S

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.2256%/8h= −247.0% APRnext payment −$2.82 per $10,000 · paid last 24h −0.521%

Price spread now: Kraken Futures against gTrade (Gains Network)−0.229%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 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 −$68 a day on $10k at the current rate, and Kraken Futures is 0.229% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$23 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) S/USD	0.03959	L +0.0001% / S +0.0006%	pay 0.0000% / 1h	6m 23s	$610	—	150x
Short	Kraken Futures PF_SUSD	0.03950	−0.2255	pay 0.0282% / 1h	6m 23s	$33K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee Kraken FuturesbpOrdersPrice spread, now −0.229%Rate

Funding earned: −$473.73
Price spread: −0.229% → 0.000%: −$22.86
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$516.59
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): no order-book sample; 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

gTrade (Gains Network) and 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.

S on 25 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
01 Exchange SUSD	−0.5352%	1h	0.03840	−3.001%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSDshort	−0.2255%	1h	0.03950	−0.229%	$33K	$13K	10x
Coinbase International S-PERP-INTX	−0.1344%	1h	0.03927	−0.804%	$48K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.03958	−0.016%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03955	−0.101%	$4	—	15x	as long as short
Variational Omni S	−0.0047%	4h	0.03947	−0.304%	$613K	$30K	—	as long as short
gTrade (Gains Network) S/USDlong	L +0.0001% / S +0.0006%	1h	0.03959	long leg	$610	—	150x
Injective S/USDC PERP	+0.0033%	1h	0.04100	+3.566%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0083%	4h	0.03959	+0.005%	$98K	$296K	10x	as long as short
Lighter S	+0.0096%	1h	0.03963	+0.106%	$168K	$158K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.03958	−0.013%	$992K	$590K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03959	−0.005%	$46K	$142K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03958	−0.028%	$5.5M	$13.7M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03951	−0.198%	$5.6M	$4.4M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03954	−0.122%	$982K	$3.8M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03949	−0.248%	$321K	$191K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03959	+0.005%	$3.6M	$1.7M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03956	−0.071%	$1.8M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03960	+0.030%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03952	−0.172%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03960	+0.030%	$22K	$462K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03953	−0.135%	$224K	$593K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03952	−0.172%	$271K	$102K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0761%	1h	0.03962	+0.080%	$67K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1363%	1h	0.03960	+0.030%	$115K	$424K	5x	as long as short