Funding you earn now, next payment 07:00 UTC+0.0307%/8h= +33.6% APRpaid last 24h +0.265%
Price spread now: Binance against Kraken Futures−0.084%7-day average — · you buy dearer than you sell
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
Funding pays, the price is against you. Binance is 0.084% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.084% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 22 hours of funding at the current rate (+$9 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_AUCTIONUSD | 3.6931 | −0.0207 | get 0.0026% / 1h | 36m 14s | $8K | $259 | 10x |
| Short | Binance AUCTIONUSDT | 3.6900 | 0.0100 | get 0.0050% / 4h | 1h 36m | $2.4M | $1.7M | 50x |
Kraken Futures PF_AUCTIONUSD
Binance AUCTIONUSDTFunding 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
- $64.51
- Price spread: −0.084% → 0.000%
- −$8.41
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $36.1
- Costs to cover
- 0.200%
- Break-even
- 3.1 days
Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 14 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, 14 min ago | 1.35 bp | 23.1 bp −$23 | 113.1 bp −$1,131 | 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.
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_AUCTIONUSDlong | −0.0207% | 1h | 3.6931 | long leg | $8K | $259 | 10x | |
| Aster AUCTIONUSDT | +0.0100% | 4h | 3.6924 | −0.020% | $709 | $3K | 5x | as long as short |
| Binance AUCTIONUSDTshort | +0.0100% | 4h | 3.6900 | −0.084% | $2.4M | $1.7M | 50x | |
| Bybit AUCTIONUSDT | +0.0100% | 4h | 3.6960 | +0.078% | $589K | $266K | 25x | as long as short |
| OKX AUCTION-USDT-SWAP | +0.0100% | 4h | 3.6960 | +0.078% | $785K | $664K | 20x | as long as short |
| Gate AUCTION_USDT | +0.0100% | 8h | 3.6930 | −0.003% | $102K | $65K | 50x | as long as short |
| MEXC AUCTION_USDT | +0.0100% | 4h | 3.6910 | −0.057% | $433K | $148K | 20x | as long as short |
| KuCoin AUCTIONUSDTM | +0.0100% | 4h | 3.6940 | +0.024% | $339K | $123K | 20x | as long as short |
| Bitget AUCTIONUSDT | +0.0100% | 4h | 3.6940 | +0.024% | $377K | $150K | 25x | as long as short |
| BingX AUCTION-USDT | +0.0100% | 4h | 3.6940 | +0.024% | — | $13.8M | — | 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 | 3.7034 | +0.277% | $172 | $38 | — | as long as short |
Variational Omni AUCTION