Funding you earn now, next payment 00:00 UTC+0.1078%/8h= +118.1% APRpaid last 24h +0.180%
Price spread now: Kraken Futures against BloFin+0.043%57s7-day average +0.104% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2,458as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2,46524.649% of the position
Funding, last 7 days+0.065%+$7 on $10k
+Price spread, last 3 days (all we have)+0.100%+$10 · spread now +0.043%, 7d avg +0.104%
=Funding pays, the price is against you. Kraken Futures is 0.061% cheaper against BloFin than usual: you would sell low and buy high (spread +0.043% now, against its 7-day average of +0.104%). If the spread goes back, that is −$6 on $10k: about 5 hours of funding at the current rate (+$32 a day). At the pace of the last 7 days (+0.065% in total) that is about 6.6 days. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.065% in total (about 3.4% 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 | BloFin TRB-USDT | 19.170 | 0.0060 | pay 0.0030% / 4h | 41m 40s | $359K | $173K | 50x |
| Short | Kraken Futures PF_TRBUSD | 19.178 | 0.1138 | get 0.0142% / 1h | 41m 40s | $102K | $99K | 10x |
BloFin TRB-USDT
Kraken Futures PF_TRBUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BloFin. 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
- $226.48
- Price spread: +0.043% → +0.104%
- −$6.12
- Slippage, 4 orders
- −$2,442.94
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$2,244.57
- Costs to cover
- 24.649%
- Break-even
- 76.4 days
Slippage from BloFin: live order book, 33 min ago; Kraken Futures: live order book, 35 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 BloFin live order book, 33 min ago | 1.31 bp | 16.7 bp −$17 | 38.7 bp −$387 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 35 min ago | 13.12 bp | 32.9 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
TRB on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin TRB-USDTlong | +0.0060% | 4h | 19.170 | long leg | $359K | $173K | 50x | |
| Hyperliquid TRB | +0.0100% | 1h | 19.127 | −0.224% | $482K | $229K | 3x | as long as short |
| Aster TRBUSDT | +0.0100% | 4h | 19.155 | −0.077% | $9K | $20K | 5x | as long as short |
| Binance TRBUSDT | +0.0100% | 4h | 19.116 | −0.280% | $5.1M | $10.2M | 50x | as long as short |
| Bybit TRBUSDT | +0.0100% | 4h | 19.155 | −0.078% | $6.3M | $1.9M | 50x | as long as short |
| OKX TRB-USDT-SWAP | +0.0100% | 4h | 19.140 | −0.156% | $4.4M | $4.7M | 20x | as long as short |
| MEXC TRB_USDT | +0.0100% | 4h | 19.126 | −0.230% | $14.6M | $914K | 125x | as long as short |
| KuCoin TRBUSDTM | +0.0100% | 4h | 19.157 | −0.068% | $1.1M | $302K | 50x | as long as short |
| Bitget TRBUSDT | +0.0100% | 4h | 19.142 | −0.146% | $1.2M | $1.3M | 50x | as long as short |
| BingX TRB-USDT | +0.0100% | 4h | 19.166 | −0.021% | — | $16.5M | — | as long as short |
Hyperliquid TRB
Aster TRBUSDT
Binance TRBUSDT
Bybit TRBUSDT
OKX TRB-USDT-SWAP
MEXC TRB_USDT
KuCoin TRBUSDTM
Bitget TRBUSDT
BingX TRB-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni TRB | +0.0201% | 4h | 19.190 | +0.105% | $14K | $3K | — | as long as short |
| Gate TRB_USDT | +0.0224% | 4h | 19.170 | 0.000% | $596K | $1.5M | 50x | as long as short |
| Kraken Futures PF_TRBUSDshort | +0.1138% | 1h | 19.178 | +0.043% | $102K | $99K | 10x |
Variational Omni TRB
Gate TRB_USDT