Funding you earn now, next payment 03:00 UTC−0.0367%/8h= −40.1% APRpaid last 24h −0.060%
Price spread now: KuCoin against Kraken Futures−0.113%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$990.989% of the position
Funding, last 7 days−0.187%−$19 on $10k
+Price spread, last 4 days (all we have)+0.308%+$31 · spread now −0.113%, 7d avg +0.004%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and KuCoin is 0.116% cheaper against Kraken Futures than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.004%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.187% in total (about -9.8% 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_SEIUSD | 0.06102 | 0.0467 | pay 0.0058% / 1h | 3m 18s | $377K | $1.6M | 50x |
| Short | KuCoin SEIUSDTM | 0.06095 | 0.0100 | get 0.0100% / 8h | 5h 03m | $6.4M | $14.5M | 75x |
Kraken Futures PF_SEIUSD
KuCoin SEIUSDTMFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$77
- Price spread: −0.113% → +0.004%
- −$11.63
- Slippage, 4 orders
- −$76.92
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$187.55
- Costs to cover
- 0.989%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; KuCoin: live order book, 5 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, 5 min ago | 3.27 bp | 23.7 bp −$24 | 51.6 bp −$516 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 3.27 bp | 28.2 bp −$28 | 65.3 bp −$653 | doesn't fit | doesn't fit |
SEI on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SEI | −0.0166% | 8h | 0.06091 | −0.181% | $331K | $184K | — | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0006% / S +0.0006% | 1h | 0.06103 | +0.018% | — | — | 150x | as long as short |
| GMX SEI/USD [ETH-USDC] | L +0.0009% / S +0.0163% | 1h | 0.06102 | +0.002% | $7K | — | 100x | as long as short |
| Deribit SEI_USDC-PERPETUAL | +0.0078% | 1h | 0.06106 | +0.068% | $10K | $72K | 25x | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.06103 | +0.018% | $278K | $1.2M | 10x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.06101 | −0.009% | $3.5M | $5.7M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.06099 | −0.042% | $319K | $354K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.06101 | −0.014% | $15.2M | $130.2M | 75x | as long as short |
| Bybit SEIUSDT | +0.0100% | 8h | 0.06097 | −0.080% | $14.7M | $36.2M | 50x | as long as short |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.06103 | +0.018% | $3.5M | $40.7M | 50x | as long as short |
Variational Omni SEI
gTrade (Gains Network) SEI/USD
GMX SEI/USD [ETH-USDC]
Deribit SEI_USDC-PERPETUAL
Lighter SEI
Hyperliquid SEI
Aster SEIUSDT
Binance SEIUSDT
Bybit SEIUSDT
OKX SEI-USDT-SWAPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SEI_USDT | +0.0100% | 8h | 0.06094 | −0.129% | $1.2M | $3.5M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.06098 | −0.064% | $35.7M | $28.6M | 300x | as long as short |
| KuCoin SEIUSDTMshort | +0.0100% | 8h | 0.06095 | −0.113% | $6.4M | $14.5M | 75x | |
| Bitget SEIUSDT | +0.0100% | 8h | 0.06103 | +0.018% | $9.9M | $16.8M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.06100 | −0.031% | — | $31.3M | — | as long as short |
| Backpack SEI_USDC_PERP | +0.0100% | 1h | 0.06099 | −0.047% | $110K | $604K | 10x | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.06107 | +0.086% | $213K | $1.8M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.06110 | +0.133% | $108K | $666K | 50x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.06101 | −0.014% | $2K | $85K | 20x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.06098 | −0.064% | $23K | $4.3M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.06097 | −0.084% | $77K | $546K | 25x | as long as short |
| Coinbase International SEI-PERP-INTX | +0.0128% | 1h | 0.06109 | +0.117% | $43K | $222K | 50x | as long as short |
| Injective SEI/USDC PERP | +0.0156% | 1h | 0.06110 | +0.133% | $9K | $43K | 12x | as long as short |
| BloFin SEI-USDT | +0.0220% | 8h | 0.06103 | +0.018% | $784K | $1.2M | 75x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.06096 | −0.101% | $116 | — | 20x | as long as short |
| Kraken Futures PF_SEIUSDlong | +0.0467% | 1h | 0.06102 | long leg | $377K | $1.6M | 50x | |
| dYdX SEI-USD | +0.0699% | 1h | 0.06091 | −0.180% | $104K | $2K | 5x | as long as short |
Gate SEI_USDT
MEXC SEI_USDT
Bitget SEIUSDT
BingX SEI-USDT
Backpack SEI_USDC_PERP
GRVT SEI_USDT_Perp
ApeX Omni SEIUSDT
Orderly PERP_SEI_USDC
SunX SEI-USDT
Extended SEI-USD
Coinbase International SEI-PERP-INTX
Injective SEI/USDC PERP
BloFin SEI-USDT
Reya SEIRUSDPERP
dYdX SEI-USD