Funding you earn now, next payment 01:00 UTC−0.1222%/8h= −133.8% APRpaid last 24h −0.009%
Price spread now: Gate against Kraken Futures−0.417%7-day average −0.208% · you buy dearer than you sell
Net, funding: paid 7d − costs−$813as in the Funding arb table
Net, price: spread back to 7d avg − costs−$821as in the Price arb table
costs, in and out, $10k−$8018.005% of the position
Funding, last 7 days−0.126%−$13 on $10k
+Price spread, last 3 days (all we have)+0.490%+$49 · spread now −0.417%, 7d avg −0.208%
=Both sides work against this trade now: funding costs −$37 a day on $10k at the current rate, and Gate is 0.209% cheaper against Kraken Futures than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.208%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.126% in total (about -6.6% 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_WUSD | 0.01190 | 0.1322 | pay 0.0165% / 1h | 29m 11s | $147K | $181K | 20x |
| Short | Gate W_USDT | 0.01185 | 0.0100 | get 0.0050% / 4h | 3h 29m | $447K | $284K | 75x |
Kraken Futures PF_WUSD
Gate W_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
- −$256.62
- Price spread: −0.417% → −0.208%
- −$20.92
- Slippage, 4 orders
- −$775.51
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$1,078.05
- Costs to cover
- 8.005%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 43 min ago; Gate: live order book, 41 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, 43 min ago | 11.42 bp | 77.6 bp −$78 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 41 min ago | 8.48 bp | 400.3 bp −$400 | 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 | −0.0340% | 1h | 0.01186 | −0.265% | $16K | $2K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +1.634% | $1K | $1K | 12x | as long as short |
| OKX W-USDT-SWAP | +0.0088% | 4h | 0.01185 | −0.341% | $1.3M | $2.0M | 20x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01187 | −0.215% | $2.0M | $412K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01186 | −0.261% | $3.0M | $6.7M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01185 | −0.417% | $4.1M | $1.9M | 50x | as long as short |
| Gate W_USDTshort | +0.0100% | 4h | 0.01185 | −0.417% | $447K | $284K | 75x | |
| MEXC W_USDT | +0.0100% | 4h | 0.01187 | −0.249% | $12.9M | $1.5M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01187 | −0.215% | $456K | $217K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01186 | −0.299% | $1.3M | $569K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
OKX W-USDT-SWAP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01185 | −0.350% | — | $6.9M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01185 | −0.357% | $71K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01186 | −0.299% | $125K | $375K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01186 | −0.280% | $61K | $305K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0280% | 1h | 0.01191 | +0.130% | $14K | $16K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.1316% | 1h | 0.01188 | −0.123% | $44K | $44K | 15x | as long as short |
| Kraken Futures PF_WUSDlong | +0.1322% | 1h | 0.01190 | long leg | $147K | $181K | 20x |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP