Funding you earn now, next payment 09:00 UTC−0.0574%/8h= −62.8% APRpaid last 24h −0.126%
Price spread now: Kraken Futures against Bitget+0.214%7-day average +0.142% · you sell dearer than you buy
Net, funding: paid 7d − costs−$184as in the Funding arb table
Net, price: spread back to 7d avg − costs−$148as in the Price arb table
costs, in and out, $10k−$1551.551% of the position
Funding, last 7 days−0.285%−$28 on $10k
+Price spread, last 4 days (all we have)−0.065%−$6 · spread now +0.214%, 7d avg +0.142%
=The price spread pays, funding is against you. Kraken Futures is 0.072% dearer against Bitget than usual: you sell high and buy low (spread +0.214% now, against its 7-day average of +0.142%): +$7 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.285% in total) that is about 43 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.285% in total (about -14.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget COMPUSDT | 22.510 | 0.0100 | pay 0.0100% / 8h | 7h 51m | $1.9M | $615K | 75x |
| Short | Kraken Futures PF_COMPUSD | 22.558 | −0.0474 | pay 0.0059% / 1h | 51m 16s | $223K | $96K | 20x |
Bitget COMPUSDT
Kraken Futures PF_COMPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. 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
- −$120.45
- Price spread: +0.214% → +0.142%
- $7.25
- Slippage, 4 orders
- −$133.12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$268.32
- Costs to cover
- 1.551%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 min ago; Kraken Futures: live order book, 46 min ago.
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 Bitget live order book, 1 min ago | 2.22 bp | 38.7 bp −$39 | 93.5 bp −$935 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 46 min ago | 31.52 bp | 49.1 bp −$49 | 104.0 bp −$1,040 | doesn't fit | doesn't fit |
COMP on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit COMP_USDC-PERPETUAL | −0.0637% | 1h | 22.520 | +0.044% | $284 | $507 | 50x | as long as short |
| Kraken Futures PF_COMPUSDshort | −0.0474% | 1h | 22.558 | +0.214% | $223K | $96K | 20x | |
| dYdX COMP-USD | 0.0000% | 1h | 22.556 | +0.205% | $68K | — | 5x | as long as short |
| Injective COMP/USDC PERP | +0.0033% | 1h | 22.820 | +1.377% | $1K | $13K | 12x | as long as short |
| BloFin COMP-USDT | +0.0091% | 8h | 22.520 | +0.044% | $234K | $178K | 20x | as long as short |
| Hyperliquid COMP | +0.0100% | 1h | 22.557 | +0.207% | $815K | $340K | 5x | as long as short |
| Binance COMPUSDT | +0.0100% | 8h | 22.514 | +0.019% | $4.2M | $6.6M | 75x | as long as short |
| Bybit COMPUSDT | +0.0100% | 8h | 22.530 | +0.089% | $3.8M | $1.6M | 75x | as long as short |
| OKX COMP-USDT-SWAP | +0.0100% | 8h | 22.530 | +0.089% | $1.7M | $2.3M | 20x | as long as short |
| Gate COMP_USDT | +0.0100% | 8h | 22.540 | +0.133% | $220K | $58K | 25x | as long as short |
Deribit COMP_USDC-PERPETUAL
dYdX COMP-USD
Injective COMP/USDC PERP
BloFin COMP-USDT
Hyperliquid COMP
Binance COMPUSDT
Bybit COMPUSDT
OKX COMP-USDT-SWAP
Gate COMP_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC COMP_USDT | +0.0100% | 8h | 22.540 | +0.133% | $2.6M | $819K | 20x | as long as short |
| KuCoin COMPUSDTM | +0.0100% | 8h | 22.540 | +0.133% | $407K | $112K | 30x | as long as short |
| Bitget COMPUSDTlong | +0.0100% | 8h | 22.510 | long leg | $1.9M | $615K | 75x | |
| BingX COMP-USDT | +0.0100% | 8h | 22.530 | +0.089% | — | $14.1M | — | as long as short |
| Variational Omni COMP | +0.0100% | 8h | 22.471 | −0.172% | $14K | $24K | — | as long as short |
| Coinbase International COMP-PERP-INTX | +0.0792% | 1h | 22.620 | +0.489% | $16K | $43K | 25x | as long as short |
MEXC COMP_USDT
KuCoin COMPUSDTM
BingX COMP-USDT
Variational Omni COMP
Coinbase International COMP-PERP-INTX