Funding you earn now, next payment 04:00 UTC−0.0136%/8h= −14.9% APRpaid last 24h −0.040%
Price spread now: Kraken Futures against Gate+0.052%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
The price spread pays, funding is against you. Kraken Futures is 0.052% dearer against Gate than usual: you sell high and buy low (spread +0.052% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 30 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate USDC_USDT | 0.9992 | 0.0039 | pay 0.0039% / 8h | 4h 23m | $253K | $40K | 50x |
| Short | Kraken Futures PF_USDCUSD | 0.9997 | −0.0097 | pay 0.0012% / 1h | 23m 27s | $14K | $924 | 50x |
Gate USDC_USDT
Kraken Futures PF_USDCUSDFunding 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
- −$28.57
- Price spread: +0.052% → 0.000%
- $5.16
- 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
- −$48.41
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 28 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, 28 min ago | 3.50 bp | 12.0 bp −$12 | 206.0 bp −$2,060 | 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.
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 | |
|---|---|---|---|---|---|---|---|---|
| Binance USDCUSDT | −0.0148% | 8h | 0.9996 | +0.037% | $4.7M | $4.5M | 50x | as long as short |
| MEXC USDC_USDT | −0.0147% | 8h | 0.9996 | +0.037% | $20.8M | $742K | 200x | as long as short |
| KuCoin USDCUSDTM | −0.0136% | 8h | 0.9994 | +0.020% | $2.5M | $20K | 30x | as long as short |
| Bitget USDCUSDT | −0.0136% | 8h | 0.9994 | +0.020% | $4.3M | $16K | 50x | as long as short |
| Kraken Futures PF_USDCUSDshort | −0.0097% | 1h | 0.9997 | +0.052% | $14K | $924 | 50x | |
| Bybit USDCUSDT | 0.0000% | 8h | 1.0001 | +0.090% | $9.5M | $345K | 50x | as long as short |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0000 | +0.079% | $1.1M | $43K | 50x | as long as short |
| Gate USDC_USDTlong | +0.0039% | 8h | 0.9992 | long leg | $253K | $40K | 50x |
Binance USDCUSDT
MEXC USDC_USDT
KuCoin USDCUSDTM
Bitget USDCUSDT
Bybit USDCUSDT
OKX USDC-USDT-SWAP