Funding you earn now, next payment 01:00 UTC+0.0776%/8h= +85.0% APRpaid last 24h +0.068%
Price spread now: KuCoin against Kraken Futures+0.040%7-day average −0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$480as in the Funding arb table
Net, price: spread back to 7d avg − costs−$497as in the Price arb table
costs, in and out, $10k−$5095.090% of the position
Funding, last 7 days+0.291%+$29 on $10k
+Price spread, last 3 days (all we have)−0.149%−$15 · spread now +0.040%, 7d avg −0.081%
=Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and KuCoin is 0.121% dearer against Kraken Futures than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.081%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.291% in total (about 15.2% 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 | Kraken Futures PF_COMPUSD | 22.791 | −0.0676 | get 0.0085% / 1h | 3m 00s | $229K | $91K | 20x |
| Short | KuCoin COMPUSDTM | 22.800 | 0.0100 | get 0.0100% / 8h | 7h 03m | $458K | $92K | 30x |
Kraken Futures PF_COMPUSD
KuCoin COMPUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $162.99
- Price spread: +0.040% → −0.081%
- $12.14
- Slippage, 4 orders
- −$487.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$333.89
- Costs to cover
- 5.090%
- Break-even
- 21.3 days
Slippage from Kraken Futures: live order book, 5 min ago; KuCoin: live order book, 49 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 Kraken Futures live order book, 5 min ago | 9.16 bp | 35.9 bp −$36 | 278.9 bp −$2,789 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 49 min ago | 8.85 bp | 208.4 bp −$208 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_COMPUSDlong | −0.0676% | 1h | 22.791 | long leg | $229K | $91K | 20x | |
| Deribit COMP_USDC-PERPETUAL | −0.0627% | 1h | 22.780 | −0.048% | $333 | $327 | 50x | as long as short |
| dYdX COMP-USD | 0.0000% | 1h | 22.856 | +0.284% | $69K | — | 5x | as long as short |
| Injective COMP/USDC PERP | +0.0033% | 1h | 22.340 | −1.978% | $2K | $13K | 12x | as long as short |
| Hyperliquid COMP | +0.0100% | 1h | 22.772 | −0.082% | $870K | $416K | 5x | as long as short |
| Binance COMPUSDT | +0.0100% | 8h | 22.760 | −0.135% | $4.3M | $6.9M | 75x | as long as short |
| Bybit COMPUSDT | +0.0100% | 8h | 22.784 | −0.030% | $3.9M | $1.9M | 75x | as long as short |
| OKX COMP-USDT-SWAP | +0.0100% | 8h | 22.770 | −0.092% | $1.6M | $2.1M | 20x | as long as short |
| Gate COMP_USDT | +0.0100% | 8h | 22.780 | −0.048% | $222K | $64K | 25x | as long as short |
| MEXC COMP_USDT | +0.0100% | 8h | 22.750 | −0.179% | $2.7M | $819K | 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
Gate COMP_USDT
MEXC COMP_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin COMPUSDTMshort | +0.0100% | 8h | 22.800 | +0.040% | $458K | $92K | 30x | |
| Bitget COMPUSDT | +0.0100% | 8h | 22.760 | −0.135% | $1.9M | $611K | 75x | as long as short |
| BingX COMP-USDT | +0.0100% | 8h | 22.760 | −0.135% | — | $34.7M | — | as long as short |
| Variational Omni COMP | +0.0100% | 8h | 22.826 | +0.153% | $15K | $31K | — | as long as short |
| BloFin COMP-USDT | +0.0118% | 8h | 22.760 | −0.135% | $238K | $160K | 20x | as long as short |
| Coinbase International COMP-PERP-INTX | +0.0200% | 1h | 22.930 | +0.611% | $18K | $46K | 25x | as long as short |
Bitget COMPUSDT
BingX COMP-USDT
Variational Omni COMP
BloFin COMP-USDT
Coinbase International COMP-PERP-INTX