Funding you earn now, next payment 03:00 UTC−0.0399%/8h= −43.7% APRpaid last 24h −0.298%
Price spread now: Kraken Futures against Binance+0.140%7-day average — · you sell dearer than you buy
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
The price spread pays, funding is against you. Kraken Futures is 0.140% dearer against Binance than usual: you sell high and buy low (spread +0.140% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 28 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance C98USDT | 0.01645 | 0.0100 | pay 0.0100% / 8h | 5h 14m | $1.4M | $1.9M | 50x |
| Short | Kraken Futures PF_C98USD | 0.01647 | −0.0299 | pay 0.0037% / 1h | 14m 19s | $17K | $2K | 10x |
Binance C98USDT
Kraken Futures PF_C98USDFunding 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
- −$83.75
- Price spread: +0.140% → 0.000%
- $13.95
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$89.8
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 5 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, 5 min ago | 3.03 bp | 33.7 bp −$34 | 286.9 bp −$2,869 | 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.
C98 on 9 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_C98USDshort | −0.0299% | 1h | 0.01647 | +0.140% | $17K | $2K | 10x | |
| Binance C98USDTlong | +0.0100% | 8h | 0.01645 | long leg | $1.4M | $1.9M | 50x | |
| Bybit C98USDT | +0.0100% | 8h | 0.01645 | +0.027% | $879K | $324K | 25x | as long as short |
| Gate C98_USDT | +0.0100% | 8h | 0.01648 | +0.210% | $103K | $48K | 25x | as long as short |
| MEXC C98_USDT | +0.0100% | 8h | 0.01644 | −0.033% | $285K | $109K | 100x | as long as short |
| KuCoin C98USDTM | +0.0100% | 8h | 0.01648 | +0.210% | $201K | $40K | 20x | as long as short |
| Bitget C98USDT | +0.0100% | 8h | 0.01645 | +0.027% | $191K | $303K | 50x | as long as short |
| Variational Omni C98 | +0.0100% | 8h | 0.01648 | +0.190% | $8K | $204 | — | as long as short |
| BloFin C98-USDT | +0.0106% | 8h | 0.01645 | +0.027% | $131K | $18K | 50x | as long as short |
Bybit C98USDT
Gate C98_USDT
MEXC C98_USDT
KuCoin C98USDTM
Bitget C98USDT
Variational Omni C98
BloFin C98-USDT