Funding you earn now, next payment 04:00 UTC−0.4777%/8h= −523.1% APRpaid last 24h +1.846%
Price spread now: Binance against Kraken Futures−0.856%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 −$143 a day on $10k at the current rate, and Binance is 0.856% cheaper against Kraken Futures than usual: you would sell low and buy high (−$86 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_BIGTIMEUSD | 0.008343 | 0.4877 | pay 0.0610% / 1h | 26m 42s | $8K | $6K | 10x |
| Short | Binance BIGTIMEUSDT | 0.008272 | 0.0100 | get 0.0050% / 4h | 26m 42s | $1.8M | $2.3M | 50x |
Kraken Futures PF_BIGTIMEUSD
Binance BIGTIMEUSDTFunding 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
- −$1,003.15
- Price spread: −0.856% → 0.000%
- −$85.64
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$1,108.79
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 8 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, 8 min ago | 3.63 bp | 21.6 bp −$22 | 60.8 bp −$608 | 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.
BIGTIME on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin BIGTIME-USDT | +0.0048% | 4h | 0.008278 | −0.784% | $92K | $10K | 50x | as long as short |
| Hyperliquid BIGTIME | +0.0100% | 1h | 0.008273 | −0.844% | $126K | $98K | 3x | as long as short |
| Binance BIGTIMEUSDTshort | +0.0100% | 4h | 0.008272 | −0.856% | $1.8M | $2.3M | 50x | |
| Bybit BIGTIMEUSDT | +0.0100% | 4h | 0.008269 | −0.892% | $673K | $633K | 25x | as long as short |
| OKX BIGTIME-USDT-SWAP | +0.0100% | 4h | 0.008266 | −0.928% | $436K | $380K | 10x | as long as short |
| Gate BIGTIME_USDT | +0.0100% | 4h | 0.008271 | −0.868% | $61K | $33K | 50x | as long as short |
| MEXC BIGTIME_USDT | +0.0100% | 4h | 0.008273 | −0.844% | $457K | $184K | 125x | as long as short |
| KuCoin BIGTIMEUSDTM | +0.0100% | 4h | 0.008271 | −0.868% | $241K | $28K | 20x | as long as short |
| Bitget BIGTIMEUSDT | +0.0100% | 4h | 0.008282 | −0.737% | $581K | $238K | 50x | as long as short |
| BingX BIGTIME-USDT | +0.0100% | 4h | 0.008275 | −0.820% | — | $2.3M | — | as long as short |
BloFin BIGTIME-USDT
Hyperliquid BIGTIME
Bybit BIGTIMEUSDT
OKX BIGTIME-USDT-SWAP
Gate BIGTIME_USDT
MEXC BIGTIME_USDT
KuCoin BIGTIMEUSDTM
Bitget BIGTIMEUSDT
BingX BIGTIME-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BIGTIME | +0.0100% | 4h | 0.008282 | −0.742% | $10K | $1K | — | as long as short |
| Kraken Futures PF_BIGTIMEUSDlong | +0.4877% | 1h | 0.008343 | long leg | $8K | $6K | 10x |
Variational Omni BIGTIME