Funding you earn now, next payment 03:00 UTC+0.1602%/8h= +175.4% APRpaid last 24h +0.061%
Price spread now: Kraken Futures against Bitget+0.187%7-day average +0.128% · you sell dearer than you buy
Net, funding: paid 7d − costs−$257as in the Funding arb table
Net, price: spread back to 7d avg − costs−$261as in the Price arb table
costs, in and out, $10k−$2672.668% of the position
Funding, last 7 days+0.098%+$10 on $10k
+Price spread, last 4 days (all we have)−0.649%−$65 · spread now +0.187%, 7d avg +0.128%
=Both sides work for this trade now. Funding pays +$48 a day on $10k at the current rate, and Kraken Futures is 0.059% dearer against Bitget than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.128%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.098% in total (about 5.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget WUSDT | 0.01192 | 0.0100 | pay 0.0050% / 4h | 1h 12m | $1.3M | $583K | 50x |
| Short | Kraken Futures PF_WUSD | 0.01194 | 0.1702 | get 0.0213% / 1h | 12m 51s | $148K | $184K | 20x |
Bitget WUSDT
Kraken Futures PF_WUSDFunding 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
- $336.38
- Price spread: +0.187% → +0.128%
- $5.86
- Slippage, 4 orders
- −$244.83
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $75.41
- Costs to cover
- 2.668%
- Break-even
- 5.4 days
Slippage from Bitget: live order book, 4 min ago; Kraken Futures: live order book, 50 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 Bitget live order book, 4 min ago | 8.38 bp | 36.2 bp −$36 | 115.7 bp −$1,157 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 50 min ago | 22.40 bp | 38.9 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.0170% | 1h | 0.01191 | −0.084% | $16K | $2K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +1.426% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01191 | −0.084% | $2.0M | $383K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01191 | −0.101% | $3.0M | $6.6M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01189 | −0.252% | $4.2M | $1.9M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01189 | −0.210% | $1.3M | $1.9M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01190 | −0.134% | $450K | $254K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01191 | −0.117% | $12.9M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01189 | −0.252% | $384K | $214K | 50x | as long as short |
| Bitget WUSDTlong | +0.0100% | 4h | 0.01192 | long leg | $1.3M | $583K | 50x |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
OKX W-USDT-SWAP
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01190 | −0.168% | — | $6.8M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01194 | +0.144% | $72K | $41K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01192 | +0.031% | $127K | $413K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01191 | −0.100% | $61K | $237K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0312% | 1h | 0.01196 | +0.310% | $14K | $16K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.0682% | 1h | 0.01193 | +0.050% | $44K | $45K | 15x | as long as short |
| Kraken Futures PF_WUSDshort | +0.1702% | 1h | 0.01194 | +0.187% | $148K | $184K | 20x |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP