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Funding arb · Price arb /

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 10:00 UTC−0.1630%/8h= −178.5% APRpaid last 24h −0.284%
Price spread now: Kraken Futures against KuCoin+0.268%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on KuCoinShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread pays, funding is against you. Kraken Futures is 0.268% dearer against KuCoin than usual: you sell high and buy low (spread +0.268% now, against zero (this spread has no 7-day history yet)): +$27 on $10k if it goes back. Holding the pair costs −$49 a day in funding at the current rate, which eats that in about 13 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin GMTUSDTM0.008580−0.0064get 0.0032% / 4h2h 57m$244K$202K50x
ShortKraken Futures PF_GMTUSD0.008603−0.1694pay 0.0212% / 1h57m 09s$43K$13K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against KuCoin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$342.24
Price spread: +0.268% → 0.000%
$26.83
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$337.42
Costs to cover
0.220%
Break-even
from the start
Slippage unknown: KuCoin: live order book, 24 min ago; Kraken Futures: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 24 min ago11.70 bp57.9 bp −$58304.8 bp −$3,048doesn't fitdoesn't fit
Sell Kraken Futures no order-book sample—————
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

GMT on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_GMTUSDshort−0.1694%1h0.008603+0.268%$43K$13K20x
Variational Omni GMT−0.0095%8h0.008579−0.007%$4K$6K—as long as short
KuCoin GMTUSDTMlong−0.0064%4h0.008580long leg$244K$202K50x
Hyperliquid GMT+0.0100%1h0.008601+0.245%$121K$151K3xas long as short
Aster GMTUSDT+0.0100%4h0.008595+0.169%$7K$22K10xas long as short
Binance GMTUSDT+0.0100%4h0.008596+0.186%$2.9M$5.4M50xas long as short
Bybit GMTUSDT+0.0100%8h0.008601+0.245%$1.1M$2.0M50xas long as short
OKX GMT-USDT-SWAP+0.0100%4h0.008591+0.128%$390K$1.2M20xas long as short
Gate GMT_USDT+0.0100%8h0.008590+0.117%$140K$175K50xas long as short
MEXC GMT_USDT+0.0100%4h0.008595+0.175%$435K$200K20xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget GMTUSDT+0.0100%4h0.008599+0.221%$738K$677K50xas long as short
BingX GMT-USDT+0.0100%4h0.008597+0.198%—$1.3M—as long as short