Funding you earn now, next payment 03:00 UTC+0.1616%/8h= +176.9% APRpaid last 24h +0.061%
Price spread now: Kraken Futures against KuCoin+0.300%52s7-day average +0.117% · you sell dearer than you buy
Net, funding: paid 7d − costs−$440as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$4504.499% of the position
Funding, last 7 days+0.097%+$10 on $10k
+Price spread, last 4 days (all we have)−0.853%−$85 · spread now +0.300%, 7d avg +0.117%
=Both sides work for this trade now. Funding pays +$48 a day on $10k at the current rate, and Kraken Futures is 0.183% dearer against KuCoin than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.117%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.097% 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 | KuCoin WUSDTM | 0.01181 | 0.0100 | pay 0.0050% / 4h | 1h 02m | $382K | $214K | 50x |
| Short | Kraken Futures PF_WUSD | 0.01185 | 0.1716 | get 0.0214% / 1h | 2m 21s | $147K | $184K | 20x |
KuCoin WUSDTM
Kraken Futures PF_WUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against KuCoin. 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
- $339.3
- Price spread: +0.300% → +0.117%
- $18.3
- Slippage, 4 orders
- −$427.92
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$92.32
- Costs to cover
- 4.499%
- Break-even
- 8.9 days
Slippage from KuCoin: live order book, 20 min ago; Kraken Futures: live order book, 60 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 KuCoin live order book, 20 min ago | 16.79 bp | 135.4 bp −$135 | 326.4 bp −$3,264 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 60 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 | −0.0342% | 1h | 0.01182 | +0.051% | $16K | $2K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.371% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01181 | 0.000% | $2.0M | $382K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01182 | +0.046% | $2.9M | $6.6M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01180 | −0.068% | $4.1M | $1.9M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01180 | −0.042% | $1.3M | $1.9M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01180 | −0.085% | $446K | $254K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01182 | +0.093% | $12.8M | $1.4M | 50x | as long as short |
| KuCoin WUSDTMlong | +0.0100% | 4h | 0.01181 | long leg | $382K | $214K | 50x | |
| Bitget WUSDT | +0.0100% | 4h | 0.01183 | +0.169% | $1.3M | $583K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
OKX W-USDT-SWAP
Gate W_USDT
MEXC W_USDT
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01181 | +0.017% | — | $6.8M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01182 | +0.095% | $71K | $41K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01184 | +0.289% | $129K | $423K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01181 | +0.035% | $59K | $235K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0312% | 1h | 0.01196 | +1.245% | $14K | $16K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.0637% | 1h | 0.01183 | +0.186% | $44K | $45K | 15x | as long as short |
| Kraken Futures PF_WUSDshort | +0.1716% | 1h | 0.01185 | +0.300% | $147K | $184K | 20x |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP