Funding you earn now, next payment 02:00 UTC+0.0153%/8h= +16.7% APRpaid last 24h +0.018%
Price spread now: KuCoin against Kraken Futures−0.084%7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$660.657% of the position
Funding, last 7 days+0.039%+$4 on $10k
+Price spread, last 3 days (all we have)+0.019%+$2 · spread now −0.084%, 7d avg −0.032%
=Funding pays, the price is against you. KuCoin is 0.052% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of −0.032%). If the spread goes back, that is −$5 on $10k: about 27 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.039% in total) that is about 9.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_FILUSD | 0.9991 | −0.0192 | get 0.0024% / 1h | 35m 13s | $1.4M | $2.4M | 50x |
| Short | KuCoin FILUSDTM | 0.9983 | −0.0039 | pay 0.0039% / 8h | 6h 35m | $7.4M | $7.3M | 50x |
Kraken Futures PF_FILUSD
KuCoin FILUSDTMFunding 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
- $32.03
- Price spread: −0.084% → −0.032%
- −$5.16
- Slippage, 4 orders
- −$43.67
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$38.8
- Costs to cover
- 0.657%
- Break-even
- 15.5 days
Slippage from Kraken Futures: live order book, 3 min ago; KuCoin: live order book, 8 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, 3 min ago | 3.52 bp | 17.1 bp −$17 | 36.1 bp −$361 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 8 min ago | 3.01 bp | 16.3 bp −$16 | 42.8 bp −$428 | doesn't fit | doesn't fit |
FIL on 29 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 | −0.0296% | 1h | 0.9971 | −0.204% | $364K | $2.1M | 50x | as long as short |
| Kraken Futures PF_FILUSDlong | −0.0192% | 1h | 0.9991 | long leg | $1.4M | $2.4M | 50x | |
| OKX FIL-USDT-SWAP | −0.0061% | 8h | 0.9987 | −0.044% | $18.5M | $100.4M | 50x | as long as short |
| KuCoin FILUSDTMshort | −0.0039% | 8h | 0.9983 | −0.084% | $7.4M | $7.3M | 50x | |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9977 | −0.148% | $36K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9971 | −0.202% | $58K | $2K | 10x | as long as short |
| Deribit FIL_USDC-PERPETUAL | 0.0000% | 1h | 0.9990 | −0.014% | $172K | $23K | 25x | as long as short |
| Binance FILUSDT | +0.0030% | 8h | 0.9985 | −0.065% | $57.8M | $183.4M | 75x | as long as short |
| Extended FIL-USD | +0.0032% | 1h | 0.9976 | −0.155% | $697K | $3.3M | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.365% | $2K | $240K | 12x | as long as short |
Coinbase International FIL-PERP-INTX
OKX FIL-USDT-SWAP
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Deribit FIL_USDC-PERPETUAL
Binance FILUSDT
Extended FIL-USD
Injective FIL/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0071% | 8h | 0.9980 | −0.114% | $245K | $104K | 50x | as long as short |
| Gate FIL_USDT | +0.0091% | 8h | 0.9977 | −0.144% | $8.3M | $16.2M | 50x | as long as short |
| BloFin FIL-USDT | +0.0093% | 8h | 0.9993 | +0.016% | $2.7M | $610K | 75x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9981 | −0.106% | $160K | $352K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9972 | −0.196% | $8.5M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9978 | −0.137% | $510K | $605K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9988 | −0.034% | $15.9M | $19.1M | 25x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9976 | −0.154% | $11.0M | $22.1M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9974 | −0.174% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9985 | −0.065% | $449K | $269K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9947 | −0.445% | $46K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9955 | −0.363% | $293K | $863K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9960 | −0.314% | $30K | $193K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9982 | −0.094% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9970 | −0.214% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9983 | −0.084% | $491 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9988 | −0.034% | $647K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9990 | −0.014% | $1.1M | $2.3M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0573% / S −0.0237% | 1h | 0.9976 | −0.149% | $266K | — | 100x | as long as short |
MEXC FIL_USDC
Gate FIL_USDT
BloFin FIL-USDT
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Bitget FILUSDT
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]