Spread before costs (cost unknown: a leg has no order-book sample)+0.027%
7d average—if it closes, per $10,000$3funding while held, a day+$91.20
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SUSD | 0.03889 | −0.2940 | get 0.0367% / 1h | 24m 29s | $33K | $48K | 10x |
| Short | Backpack S_USDC_PERP | 0.03890 | 0.0100 | get 0.0013% / 1h | 24m 29s | $113K | $227K | 5x |
Kraken Futures PF_SUSD
Backpack S_USDC_PERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $2.68
- Funding while held
- $91.2
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $73.88
- Spread needed to break even
- 0.200%
Slippage unknown: Kraken Futures: no order-book sample; Backpack: live order book, 20 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.3040%
- Per $10,000 a day
- +$91.20
- Average in range /8h
- —
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 no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 20 min ago | 12.77 bp | 18.2 bp −$18 | doesn't fit | doesn't fit | doesn'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.
S price on every exchange
against the cheapest. Click to use as the short leg.01 Exchange0.03750cheapestOKX0.03875+3.333%BingX0.03877+3.387%Bybit0.03878+3.413%KuCoin0.03878+3.413%Reya0.03878+3.417%Gate0.03879+3.440%Bitget0.03879+3.440%Extended0.03880+3.465%MEXC0.03880+3.467%Binance0.03882+3.520%Hyperliquid0.03883+3.539%Lighter0.03884+3.573%gTrade (Gains Network)0.03885+3.604%Coinbase International0.03886+3.627%Aster0.03887+3.653%
OKX
BingX
Bybit
KuCoin
Reya
Gate
Bitget
Extended
MEXC
Binance
Hyperliquid
Lighter
gTrade (Gains Network)
Coinbase International
AsterKraken Futures0.03889+3.706%
Orderly0.03889+3.707%
OrderlyBackpack0.03890+3.733%
Variational Omni0.03891+3.748%Deribit0.03893+3.813%GMX0.03894+3.837%BloFin0.03896+3.893%ApeX Omni0.03910+4.267%
Variational Omni
Deribit
GMX
BloFin
ApeX OmniInjective0.04100+9.333%
InjectiveS on 25 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange SUSD | −3.573% | −1.2760% | 1h | $22K | $3K | 5x | as long as short |
| OKX S-USDT-SWAP | −0.359% | +0.0100% | 4h | $987K | $12.4M | 20x | as long as short |
| BingX S-USDT | −0.307% | +0.0100% | 4h | — | $7.0M | — | as long as short |
| Bybit SUSDT | −0.282% | +0.0100% | 4h | $5.6M | $9.5M | 50x | as long as short |
| KuCoin SUSDTM | −0.282% | +0.0100% | 4h | $1.8M | $3.8M | 50x | as long as short |
| Reya SRUSDPERP | −0.278% | −0.0101% | 1h | $4 | — | 15x | as long as short |
| Gate S_USDT | −0.256% | +0.0100% | 4h | $323K | $374K | 50x | as long as short |
| Bitget SUSDT | −0.256% | +0.0100% | 4h | $1.2M | $4.7M | 50x | as long as short |
| Extended S-USD | −0.232% | +0.0104% | 1h | $219K | $946K | 10x | as long as short |
| MEXC S_USDT | −0.230% | +0.0100% | 4h | $3.5M | $3.5M | 200x | as long as short |
Show all 25 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance SUSDT | −0.179% | +0.0100% | 4h | $5.3M | $40.5M | 75x | as long as short |
| Hyperliquid S | −0.161% | +0.0100% | 1h | $1.0M | $1.5M | 5x | as long as short |
| Lighter S | −0.127% | +0.0096% | 1h | $163K | $324K | 5x | as long as short |
| gTrade (Gains Network) S/USD | −0.098% | L +0.0001% / S +0.0006% | 1h | $599 | — | 150x | as long as short |
| Coinbase International S-PERP-INTX | −0.076% | −0.2448% | 1h | $48K | $11K | 25x | as long as short |
| Aster SUSDT | −0.050% | −0.0091% | 4h | $42K | $266K | 10x | as long as short |
| Kraken Futures PF_SUSDlong | 0.000% | −0.2940% | 1h | $33K | $48K | 10x | |
| Orderly PERP_S_USDC | +0.001% | −0.0125% | 4h | $103K | $330K | 10x | as long as short |
| Backpack S_USDC_PERPshort | +0.027% | +0.0100% | 1h | $113K | $227K | 5x | |
| Variational Omni S | +0.041% | −0.0822% | 4h | $606K | $121K | — | as long as short |
| Deribit S_USDC-PERPETUAL | +0.104% | +0.0007% | 1h | $65K | $11K | 10x | as long as short |
| GMX S/USD [WBTC.b-USDC] | +0.127% | L −0.0373% / S +0.0345% | 1h | $1K | — | 100x | as long as short |
| BloFin S-USDT | +0.181% | +0.0340% | 4h | $282K | $264K | 75x | as long as short |
| ApeX Omni SUSDT | +0.541% | +0.0100% | 1h | $23K | $502K | 50x | as long as short |
| Injective S/USDC PERP | +5.427% | +0.0033% | 1h | $2K | $120K | 12x | as long as short |