Funding you earn now, next payment 00:00 UTC+0.2737%/8h= +299.7% APRpaid last 24h −0.085%
Price spread now: KuCoin against Kraken Futures+0.001%52s7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$187as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1961.964% of the position
Funding, last 7 days+0.098%+$10 on $10k
+Price spread, last 3 days (all we have)−0.228%−$23 · spread now +0.001%, 7d avg +0.061%
=Funding pays, the price is against you. KuCoin is 0.060% cheaper against Kraken Futures than usual: you would sell low and buy high (spread +0.001% now, against its 7-day average of +0.061%). If the spread goes back, that is −$6 on $10k: about 2 hours of funding at the current rate (+$82 a day). At the pace of the last 7 days (+0.098% in total) that is about 4.3 days. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.098% in total (about 5.1% 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 | Kraken Futures PF_EGLDUSD | 4.3279 | −0.2637 | get 0.0330% / 1h | 12m 25s | $429K | $719K | 20x |
| Short | KuCoin EGLDUSDTM | 4.3280 | 0.0100 | get 0.0100% / 8h | 12m 25s | $2.7M | $1.4M | 50x |
Kraken Futures PF_EGLDUSD
KuCoin EGLDUSDTMFunding 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
- $574.82
- Price spread: +0.001% → +0.061%
- −$5.99
- Slippage, 4 orders
- −$174.4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $372.43
- Costs to cover
- 1.964%
- Break-even
- 2.5 days
Slippage from Kraken Futures: live order book, 66 min ago; KuCoin: live order book, 5 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, 66 min ago | 15.24 bp | 28.5 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 5.75 bp | 58.5 bp −$59 | 288.8 bp −$2,888 | doesn't fit | doesn't fit |
EGLD on 12 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_EGLDUSDlong | −0.2637% | 1h | 4.3279 | long leg | $429K | $719K | 20x | |
| Injective EGLD/USDC PERP | +0.0033% | 1h | 3.6600 | −15.433% | $16 | $46K | 5.5x | as long as short |
| Binance EGLDUSDT | +0.0100% | 8h | 4.3200 | −0.183% | $4.6M | $26.7M | 75x | as long as short |
| Bybit EGLDUSDT | +0.0100% | 8h | 4.3210 | −0.160% | $2.6M | $8.7M | 75x | as long as short |
| OKX EGLD-USDT-SWAP | +0.0100% | 8h | 4.3210 | −0.160% | $612K | $5.1M | 20x | as long as short |
| Gate EGLD_USDT | +0.0100% | 8h | 4.3320 | +0.094% | $514K | $682K | 30x | as long as short |
| MEXC EGLD_USDT | +0.0100% | 8h | 4.3200 | −0.183% | $4.5M | $3.4M | 125x | as long as short |
| KuCoin EGLDUSDTMshort | +0.0100% | 8h | 4.3280 | +0.001% | $2.7M | $1.4M | 50x | |
| Bitget EGLDUSDT | +0.0100% | 8h | 4.3210 | −0.160% | $2.2M | $4.3M | 75x | as long as short |
| BingX EGLD-USDT | +0.0100% | 8h | 4.3230 | −0.114% | — | $2.9M | — | as long as short |
Injective EGLD/USDC PERP
Binance EGLDUSDT
Bybit EGLDUSDT
OKX EGLD-USDT-SWAP
Gate EGLD_USDT
MEXC EGLD_USDT
Bitget EGLDUSDT
BingX EGLD-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni EGLD | +0.0100% | 8h | 4.3364 | +0.195% | $17K | $56K | — | as long as short |
| BloFin EGLD-USDT | +0.0220% | 8h | 4.3200 | −0.183% | $222K | $465K | 75x | as long as short |
Variational Omni EGLD
BloFin EGLD-USDT