Funding you earn now, next payment 03:00 UTC−0.2804%/8h= −307.0% APRpaid last 24h −0.650%
Price spread now: Kraken Futures against Gate−0.125%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$84 a day on $10k at the current rate, and Kraken Futures is 0.125% cheaper against Gate than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate T_USDT | 0.005237 | −0.0114 | get 0.0057% / 4h | 1h 09m | $216K | $81K | 20x |
| Short | Kraken Futures PF_TUSD | 0.005230 | −0.2918 | pay 0.0365% / 1h | 9m 35s | $2K | $2K | 10x |
Gate T_USDT
Kraken Futures PF_TUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. 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
- −$588.86
- Price spread: −0.125% → 0.000%
- −$12.52
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$626.38
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 47 min ago; Kraken Futures: 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 Gate live order book, 47 min ago | 6.72 bp | 93.5 bp −$94 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
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.
T on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TUSDshort | −0.2918% | 1h | 0.005230 | −0.125% | $2K | $2K | 10x | |
| Variational Omni T | −0.0142% | 4h | 0.005229 | −0.153% | $8K | $9K | — | as long as short |
| Bitget TUSDT | −0.0134% | 4h | 0.005226 | −0.210% | $885K | $501K | 50x | as long as short |
| KuCoin TUSDTM | −0.0130% | 4h | 0.005235 | −0.038% | $1.4M | $80K | 12x | as long as short |
| Gate T_USDTlong | −0.0114% | 4h | 0.005237 | long leg | $216K | $81K | 20x | |
| MEXC T_USDT | −0.0048% | 4h | 0.005233 | −0.076% | $3.2M | $211K | 20x | as long as short |
| Binance TUSDT | −0.0040% | 4h | 0.005234 | −0.061% | $3.3M | $7.4M | 50x | as long as short |
| Bybit TUSDT | +0.0100% | 4h | 0.005231 | −0.115% | $1.6M | $1.5M | 25x | as long as short |
Variational Omni T
Bitget TUSDT
KuCoin TUSDTM
MEXC T_USDT
Binance TUSDT
Bybit TUSDT