Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,063.4 | +0.0571 | pay 0.0071% / 1h | 43m 17s | $236K | $506K | 20x | Long Kraken Futures | |
| SHORT | 1,064.1 | +0.0180 | get 0.0022% / 1h | 43m 17s | $181.3M | $159.3M | 10x | Short tradeXYZ |
Price gap+0.067%
Funding gap−0.0391% /8h
The gap pays +$4 on $10k if it goes back to its 7d average, but funding costs $12 a day and eats that in about 9 hours. At the last 7 days' pace that is about 18 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$2−0.0391% /8h now · paid −0.017% over the last 7D
Price+$4spread +0.067% now, avg +0.024% → +0.043% if it goes back
Costs−$350.351% of $10k · taker + slippage, in and out
Result−$33−0.33%+ Points / potential airdroptradeXYZ: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.017% in total, about −0.0008%/8h on average.
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+0.067%
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
/8hMU on 40 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size21.0 / 1.5 bpAt $10k entering Kraken Futures costs 21.0 bp, fee and slippage, 14.4× tradeXYZ’s.
- Note: Margin at max leverage$500 + $1,000Kraken Futures 20x, tradeXYZ 10x. 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: −$11.74Long Kraken Futures: 24 payments, −$17.14; short tradeXYZ: 24 payments, +$5.40.
- OK: Entry gap works for you+0.067% vs +0.024%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$236K vs $181.3M OIKraken Futures sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- Watch: KYCKraken Futures Yes · tradeXYZ NoFull 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−0.0008%/8h × 21 periods−$1.68
Price spread+0.067% → +0.024% (7d avg)+$4.32
Slippage, 4 orderslive order books−$23.35
Fee Kraken Futures bp × 2 orders−$10.00
Fee tradeXYZ bp × 2 orders−$1.80
Net · 7 days · $10k−$32.51
Costs to cover0.351%Break-evennever at this rate
Slippage: Kraken Futures: live order book, 56 min ago; tradeXYZ: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKraken Futures0.0521.0 bp−$2142.4 bp−$424doesn’t fitdoesn’t fit
SELL · SHORTtradeXYZ0.471.5 bp−$13.0 bp−$307.3 bp−$73124.9 bp−$12.4K
Closing costs about the same again.
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