Funding you earn now, next payment 03:00 UTC−3.9430%/8h= −4317.6% APRpaid last 24h −3.363%
Price spread now: Binance against Kraken Futures−0.990%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
Both sides work against this trade now: funding costs −$1,183 a day on $10k at the current rate, and Binance is 0.990% cheaper against Kraken Futures than usual: you would sell low and buy high (−$99 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_BELUSD | 0.1274 | 3.9530 | pay 0.4941% / 1h | 14m 06s | $9K | $10K | 10x |
| Short | Binance BELUSDT | 0.1261 | 0.0100 | get 0.0100% / 8h | 5h 14m | $2.0M | $1.4M | 10x |
Kraken Futures PF_BELUSD
Binance BELUSDTFunding 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
- −$8,280.33
- Price spread: −0.990% → 0.000%
- −$99.01
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$8,399.34
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 5 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, 5 min ago | 1.19 bp | 20.9 bp −$21 | 170.6 bp −$1,706 | 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.
BEL on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BELUSDT | +0.0100% | 8h | 0.1262 | −0.912% | $11K | $3K | 5x | as long as short |
| Binance BELUSDTshort | +0.0100% | 8h | 0.1261 | −0.990% | $2.0M | $1.4M | 10x | |
| Bybit BELUSDT | +0.0100% | 8h | 0.1263 | −0.872% | $237K | $147K | 10x | as long as short |
| MEXC BEL_USDT | +0.0100% | 8h | 0.1261 | −0.982% | $153K | $91K | 50x | as long as short |
| KuCoin BELUSDTM | +0.0100% | 8h | 0.1263 | −0.849% | $61K | $17K | 10x | as long as short |
| Variational Omni BEL | +0.0100% | 8h | 0.1265 | −0.711% | $3K | $11 | — | as long as short |
| Gate BEL_USDT | +0.0683% | 8h | 0.1263 | −0.833% | $111K | $46K | 10x | as long as short |
| Kraken Futures PF_BELUSDlong | +3.9530% | 1h | 0.1274 | long leg | $9K | $10K | 10x |
Aster BELUSDT
Bybit BELUSDT
MEXC BEL_USDT
KuCoin BELUSDTM
Variational Omni BEL
Gate BEL_USDT