Funding you earn now, next payment 03:00 UTC−0.0227%/8h= −24.9% APRpaid last 24h −0.026%
Price spread now: Kraken Futures against Bitget+0.427%7-day average +0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$690.690% of the position
Funding, last 7 days−0.189%−$19 on $10k
+Price spread, last 3 days (all we have)−0.324%−$32 · spread now +0.427%, 7d avg +0.065%
=The price spread pays, funding is against you. Kraken Futures is 0.362% dearer against Bitget than usual: you sell high and buy low (spread +0.427% now, against its 7-day average of +0.065%): +$36 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 5.3 days. At the pace of the last 7 days (−0.189% in total) that is about 13 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget FILUSDT | 0.9968 | 0.0100 | pay 0.0100% / 8h | 5h 55m | $11.0M | $20.2M | 75x |
| Short | Kraken Futures PF_FILUSD | 1.0011 | −0.0127 | pay 0.0016% / 1h | 55m 31s | $1.4M | $2.3M | 50x |
Bitget FILUSDT
Kraken Futures PF_FILUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. 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
- −$47.73
- Price spread: +0.427% → +0.065%
- $36.23
- Slippage, 4 orders
- −$47
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$80.51
- Costs to cover
- 0.690%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; Kraken Futures: live order book, 3 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 Bitget live order book, 3 min ago | 0.50 bp | 11.8 bp −$12 | 25.2 bp −$252 | 64.4 bp −$6,441 | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 6.50 bp | 19.8 bp −$20 | 40.8 bp −$408 | doesn't fit | doesn't fit |
FIL on 28 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International FIL-PERP-INTX | −0.0256% | 1h | 1.0010 | +0.421% | $379K | $2.1M | 50x | as long as short |
| Kraken Futures PF_FILUSDshort | −0.0127% | 1h | 1.0011 | +0.427% | $1.4M | $2.3M | 50x | |
| OKX FIL-USDT-SWAP | −0.0059% | 8h | 0.9966 | −0.020% | $18.9M | $98.3M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0037% | 8h | 0.9975 | +0.070% | $7.4M | $7.2M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 1.0026 | +0.579% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9975 | +0.072% | $58K | $2K | 10x | as long as short |
| Deribit FIL_USDC-PERPETUAL | 0.0000% | 1h | 1.0026 | +0.582% | $172K | $23K | 25x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.134% | $2K | $240K | 12x | as long as short |
| Binance FILUSDT | +0.0048% | 8h | 0.9968 | −0.001% | $57.6M | $177.0M | 75x | as long as short |
| Extended FIL-USD | +0.0048% | 1h | 0.9968 | −0.004% | $702K | $3.3M | 10x | as long as short |
Coinbase International FIL-PERP-INTX
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Deribit FIL_USDC-PERPETUAL
Injective FIL/USDC PERP
Binance FILUSDT
Extended FIL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0084% | 8h | 0.9978 | +0.100% | $244K | $102K | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9970 | +0.022% | $159K | $352K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9987 | +0.192% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9990 | +0.222% | $510K | $582K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9969 | +0.010% | $15.6M | $19.0M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9974 | +0.060% | $8.5M | $16.3M | 50x | as long as short |
| Bitget FILUSDTlong | +0.0100% | 8h | 0.9968 | long leg | $11.0M | $20.2M | 75x | |
| BingX FIL-USDC | +0.0100% | 8h | 0.9974 | +0.060% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 1.0031 | +0.630% | $450K | $266K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9967 | −0.006% | $46K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9969 | +0.012% | $292K | $863K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9970 | +0.020% | $30K | $185K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0034 | +0.660% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 1.0000 | +0.321% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 1.0004 | +0.361% | $485 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9998 | +0.301% | $643K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9990 | +0.221% | $1.1M | $2.4M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0575% / S −0.0237% | 1h | 1.0035 | +0.672% | $268K | — | 100x | as long as short |
MEXC FIL_USDC
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
BingX FIL-USDC
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
GMX FIL/USD [WBTC.b-USDC]