Funding you earn now, next payment 06:00 UTC−0.2521%/8h= −276.0% APRpaid last 24h −1.922%
Price spread now: Binance against Kraken Futures+0.063%54s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Binance is 0.063% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.063% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$76 a day in funding at the current rate, which eats that in about 2 hours. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ALCHUSD | 0.05146 | 0.3342 | pay 0.0418% / 1h | 17m 19s | $13K | $35K | 10x |
| Short | Binance ALCHUSDT | 0.05149 | 0.0821 | get 0.0411% / 4h | 2h 17m | $6.1M | $28.1M | 10x |
Kraken Futures PF_ALCHUSD
Binance ALCHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$529.39
- Price spread: +0.063% → 0.000%
- $6.29
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$543.1
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 9 min ago. Net counts fees only.
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 no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 9 min ago | 4.84 bp | 47.9 bp −$48 | 281.9 bp −$2,819 | doesn't fit | doesn't fit |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ALCH 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ALCHUSDT | +0.0100% | 4h | 0.05144 | −0.043% | $3.0M | $6.4M | 20x | as long as short |
| Gate ALCH_USDT | +0.0100% | 4h | 0.05155 | +0.170% | $292K | $715K | 20x | as long as short |
| Bitget ALCHUSDT | +0.0100% | 4h | 0.05154 | +0.151% | $910K | $1.9M | 10x | as long as short |
| Variational Omni ALCH | +0.0100% | 4h | 0.05186 | +0.775% | $4K | $18K | — | as long as short |
| Aster ALCHUSDT | +0.0681% | 4h | 0.05159 | +0.244% | $14K | $123K | 5x | as long as short |
| BingX ALCH-USDT | +0.0770% | 4h | 0.05149 | +0.054% | — | $6.7M | — | as long as short |
| BloFin ALCH-USDT | +0.0820% | 4h | 0.05194 | +0.928% | $397K | $118K | 10x | as long as short |
| MEXC ALCH_USDT | +0.0820% | 4h | 0.05158 | +0.229% | $5.1M | $2.5M | 100x | as long as short |
| Binance ALCHUSDTshort | +0.0821% | 4h | 0.05149 | +0.063% | $6.1M | $28.1M | 10x | |
| KuCoin ALCHUSDTM | +0.0838% | 4h | 0.05159 | +0.248% | $1.2M | $293K | 10x | as long as short |
Bybit ALCHUSDT
Gate ALCH_USDT
Bitget ALCHUSDT
Variational Omni ALCH
Aster ALCHUSDT
BingX ALCH-USDT
BloFin ALCH-USDT
MEXC ALCH_USDT
KuCoin ALCHUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALCHUSDlong | +0.3342% | 1h | 0.05146 | long leg | $13K | $35K | 10x |