Funding you earn now, next payment 05:00 UTC+0.1665%/8h= +182.3% APRpaid last 24h +0.112%
Price spread now: Kraken Futures against Bitget+0.335%7-day average +0.132% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,858as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,851as in the Price arb table
costs, in and out, $10k−$1,87218.717% of the position
Funding, last 7 days+0.133%+$13 on $10k
+Price spread, last 4 days (all we have)−0.548%−$55 · spread now +0.335%, 7d avg +0.132%
=Both sides work for this trade now. Funding pays +$50 a day on $10k at the current rate, and Kraken Futures is 0.203% dearer against Bitget than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.132%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.133% in total (about 6.9% 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 | Bitget WUSDT | 0.01182 | 0.0100 | pay 0.0050% / 4h | 3h 24m | $1.3M | $551K | 50x |
| Short | Kraken Futures PF_WUSD | 0.01186 | 0.1765 | get 0.0221% / 1h | 24m 53s | $147K | $185K | 20x |
Bitget WUSDT
Kraken Futures PF_WUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. 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
- $349.68
- Price spread: +0.335% → +0.132%
- $20.31
- Slippage, 4 orders
- −$1,849.7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$1,501.7
- Costs to cover
- 18.717%
- Break-even
- 37.1 days
Slippage from Bitget: live order book, 1 min ago; Kraken Futures: 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 Bitget live order book, 1 min ago | 8.46 bp | 30.5 bp −$30 | 185.6 bp −$1,856 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 28 min ago | 13.03 bp | 56.7 bp −$57 | doesn't fit | doesn't fit | doesn't fit |
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.0003% | 1h | 0.01183 | +0.118% | $15K | $3K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.284% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01182 | 0.000% | $2.0M | $323K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01181 | −0.076% | $2.9M | $5.9M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01179 | −0.220% | $4.1M | $1.7M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01180 | −0.169% | $1.3M | $1.8M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01180 | −0.169% | $445K | $212K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01182 | −0.034% | $12.7M | $1.3M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01183 | +0.085% | $379K | $203K | 50x | as long as short |
| Bitget WUSDTlong | +0.0100% | 4h | 0.01182 | long leg | $1.3M | $551K | 50x |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
OKX W-USDT-SWAP
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01180 | −0.186% | — | $6.8M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01180 | −0.141% | $71K | $39K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01187 | +0.446% | $128K | $402K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01182 | +0.017% | $61K | $235K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0440% | 1h | 0.01195 | +1.134% | $14K | $14K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.1608% | 1h | 0.01184 | +0.186% | $44K | $42K | 15x | as long as short |
| Kraken Futures PF_WUSDshort | +0.1765% | 1h | 0.01186 | +0.335% | $147K | $185K | 20x |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP