Funding you earn now, next payment 03:00 UTC+0.1177%/8h= +128.9% APRpaid last 24h +0.274%
Price spread now: Kraken Futures against Bitget+0.003%48s7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$4,431as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$4,44444.436% of the position
Funding, last 7 days+0.122%+$12 on $10k
+Price spread, last 4 days (all we have)−0.396%−$40 · spread now +0.003%, 7d avg +0.036%
=Funding pays, the price is against you. Kraken Futures is 0.033% cheaper against Bitget than usual: you would sell low and buy high (spread +0.003% now, against its 7-day average of +0.036%). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$35 a day). At the pace of the last 7 days (+0.122% in total) that is about 45 hours. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.122% in total (about 6.3% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget TRBUSDT | 19.322 | 0.0100 | pay 0.0050% / 4h | 1h 05m | $1.3M | $1.5M | 50x |
| Short | Kraken Futures PF_TRBUSD | 19.323 | 0.1277 | get 0.0160% / 1h | 5m 32s | $103K | $99K | 10x |
Bitget TRBUSDT
Kraken Futures PF_TRBUSDFunding 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
- $247.27
- Price spread: +0.003% → +0.036%
- −$3.26
- Slippage, 4 orders
- −$4,421.59
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$4,199.58
- Costs to cover
- 44.436%
- Break-even
- 125.9 days
Slippage from Bitget: live order book, 1 min ago; Kraken Futures: live order book, 56 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, 1 min ago | 6.22 bp | 22.5 bp −$23 | 75.9 bp −$759 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 56 min ago | 30.78 bp | 48.4 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
TRB on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin TRB-USDT | +0.0069% | 4h | 19.346 | +0.124% | $371K | $159K | 50x | as long as short |
| Hyperliquid TRB | +0.0100% | 1h | 19.299 | −0.119% | $489K | $252K | 3x | as long as short |
| Aster TRBUSDT | +0.0100% | 4h | 19.303 | −0.097% | $10K | $20K | 5x | as long as short |
| Binance TRBUSDT | +0.0100% | 4h | 19.305 | −0.088% | $5.2M | $10.7M | 50x | as long as short |
| Bybit TRBUSDT | +0.0100% | 4h | 19.328 | +0.031% | $6.4M | $2.1M | 50x | as long as short |
| OKX TRB-USDT-SWAP | +0.0100% | 4h | 19.310 | −0.062% | $4.5M | $5.0M | 20x | as long as short |
| MEXC TRB_USDT | +0.0100% | 4h | 19.282 | −0.207% | $15.3M | $1.0M | 125x | as long as short |
| KuCoin TRBUSDTM | +0.0100% | 4h | 19.322 | 0.000% | $1.2M | $310K | 50x | as long as short |
| Bitget TRBUSDTlong | +0.0100% | 4h | 19.322 | long leg | $1.3M | $1.5M | 50x | |
| BingX TRB-USDT | +0.0100% | 4h | 19.313 | −0.047% | — | $16.2M | — | as long as short |
BloFin TRB-USDT
Hyperliquid TRB
Aster TRBUSDT
Binance TRBUSDT
Bybit TRBUSDT
OKX TRB-USDT-SWAP
MEXC TRB_USDT
KuCoin TRBUSDTM
BingX TRB-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni TRB | +0.0193% | 4h | 19.306 | −0.082% | $15K | $4K | — | as long as short |
| Gate TRB_USDT | +0.0452% | 4h | 19.330 | +0.041% | $618K | $1.8M | 50x | as long as short |
| Kraken Futures PF_TRBUSDshort | +0.1277% | 1h | 19.323 | +0.003% | $103K | $99K | 10x |
Variational Omni TRB
Gate TRB_USDT