INIT

Alert

Funding spread now, next payment 19:00 UTC−0.0271%/8h

paid, last 24h−0.494%paid, last 4 days+0.626%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_INITUSD	0.08126	0.0371	pay 0.0046% / 1h	10m 15s	$6K	$18K	10x
Short	KuCoin INITUSDTM	0.08118	0.0100	get 0.0050% / 4h	1h 10m	$323K	$57K	25x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee KuCoinbpOrdersRate

Funding earned: −$56.88
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$78.88
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 19 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.094%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 19 min ago	12.30 bp	549.6 bp −$550	doesn't fit	doesn't fit	doesn't fit

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.

INIT on 13 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Hyperliquid INIT	+0.0100%	1h	$293K	$241K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	$27K	$36K	5x	as long as short
Binance INITUSDT	+0.0100%	4h	$3.4M	$3.7M	25x	as long as short
Bybit INITUSDT	+0.0100%	4h	$1.4M	$1.5M	25x	as long as short
OKX INIT-USDT-SWAP	+0.0100%	4h	$131K	$635K	10x	as long as short
Gate INIT_USDT	+0.0100%	8h	$82K	$56K	25x	as long as short
MEXC INIT_USDT	+0.0100%	4h	$440K	$216K	20x	as long as short
KuCoin INITUSDTMshort	+0.0100%	4h	$323K	$57K	25x
Bitget INITUSDT	+0.0100%	4h	$424K	$313K	25x	as long as short
BingX INIT-USDT	+0.0100%	4h	—	$6.6M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni INIT	+0.0100%	4h	$26K	$23K	—	as long as short
BloFin INIT-USDT	+0.0102%	4h	$160K	$107K	25x	as long as short
Kraken Futures PF_INITUSDlong	+0.0371%	1h	$6K	$18K	10x