LSK

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.5300%/8h= −580.3% APRnext payment −$6.62 per $10,000 · paid last 24h −0.012%

Price spread now: Kraken Futures against Bitget+0.847%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$449as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$1671.674% of the position

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−2.817%−$282 on $10k

Price spread, last 4 days (all we have)−1.480%−$148 · spread now +0.847%, 7d avg +0.035%

Together, before fees−4.297%−$430 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.812% dearer against Bitget than usual: you sell high and buy low (spread +0.847% now, against its 7-day average of +0.035%): +$81 on $10k if it goes back. Holding the pair costs −$159 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−2.817% in total) that is about 2.0 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -2.817% in total (about -146.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.62 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LSKUSDT	0.3417	−0.5424	get 0.0678% / 1h	53m 55s	$2.7M	$9.5M	50x
Short	Kraken Futures PF_LSKUSD	0.3446	−1.0724	pay 0.1340% / 1h	53m 55s	$115K	$367K	10x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee Kraken FuturesbpOrdersPrice spread, now +0.847%Rate

Funding earned: −$1,112.93
Price spread: +0.847% → +0.035%: $81.23
Slippage, 4 orders: −$145.42
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$1,199.12
Costs to cover: 1.674%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Kraken Futures: live order book, 57 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, 3 min ago	2.93 bp	24.5 bp −$24	134.1 bp −$1,341	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 57 min ago	16.72 bp	59.5 bp −$60	doesn't fit	doesn't fit	doesn't fit

LSK on 10 exchanges

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_LSKUSDshort	−1.0724%	1h	0.3446	+0.847%	$115K	$367K	10x
Binance LSKUSDT	−1.0483%	1h	0.3417	−0.006%	$15.4M	$96.5M	50x	as long as short
MEXC LSK_USDT	−1.0480%	1h	0.3417	+0.006%	$9.3M	$2.2M	20x	as long as short
BingX LSK-USDT	−1.0168%	1h	0.3418	+0.029%	—	$2.8M	—	as long as short
Aster LSKUSDT	−0.9532%	1h	0.3419	+0.063%	$49K	$146K	5x	as long as short
Gate LSK_USDT	−0.7928%	1h	0.3418	+0.029%	$1.3M	$2.5M	20x	as long as short
Bitget LSKUSDTlong	−0.5424%	1h	0.3417	long leg	$2.7M	$9.5M	50x
HTX LSK-USDT	−0.4357%	1h	0.3414	−0.097%	$38K	$305K	20x	as long as short
Bybit LSKUSDT	−0.3967%	1h	0.3432	+0.430%	$8.9M	$21.0M	25x	as long as short
Variational Omni LSK	−0.2145%	1h	0.3424	+0.219%	$33K	$171K	—	as long as short