Funding you earn now, next payment 00:00 UTC−0.2168%/8h= −237.4% APRpaid last 24h +0.021%
Price spread now: Bitget against Kraken Futures+0.023%48s7-day average −0.093% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,106as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1,15511.552% of the position
Funding, last 7 days+0.493%+$49 on $10k
+Price spread, last 3 days (all we have)−0.241%−$24 · spread now +0.023%, 7d avg −0.093%
=The price spread pays, funding is against you. Bitget is 0.116% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.023% now, against its 7-day average of −0.093%): +$12 on $10k if it goes back. Holding the pair costs −$65 a day in funding at the current rate, which eats that in about 4 hours. Mind the row above: over the last 7 days funding on this pair paid +0.493%, so the current rate has only just turned against you. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.493% in total (about 25.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_MEWUSD | 0.0004679 | 0.2268 | pay 0.0283% / 1h | 46m 25s | $92K | $129K | 10x |
| Short | Bitget MEWUSDT | 0.0004680 | 0.0100 | get 0.0050% / 4h | 46m 25s | $485K | $354K | 50x |
Kraken Futures PF_MEWUSD
Bitget MEWUSDTFunding 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
- −$455.2
- Price spread: +0.023% → −0.093%
- $11.6
- Slippage, 4 orders
- −$1,133.24
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$1,598.85
- Costs to cover
- 11.552%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 31 min ago; Bitget: live order book, 24 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, 31 min ago | 27.84 bp | 1047.0 bp −$1,047 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 24 min ago | 5.36 bp | 19.5 bp −$19 | 63.2 bp −$632 | doesn't fit | doesn't fit |
MEW on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX MEW/USD [WBTC.b-USDC] | L 0.0000% / S 0.0000% | 1h | 0.0004680 | +0.023% | — | — | 100x | as long as short |
| Injective MEW/USDC PERP | +0.0033% | 1h | 0.0004219 | −9.830% | $46 | $14K | 5.5x | as long as short |
| Binance MEWUSDT | +0.0100% | 4h | 0.0004684 | +0.108% | $1.2M | $2.7M | 50x | as long as short |
| Bybit MEWUSDT | +0.0100% | 4h | 0.0004683 | +0.087% | $1.5M | $1.0M | 25x | as long as short |
| OKX MEW-USDT-SWAP | +0.0100% | 4h | 0.0004680 | +0.023% | $527K | $670K | 20x | as long as short |
| Gate MEW_USDT | +0.0100% | 4h | 0.0004677 | −0.041% | $124K | $77K | 50x | as long as short |
| MEXC MEW_USDT | +0.0100% | 4h | 0.0004682 | +0.066% | $388K | $171K | 125x | as long as short |
| KuCoin MEWUSDTM | +0.0100% | 4h | 0.0004682 | +0.066% | $351K | $111K | 30x | as long as short |
| Bitget MEWUSDTshort | +0.0100% | 4h | 0.0004680 | +0.023% | $485K | $354K | 50x | |
| BingX MEW-USDT | +0.0100% | 4h | 0.0004682 | +0.066% | — | $24.2M | — | as long as short |
GMX MEW/USD [WBTC.b-USDC]
Injective MEW/USDC PERP
Binance MEWUSDT
Bybit MEWUSDT
OKX MEW-USDT-SWAP
Gate MEW_USDT
MEXC MEW_USDT
KuCoin MEWUSDTM
BingX MEW-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MEW | +0.0100% | 4h | 0.0004683 | +0.096% | $82K | $32K | — | as long as short |
| Kraken Futures PF_MEWUSDlong | +0.2268% | 1h | 0.0004679 | long leg | $92K | $129K | 10x |
Variational Omni MEW