Funding you earn now, next payment 07:00 UTC−0.1444%/8h= −158.2% APRpaid last 24h −0.163%
Price spread now: KuCoin against Kraken Futures−0.224%7-day average −0.126% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2,935as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,928as in the Price arb table
costs, in and out, $10k−$2,91829.184% of the position
Funding, last 7 days−0.170%−$17 on $10k
+Price spread, last 4 days (all we have)+0.398%+$40 · spread now −0.224%, 7d avg −0.126%
=Both sides work against this trade now: funding costs −$43 a day on $10k at the current rate, and KuCoin is 0.098% cheaper against Kraken Futures than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.126%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.170% in total (about -8.9% 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 | Kraken Futures PF_WUSD | 0.01192 | 0.1544 | pay 0.0193% / 1h | 39m 33s | $148K | $188K | 20x |
| Short | KuCoin WUSDTM | 0.01189 | 0.0100 | get 0.0050% / 4h | 1h 39m | $398K | $195K | 50x |
Kraken Futures PF_WUSD
KuCoin WUSDTMFunding 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
- −$303.34
- Price spread: −0.224% → −0.126%
- −$9.82
- Slippage, 4 orders
- −$2,896.41
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$3,231.57
- Costs to cover
- 29.184%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; KuCoin: live order book, 4 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, 3 min ago | 35.21 bp | 2583.0 bp −$2,583 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 12.56 bp | 137.0 bp −$137 | 392.5 bp −$3,925 | 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 | 0.0000% | 1h | 0.01190 | −0.165% | $14K | $3K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +1.454% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01188 | −0.308% | $2.0M | $286K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01187 | −0.358% | $3.0M | $5.4M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01185 | −0.518% | $4.2M | $1.6M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01187 | −0.383% | $1.3M | $1.6M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01187 | −0.375% | $429K | $234K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01186 | −0.442% | $12.4M | $1.4M | 50x | as long as short |
| KuCoin WUSDTMshort | +0.0100% | 4h | 0.01189 | −0.224% | $398K | $195K | 50x | |
| Bitget WUSDT | +0.0100% | 4h | 0.01188 | −0.308% | $1.3M | $590K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
OKX W-USDT-SWAP
Gate W_USDT
MEXC W_USDT
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 | −0.518% | — | $6.7M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01189 | −0.220% | $72K | $41K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01191 | −0.056% | $126K | $382K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01187 | −0.400% | $60K | $145K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0304% | 1h | 0.01196 | +0.372% | $14K | $14K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.1195% | 1h | 0.01192 | −0.014% | $44K | $39K | 15x | as long as short |
| Kraken Futures PF_WUSDlong | +0.1544% | 1h | 0.01192 | long leg | $148K | $188K | 20x |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP