Funding you earn now, next payment 04:00 UTC+0.0135%/8h= +14.8% APRpaid last 24h +0.040%
Price spread now: Gate against Kraken Futures−0.055%51s7-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
Funding pays, the price is against you. Gate is 0.055% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.055% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 33 hours of funding at the current rate (+$4 a day). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_USDCUSD | 0.9997 | −0.0097 | get 0.0012% / 1h | 24m 19s | $14K | $924 | 50x |
| Short | Gate USDC_USDT | 0.9992 | 0.0038 | get 0.0038% / 8h | 4h 24m | $253K | $40K | 50x |
Kraken Futures PF_USDCUSD
Gate USDC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Kraken Futures. 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
- $28.36
- Price spread: −0.055% → 0.000%
- −$5.5
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$2.15
- Costs to cover
- 0.250%
- Break-even
- 7.5 days
Slippage unknown: Kraken Futures: no order-book sample; Gate: live order book, 27 min ago. 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Gate live order book, 27 min ago | 3.50 bp | 14.1 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC USDC_USDT | −0.0148% | 8h | 0.9996 | −0.017% | $20.8M | $742K | 200x | as long as short |
| Binance USDCUSDT | −0.0148% | 8h | 0.9996 | −0.018% | $4.7M | $4.5M | 50x | as long as short |
| Bitget USDCUSDT | −0.0136% | 8h | 0.9994 | −0.035% | $4.3M | $16K | 50x | as long as short |
| KuCoin USDCUSDTM | −0.0135% | 8h | 0.9991 | −0.069% | $2.5M | $20K | 30x | as long as short |
| Kraken Futures PF_USDCUSDlong | −0.0097% | 1h | 0.9997 | long leg | $14K | $924 | 50x | |
| Bybit USDCUSDT | 0.0000% | 8h | 1.0001 | +0.035% | $9.5M | $345K | 50x | as long as short |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0000 | +0.024% | $1.1M | $43K | 50x | as long as short |
| Gate USDC_USDTshort | +0.0038% | 8h | 0.9992 | −0.055% | $253K | $40K | 50x |
MEXC USDC_USDT
Binance USDCUSDT
Bitget USDCUSDT
KuCoin USDCUSDTM
Bybit USDCUSDT
OKX USDC-USDT-SWAP