S

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0905%/8h= +99.1% APRnext payment +$1.13 per $10,000 · paid last 24h −0.030%

Price spread now: Coinbase International against Kraken Futures−0.860%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Coinbase International

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. Coinbase International is 0.860% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.860% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$86 on $10k: about 3.2 days of funding at the current rate (+$27 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SUSD	0.03961	−0.2249	get 0.0281% / 1h	21m 11s	$33K	$13K	10x
Short	Coinbase International S-PERP-INTX	0.03927	−0.1344	pay 0.0168% / 1h	21m 11s	$48K	$16K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee Kraken FuturesbpFee Coinbase InternationalbpOrdersPrice spread, now −0.860%Rate

Funding earned: $190.02
Price spread: −0.860% → 0.000%: −$86.01
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $84.01
Costs to cover: 0.200%
Break-even: 3.9 days

Slippage unknown: Kraken Futures: no order-book sample; Coinbase International: no order-book sample. Net counts fees only.

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 Coinbase International no order-book sample	—	—	—	—	—

Kraken Futures and Coinbase International: 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 on 25 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
01 Exchange SUSD	−0.3928%	1h	0.03840	−3.057%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSDlong	−0.2249%	1h	0.03961	long leg	$33K	$13K	10x
Coinbase International S-PERP-INTXshort	−0.1344%	1h	0.03927	−0.860%	$48K	$16K	25x
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.03968	+0.188%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03967	+0.139%	$4	—	15x	as long as short
Variational Omni S	−0.0018%	4h	0.03959	−0.058%	$614K	$30K	—	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03968	+0.175%	$612	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+3.507%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0081%	4h	0.03968	+0.175%	$98K	$289K	10x	as long as short
Lighter S	+0.0096%	1h	0.03973	+0.301%	$168K	$157K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.03966	+0.127%	$993K	$590K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03967	+0.139%	$46K	$142K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03967	+0.150%	$5.5M	$13.8M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03961	−0.002%	$5.7M	$4.4M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03966	+0.124%	$985K	$3.8M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03961	−0.002%	$322K	$191K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03967	+0.150%	$3.6M	$1.7M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03967	+0.150%	$1.8M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03969	+0.200%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03965	+0.099%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03970	+0.225%	$24K	$463K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03966	+0.128%	$225K	$735K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03960	−0.027%	$271K	$102K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0758%	1h	0.03973	+0.301%	$67K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1488%	1h	0.03970	+0.225%	$115K	$422K	5x	as long as short