Funding you earn now, next payment 09:00 UTC−0.2328%/8h= −254.9% APRpaid last 24h −0.518%
Price spread now: Kraken Futures against OKX−0.052%45s7-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
Both sides work against this trade now: funding costs −$70 a day on $10k at the current rate, and Kraken Futures is 0.052% cheaper against OKX than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 45 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 | OKX BAND-USDT-SWAP | 0.2153 | 0.0100 | pay 0.0100% / 8h | 6h 59m | $230K | $412K | 10x |
| Short | Kraken Futures PF_BANDUSD | 0.2152 | −0.2228 | pay 0.0278% / 1h | 59m 33s | $20K | $3K | 10x |
OKX BAND-USDT-SWAP
Kraken Futures PF_BANDUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- −$488.87
- Price spread: −0.052% → 0.000%
- −$5.15
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$514.02
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: OKX: live order book, 31 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 OKX live order book, 31 min ago | 2.35 bp | 56.7 bp −$57 | doesn't fit | 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 | −0.2228% | 1h | 0.2152 | −0.052% | $20K | $3K | 10x | |
| Binance BANDUSDT | +0.0100% | 8h | 0.2154 | +0.023% | $1.3M | $1.6M | 50x | as long as short |
| Bybit BANDUSDT | +0.0100% | 8h | 0.2156 | +0.139% | $301K | $183K | 20x | as long as short |
| OKX BAND-USDT-SWAPlong | +0.0100% | 8h | 0.2153 | long leg | $230K | $412K | 10x | |
| Gate BAND_USDT | +0.0100% | 8h | 0.2157 | +0.186% | $199K | $54K | 20x | as long as short |
| MEXC BAND_USDT | +0.0100% | 8h | 0.2153 | 0.000% | $356K | $149K | 100x | as long as short |
| KuCoin BANDUSDTM | +0.0100% | 8h | 0.2159 | +0.279% | $752K | $55K | 30x | as long as short |
| Bitget BANDUSDT | +0.0100% | 8h | 0.2153 | 0.000% | $802K | $102K | 50x | as long as short |
| Variational Omni BAND | +0.0100% | 8h | 0.2155 | +0.098% | $7K | $963 | — | as long as short |
| BloFin BAND-USDT | +0.0127% | 8h | 0.2155 | +0.093% | $74K | $7K | 50x | as long as short |
Binance BANDUSDT
Bybit BANDUSDT
Gate BAND_USDT
MEXC BAND_USDT
KuCoin BANDUSDTM
Bitget BANDUSDT
Variational Omni BAND
BloFin BAND-USDT