Funding you earn now, next payment 23:00 UTC+0.0960%/8h= +105.1% APRpaid last 24h +0.060%
Price spread now: Binance against Kraken Futures−0.246%7-day average −0.129% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1121.117% of the position
Funding, last 7 days+0.268%+$27 on $10k
+Price spread, last 3 days (all we have)+0.131%+$13 · spread now −0.246%, 7d avg −0.129%
=Funding pays, the price is against you. Binance is 0.117% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.246% now, against its 7-day average of −0.129%). If the spread goes back, that is −$12 on $10k: about 10 hours of funding at the current rate (+$29 a day). At the pace of the last 7 days (+0.268% in total) that is about 3.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.268% in total (about 14.0% 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 | Kraken Futures PF_COMPUSD | 22.490 | −0.0860 | get 0.0107% / 1h | 40m 15s | $236K | $82K | 20x |
| Short | Binance COMPUSDT | 22.434 | 0.0100 | get 0.0100% / 8h | 1h 40m | $4.2M | $7.4M | 75x |
Kraken Futures PF_COMPUSD
Binance COMPUSDTFunding 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
- $201.54
- Price spread: −0.246% → −0.129%
- −$11.66
- Slippage, 4 orders
- −$91.69
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $78.19
- Costs to cover
- 1.117%
- Break-even
- 4.3 days
Slippage from Kraken Futures: live order book, 42 min ago; Binance: live order book, 14 min ago.
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 live order book, 42 min ago | 13.98 bp | 39.9 bp −$40 | 464.0 bp −$4,640 | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 2.24 bp | 15.1 bp −$15 | 47.5 bp −$475 | doesn't fit | doesn't fit |
COMP on 16 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_COMPUSDlong | −0.0860% | 1h | 22.490 | long leg | $236K | $82K | 20x | |
| Deribit COMP_USDC-PERPETUAL | −0.0640% | 1h | 22.440 | −0.221% | $328 | $327 | 50x | as long as short |
| Injective COMP/USDC PERP | −0.0449% | 1h | 22.340 | −0.665% | $2K | $13K | 12x | as long as short |
| dYdX COMP-USD | 0.0000% | 1h | 22.408 | −0.363% | $68K | — | 5x | as long as short |
| Coinbase International COMP-PERP-INTX | +0.0040% | 1h | 22.460 | −0.132% | $18K | $53K | 25x | as long as short |
| Hyperliquid COMP | +0.0100% | 1h | 22.469 | −0.091% | $843K | $499K | 5x | as long as short |
| Binance COMPUSDTshort | +0.0100% | 8h | 22.434 | −0.246% | $4.2M | $7.4M | 75x | |
| Bybit COMPUSDT | +0.0100% | 8h | 22.439 | −0.225% | $3.8M | $2.0M | 75x | as long as short |
| OKX COMP-USDT-SWAP | +0.0100% | 8h | 22.430 | −0.265% | $1.6M | $2.2M | 20x | as long as short |
| Gate COMP_USDT | +0.0100% | 8h | 22.410 | −0.354% | $219K | $78K | 25x | as long as short |
Deribit COMP_USDC-PERPETUAL
Injective COMP/USDC PERP
dYdX COMP-USD
Coinbase International COMP-PERP-INTX
Hyperliquid COMP
Bybit COMPUSDT
OKX COMP-USDT-SWAP
Gate COMP_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC COMP_USDT | +0.0100% | 8h | 22.430 | −0.265% | $2.7M | $843K | 20x | as long as short |
| KuCoin COMPUSDTM | +0.0100% | 8h | 22.450 | −0.176% | $453K | $96K | 30x | as long as short |
| Bitget COMPUSDT | +0.0100% | 8h | 22.440 | −0.221% | $1.9M | $685K | 75x | as long as short |
| BingX COMP-USDT | +0.0100% | 8h | 22.430 | −0.265% | — | $36.4M | — | as long as short |
| Variational Omni COMP | +0.0100% | 8h | 22.432 | −0.254% | $15K | $37K | — | as long as short |
| BloFin COMP-USDT | +0.0111% | 8h | 22.420 | −0.309% | $236K | $148K | 20x | as long as short |
MEXC COMP_USDT
KuCoin COMPUSDTM
Bitget COMPUSDT
BingX COMP-USDT
Variational Omni COMP
BloFin COMP-USDT