Funding you earn now, next payment 00:00 UTC−0.0820%/8h= −89.7% APRpaid last 24h −0.059%
Price spread now: Kraken Futures against Gate+0.234%7-day average +0.134% · you sell dearer than you buy
Net, funding: paid 7d − costs−$250as in the Funding arb table
Net, price: spread back to 7d avg − costs−$211as in the Price arb table
costs, in and out, $10k−$2212.209% of the position
Funding, last 7 days−0.289%−$29 on $10k
+Price spread, last 3 days (all we have)−0.097%−$10 · spread now +0.234%, 7d avg +0.134%
=The price spread pays, funding is against you. Kraken Futures is 0.100% dearer against Gate than usual: you sell high and buy low (spread +0.234% now, against its 7-day average of +0.134%): +$10 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.289% in total) that is about 2.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.289% in total (about -15.1% 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 | Gate COMP_USDT | 22.670 | 0.0100 | pay 0.0100% / 8h | 47m 07s | $222K | $70K | 25x |
| Short | Kraken Futures PF_COMPUSD | 22.723 | −0.0720 | pay 0.0090% / 1h | 47m 07s | $239K | $62K | 20x |
Gate COMP_USDT
Kraken Futures PF_COMPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. 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
- −$172.12
- Price spread: +0.234% → +0.134%
- $9.98
- Slippage, 4 orders
- −$195.92
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$383.06
- Costs to cover
- 2.209%
- Break-even
- never at this rate
Slippage from Gate: live order book, 24 min ago; Kraken Futures: live order book, 30 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 Gate live order book, 24 min ago | 6.69 bp | 75.0 bp −$75 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 30 min ago | 10.24 bp | 30.1 bp −$30 | 95.1 bp −$951 | 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 | −0.1070% | 1h | 22.690 | +0.088% | $331 | $327 | 50x | as long as short |
| Kraken Futures PF_COMPUSDshort | −0.0720% | 1h | 22.723 | +0.234% | $239K | $62K | 20x | |
| dYdX COMP-USD | 0.0000% | 1h | 22.717 | +0.208% | $69K | — | 5x | as long as short |
| Injective COMP/USDC PERP | +0.0033% | 1h | 22.340 | −1.456% | $2K | $13K | 12x | as long as short |
| Hyperliquid COMP | +0.0100% | 1h | 22.708 | +0.168% | $852K | $491K | 5x | as long as short |
| Binance COMPUSDT | +0.0100% | 8h | 22.685 | +0.067% | $4.3M | $7.2M | 75x | as long as short |
| Bybit COMPUSDT | +0.0100% | 8h | 22.687 | +0.075% | $3.8M | $2.0M | 75x | as long as short |
| OKX COMP-USDT-SWAP | +0.0100% | 8h | 22.690 | +0.088% | $1.6M | $2.2M | 20x | as long as short |
| Gate COMP_USDTlong | +0.0100% | 8h | 22.670 | long leg | $222K | $70K | 25x | |
| MEXC COMP_USDT | +0.0100% | 8h | 22.680 | +0.044% | $2.8M | $842K | 20x | as long as short |
Deribit COMP_USDC-PERPETUAL
dYdX COMP-USD
Injective COMP/USDC PERP
Hyperliquid COMP
Binance COMPUSDT
Bybit COMPUSDT
OKX COMP-USDT-SWAP
MEXC COMP_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin COMPUSDTM | +0.0100% | 8h | 22.710 | +0.176% | $458K | $94K | 30x | as long as short |
| Bitget COMPUSDT | +0.0100% | 8h | 22.700 | +0.132% | $1.9M | $670K | 75x | as long as short |
| BingX COMP-USDT | +0.0100% | 8h | 22.690 | +0.088% | — | $36.0M | — | as long as short |
| Variational Omni COMP | +0.0100% | 8h | 22.617 | −0.233% | $15K | $31K | — | as long as short |
| BloFin COMP-USDT | +0.0118% | 8h | 22.680 | +0.044% | $237K | $151K | 20x | as long as short |
| Coinbase International COMP-PERP-INTX | +0.0136% | 1h | 22.730 | +0.265% | $17K | $54K | 25x | as long as short |
KuCoin COMPUSDTM
Bitget COMPUSDT
BingX COMP-USDT
Variational Omni COMP
BloFin COMP-USDT
Coinbase International COMP-PERP-INTX