Funding you earn now, next payment 06:00 UTC+0.0394%/8h= +43.2% APRpaid last 24h +0.301%
Price spread now: Binance against Kraken Futures+0.123%7-day average −0.141% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.394%−$139 on $10k
+Price spread, last 4 days (all we have)−0.218%−$22 · spread now +0.123%, 7d avg −0.141%
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Binance is 0.265% dearer against Kraken Futures than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of −0.141%. Mind the row above: over the last 7 days funding on this pair cost −1.394%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_BATUSD | 0.08325 | −0.0294 | get 0.0037% / 1h | 37m 44s | $114K | $7K | 10x |
| Short | Binance BATUSDT | 0.08336 | 0.0100 | get 0.0100% / 8h | 2h 37m | $1.9M | $2.1M | 50x |
Kraken Futures PF_BATUSD
Binance BATUSDTFunding 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
- $82.77
- Price spread: +0.123% → −0.141%
- $26.48
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $89.25
- Costs to cover
- 0.200%
- Break-even
- from the start
Slippage unknown: Kraken Futures: live order book, 9 min ago; Binance: live order book, 11 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 live order book, 9 min ago | 16.70 bp | 337.6 bp −$338 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 0.60 bp | 24.2 bp −$24 | 126.8 bp −$1,268 | doesn't fit | doesn't fit |
BAT 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_BATUSDlong | −0.0294% | 1h | 0.08325 | long leg | $114K | $7K | 10x | |
| Binance BATUSDTshort | +0.0100% | 8h | 0.08336 | +0.123% | $1.9M | $2.1M | 50x | |
| Bybit BATUSDT | +0.0100% | 8h | 0.08338 | +0.152% | $1.1M | $486K | 25x | as long as short |
| OKX BAT-USDT-SWAP | +0.0100% | 8h | 0.08336 | +0.128% | $523K | $415K | 20x | as long as short |
| Gate BAT_USDT | +0.0100% | 8h | 0.08327 | +0.020% | $81K | $28K | 25x | as long as short |
| MEXC BAT_USDT | +0.0100% | 8h | 0.08336 | +0.128% | $785K | $637K | 125x | as long as short |
| KuCoin BATUSDTM | +0.0100% | 8h | 0.08320 | −0.064% | $258K | $63K | 20x | as long as short |
| Bitget BATUSDT | +0.0100% | 8h | 0.08326 | +0.008% | $675K | $179K | 50x | as long as short |
| BingX BAT-USDT | +0.0100% | 8h | 0.08326 | +0.008% | — | $1.3M | — | as long as short |
| Variational Omni BAT | +0.0100% | 8h | 0.08327 | +0.022% | $114K | $78 | — | as long as short |
Bybit BATUSDT
OKX BAT-USDT-SWAP
Gate BAT_USDT
MEXC BAT_USDT
KuCoin BATUSDTM
Bitget BATUSDT
BingX BAT-USDT
Variational Omni BATShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin BAT-USDT | +0.0110% | 8h | 0.08306 | −0.232% | $99K | $33K | 50x | as long as short |
BloFin BAT-USDT