Funding you earn now, next payment 08:00 UTC+0.1216%/8h= +133.2% APRpaid last 24h +0.197%
Price spread now: Kraken Futures against KuCoin+0.270%7-day average +0.126% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2,900as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,904as in the Price arb table
costs, in and out, $10k−$2,91829.184% of the position
Funding, last 7 days+0.189%+$19 on $10k
+Price spread, last 4 days (all we have)−0.420%−$42 · spread now +0.270%, 7d avg +0.126%
=Both sides work for this trade now. Funding pays +$36 a day on $10k at the current rate, and Kraken Futures is 0.145% dearer against KuCoin than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.126%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.189% in total (about 9.8% 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 | KuCoin WUSDTM | 0.01181 | 0.0100 | pay 0.0050% / 4h | 48m 05s | $389K | $192K | 50x |
| Short | Kraken Futures PF_WUSD | 0.01184 | 0.1316 | get 0.0165% / 1h | 48m 05s | $148K | $122K | 20x |
KuCoin WUSDTM
Kraken Futures PF_WUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against KuCoin. 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
- $255.44
- Price spread: +0.270% → +0.126%
- $14.48
- Slippage, 4 orders
- −$2,896.41
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$2,648.49
- Costs to cover
- 29.184%
- Break-even
- 79.6 days
Slippage from KuCoin: live order book, 55 min ago; Kraken Futures: live order book, 54 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 KuCoin live order book, 55 min ago | 12.56 bp | 154.4 bp −$154 | 479.8 bp −$4,798 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 54 min ago | 35.21 bp | 44.0 bp −$44 | 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 | 0.0000% | 1h | 0.01182 | +0.093% | $14K | $4K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.371% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01183 | +0.169% | $2.0M | $275K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01182 | +0.071% | $3.0M | $5.2M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01180 | −0.102% | $4.1M | $1.6M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01181 | +0.025% | $1.3M | $1.5M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01177 | −0.356% | $428K | $232K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01182 | +0.059% | $12.4M | $1.3M | 50x | as long as short |
| KuCoin WUSDTMlong | +0.0100% | 4h | 0.01181 | long leg | $389K | $192K | 50x | |
| Bitget WUSDT | +0.0100% | 4h | 0.01182 | +0.085% | $1.3M | $569K | 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 | 0.01181 | +0.025% | — | $6.7M | — | as long as short |
| Backpack W_USDC_PERP | +0.0100% | 1h | 0.01184 | +0.246% | $50K | $41K | 15x | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01177 | −0.354% | $71K | $41K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01177 | −0.310% | $126K | $390K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01181 | +0.035% | $61K | $315K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0384% | 1h | 0.01196 | +1.279% | $14K | $13K | 50x | as long as short |
| Kraken Futures PF_WUSDshort | +0.1316% | 1h | 0.01184 | +0.270% | $148K | $122K | 20x |
BingX W-USDT
Backpack W_USDC_PERP
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX