Funding you earn now, next payment 07:00 UTC+0.0481%/8h= +52.7% APRpaid last 24h +0.098%
Price spread now: KuCoin against Kraken Futures−0.040%52s7-day average −0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$261as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2922.922% of the position
Funding, last 7 days+0.312%+$31 on $10k
+Price spread, last 4 days (all we have)−0.073%−$7 · spread now −0.040%, 7d avg −0.075%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and KuCoin is 0.035% dearer against Kraken Futures than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.075%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.312% in total (about 16.3% 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_COMPUSD | 22.639 | −0.0381 | get 0.0048% / 1h | 54m 23s | $224K | $95K | 20x |
| Short | KuCoin COMPUSDTM | 22.630 | 0.0100 | get 0.0100% / 8h | 1h 54m | $409K | $113K | 30x |
Kraken Futures PF_COMPUSD
KuCoin COMPUSDTMFunding 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
- $101
- Price spread: −0.040% → −0.075%
- $3.45
- Slippage, 4 orders
- −$270.15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$187.71
- Costs to cover
- 2.922%
- Break-even
- 20.0 days
Slippage from Kraken Futures: live order book, 53 min ago; KuCoin: live order book, 64 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, 53 min ago | 11.28 bp | 37.0 bp −$37 | 299.7 bp −$2,997 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 64 min ago | 13.35 bp | 145.2 bp −$145 | doesn't fit | doesn't fit | doesn't fit |
COMP on 16 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 COMP_USDC-PERPETUAL | −0.0634% | 1h | 22.600 | −0.173% | $217 | $439 | 50x | as long as short |
| Kraken Futures PF_COMPUSDlong | −0.0381% | 1h | 22.639 | long leg | $224K | $95K | 20x | |
| dYdX COMP-USD | 0.0000% | 1h | 22.640 | +0.004% | $69K | — | 5x | as long as short |
| Injective COMP/USDC PERP | +0.0033% | 1h | 22.820 | +0.799% | $1K | $13K | 12x | as long as short |
| Binance COMPUSDT | +0.0083% | 8h | 22.590 | −0.217% | $4.2M | $6.6M | 75x | as long as short |
| MEXC COMP_USDT | +0.0086% | 8h | 22.610 | −0.129% | $2.6M | $815K | 20x | as long as short |
| BloFin COMP-USDT | +0.0091% | 8h | 22.620 | −0.085% | $236K | $177K | 20x | as long as short |
| Hyperliquid COMP | +0.0100% | 1h | 22.604 | −0.158% | $814K | $338K | 5x | as long as short |
| Bybit COMPUSDT | +0.0100% | 8h | 22.595 | −0.195% | $3.8M | $1.7M | 75x | as long as short |
| OKX COMP-USDT-SWAP | +0.0100% | 8h | 22.600 | −0.173% | $1.7M | $2.3M | 20x | as long as short |
Deribit COMP_USDC-PERPETUAL
dYdX COMP-USD
Injective COMP/USDC PERP
Binance COMPUSDT
MEXC COMP_USDT
BloFin COMP-USDT
Hyperliquid COMP
Bybit COMPUSDT
OKX COMP-USDT-SWAPShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate COMP_USDT | +0.0100% | 8h | 22.650 | +0.048% | $221K | $59K | 25x | as long as short |
| KuCoin COMPUSDTMshort | +0.0100% | 8h | 22.630 | −0.040% | $409K | $113K | 30x | |
| Bitget COMPUSDT | +0.0100% | 8h | 22.590 | −0.217% | $1.9M | $613K | 75x | as long as short |
| BingX COMP-USDT | +0.0100% | 8h | 22.610 | −0.129% | — | $34.4M | — | as long as short |
| Variational Omni COMP | +0.0100% | 8h | 22.631 | −0.036% | $14K | $30K | — | as long as short |
| Coinbase International COMP-PERP-INTX | +0.0520% | 1h | 22.720 | +0.357% | $17K | $43K | 25x | as long as short |
Gate COMP_USDT
Bitget COMPUSDT
BingX COMP-USDT
Variational Omni COMP
Coinbase International COMP-PERP-INTX