Funding you earn now, next payment 23:00 UTC+0.0065%/8h= +7.2% APRpaid last 24h −0.058%
Price spread now: Bitget against Kraken Futures−0.211%48s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Bitget is 0.211% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.211% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 11 days of funding at the current rate (+$2 a day). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZRXUSD | 0.1196 | 0.0035 | pay 0.0004% / 1h | 4m 35s | $39K | $4K | 10x |
| Short | Bitget ZRXUSDT | 0.1193 | 0.0100 | get 0.0050% / 4h | 1h 04m | $580K | $123K | 50x |
Kraken Futures PF_ZRXUSD
Bitget ZRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $13.75
- Price spread: −0.211% → 0.000%
- −$21.08
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$29.33
- Costs to cover
- 0.220%
- Break-even
- 21.9 days
Slippage unknown: Kraken Futures: no order-book sample; Bitget: live order book, 10 min ago. Net counts fees only.
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 no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 10 min ago | 8.38 bp | 37.9 bp −$38 | 98.1 bp −$981 | doesn't fit | doesn't fit |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ZRX 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZRXUSDTM | −0.0274% | 4h | 0.1191 | −0.378% | $324K | $59K | 30x | as long as short |
| Bybit ZRXUSDT | −0.0057% | 8h | 0.1193 | −0.177% | $1.4M | $341K | 25x | as long as short |
| Kraken Futures PF_ZRXUSDlong | +0.0035% | 1h | 0.1196 | long leg | $39K | $4K | 10x | |
| BloFin ZRX-USDT | +0.0074% | 4h | 0.1192 | −0.294% | $95K | $19K | 50x | as long as short |
| Binance ZRXUSDT | +0.0100% | 4h | 0.1193 | −0.208% | $1.8M | $1.2M | 50x | as long as short |
| OKX ZRX-USDT-SWAP | +0.0100% | 4h | 0.1192 | −0.278% | $530K | $258K | 20x | as long as short |
| Gate ZRX_USDT | +0.0100% | 8h | 0.1192 | −0.311% | $146K | $41K | 75x | as long as short |
| MEXC ZRX_USDT | +0.0100% | 4h | 0.1193 | −0.211% | $906K | $167K | 50x | as long as short |
| Bitget ZRXUSDTshort | +0.0100% | 4h | 0.1193 | −0.211% | $580K | $123K | 50x | |
| BingX ZRX-USDT | +0.0100% | 4h | 0.1193 | −0.211% | — | $2.3M | — | as long as short |
KuCoin ZRXUSDTM
Bybit ZRXUSDT
BloFin ZRX-USDT
Binance ZRXUSDT
OKX ZRX-USDT-SWAP
Gate ZRX_USDT
MEXC ZRX_USDT
BingX ZRX-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ZRX | +0.0100% | 8h | 0.1192 | −0.258% | $23K | $41K | — | as long as short |
Variational Omni ZRX