Funding you earn now, next payment 01:00 UTC+0.0741%/8h= +81.1% APRpaid last 24h +0.214%
Price spread now: KuCoin against Kraken Futures+0.103%7-day average +0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,678as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,639as in the Price arb table
costs, in and out, $10k−$1,64216.419% of the position
Funding, last 7 days−0.356%−$36 on $10k
+Price spread, last 3 days (all we have)+0.122%+$12 · spread now +0.103%, 7d avg +0.071%
=Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and KuCoin is 0.031% dearer against Kraken Futures than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.071%. Mind the row above: over the last 7 days funding on this pair cost −0.356%, 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 -0.356% in total (about -18.6% 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 | 0.01377 | −0.0641 | get 0.0080% / 1h | 22m 43s | $112K | $18K | 10x |
| Short | KuCoin USUALUSDTM | 0.01378 | 0.0100 | get 0.0050% / 4h | 3h 22m | $271K | $62K | 20x |
Kraken Futures PF_USUALUSD
KuCoin USUALUSDTMFunding 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
- $155.52
- Price spread: +0.103% → +0.071%
- $3.14
- Slippage, 4 orders
- −$1,619.93
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,483.27
- Costs to cover
- 16.419%
- Break-even
- 73.8 days
Slippage from Kraken Futures: live order book, 49 min ago; KuCoin: live order book, 28 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, 49 min ago | 31.67 bp | 42.5 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 28 min ago | 21.71 bp | 596.9 bp −$597 | 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 | −0.4996% | 1h | 0.01358 | −1.350% | $6K | $2K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSDlong | −0.0641% | 1h | 0.01377 | long leg | $112K | $18K | 10x | |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01378 | +0.103% | $396K | $185K | 3x | as long as short |
| Binance USUALUSDT | +0.0100% | 4h | 0.01377 | +0.052% | $2.2M | $3.4M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01379 | +0.139% | $1.0M | $800K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01380 | +0.248% | $933K | $212K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01377 | +0.044% | $6.0M | $245K | 100x | as long as short |
| KuCoin USUALUSDTMshort | +0.0100% | 4h | 0.01378 | +0.103% | $271K | $62K | 20x | |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01379 | +0.175% | $827K | $421K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01377 | +0.044% | — | $1.2M | — | as long as short |
Injective USUAL/USDC PERP
Hyperliquid USUAL
Binance USUALUSDT
Bybit USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
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 | 0.01378 | +0.111% | $9K | $208 | — | as long as short |
Variational Omni USUAL