Funding you earn now, next payment 12:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.026%
Price spread now: Kraken Futures against OKX−0.057%45s7-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 −$2 a day on $10k at the current rate, and Kraken Futures is 0.057% cheaper against OKX than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 45 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 | OKX USDC-USDT-SWAP | 1.0003 | 0 | get 0.0000% / 8h | 4h 45m | $1.1M | $37K | 50x |
| Short | Kraken Futures PF_USDCUSD | 0.9997 | −0.0054 | pay 0.0007% / 1h | 45m 31s | $14K | $872 | 50x |
OKX USDC-USDT-SWAP
Kraken Futures PF_USDCUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- −$11.27
- Price spread: −0.057% → 0.000%
- −$5.66
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$36.94
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: OKX: live order book, 4 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 OKX live order book, 4 min ago | 0.49 bp | 7.3 bp −$7 | 7.8 bp −$78 | 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 exchanges
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 USDCUSDTM | −0.0183% | 8h | 0.9994 | −0.091% | $2.5M | $20K | 30x | as long as short |
| Kraken Futures PF_USDCUSDshort | −0.0054% | 1h | 0.9997 | −0.057% | $14K | $872 | 50x | |
| MEXC USDC_USDT | −0.0053% | 8h | 0.9998 | −0.047% | $20.9M | $722K | 200x | as long as short |
| Binance USDCUSDT | −0.0052% | 8h | 0.9998 | −0.047% | $4.8M | $4.6M | 50x | as long as short |
| Bitget USDCUSDT | −0.0011% | 8h | 0.9996 | −0.071% | $4.3M | $8K | 50x | as long as short |
| OKX USDC-USDT-SWAPlong | 0.0000% | 8h | 1.0003 | long leg | $1.1M | $37K | 50x | |
| Bybit USDCUSDT | +0.0100% | 8h | 1.0001 | −0.021% | $9.5M | $156K | 50x | as long as short |
| Gate USDC_USDT | +0.0100% | 8h | 0.9992 | −0.111% | $253K | $26K | 50x | as long as short |
KuCoin USDCUSDTM
MEXC USDC_USDT
Binance USDCUSDT
Bitget USDCUSDT
Bybit USDCUSDT
Gate USDC_USDT