Funding you earn now, next payment 00:00 UTC+0.0870%/8h= +95.2% APRpaid last 24h +0.199%
Price spread now: Gate against Kraken Futures+0.252%7-day average +0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$375as in the Funding arb table
Net, price: spread back to 7d avg − costs−$321as in the Price arb table
costs, in and out, $10k−$3393.389% of the position
Funding, last 7 days−0.360%−$36 on $10k
+Price spread, last 3 days (all we have)−0.063%−$6 · spread now +0.252%, 7d avg +0.070%
=Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Gate is 0.182% dearer against Kraken Futures than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.070%. Mind the row above: over the last 7 days funding on this pair cost −0.360%, 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 -0.360% in total (about -18.8% 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 | 0.01368 | −0.0770 | get 0.0096% / 1h | 19m 28s | $111K | $18K | 10x |
| Short | Gate USUAL_USDT | 0.01371 | 0.0100 | get 0.0100% / 8h | 19m 28s | $927K | $213K | 50x |
Kraken Futures PF_USUALUSD
Gate USUAL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $182.63
- Price spread: +0.252% → +0.070%
- $18.2
- Slippage, 4 orders
- −$313.88
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$138.05
- Costs to cover
- 3.389%
- Break-even
- 12.3 days
Slippage from Kraken Futures: live order book, 58 min ago; Gate: live order book, 57 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, 58 min ago | 26.96 bp | 34.7 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 57 min ago | 3.69 bp | 152.9 bp −$153 | doesn't fit | 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 | −0.4582% | 1h | 0.01360 | −0.553% | $6K | $2K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSDlong | −0.0770% | 1h | 0.01368 | long leg | $111K | $18K | 10x | |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01370 | +0.178% | $394K | $201K | 3x | as long as short |
| Binance USUALUSDT | +0.0100% | 4h | 0.01368 | +0.029% | $2.1M | $3.4M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01370 | +0.193% | $1.0M | $821K | 25x | as long as short |
| Gate USUAL_USDTshort | +0.0100% | 8h | 0.01371 | +0.252% | $927K | $213K | 50x | |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01368 | +0.040% | $6.0M | $248K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01370 | +0.178% | $279K | $60K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01371 | +0.252% | $831K | $453K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01369 | +0.098% | — | $1.2M | — | as long as short |
Injective USUAL/USDC PERP
Hyperliquid USUAL
Binance USUALUSDT
Bybit USUALUSDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDT
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 | 0.01371 | +0.223% | $9K | $208 | — | as long as short |
Variational Omni USUAL