Funding you earn now, next payment 06:00 UTC+0.0015%/8h= +1.6% APRpaid last 24h +0.221%
Price spread now: KuCoin against Kraken Futures−0.003%7-day average +0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$676as in the Funding arb table
Net, price: spread back to 7d avg − costs−$646as in the Price arb table
costs, in and out, $10k−$6396.388% of the position
Funding, last 7 days−0.368%−$37 on $10k
+Price spread, last 4 days (all we have)+0.293%+$29 · spread now −0.003%, 7d avg +0.074%
=Funding pays, the price is against you. KuCoin is 0.076% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.003% now, against its 7-day average of +0.074%). If the spread goes back, that is −$8 on $10k: about 17 days of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.368%, 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 | 0.0085 | pay 0.0011% / 1h | 45m 07s | $110K | $19K | 10x |
| Short | KuCoin USUALUSDTM | 0.01392 | 0.0100 | get 0.0050% / 4h | 2h 45m | $256K | $62K | 20x |
Kraken Futures PF_USUALUSD
KuCoin USUALUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $3.14
- Price spread: −0.003% → +0.074%
- −$7.64
- Slippage, 4 orders
- −$616.79
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$643.28
- Costs to cover
- 6.388%
- Break-even
- 1440.8 days
Slippage from Kraken Futures: live order book, 2 min ago; KuCoin: live order book, 11 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, 2 min ago | 38.80 bp | 43.8 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 11 min ago | 21.57 bp | 287.0 bp −$287 | doesn't fit | doesn't fit | doesn't fit |
USUAL on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERP | −0.3949% | 1h | 0.01365 | −1.942% | $6K | $3K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSDlong | +0.0085% | 1h | 0.01392 | long leg | $110K | $19K | 10x | |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01392 | −0.003% | $397K | $190K | 3x | as long as short |
| Binance USUALUSDT | +0.0100% | 4h | 0.01392 | −0.021% | $2.2M | $3.3M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01395 | +0.213% | $1.1M | $780K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01393 | +0.069% | $942K | $109K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01392 | −0.024% | $6.1M | $255K | 100x | as long as short |
| KuCoin USUALUSDTMshort | +0.0100% | 4h | 0.01392 | −0.003% | $256K | $62K | 20x | |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01393 | +0.069% | $808K | $405K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01393 | +0.047% | — | $1.2M | — | as long as short |
Injective USUAL/USDC PERP
Hyperliquid USUAL
Binance USUALUSDT
Bybit USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
Bitget USUALUSDT
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01394 | +0.174% | $10K | $1K | — | as long as short |
Variational Omni USUAL