Funding you earn now, next payment 01:00 UTC−0.3377%/8h= −369.8% APRpaid last 24h −0.726%
Price spread now: Binance against Kraken Futures−0.300%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 −$101 a day on $10k at the current rate, and Binance is 0.300% cheaper against Kraken Futures than usual: you would sell low and buy high (−$30 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_BICOUSD | 0.02276 | 0.3477 | pay 0.0435% / 1h | 10m 56s | $39K | $52K | 20x |
| Short | Binance BICOUSDT | 0.02269 | 0.0100 | get 0.0100% / 8h | 7h 10m | $4.1M | $8.4M | 20x |
Kraken Futures PF_BICOUSD
Binance BICOUSDTFunding 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
- −$709.27
- Price spread: −0.300% → 0.000%
- −$30.03
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$759.3
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 13 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, 13 min ago | 2.21 bp | 19.2 bp −$19 | 85.2 bp −$852 | 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.
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 | 0.02271 | −0.233% | $95K | $19K | 5x | as long as short |
| Binance BICOUSDTshort | +0.0100% | 8h | 0.02269 | −0.300% | $4.1M | $8.4M | 20x | |
| OKX BICO-USDT-SWAP | +0.0100% | 4h | 0.02271 | −0.233% | $1.9M | $5.2M | 20x | as long as short |
| MEXC BICO_USDT | +0.0100% | 8h | 0.02268 | −0.365% | $1.8M | $1.0M | 50x | as long as short |
| Bitget BICOUSDT | +0.0100% | 8h | 0.02269 | −0.321% | $650K | $472K | 10x | as long as short |
| KuCoin BICOUSDTM | +0.0174% | 8h | 0.02275 | −0.058% | $1.1M | $1.3M | 20x | as long as short |
| Variational Omni BICO | +0.0194% | 8h | 0.02277 | +0.034% | $17K | $5K | — | as long as short |
| Gate BICO_USDT | +0.0527% | 8h | 0.02270 | −0.277% | $406K | $302K | 20x | as long as short |
| BingX BICO-USDT | +0.0563% | 8h | 0.02271 | −0.233% | — | $1.7M | — | as long as short |
| Bybit BICOUSDT | +0.0641% | 8h | 0.02273 | −0.137% | $2.5M | $3.7M | 20x | as long as short |
Aster BICOUSDT
OKX BICO-USDT-SWAP
MEXC BICO_USDT
Bitget BICOUSDT
KuCoin BICOUSDTM
Variational Omni BICO
Gate BICO_USDT
BingX BICO-USDT
Bybit BICOUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BICOUSDlong | +0.3477% | 1h | 0.02276 | long leg | $39K | $52K | 20x |