Funding you earn now, next payment 02:00 UTC−0.0126%/8h= −13.8% APRpaid last 24h +0.094%
Price spread now: Bitget against Kraken Futures−0.265%7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$800.804% of the position
Funding, last 7 days−0.341%−$34 on $10k
+Price spread, last 3 days (all we have)+0.196%+$20 · spread now −0.265%, 7d avg −0.074%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bitget is 0.191% cheaper against Kraken Futures than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.074%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ETHFIUSD | 0.7173 | 0.0226 | pay 0.0028% / 1h | 3m 12s | $275K | $188K | 20x |
| Short | Bitget ETHFIUSDT | 0.7154 | 0.0100 | get 0.0050% / 4h | 2h 03m | $6.2M | $5.3M | 75x |
Kraken Futures PF_ETHFIUSD
Bitget ETHFIUSDTFunding 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
- −$26.46
- Price spread: −0.265% → −0.074%
- −$19.11
- Slippage, 4 orders
- −$58.4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$125.97
- Costs to cover
- 0.804%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 64 min ago; Bitget: live order book, 5 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, 64 min ago | 6.91 bp | 22.6 bp −$23 | 130.4 bp −$1,304 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 2.80 bp | 13.5 bp −$14 | 41.6 bp −$416 | doesn't fit | doesn't fit |
ETHFI on 23 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 ETHFI_USDC-PERPETUAL | −0.0308% | 1h | 0.7163 | −0.140% | $41K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0199% | 4h | 0.7161 | −0.168% | $16K | $1K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0111% | 4h | 0.7148 | −0.349% | $88K | $168K | 20x | as long as short |
| Variational Omni ETHFI | +0.0030% | 4h | 0.7139 | −0.478% | $1.1M | $717K | — | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.934% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0064% | 8h | 0.7159 | −0.192% | $6K | — | 5x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7171 | −0.028% | $1.1M | $888K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7165 | −0.109% | $17.9M | $8.1M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7164 | −0.126% | $183K | $258K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7156 | −0.237% | $24.9M | $35.9M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
HTX ETHFI-USDT
Variational Omni ETHFI
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Binance ETHFIUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7161 | −0.168% | $18.0M | $12.5M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7164 | −0.126% | $5.0M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7160 | −0.182% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7157 | −0.223% | $15.5M | $4.0M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7155 | −0.251% | $1.2M | $254K | 50x | as long as short |
| Bitget ETHFIUSDTshort | +0.0100% | 4h | 0.7154 | −0.265% | $6.2M | $5.3M | 75x | |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7160 | −0.182% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7186 | +0.175% | $71K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7164 | −0.126% | $2K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7158 | −0.209% | $97K | $376K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7160 | −0.182% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0160% | 1h | 0.7253 | +1.115% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSDlong | +0.0226% | 1h | 0.7173 | long leg | $275K | $188K | 20x |
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX