Funding you earn now, next payment 10:00 UTC+0.0361%/8h= +39.6% APRpaid last 24h +0.208%
Price spread now: Bitget against Kraken Futures+0.232%7-day average +0.104% · you sell dearer than you buy
Net, funding: paid 7d − costs−$194as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1541.540% of the position
Funding, last 7 days−0.398%−$40 on $10k
+Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.232%, 7d avg +0.104%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Bitget is 0.128% dearer against Kraken Futures than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.104%. Mind the row above: over the last 7 days funding on this pair cost −0.398%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_USUALUSD | 0.01392 | −0.0261 | get 0.0033% / 1h | 5m 38s | $111K | $8K | 10x |
| Short | Bitget USUALUSDT | 0.01395 | 0.0100 | get 0.0050% / 4h | 2h 05m | $779K | $364K | 50x |
Kraken Futures PF_USUALUSD
Bitget USUALUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $75.88
- Price spread: +0.232% → +0.104%
- $12.84
- Slippage, 4 orders
- −$131.96
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$65.24
- Costs to cover
- 1.540%
- Break-even
- 13.0 days
Slippage from Kraken Futures: live order book, 44 min ago; Bitget: live order book, 42 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 Kraken Futures live order book, 44 min ago | 36.12 bp | 41.6 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 42 min ago | 7.22 bp | 45.5 bp −$46 | 178.7 bp −$1,787 | doesn't fit | doesn't fit |
USUAL on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERP | −0.4413% | 1h | 0.01370 | −1.564% | $6K | $3K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSDlong | −0.0261% | 1h | 0.01392 | long leg | $111K | $8K | 10x | |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01394 | +0.160% | $400K | $168K | 3x | as long as short |
| Binance USUALUSDT | +0.0100% | 4h | 0.01393 | +0.074% | $2.2M | $2.5M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01394 | +0.139% | $1.0M | $545K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01393 | +0.088% | $943K | $80K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01394 | +0.189% | $6.1M | $236K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01390 | −0.127% | $166K | $86K | 20x | as long as short |
| Bitget USUALUSDTshort | +0.0100% | 4h | 0.01395 | +0.232% | $779K | $364K | 50x | |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01392 | +0.038% | — | $1.2M | — | as long as short |
Injective USUAL/USDC PERP
Hyperliquid USUAL
Binance USUALUSDT
Bybit USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
BingX USUAL-USDTShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01396 | +0.281% | $11K | $1K | — | as long as short |
Variational Omni USUAL