Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 641.42 | 0 | 0.0000% / 1h | 28m 35s | $510K | $15K | 20x | Long Extended10% off | |
| SHORT | 640.89 | +0.0609 | get 0.0076% / 1h | 28m 35s | $272K | $31K | 20x | Short Kraken Futures |
Price gap−0.084%
Funding gap+0.0609% /8h
Funding pays +$18 a day on $10k, but the gap is 0.051% under its 7d average: −$5 if it goes back, about 7 hours of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$65+0.0609% /8h now · paid +0.649% over the last 7D
Price−$5spread −0.084% now, avg −0.033% → −0.051% if it goes back
Costs−$450.446% of $10k · taker + slippage, in and out
Result+$15+0.15%+ Points / potential airdropExtended: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.084%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hMETA on 44 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size5.3 / 19.2 bpAt $10k entering Kraken Futures costs 19.2 bp, fee and slippage, 3.6× Extended’s.
- Note: Margin at max leverage$500 + $500Extended 20x, Kraken Futures 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$18.28Long Extended: 24 payments, $0.00; short Kraken Futures: 24 payments, +$18.28.
- Watch: Gap narrower than usual−0.084% vs −0.033%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$272K vs $510K OIKraken Futures sets your exit cost. Check its book before closing.
- OK: Points on a legExtended pointsVolume here counts toward the points program.
- Watch: KYCExtended No · Kraken Futures YesFull verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0309%/8h × 21 periods+$64.88
Price spread−0.084% → −0.033% (7d avg)−$5.08
Slippage, 4 orderslive order books−$29.63
Fee Extended bp × 2 orders−$5.00
Fee Kraken Futures bp × 2 orders−$10.00
Net · 7 days · $10k+$15.16
Costs to cover0.446%Break-even5.4 days
Slippage: Extended: live order book, 44 min ago; Kraken Futures: live order book, 43 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGExtended0.235.3 bp−$529.7 bp−$297doesn’t fitdoesn’t fit
SELL · SHORTKraken Futures4.0619.2 bp−$1960.8 bp−$608doesn’t fitdoesn’t fit
Closing costs about the same again.
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