Funding you earn now, next payment 10:00 UTC−0.1536%/8h= −168.2% APRpaid last 24h −0.857%
Price spread now: Kraken Futures against KuCoin+0.135%52s7-day average — · you sell dearer than you buy
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 pays, funding is against you. Kraken Futures is 0.135% dearer against KuCoin than usual: you sell high and buy low (spread +0.135% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$46 a day in funding at the current rate, which eats that in about 7 hours. The two prices were read 52 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 | KuCoin TUSDTM | 0.005281 | −0.0226 | get 0.0113% / 4h | 2h 56m | $1.4M | $96K | 12x |
| Short | Kraken Futures PF_TUSD | 0.005288 | −0.1762 | pay 0.0220% / 1h | 56m 27s | $4K | $2K | 10x |
KuCoin TUSDTM
Kraken Futures PF_TUSDFunding 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
- −$322.49
- Price spread: +0.135% → 0.000%
- $13.52
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$330.97
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 9 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, 9 min ago | 11.32 bp | 125.3 bp −$125 | 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.
T on 8 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_TUSDshort | −0.1762% | 1h | 0.005288 | +0.135% | $4K | $2K | 10x | |
| Gate T_USDT | −0.0964% | 4h | 0.005285 | +0.076% | $207K | $81K | 20x | as long as short |
| Bitget TUSDT | −0.0638% | 4h | 0.005277 | −0.076% | $887K | $612K | 50x | as long as short |
| Variational Omni T | −0.0551% | 4h | 0.005287 | +0.105% | $7K | $6K | — | as long as short |
| MEXC T_USDT | −0.0522% | 4h | 0.005281 | 0.000% | $3.1M | $225K | 20x | as long as short |
| Binance TUSDT | −0.0518% | 4h | 0.005285 | +0.082% | $3.2M | $7.5M | 50x | as long as short |
| Bybit TUSDT | −0.0278% | 4h | 0.005280 | −0.019% | $1.6M | $1.5M | 25x | as long as short |
| KuCoin TUSDTMlong | −0.0226% | 4h | 0.005281 | long leg | $1.4M | $96K | 12x |
Gate T_USDT
Bitget TUSDT
Variational Omni T
MEXC T_USDT
Binance TUSDT
Bybit TUSDT