Funding you earn now, next payment 05:00 UTC+0.3799%/8h= +416.0% APRpaid last 24h +0.961%
Price spread now: Kraken Futures against Binance−0.074%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+2.467%+$247 on $10k
+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. Kraken Futures is 0.074% cheaper against Binance than usual: you would sell low and buy high (spread −0.074% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2 hours of funding at the current rate (+$114 a day). At the pace of the last 7 days (+2.467% in total) that is about 5 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 2.467% in total (about 128.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BICOUSDT | 0.02250 | 0.0100 | pay 0.0100% / 8h | 3h 57m | $4.0M | $8.4M | 20x |
| Short | Kraken Futures PF_BICOUSD | 0.02248 | 0.3899 | get 0.0487% / 1h | 57m 09s | $37K | $57K | 20x |
Binance BICOUSDT
Kraken Futures PF_BICOUSDFunding 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
- $797.86
- Price spread: −0.074% → 0.000%
- −$7.43
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $770.43
- Costs to cover
- 0.200%
- Break-even
- 0.2 days
Slippage unknown: Binance: live order book, 12 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, 12 min ago | 2.22 bp | 19.5 bp −$20 | 113.5 bp −$1,135 | 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.
BICO 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BICOUSDT | +0.0100% | 8h | 0.02252 | +0.069% | $93K | $22K | 5x | as long as short |
| Binance BICOUSDTlong | +0.0100% | 8h | 0.02250 | long leg | $4.0M | $8.4M | 20x | |
| OKX BICO-USDT-SWAP | +0.0100% | 4h | 0.02250 | −0.006% | $1.8M | $5.1M | 20x | as long as short |
| Gate BICO_USDT | +0.0100% | 8h | 0.02250 | −0.006% | $375K | $321K | 20x | as long as short |
| MEXC BICO_USDT | +0.0100% | 8h | 0.02248 | −0.095% | $1.8M | $1.1M | 50x | as long as short |
| Bitget BICOUSDT | +0.0100% | 8h | 0.02249 | −0.050% | $651K | $519K | 10x | as long as short |
| Bybit BICOUSDT | +0.0101% | 8h | 0.02250 | −0.010% | $2.3M | $3.7M | 20x | as long as short |
| BingX BICO-USDT | +0.0101% | 8h | 0.02250 | −0.006% | — | $1.7M | — | as long as short |
| Variational Omni BICO | +0.0174% | 8h | 0.02254 | +0.157% | $14K | $8K | — | as long as short |
| KuCoin BICOUSDTM | +0.0352% | 8h | 0.02253 | +0.128% | $1.1M | $1.4M | 20x | as long as short |
Aster BICOUSDT
OKX BICO-USDT-SWAP
Gate BICO_USDT
MEXC BICO_USDT
Bitget BICOUSDT
Bybit BICOUSDT
BingX BICO-USDT
Variational Omni BICO
KuCoin BICOUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BICOUSDshort | +0.3899% | 1h | 0.02248 | −0.074% | $37K | $57K | 20x |