Funding you earn now, next payment 10:00 UTC−0.0545%/8h= −59.6% APRpaid last 24h −0.379%
Price spread now: Bitget against Kraken Futures−0.039%48s7-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
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Bitget is 0.039% cheaper against Kraken Futures 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. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_CFXUSD | 0.05318 | 0.0645 | pay 0.0081% / 1h | 18m 30s | $32K | $9K | 20x |
| Short | Bitget CFXUSDT | 0.05316 | 0.0100 | get 0.0100% / 8h | 6h 18m | $1.6M | $1.1M | 75x |
Kraken Futures PF_CFXUSD
Bitget CFXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$114.37
- Price spread: −0.039% → 0.000%
- −$3.92
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$140.29
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Bitget: live order book, 1 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 Bitget live order book, 1 min ago | 2.82 bp | 17.3 bp −$17 | 49.6 bp −$496 | 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.
CFX on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CFXUSDT | +0.0100% | 8h | 0.05316 | −0.046% | $4K | $33K | 5x | as long as short |
| Binance CFXUSDT | +0.0100% | 8h | 0.05317 | −0.025% | $5.2M | $8.8M | 75x | as long as short |
| Bybit CFXUSDT | +0.0100% | 8h | 0.05318 | −0.002% | $2.5M | $1.3M | 25x | as long as short |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05318 | −0.002% | $2.5M | $4.8M | 20x | as long as short |
| Gate CFX_USDT | +0.0100% | 8h | 0.05316 | −0.039% | $1.1M | $1.9M | 50x | as long as short |
| MEXC CFX_USDT | +0.0100% | 8h | 0.05316 | −0.039% | $3.9M | $1.9M | 125x | as long as short |
| KuCoin CFXUSDTM | +0.0100% | 8h | 0.05316 | −0.039% | $834K | $235K | 75x | as long as short |
| Bitget CFXUSDTshort | +0.0100% | 8h | 0.05316 | −0.039% | $1.6M | $1.1M | 75x | |
| BingX CFX-USDT | +0.0100% | 8h | 0.05318 | −0.002% | — | $22.6M | — | as long as short |
| Variational Omni CFX | +0.0100% | 8h | 0.05320 | +0.034% | $35K | $48K | — | as long as short |
Aster CFXUSDT
Binance CFXUSDT
Bybit CFXUSDT
OKX CFX-USDT-SWAP
Gate CFX_USDT
MEXC CFX_USDT
KuCoin CFXUSDTM
BingX CFX-USDT
Variational Omni CFXShow all 16 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT CFX_USDT_Perp | +0.0100% | 8h | 0.05318 | −0.009% | $503K | $1.4M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05314 | −0.069% | $4K | $257K | 10x | as long as short |
| Coinbase International CFX-PERP-INTX | +0.0320% | 1h | 0.05329 | +0.205% | $36K | $109K | 50x | as long as short |
| Hyperliquid CFX | +0.0363% | 1h | 0.05332 | +0.267% | $3.2M | $394K | 5x | as long as short |
| Kraken Futures PF_CFXUSDlong | +0.0645% | 1h | 0.05318 | long leg | $32K | $9K | 20x | |
| Deribit CFX_USDC-PERPETUAL | +0.1819% | 1h | 0.05327 | +0.168% | $141 | $29 | 10x | as long as short |
GRVT CFX_USDT_Perp
Extended CFX-USD
Coinbase International CFX-PERP-INTX
Hyperliquid CFX
Deribit CFX_USDC-PERPETUAL