Funding you earn now, next payment 07:00 UTC−0.0617%/8h= −67.5% APRpaid last 24h −0.148%
Price spread now: Kraken Futures against Bitget−0.221%58s7-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
Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Kraken Futures is 0.221% cheaper against Bitget than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget IOTAUSDT | 0.04788 | 0.0100 | pay 0.0100% / 8h | 1h 23m | $1.8M | $725K | 50x |
| Short | Kraken Futures PF_IOTAUSD | 0.04777 | −0.0517 | pay 0.0065% / 1h | 23m 18s | $19K | $13K | 10x |
Bitget IOTAUSDT
Kraken Futures PF_IOTAUSDFunding 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
- −$129.5
- Price spread: −0.221% → 0.000%
- −$22.07
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$173.57
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Bitget: live order book, 4 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 Bitget live order book, 4 min ago | 5.22 bp | 32.6 bp −$33 | 327.9 bp −$3,279 | 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.
IOTA 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_IOTAUSDshort | −0.0517% | 1h | 0.04777 | −0.221% | $19K | $13K | 10x | |
| BloFin IOTA-USDT | +0.0091% | 8h | 0.04780 | −0.167% | $165K | $43K | 75x | as long as short |
| Hyperliquid IOTA | +0.0100% | 1h | 0.04779 | −0.178% | $896K | $328K | 3x | as long as short |
| Binance IOTAUSDT | +0.0100% | 8h | 0.04782 | −0.127% | $3.4M | $5.9M | 75x | as long as short |
| Bybit IOTAUSDT | +0.0100% | 8h | 0.04783 | −0.104% | $2.2M | $1.5M | 75x | as long as short |
| OKX IOTA-USDT-SWAP | +0.0100% | 8h | 0.04777 | −0.230% | $554K | $1.4M | 20x | as long as short |
| Gate IOTA_USDT | +0.0100% | 8h | 0.04781 | −0.146% | $823K | $258K | 75x | as long as short |
| MEXC IOTA_USDT | +0.0100% | 8h | 0.04782 | −0.125% | $581K | $176K | 125x | as long as short |
| Bitget IOTAUSDTlong | +0.0100% | 8h | 0.04788 | long leg | $1.8M | $725K | 50x | |
| BingX IOTA-USDT | +0.0100% | 8h | 0.04785 | −0.063% | — | $2.3M | — | as long as short |
BloFin IOTA-USDT
Hyperliquid IOTA
Binance IOTAUSDT
Bybit IOTAUSDT
OKX IOTA-USDT-SWAP
Gate IOTA_USDT
MEXC IOTA_USDT
BingX IOTA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni IOTA | +0.0100% | 8h | 0.04776 | −0.258% | $50K | $32K | — | as long as short |
| KuCoin IOTAUSDTM | +0.0910% | 8h | 0.04793 | +0.104% | $2.7M | $232K | 30x | as long as short |
Variational Omni IOTA
KuCoin IOTAUSDTM