | 7m 15s | $3K | — | 50x |
tradeXYZ xyz:EUR
Kraken Futures PF_EURUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against tradeXYZ. 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
- −$56.93
- Price spread: −0.081% → 0.000%
- −$8.12
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$93.05
- Costs to cover
- 0.280%
- Break-even
- never at this rate
Slippage unknown: tradeXYZ: live order book, 12 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 tradeXYZ live order book, 12 min ago | 1.74 bp | 11.1 bp −$11 | 15.4 bp −$154 | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC EUR_USDT | −0.0158% | 4h | 1.1478 | −0.035% | $6.8M | $135K | 100x | as long as short |
| Kraken Futures PF_EURUSDshort | −0.0132% | 1h | 1.1473 | −0.081% | $3K | — | 50x | |
| Lighter EURUSD | 0.0000% | 1h | 1.1485 | +0.030% | $2.2M | $432K | 50x | as long as short |
| Bybit EURUSDUSDT | 0.0000% | 8h | 1.1490 | +0.072% | $579K | $312K | 100x | as long as short |
| Gate EURUSD_USDT | 0.0000% | 8h | 1.1478 | −0.035% | $144K | $5K | 100x | as long as short |
| Bitget EURUSDUSDT | 0.0000% | 8h | 1.1476 | −0.052% | $261K | $25K | 100x | as long as short |
| Orderly PERP_EURUSD_USDC | 0.0000% | 8h | 1.1472 | −0.087% | $198K | $73K | 50x | as long as short |
| SunX EURUSD-USDT | 0.0000% | 1h | 1.1481 | −0.009% | — | $2.4M | 10x | as long as short |
| HTX EURUSD-USDT | 0.0000% | 1h | 1.1480 | −0.017% | $12K | $263K | 20x | as long as short |
| Extended EUR-USD | +0.0032% | 1h | 1.1473 | −0.080% | $6.8M | $1.2M | 100x | as long as short |
MEXC EUR_USDT
Lighter EURUSD
Bybit EURUSDUSDT
Gate EURUSD_USDT
Bitget EURUSDUSDT
Orderly PERP_EURUSD_USDC
SunX EURUSD-USDT
HTX EURUSD-USDT
Extended EUR-USDShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective EURUSD/USDC PERP | +0.0033% | 1h | 1.1466 | −0.136% | $9K | $78K | 101x | as long as short |
| Hibachi EUR/USDT-P | +0.0040% | 1h | 1.1475 | −0.057% | $193K | $8.3M | 30x | as long as short |
| Vest EUR-USD-PERP | +0.0046% | 1h | 1.1505 | +0.198% | — | $264K | 100x | as long as short |
| Nado EURUSD-PERP | +0.0060% | 1h | 1.1476 | −0.055% | $467K | $153K | 40x | as long as short |
| Pacifica EURUSD | +0.0100% | 1h | 1.1477 | −0.044% | $191K | $63K | 50x | as long as short |
| Aevo EURUSD-PERP | +0.0104% | 1h | 1.1483 | +0.006% | $12K | — | 10x | as long as short |
| Hotstuff EURUSD-PERP | +0.0128% | 1h | 1.1481 | −0.009% | $33K | — | 50x | as long as short |
| tradeXYZ xyz:EURlong | +0.0139% | 1h | 1.1482 | long leg | $23.3M | $1.6M | 50x |
Injective EURUSD/USDC PERP
Hibachi EUR/USDT-P
Vest EUR-USD-PERP
Nado EURUSD-PERP
Pacifica EURUSD
Aevo EURUSD-PERP
Hotstuff EURUSD-PERP