Funding you earn now, next payment 06:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h +0.017%
Price spread now: Kraken Futures against KuCoin+0.069%7-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
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kraken Futures is 0.069% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin USDCUSDTM | 0.9991 | −0.0154 | get 0.0154% / 8h | 2h 25m | $2.5M | $20K | 30x |
| Short | Kraken Futures PF_USDCUSD | 0.9998 | −0.0068 | pay 0.0009% / 1h | 25m 00s | $14K | $924 | 50x |
KuCoin USDCUSDTM
Kraken Futures PF_USDCUSDFunding 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
- $17.99
- Price spread: +0.069% → 0.000%
- $6.94
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $2.92
- Costs to cover
- 0.220%
- Break-even
- 5.9 days
Slippage unknown: KuCoin: live order book, 2 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, 2 min ago | 4.50 bp | 10.5 bp −$11 | 10.8 bp −$108 | 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.
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 USDCUSDTMlong | −0.0154% | 8h | 0.9991 | long leg | $2.5M | $20K | 30x | |
| Binance USDCUSDT | −0.0123% | 8h | 0.9996 | +0.051% | $4.8M | $4.3M | 50x | as long as short |
| MEXC USDC_USDT | −0.0123% | 8h | 0.9996 | +0.052% | $20.8M | $750K | 200x | as long as short |
| Bitget USDCUSDT | −0.0105% | 8h | 0.9995 | +0.044% | $4.3M | $8K | 50x | as long as short |
| Kraken Futures PF_USDCUSDshort | −0.0068% | 1h | 0.9998 | +0.069% | $14K | $924 | 50x | |
| Bybit USDCUSDT | 0.0000% | 8h | 1.0001 | +0.104% | $9.5M | $280K | 50x | as long as short |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0000 | +0.093% | $1.1M | $41K | 50x | as long as short |
| Gate USDC_USDT | +0.0077% | 8h | 0.9996 | +0.054% | $253K | $39K | 50x | as long as short |
Binance USDCUSDT
MEXC USDC_USDT
Bitget USDCUSDT
Bybit USDCUSDT
OKX USDC-USDT-SWAP
Gate USDC_USDT