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Funding arb · Price arb /

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Alert: funding
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 06:00 UTC+0.0853%/8h= +93.4% APRpaid last 24h +0.291%
Price spread now: KuCoin against Kraken Futures−0.307%52s7-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 KuCoin
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. KuCoin is 0.307% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.307% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$31 on $10k: about 29 hours of funding at the current rate (+$26 a day). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_GMTUSD0.008416−0.1185get 0.0148% / 1h23m 28s$43K$13K20x
ShortKuCoin GMTUSDTM0.008390−0.0332pay 0.0166% / 4h2h 23m$255K$182K50x

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

Profit calculator

Funding earned
$179.1
Price spread: −0.307% → 0.000%
−$30.71
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$126.39
Costs to cover
0.220%
Break-even
2.1 days
Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 33 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 KuCoin live order book, 33 min ago11.75 bp46.6 bp −$47245.6 bp −$2,456doesn'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−0.1185%1h0.008416long leg$43K$13K20x
Bybit GMTUSDT−0.0472%8h0.008404−0.141%$1.0M$2.1M50xas long as short
OKX GMT-USDT-SWAP−0.0410%4h0.008400−0.188%$387K$1.2M20xas long as short
Variational Omni GMT−0.0360%8h0.008391−0.300%$4K$5K—as long as short
KuCoin GMTUSDTMshort−0.0332%4h0.008390−0.307%$255K$182K50x
Bitget GMTUSDT+0.0030%4h0.008401−0.176%$664K$632K50xas long as short
BingX GMT-USDT+0.0050%4h0.008405−0.129%—$1.3M—as long as short
Aster GMTUSDT+0.0072%4h0.008414−0.022%$7K$23K10xas long as short
Hyperliquid GMT+0.0100%1h0.008407−0.105%$112K$152K3xas long as short
Binance GMTUSDT+0.0100%4h0.008404−0.141%$2.8M$5.4M50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate GMT_USDT+0.0100%8h0.008410−0.069%$143K$176K50xas long as short
MEXC GMT_USDT+0.0100%4h0.008405−0.129%$425K$212K20xas long as short