Funding you earn now, next payment 04:00 UTC−0.1003%/8h= −109.9% APRpaid last 24h −0.300%
Price spread now: OKX against Kraken Futures−0.364%45s7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2,288as 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−$2,26722.670% of the position
Funding, last 7 days−0.209%−$21 on $10k
+Price spread, last 4 days (all we have)+0.513%+$51 · spread now −0.364%, 7d avg −0.048%
=Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and OKX is 0.316% cheaper against Kraken Futures than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of −0.048%). Swap the legs. The two prices were read 45 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 -0.209% in total (about -10.9% 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 | Kraken Futures PF_TRBUSD | 19.210 | 0.1103 | pay 0.0138% / 1h | 37m 24s | $102K | $99K | 10x |
| Short | OKX TRB-USDT-SWAP | 19.140 | 0.0100 | get 0.0050% / 4h | 37m 24s | $4.5M | $5.1M | 20x |
Kraken Futures PF_TRBUSD
OKX TRB-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Kraken Futures. 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
- −$210.68
- Price spread: −0.364% → −0.048%
- −$31.62
- Slippage, 4 orders
- −$2,247.03
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$2,509.33
- Costs to cover
- 22.670%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 20 min ago; OKX: live order book, 5 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 Kraken Futures live order book, 20 min ago | 20.69 bp | 2192.6 bp −$2,193 | 17922.9 bp −$179.2K | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 5.21 bp | 14.8 bp −$15 | 76.6 bp −$766 | 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 | +0.0071% | 4h | 19.189 | −0.109% | $369K | $171K | 50x | as long as short |
| Hyperliquid TRB | +0.0100% | 1h | 19.166 | −0.228% | $480K | $258K | 3x | as long as short |
| Aster TRBUSDT | +0.0100% | 4h | 19.162 | −0.247% | $10K | $20K | 5x | as long as short |
| Binance TRBUSDT | +0.0100% | 4h | 19.190 | −0.104% | $5.2M | $10.8M | 50x | as long as short |
| Bybit TRBUSDT | +0.0100% | 4h | 19.155 | −0.286% | $6.3M | $2.1M | 50x | as long as short |
| OKX TRB-USDT-SWAPshort | +0.0100% | 4h | 19.140 | −0.364% | $4.5M | $5.1M | 20x | |
| MEXC TRB_USDT | +0.0100% | 4h | 19.147 | −0.327% | $15.3M | $1.1M | 125x | as long as short |
| KuCoin TRBUSDTM | +0.0100% | 4h | 19.152 | −0.301% | $1.2M | $308K | 50x | as long as short |
| Bitget TRBUSDT | +0.0100% | 4h | 19.143 | −0.348% | $1.3M | $1.5M | 50x | as long as short |
| BingX TRB-USDT | +0.0100% | 4h | 19.180 | −0.156% | — | $16.2M | — | as long as short |
BloFin TRB-USDT
Hyperliquid TRB
Aster TRBUSDT
Binance TRBUSDT
Bybit TRBUSDT
MEXC TRB_USDT
KuCoin TRBUSDTM
Bitget TRBUSDT
BingX TRB-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni TRB | +0.0100% | 4h | 19.227 | +0.091% | $15K | $4K | — | as long as short |
| Gate TRB_USDT | +0.0262% | 4h | 19.190 | −0.104% | $580K | $1.9M | 50x | as long as short |
| Kraken Futures PF_TRBUSDlong | +0.1103% | 1h | 19.210 | long leg | $102K | $99K | 10x |
Variational Omni TRB
Gate TRB_USDT