data as of
Settings8H · net · $10k
Funding arb /

T

all T markets
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Funding spread now, next payment 14:00 UTC+0.2594%/8h
paid, last 24h+0.582%paid, last 4 days+0.340%to open and closeno order book
The current rate is far above what this pair has been paying: over the last 4 days it paid 0.340% in total (about 35.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_TUSD0.005115−0.3896get 0.0487% / 1h27m 42s$2K$4K10x
ShortKuCoin TUSDTM0.005127−0.1302pay 0.0651% / 4h2h 27m$1.4M$93K12x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$544.76
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$522.76
Break-even
0.3 days
Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 4 min ago. Net counts fees only.

Price risk

price view
Price gap now
+0.244%
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 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures no order-book sample
Sell KuCoin live order book, 4 min ago7.79 bp121.1 bp −$121doesn't fitdoesn't fitdoesn'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.

T on 8 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_TUSDlong−0.3896%1h$2K$4K10x
Gate T_USDT−0.1784%4h$216K$143K20xas long as short
MEXC T_USDT−0.1400%4h$3.1M$296K20xas long as short
Binance TUSDT−0.1386%4h$3.3M$11.7M50xas long as short
KuCoin TUSDTMshort−0.1302%4h$1.4M$93K12x
Bitget TUSDT−0.1300%4h$938K$778K50xas long as short
Bybit TUSDT−0.0897%4h$1.8M$2.4M25xas long as short
Variational Omni T−0.0834%4h$8K$11Kas long as short