Funding you earn now, next payment 00:00 UTC+0.0451%/8h= +49.4% APRpaid last 24h −0.102%
Price spread now: Kraken Futures against Bitget+0.120%7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$880.877% of the position
Funding, last 7 days+0.317%+$32 on $10k
+Price spread, last 3 days (all we have)−0.050%−$5 · spread now +0.120%, 7d avg +0.072%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Kraken Futures is 0.048% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.072%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ETHFIUSDT | 0.7181 | 0.0100 | pay 0.0050% / 4h | 24m 02s | $6.1M | $5.7M | 75x |
| Short | Kraken Futures PF_ETHFIUSD | 0.7190 | 0.0551 | get 0.0069% / 1h | 24m 02s | $277K | $161K | 20x |
Bitget ETHFIUSDT
Kraken Futures PF_ETHFIUSDFunding 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
- $94.67
- Price spread: +0.120% → +0.072%
- $4.79
- Slippage, 4 orders
- −$65.71
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $11.74
- Costs to cover
- 0.877%
- Break-even
- 6.1 days
Slippage from Bitget: live order book, 4 min ago; Kraken Futures: live order book, 54 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, 4 min ago | 1.39 bp | 17.5 bp −$18 | 26.4 bp −$264 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 54 min ago | 11.16 bp | 22.5 bp −$23 | 137.6 bp −$1,376 | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.0362% | 4h | 0.7159 | −0.306% | $83K | $165K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0307% | 1h | 0.7181 | 0.000% | $42K | $18K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0187% | 4h | 0.7179 | −0.028% | $16K | $1K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | −0.0001% | 8h | 0.7178 | −0.043% | $6K | — | 5x | as long as short |
| Extended ETHFI-USD | +0.0032% | 1h | 0.7174 | −0.091% | $93K | $492K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0032% | 4h | 0.7176 | −0.070% | $25.0M | $37.2M | 75x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.822% | $321 | $51K | 5.5x | as long as short |
| MEXC ETHFI_USDT | +0.0034% | 4h | 0.7177 | −0.056% | $15.3M | $3.8M | 125x | as long as short |
| Aster ETHFIUSDT | +0.0077% | 4h | 0.7185 | +0.056% | $183K | $259K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.7173 | −0.116% | $9K | — | 3x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Paradex ETHFI-USD-PERP
Extended ETHFI-USD
Binance ETHFIUSDT
Injective ETHFI/USDC PERP
MEXC ETHFI_USDT
Aster ETHFIUSDT
Aevo ETHFI-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7189 | +0.110% | $1.1M | $897K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7189 | +0.110% | $18.2M | $8.9M | 5x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7178 | −0.042% | $18.2M | $13.1M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7181 | 0.000% | $5.0M | $12.6M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7180 | −0.014% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7177 | −0.056% | $1.2M | $270K | 50x | as long as short |
| Bitget ETHFIUSDTlong | +0.0100% | 4h | 0.7181 | long leg | $6.1M | $5.7M | 75x | |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7178 | −0.042% | — | $26.1M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7178 | −0.046% | $1.1M | $738K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7181 | +0.004% | $59K | $94K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7185 | +0.056% | $1K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0140% | 4h | 0.7173 | −0.111% | $1.3M | $288K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0216% | 1h | 0.7237 | +0.780% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSDshort | +0.0551% | 1h | 0.7190 | +0.120% | $277K | $161K | 20x |
Lighter ETHFI
Hyperliquid ETHFI
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDT
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX