Funding you earn now, next payment 10:00 UTC−0.0401%/8h= −43.9% APRpaid last 24h −0.061%
Price spread now: Kraken Futures against KuCoin+0.036%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.145%+$14 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Kraken Futures is 0.036% dearer against KuCoin than usual: you sell high and buy low (spread +0.036% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 7 hours. Mind the row above: over the last 7 days funding on this pair paid +0.145%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.145% in total (about 7.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin THETAUSDTM | 0.2224 | 0.0100 | pay 0.0100% / 8h | 6h 07m | $1.0M | $413K | 50x |
| Short | Kraken Futures PF_THETAUSD | 0.2225 | −0.0301 | pay 0.0038% / 1h | 7m 56s | $80K | $68K | 20x |
KuCoin THETAUSDTM
Kraken Futures PF_THETAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against KuCoin. 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
- −$84.25
- Price spread: +0.036% → 0.000%
- $3.62
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$102.63
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago | 4.49 bp | 57.3 bp −$57 | 131.5 bp −$1,315 | 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.
THETA on 13 exchanges
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 THETA | −0.0455% | 8h | 0.2222 | −0.112% | $291K | $63K | — | as long as short |
| Kraken Futures PF_THETAUSDshort | −0.0301% | 1h | 0.2225 | +0.036% | $80K | $68K | 20x | |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −3.957% | $208 | $25K | 5.5x | as long as short |
| BingX THETA-USDT | +0.0047% | 8h | 0.2224 | 0.000% | — | $2.4M | — | as long as short |
| Bybit THETAUSDT | +0.0090% | 8h | 0.2221 | −0.117% | $3.0M | $2.8M | 75x | as long as short |
| Aster THETAUSDT | +0.0100% | 8h | 0.2225 | +0.045% | $16K | $19K | 5x | as long as short |
| Binance THETAUSDT | +0.0100% | 8h | 0.2224 | 0.000% | $3.1M | $5.9M | 75x | as long as short |
| OKX THETA-USDT-SWAP | +0.0100% | 8h | 0.2223 | −0.045% | $611K | $1.3M | 20x | as long as short |
| Gate THETA_USDT | +0.0100% | 8h | 0.2224 | 0.000% | $377K | $146K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2224 | 0.000% | $1.4M | $527K | 100x | as long as short |
Variational Omni THETA
Injective THETA/USDC PERP
BingX THETA-USDT
Bybit THETAUSDT
Aster THETAUSDT
Binance THETAUSDT
OKX THETA-USDT-SWAP
Gate THETA_USDT
MEXC THETA_USDTShow all 13 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin THETAUSDTMlong | +0.0100% | 8h | 0.2224 | long leg | $1.0M | $413K | 50x | |
| Bitget THETAUSDT | +0.0100% | 8h | 0.2226 | +0.090% | $1.2M | $879K | 50x | as long as short |
| BloFin THETA-USDT | +0.0220% | 8h | 0.2224 | 0.000% | $154K | $171K | 75x | as long as short |
Bitget THETAUSDT
BloFin THETA-USDT