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Funding arb · Price arb /

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 22:00 UTC+0.1229%/8h= +134.5% APRpaid last 24h +0.286%
Price spread now: Bitget against Kraken Futures−0.186%48s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Kraken FuturesShort on Bitget
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Funding pays, the price is against you. Bitget is 0.186% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.186% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 12 hours of funding at the current rate (+$37 a day). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_GMTUSD0.008338−0.1129get 0.0141% / 1h6m 30s$47K$8K20x
ShortBitget GMTUSDT0.0083220.0100get 0.0050% / 4h2h 06m$670K$403K50x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$258.01
Price spread: −0.186% → 0.000%
−$18.61
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
$217.4
Costs to cover
0.220%
Break-even
1.1 days
Slippage unknown: Kraken Futures: no order-book sample; Bitget: live order book, 14 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures no order-book sample—————
Sell Bitget live order book, 14 min ago8.98 bp24.9 bp −$25305.5 bp −$3,055doesn't fitdoesn't fit
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

GMT on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_GMTUSDlong−0.1129%1h0.008338long leg$47K$8K20x
KuCoin GMTUSDTM+0.0054%4h0.008320−0.210%$257K$99K50xas long as short
Hyperliquid GMT+0.0100%1h0.008327−0.126%$122K$123K3xas long as short
Aster GMTUSDT+0.0100%4h0.008331−0.083%$8K$14K10xas long as short
Binance GMTUSDT+0.0100%4h0.008326−0.139%$2.6M$3.0M50xas long as short
Bybit GMTUSDT+0.0100%8h0.008318−0.234%$1.1M$1.1M50xas long as short
OKX GMT-USDT-SWAP+0.0100%4h0.008319−0.222%$343K$552K20xas long as short
Gate GMT_USDT+0.0100%8h0.008340+0.030%$149K$103K50xas long as short
MEXC GMT_USDT+0.0100%4h0.008326−0.138%$412K$186K20xas long as short
Bitget GMTUSDTshort+0.0100%4h0.008322−0.186%$670K$403K50x
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX GMT-USDT+0.0100%4h0.008328−0.114%—$1.2M—as long as short
Variational Omni GMT+0.0100%8h0.008322−0.189%$3K$5K—as long as short