Funding you earn now, next payment 05:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h +0.004%
Price spread now: Kraken Futures against Bitget+0.037%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and Kraken Futures is 0.037% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget USDCUSDT | 0.9994 | −0.0122 | get 0.0122% / 8h | 3h 28m | $4.3M | $12K | 50x |
| Short | Kraken Futures PF_USDCUSD | 0.9998 | −0.0066 | pay 0.0008% / 1h | 28m 57s | $14K | $924 | 50x |
Bitget USDCUSDT
Kraken Futures PF_USDCUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. 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
- $11.76
- Price spread: +0.037% → 0.000%
- $3.72
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$6.52
- Costs to cover
- 0.220%
- Break-even
- 10.9 days
Slippage unknown: Bitget: live order book, 4 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 Bitget live order book, 4 min ago | 0.50 bp | 7.5 bp −$7 | 7.5 bp −$75 | 12.6 bp −$1,262 | 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.
USDC 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USDCUSDTM | −0.0147% | 8h | 0.9990 | −0.035% | $2.5M | $20K | 30x | as long as short |
| Binance USDCUSDT | −0.0138% | 8h | 0.9996 | +0.017% | $4.7M | $4.5M | 50x | as long as short |
| MEXC USDC_USDT | −0.0137% | 8h | 0.9996 | +0.018% | $20.8M | $750K | 200x | as long as short |
| Bitget USDCUSDTlong | −0.0122% | 8h | 0.9994 | long leg | $4.3M | $12K | 50x | |
| Kraken Futures PF_USDCUSDshort | −0.0066% | 1h | 0.9998 | +0.037% | $14K | $924 | 50x | |
| Bybit USDCUSDT | 0.0000% | 8h | 1.0001 | +0.070% | $9.5M | $346K | 50x | as long as short |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0000 | +0.064% | $1.1M | $42K | 50x | as long as short |
| Gate USDC_USDT | +0.0060% | 8h | 0.9993 | −0.010% | $253K | $39K | 50x | as long as short |
KuCoin USDCUSDTM
Binance USDCUSDT
MEXC USDC_USDT
Bybit USDCUSDT
OKX USDC-USDT-SWAP
Gate USDC_USDT