Funding you earn now, next payment 07:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h −0.016%
Price spread now: KuCoin against Kraken Futures−0.073%7-day average — · you buy dearer than you sell
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
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.073% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 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 | Kraken Futures PF_USDCUSD | 0.9998 | −0.0070 | get 0.0009% / 1h | 51m 50s | $14K | $924 | 50x |
| Short | KuCoin USDCUSDTM | 0.9990 | −0.0155 | pay 0.0155% / 8h | 1h 51m | $2.5M | $20K | 30x |
Kraken Futures PF_USDCUSD
KuCoin USDCUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$17.85
- Price spread: −0.073% → 0.000%
- −$7.29
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$47.14
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 5 min ago. 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 5 min ago | 4.50 bp | 14.1 bp −$14 | 367.8 bp −$3,678 | doesn't fit | doesn'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.
USDC 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USDCUSDTMshort | −0.0155% | 8h | 0.9990 | −0.073% | $2.5M | $20K | 30x | |
| Binance USDCUSDT | −0.0116% | 8h | 0.9996 | −0.016% | $4.8M | $4.3M | 50x | as long as short |
| MEXC USDC_USDT | −0.0116% | 8h | 0.9996 | −0.016% | $20.8M | $748K | 200x | as long as short |
| Bitget USDCUSDT | −0.0097% | 8h | 0.9995 | −0.026% | $4.3M | $8K | 50x | as long as short |
| Kraken Futures PF_USDCUSDlong | −0.0070% | 1h | 0.9998 | long leg | $14K | $924 | 50x | |
| Bybit USDCUSDT | 0.0000% | 8h | 1.0001 | +0.034% | $9.5M | $271K | 50x | as long as short |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0000 | +0.023% | $1.1M | $41K | 50x | as long as short |
| Gate USDC_USDT | +0.0100% | 8h | 0.9996 | −0.016% | $253K | $37K | 50x | as long as short |
Binance USDCUSDT
MEXC USDC_USDT
Bitget USDCUSDT
Bybit USDCUSDT
OKX USDC-USDT-SWAP
Gate USDC_USDT