Funding you earn now, next payment 07:00 UTC−0.0101%/8h= −11.1% APRpaid last 24h +0.701%
Price spread now: Kraken Futures against KuCoin−0.014%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin INITUSDTM | 0.08377 | 0.0100 | pay 0.0050% / 4h | 1h 29m | $324K | $59K | 25x |
| Short | Kraken Futures PF_INITUSD | 0.08376 | −0.0001 | pay 0.0000% / 1h | 29m 18s | $5K | $24K | 10x |
KuCoin INITUSDTM
Kraken Futures PF_INITUSDFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21.28
- Price spread: −0.014% → 0.000%
- −$1.39
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$44.68
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 13 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy KuCoin live order book, 13 min ago | 19.67 bp | 259.9 bp −$260 | doesn't fit | doesn't fit | doesn'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.
INIT on 13 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_INITUSDshort | −0.0001% | 1h | 0.08376 | −0.014% | $5K | $24K | 10x | |
| BloFin INIT-USDT | +0.0093% | 4h | 0.08388 | +0.131% | $153K | $75K | 25x | as long as short |
| Hyperliquid INIT | +0.0100% | 1h | 0.08384 | +0.086% | $312K | $176K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08382 | +0.057% | $28K | $39K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08383 | +0.074% | $3.4M | $3.6M | 25x | as long as short |
| Bybit INITUSDT | +0.0100% | 4h | 0.08367 | −0.119% | $1.4M | $1.5M | 25x | as long as short |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08373 | −0.048% | $141K | $679K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08371 | −0.072% | $82K | $36K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08383 | +0.072% | $446K | $181K | 20x | as long as short |
| KuCoin INITUSDTMlong | +0.0100% | 4h | 0.08377 | long leg | $324K | $59K | 25x |
BloFin INIT-USDT
Hyperliquid INIT
Aster INITUSDT
Binance INITUSDT
Bybit INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
MEXC INIT_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget INITUSDT | +0.0100% | 4h | 0.08378 | +0.012% | $430K | $284K | 25x | as long as short |
| BingX INIT-USDT | +0.0100% | 4h | 0.08375 | −0.024% | — | $6.6M | — | as long as short |
| Variational Omni INIT | +0.0100% | 4h | 0.08363 | −0.173% | $27K | $11K | — | as long as short |
Bitget INITUSDT
BingX INIT-USDT
Variational Omni INIT