Funding you earn now, next payment 20:00 UTC+0.1149%/8hpaid last 24h +0.167%
Price spread now: Bitget against Kraken Futures+0.077%7-day average +0.103% · you sell dearer than you buy
Net, funding: paid 7d − costs−$175as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1391.387% of the position
Funding, last 7 days−0.365%−$36 on $10k
+Price spread, last 3 days (all we have)+0.043%+$4 · spread now +0.077%, 7d avg +0.103%
=Funding pays, the price is against you. Bitget is 0.026% cheaper against Kraken Futures than usual: you would sell low and buy high (spread +0.077% now, against its 7-day average of +0.103%). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$34 a day). Mind the row above: over the last 7 days funding on this pair cost −0.365%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.365% in total (about -19.0% 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_USUALUSD | 0.01352 | −0.1049 | get 0.0131% / 1h | 4m 58s | $110K | $25K | 10x |
| Short | Bitget USUALUSDT | 0.01353 | 0.0100 | get 0.0050% / 4h | 4m 58s | $823K | $524K | 50x |
Kraken Futures PF_USUALUSD
Bitget USUALUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $241.34
- Price spread: +0.077% → +0.103%
- −$2.62
- Slippage, 4 orders
- −$116.74
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $99.97
- Costs to cover
- 1.387%
- Break-even
- 4.1 days
Slippage from Kraken Futures: live order book, 26 min ago; Bitget: live order book, 25 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, 26 min ago | 23.80 bp | 45.7 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 25 min ago | 7.42 bp | 31.0 bp −$31 | 127.9 bp −$1,279 | doesn't fit | doesn't fit |
USUAL on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERP | −0.4872% | 1h | 0.01331 | −1.550% | $6K | $17K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSDlong | −0.1049% | 1h | 0.01352 | long leg | $110K | $25K | 10x | |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01352 | +0.003% | $381K | $238K | 3x | as long as short |
| Binance USUALUSDT | +0.0100% | 4h | 0.01352 | +0.023% | $2.1M | $3.6M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01354 | +0.173% | $995K | $973K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01353 | +0.077% | $903K | $261K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01354 | +0.144% | $5.9M | $302K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01356 | +0.299% | $286K | $66K | 20x | as long as short |
| Bitget USUALUSDTshort | +0.0100% | 4h | 0.01353 | +0.077% | $823K | $524K | 50x | |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01353 | +0.077% | — | $1.2M | — | as long as short |
Injective USUAL/USDC PERP
Hyperliquid USUAL
Binance USUALUSDT
Bybit USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01356 | +0.332% | $9K | $99 | — | as long as short |
Variational Omni USUAL