Spread before costs (cost unknown: a leg has no order-book sample)+3.156%
7d average—if it closes, per $10,000$316funding while held, a day+$219.48
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange SUSD | 0.03770 | −1.0256 | get 0.1282% / 1h | 59m 11s | $23K | $3K | 5x |
| Short | Kraken Futures PF_SUSD | 0.03889 | −0.2940 | pay 0.0367% / 1h | 59m 11s | $33K | $48K | 10x |
Kraken Futures PF_SUSDPrice 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
- $315.59
- Funding while held
- $219.48
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $518.07
- Spread needed to break even
- 0.170%
Slippage unknown: 01 Exchange: no order-book sample; Kraken Futures: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.7316%
- Per $10,000 a day
- +$219.48
- 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
01 Exchange and 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.Coinbase International0.03811+1.088%Gate0.03885+3.050%Reya0.03886+3.076%KuCoin0.03886+3.077%Bybit0.03888+3.130%Aster0.03889+3.153%
Coinbase International
Gate
Reya
KuCoin
Bybit
AsterKraken Futures0.03889+3.156%
Extended0.03889+3.168%Bitget0.03890+3.183%BingX0.03890+3.183%MEXC0.03891+3.210%Binance0.03892+3.236%OKX0.03893+3.263%Orderly0.03894+3.289%Variational Omni0.03895+3.316%Lighter0.03896+3.342%Hyperliquid0.03897+3.374%GMX0.03898+3.385%gTrade (Gains Network)0.03898+3.392%Backpack0.03900+3.448%ApeX Omni0.03900+3.448%Deribit0.03901+3.475%BloFin0.03903+3.528%
Extended
Bitget
BingX
MEXC
Binance
OKX
Orderly
Variational Omni
Lighter
Hyperliquid
GMX
gTrade (Gains Network)
Backpack
ApeX Omni
Deribit
BloFinInjective0.04100+8.753%
InjectiveS on 25 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange SUSDlong | 0.000% | −1.0256% | 1h | $23K | $3K | 5x | |
| Coinbase International S-PERP-INTX | +1.088% | −0.2448% | 1h | $47K | $11K | 25x | as long as short |
| Gate S_USDT | +3.050% | +0.0100% | 4h | $324K | $370K | 50x | as long as short |
| Reya SRUSDPERP | +3.076% | −0.0101% | 1h | $4 | — | 15x | as long as short |
| KuCoin SUSDTM | +3.077% | +0.0100% | 4h | $1.8M | $3.9M | 50x | as long as short |
| Bybit SUSDT | +3.130% | +0.0100% | 4h | $5.6M | $9.5M | 50x | as long as short |
| Aster SUSDT | +3.153% | −0.0108% | 4h | $45K | $266K | 10x | as long as short |
| Kraken Futures PF_SUSDshort | +3.156% | −0.2940% | 1h | $33K | $48K | 10x | |
| Extended S-USD | +3.168% | +0.0104% | 1h | $219K | $946K | 10x | as long as short |
| Bitget SUSDT | +3.183% | +0.0100% | 4h | $1.2M | $4.7M | 50x | as long as short |
Show all 25 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX S-USDT | +3.183% | +0.0100% | 4h | — | $7.0M | — | as long as short |
| MEXC S_USDT | +3.210% | +0.0100% | 4h | $3.5M | $3.5M | 200x | as long as short |
| Binance SUSDT | +3.236% | +0.0100% | 4h | $5.3M | $40.5M | 75x | as long as short |
| OKX S-USDT-SWAP | +3.263% | +0.0098% | 4h | $991K | $12.5M | 20x | as long as short |
| Orderly PERP_S_USDC | +3.289% | −0.0176% | 4h | $103K | $331K | 10x | as long as short |
| Variational Omni S | +3.316% | −0.0941% | 4h | $605K | $122K | — | as long as short |
| Lighter S | +3.342% | −0.0080% | 1h | $164K | $324K | 5x | as long as short |
| Hyperliquid S | +3.374% | −0.0105% | 1h | $1.0M | $1.5M | 5x | as long as short |
| GMX S/USD [WBTC.b-USDC] | +3.385% | L −0.0373% / S +0.0346% | 1h | $1K | — | 100x | as long as short |
| gTrade (Gains Network) S/USD | +3.392% | L +0.0001% / S +0.0006% | 1h | $601 | — | 150x | as long as short |
| Backpack S_USDC_PERP | +3.448% | +0.0565% | 1h | $113K | $219K | 5x | as long as short |
| ApeX Omni SUSDT | +3.448% | +0.0100% | 1h | $24K | $503K | 50x | as long as short |
| Deribit S_USDC-PERPETUAL | +3.475% | +0.0520% | 1h | $66K | $11K | 10x | as long as short |
| BloFin S-USDT | +3.528% | +0.0340% | 4h | $284K | $265K | 75x | as long as short |
| Injective S/USDC PERP | +8.753% | +0.0033% | 1h | $2K | $120K | 12x | as long as short |