Funding you earn now, next payment 06:00 UTC+0.0125%/8h= +13.7% APRpaid last 24h +0.282%
Price spread now: Binance against Kraken Futures+0.476%54s7-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
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Binance is 0.476% dearer against Kraken Futures than usual: you sell high and buy low: +$48 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_C98USD | 0.01613 | −0.0025 | get 0.0003% / 1h | 37m 20s | $17K | $2K | 10x |
| Short | Binance C98USDT | 0.01621 | 0.0100 | get 0.0100% / 8h | 2h 37m | $1.4M | $2.1M | 50x |
Kraken Futures PF_C98USD
Binance C98USDTFunding 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
- $26.19
- Price spread: +0.476% → 0.000%
- $47.62
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $53.8
- Costs to cover
- 0.200%
- Break-even
- from the start
Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 12 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, 12 min ago | 6.11 bp | 36.3 bp −$36 | 139.4 bp −$1,394 | 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.
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_C98USDlong | −0.0025% | 1h | 0.01613 | long leg | $17K | $2K | 10x | |
| BloFin C98-USDT | +0.0084% | 8h | 0.01620 | +0.414% | $131K | $18K | 50x | as long as short |
| Binance C98USDTshort | +0.0100% | 8h | 0.01621 | +0.476% | $1.4M | $2.1M | 50x | |
| Bybit C98USDT | +0.0100% | 8h | 0.01622 | +0.544% | $860K | $331K | 25x | as long as short |
| Gate C98_USDT | +0.0100% | 8h | 0.01627 | +0.848% | $105K | $47K | 25x | as long as short |
| MEXC C98_USDT | +0.0100% | 8h | 0.01620 | +0.414% | $280K | $105K | 100x | as long as short |
| KuCoin C98USDTM | +0.0100% | 8h | 0.01623 | +0.600% | $196K | $39K | 20x | as long as short |
| Bitget C98USDT | +0.0100% | 8h | 0.01622 | +0.538% | $190K | $352K | 50x | as long as short |
| Variational Omni C98 | +0.0100% | 8h | 0.01622 | +0.554% | $8K | $202 | — | as long as short |
BloFin C98-USDT
Bybit C98USDT
Gate C98_USDT
MEXC C98_USDT
KuCoin C98USDTM
Bitget C98USDT
Variational Omni C98