Funding you earn now, next payment 09:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.007%
Price spread now: Kraken Futures against Gate+0.009%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$260.255% of the position
Funding, last 7 days+0.065%+$7 on $10k
+Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.009%, 7d avg +0.020%
=The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.065%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BTC_USDT | 85,457 | 0.0100 | pay 0.0100% / 8h | 7h 32m | $5.50B | $9.91B | 200x |
| Short | Kraken Futures PF_XBTUSD | 85,464.9 | 0.0068 | get 0.0009% / 1h | 32m 57s | $185.7M | $937.1M | 100x |
Gate BTC_USDT
Kraken Futures PF_XBTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. 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
- −$6.68
- Price spread: +0.009% → +0.020%
- −$1.05
- Slippage, 4 orders
- −$0.54
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$33.27
- Costs to cover
- 0.255%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 min ago; Kraken Futures: live order book, 6 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 Gate live order book, 1 min ago | 0.01 bp | 7.5 bp −$8 | 7.5 bp −$75 | 7.7 bp −$767 | 11.5 bp −$5,743 |
| Sell Kraken Futures live order book, 6 min ago | 0.06 bp | 5.2 bp −$5 | 5.9 bp −$59 | 7.2 bp −$716 | 8.5 bp −$4,273 |
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.1466% | 1h | 85,481.2 | +0.028% | $194K | $796K | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,434 | −0.027% | $8K | $2K | 50x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,441.3 | −0.018% | $422.6M | $676.5M | 150x | as long as short |
| Injective BTC/USDC PERP | −0.0006% | 1h | 85,438 | −0.022% | $307K | $25.0M | 52x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,447.3 | −0.011% | $352K | $2.3M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,460 | +0.004% | $36.5M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0015% | 8h | 85,449.5 | −0.009% | $936.7M | $770.9M | 125x | as long as short |
| Aster BTCUSDT | +0.0033% | 8h | 85,447.6 | −0.011% | $502.7M | $1.08B | 200x | as long as short |
| dYdX BTC-USD | +0.0052% | 1h | 85,470 | +0.015% | $16.7M | $21.0M | 50x | as long as short |
| Kraken Futures PF_XBTUSDshort | +0.0068% | 1h | 85,464.9 | +0.009% | $185.7M | $937.1M | 100x |
Bluefin BTC-PERP
Hotstuff BTC-PERP
BloFin BTC-USDT
Injective BTC/USDC PERP
01 Exchange BTCUSD
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Aster BTCUSDT
dYdX BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | +0.0075% | 1h | 85,542 | +0.099% | $2.3M | $10.4M | 40x | as long as short |
| BingX BTC-USDC | +0.0080% | 8h | 85,428.8 | −0.033% | — | $17.4M | — | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,470.2 | +0.015% | $170.7M | $945.0M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,470.3 | +0.016% | $23.5M | $134.5M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,442 | −0.018% | $8.7M | $58.1M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,441.6 | −0.018% | $2.4M | $6.7M | 20x | as long as short |
| Nado BTC-PERP | +0.0098% | 1h | 85,436.9 | −0.024% | $24.0M | $216.0M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,421 | −0.042% | $265K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,471.4 | +0.017% | $5.7M | $9.3M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,461.8 | +0.006% | $40.5M | $604.9M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,447.1 | −0.012% | $9.40B | $24.94B | 150x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,464.3 | +0.009% | $5.09B | $9.89B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,454.4 | −0.003% | $2.61B | $12.08B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,425 | −0.037% | $3.9M | $17.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,451.5 | −0.006% | $4.7M | $97.1M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,499.9 | +0.050% | $701.6M | $160.9M | 40x | as long as short |
| Gate BTC_USDTlong | +0.0100% | 8h | 85,457 | long leg | $5.50B | $9.91B | 200x | |
| MEXC BTC_USDT | +0.0100% | 8h | 85,450 | −0.008% | $5.05B | $5.74B | 500x | as long as short |
| Bitget BTCUSDT | +0.0100% | 8h | 85,448.3 | −0.010% | $2.97B | $5.12B | 150x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,439.8 | −0.020% | $37.6M | $193.4M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,485.8 | +0.034% | $155.9M | $543.2M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,484.1 | +0.032% | $283.5M | $961.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,507.3 | +0.059% | $214.8M | $155.4M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,522 | +0.076% | $136.9M | $312.6M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,504 | +0.055% | $30.1M | $218.7M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,526.2 | +0.081% | — | $10.0M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,325 | −0.154% | $10.9M | $14.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,443.8 | −0.015% | $197K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,435.8 | −0.025% | $2.7M | $9.8M | 100x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,450.5 | −0.008% | $3.0M | $6.6M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,446 | −0.013% | $59.8M | $336.5M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,440.5 | −0.019% | $2.26B | $971.6M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,466.4 | +0.011% | $162.8M | $513.5M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,427.6 | −0.034% | $45.8M | $239.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,444.3 | −0.015% | — | $107.0M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,496.9 | +0.047% | $112.2M | $5.42B | 50x | as long as short |
| Derive BTC-PERP | +0.0123% | 1h | 85,569.1 | +0.131% | $28.9M | $52.4M | 15x | as long as short |
| Reya BTCRUSDPERP | +0.0149% | 1h | 85,458.2 | +0.001% | $6.6M | $138.0M | 40x | as long as short |
| Hyperliquid BTC | +0.0165% | 1h | 85,535 | +0.091% | $3.84B | $5.14B | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0174% / S −0.0149% | 1h | 85,445.3 | −0.014% | $13.0M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,464.4 | +0.009% | $9.0M | $42.3M | 25x | as long as short |
| Deribit BTC-PERPETUAL | +0.0194% | 1h | 85,498.3 | +0.048% | $828.3M | $1.65B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0195% | 8h | 85,494 | +0.043% | $10.7M | $736.7M | 6.4x | as long as short |
| Aftermath Perps BTCUSD | +0.0325% | 1h | 85,493 | +0.042% | $79K | $256K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0352% | 1h | 85,520 | +0.074% | $688K | $7.6M | 30x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,518.9 | +0.072% | $466K | $18.1M | 6.7x | as long as short |
Phoenix BTC
BingX BTC-USDC
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Nado BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Pacifica BTC
Binance BTCUSDT
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
MEXC BTC_USDT
Bitget BTCUSDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Derive BTC-PERP
Reya BTCRUSDPERP
Hyperliquid BTC
GMX BTC/USD [WBTC.b-USDC]
RISEx BTC/USDC
Deribit BTC-PERPETUAL
Kalshi KXBTCPERP
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Perpl BTC