Funding you earn now, next payment 02:00 UTC−0.0433%/8h= −47.4% APRpaid last 24h −0.327%
Price spread now: Kraken Futures against Binance+0.022%7-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. Kraken Futures is 0.022% dearer against Binance than usual: you sell high and buy low (spread +0.022% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 4 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance AUCTIONUSDT | 3.6868 | 0.0100 | pay 0.0050% / 4h | 2h 24m | $2.5M | $1.6M | 50x |
| Short | Kraken Futures PF_AUCTIONUSD | 3.6876 | −0.0333 | pay 0.0042% / 1h | 24m 32s | $8K | $256 | 10x |
Binance AUCTIONUSDT
Kraken Futures PF_AUCTIONUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- −$90.85
- Price spread: +0.022% → 0.000%
- $2.16
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$108.69
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 10 min ago; Kraken Futures: no order-book sample. 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 Binance live order book, 10 min ago | 1.36 bp | 23.6 bp −$24 | 167.3 bp −$1,673 | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
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.
AUCTION 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AUCTIONUSDshort | −0.0333% | 1h | 3.6876 | +0.022% | $8K | $256 | 10x | |
| Aster AUCTIONUSDT | +0.0100% | 4h | 3.6858 | −0.029% | $808 | $2K | 5x | as long as short |
| Binance AUCTIONUSDTlong | +0.0100% | 4h | 3.6868 | long leg | $2.5M | $1.6M | 50x | |
| Bybit AUCTIONUSDT | +0.0100% | 4h | 3.6880 | +0.031% | $586K | $272K | 25x | as long as short |
| OKX AUCTION-USDT-SWAP | +0.0100% | 4h | 3.6850 | −0.050% | $773K | $669K | 20x | as long as short |
| Gate AUCTION_USDT | +0.0100% | 8h | 3.6880 | +0.031% | $101K | $68K | 50x | as long as short |
| MEXC AUCTION_USDT | +0.0100% | 4h | 3.6850 | −0.050% | $437K | $144K | 20x | as long as short |
| KuCoin AUCTIONUSDTM | +0.0100% | 4h | 3.6860 | −0.023% | $369K | $113K | 20x | as long as short |
| Bitget AUCTIONUSDT | +0.0100% | 4h | 3.6870 | +0.004% | $377K | $141K | 25x | as long as short |
| BingX AUCTION-USDT | +0.0100% | 4h | 3.6860 | −0.023% | — | $7.8M | — | as long as short |
Aster AUCTIONUSDT
Bybit AUCTIONUSDT
OKX AUCTION-USDT-SWAP
Gate AUCTION_USDT
MEXC AUCTION_USDT
KuCoin AUCTIONUSDTM
Bitget AUCTIONUSDT
BingX AUCTION-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AUCTION | +0.0100% | 4h | 3.6934 | +0.178% | $171 | $38 | — | as long as short |
Variational Omni AUCTION