Funding you earn now, next payment 01:00 UTC−0.1750%/8h= −191.6% APRpaid last 24h −0.559%
Price spread now: Kraken Futures against Binance+0.044%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 0.044% dearer against Binance than usual: you sell high and buy low (spread +0.044% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$52 a day in funding at the current rate, which eats that in about 2 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BANDUSDT | 0.2145 | 0.0100 | pay 0.0100% / 8h | 7h 38m | $1.4M | $1.8M | 50x |
| Short | Kraken Futures PF_BANDUSD | 0.2146 | −0.1650 | pay 0.0206% / 1h | 38m 08s | $20K | $789 | 10x |
Binance BANDUSDT
Kraken Futures PF_BANDUSDFunding 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
- −$367.42
- Price spread: +0.044% → 0.000%
- $4.38
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$383.05
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 11 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, 11 min ago | 4.65 bp | 36.1 bp −$36 | 320.0 bp −$3,200 | 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.
BAND on 10 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_BANDUSDshort | −0.1650% | 1h | 0.2146 | +0.044% | $20K | $789 | 10x | |
| BloFin BAND-USDT | +0.0073% | 8h | 0.2152 | +0.316% | $75K | $8K | 50x | as long as short |
| Binance BANDUSDTlong | +0.0100% | 8h | 0.2145 | long leg | $1.4M | $1.8M | 50x | |
| Bybit BANDUSDT | +0.0100% | 8h | 0.2148 | +0.129% | $329K | $175K | 20x | as long as short |
| OKX BAND-USDT-SWAP | +0.0100% | 8h | 0.2147 | +0.083% | $235K | $414K | 10x | as long as short |
| Gate BAND_USDT | +0.0100% | 8h | 0.2154 | +0.409% | $199K | $63K | 20x | as long as short |
| MEXC BAND_USDT | +0.0100% | 8h | 0.2147 | +0.083% | $372K | $149K | 100x | as long as short |
| KuCoin BANDUSDTM | +0.0100% | 8h | 0.2151 | +0.269% | $746K | $64K | 30x | as long as short |
| Bitget BANDUSDT | +0.0100% | 8h | 0.2148 | +0.129% | $804K | $108K | 50x | as long as short |
| Variational Omni BAND | +0.0100% | 8h | 0.2153 | +0.347% | $7K | $963 | — | as long as short |
BloFin BAND-USDT
Bybit BANDUSDT
OKX BAND-USDT-SWAP
Gate BAND_USDT
MEXC BAND_USDT
KuCoin BANDUSDTM
Bitget BANDUSDT
Variational Omni BAND