After costs, if the gap returns to its 7d average, $10k−$614
spread now+0.381%7d average+0.207%fees + slippage, in and out−$631spread needed6.310%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate W_USDT | 0.01165 | 0.0100 | pay 0.0050% / 4h | 2h 22m | $438K | $332K | 75x |
| Short | Kraken Futures PF_WUSD | 0.01169 | 0.1505 | get 0.0188% / 1h | 22m 03s | $145K | $193K | 20x |
Gate W_USDT
Kraken Futures PF_WUSDPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $38.08
- Funding while held
- $42.16
- Slippage, 4 orders
- −$606
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$550.77
- Spread needed to break even
- 6.310%
Slippage from Gate: live order book, 15 min ago; Kraken Futures: live order book, 17 min ago.
Cost of waiting
funding view- Funding /8h
- +0.1405%
- Per $10,000 a day
- +$42.16
- Average in range /8h
- —
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, 15 min ago | 3.43 bp | 220.6 bp −$221 | 23576.8 bp −$235.8K | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 17 min ago | 10.66 bp | 59.1 bp −$59 | doesn't fit | doesn't fit | doesn't fit |
W price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni0.01165cheapestBybit0.01165+0.016%BingX0.01165+0.033%
Variational Omni
Bybit
BingXGate0.01165+0.042%
OKX0.01166+0.085%Deribit0.01166+0.102%Hyperliquid0.01166+0.128%KuCoin0.01166+0.128%Bitget0.01166+0.128%Extended0.01166+0.140%Binance0.01166+0.154%MEXC0.01167+0.188%Backpack0.01167+0.248%
OKX
Deribit
Hyperliquid
KuCoin
Bitget
Extended
Binance
MEXC
BackpackKraken Futures0.01169+0.423%
Coinbase International0.01171+0.583%Injective0.01209+3.820%
Coinbase International
InjectiveW on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni W | −0.042% | +0.0100% | 4h | $82K | $30K | — | as long as short |
| Bybit WUSDT | −0.026% | +0.0100% | 4h | $4.1M | $2.4M | 50x | as long as short |
| BingX W-USDT | −0.009% | +0.0100% | 4h | — | $7.0M | — | as long as short |
| Gate W_USDTlong | 0.000% | +0.0100% | 4h | $438K | $332K | 75x | |
| OKX W-USDT-SWAP | +0.043% | +0.0100% | 4h | $1.3M | $2.4M | 20x | as long as short |
| Deribit W_USDC-PERPETUAL | +0.060% | −0.0864% | 1h | $18K | $351 | 10x | as long as short |
| Hyperliquid W | +0.086% | +0.0100% | 1h | $2.0M | $612K | 5x | as long as short |
| KuCoin WUSDTM | +0.086% | +0.0100% | 4h | $409K | $256K | 50x | as long as short |
| Bitget WUSDT | +0.086% | +0.0100% | 4h | $1.2M | $609K | 50x | as long as short |
| Extended W-USD | +0.098% | +0.0104% | 1h | $59K | $276K | 5x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance WUSDT | +0.112% | +0.0100% | 4h | $2.9M | $8.5M | 50x | as long as short |
| MEXC W_USDT | +0.146% | +0.0100% | 4h | $11.6M | $1.4M | 50x | as long as short |
| Backpack W_USDC_PERP | +0.206% | +0.0100% | 1h | $37K | $48K | 15x | as long as short |
| Kraken Futures PF_WUSDshort | +0.381% | +0.1505% | 1h | $145K | $193K | 20x | |
| Coinbase International W-PERP-INTX | +0.541% | +0.0088% | 1h | $14K | $22K | 50x | as long as short |
| Injective W/USDC PERP | +3.777% | +0.0033% | 1h | $1K | $23K | 12x | as long as short |