Funding you earn now, next payment 05:00 UTC+0.0585%/8h= +64.1% APRpaid last 24h −0.045%
Price spread now: Kraken Futures against Binance+2.087%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
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Kraken Futures is 2.087% dearer against Binance than usual: you sell high and buy low: +$209 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance COOKIEUSDT | 0.01269 | 0.0100 | pay 0.0050% / 4h | 3h 12m | $2.1M | $9.2M | 20x |
| Short | Kraken Futures PF_COOKIEUSD | 0.01296 | 0.0685 | get 0.0086% / 1h | 12m 33s | $13K | $40K | 10x |
Binance COOKIEUSDT
Kraken Futures PF_COOKIEUSDFunding 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
- $122.91
- Price spread: +2.087% → 0.000%
- $208.7
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $311.61
- Costs to cover
- 0.200%
- Break-even
- from the start
Slippage unknown: Binance: live order book, 12 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, 12 min ago | 4.66 bp | 44.1 bp −$44 | 235.2 bp −$2,352 | 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.
COOKIE 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance COOKIEUSDTlong | +0.0100% | 4h | 0.01269 | long leg | $2.1M | $9.2M | 20x | |
| Bybit COOKIEUSDT | +0.0100% | 4h | 0.01272 | +0.173% | $873K | $1.4M | 25x | as long as short |
| Gate COOKIE_USDT | +0.0100% | 4h | 0.01271 | +0.134% | $130K | $224K | 25x | as long as short |
| MEXC COOKIE_USDT | +0.0100% | 4h | 0.01269 | −0.024% | $636K | $360K | 100x | as long as short |
| KuCoin COOKIEUSDTM | +0.0100% | 4h | 0.01270 | +0.055% | $226K | $151K | 20x | as long as short |
| Bitget COOKIEUSDT | +0.0100% | 4h | 0.01270 | +0.055% | $369K | $302K | 5x | as long as short |
| BingX COOKIE-USDT | +0.0100% | 4h | 0.01270 | +0.039% | — | $6.5M | — | as long as short |
| Variational Omni COOKIE | +0.0100% | 4h | 0.01295 | +2.062% | $12K | $20K | — | as long as short |
| Kraken Futures PF_COOKIEUSDshort | +0.0685% | 1h | 0.01296 | +2.087% | $13K | $40K | 10x |
Bybit COOKIEUSDT
Gate COOKIE_USDT
MEXC COOKIE_USDT
KuCoin COOKIEUSDTM
Bitget COOKIEUSDT
BingX COOKIE-USDT
Variational Omni COOKIE