Funding you earn now, next payment 07:00 UTC−0.0893%/8h= −97.7% APRpaid last 24h +0.035%
Price spread now: Binance against Kraken Futures+0.054%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. Binance is 0.054% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.054% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 5 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_COOKIEUSD | 0.01286 | 0.0993 | pay 0.0124% / 1h | 44m 36s | $15K | $48K | 10x |
| Short | Binance COOKIEUSDT | 0.01287 | 0.0100 | get 0.0050% / 4h | 1h 44m | $2.2M | $9.9M | 20x |
Kraken Futures PF_COOKIEUSD
Binance COOKIEUSDTFunding 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
- −$187.45
- Price spread: +0.054% → 0.000%
- $5.41
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$202.04
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 10 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, 10 min ago | 1.58 bp | 40.7 bp −$41 | 247.2 bp −$2,472 | 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.
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 COOKIEUSDTshort | +0.0100% | 4h | 0.01287 | +0.054% | $2.2M | $9.9M | 20x | |
| Bybit COOKIEUSDT | +0.0100% | 4h | 0.01288 | +0.163% | $888K | $1.6M | 25x | as long as short |
| Gate COOKIE_USDT | +0.0100% | 4h | 0.01285 | −0.094% | $132K | $241K | 25x | as long as short |
| MEXC COOKIE_USDT | +0.0100% | 4h | 0.01286 | −0.016% | $657K | $379K | 100x | as long as short |
| KuCoin COOKIEUSDTM | +0.0100% | 4h | 0.01285 | −0.094% | $231K | $164K | 20x | as long as short |
| Variational Omni COOKIE | +0.0100% | 4h | 0.01278 | −0.636% | $13K | $20K | — | as long as short |
| Bitget COOKIEUSDT | +0.0122% | 4h | 0.01288 | +0.140% | $367K | $325K | 5x | as long as short |
| BingX COOKIE-USDT | +0.0124% | 4h | 0.01287 | +0.039% | — | $6.6M | — | as long as short |
| Kraken Futures PF_COOKIEUSDlong | +0.0993% | 1h | 0.01286 | long leg | $15K | $48K | 10x |
Bybit COOKIEUSDT
Gate COOKIE_USDT
MEXC COOKIE_USDT
KuCoin COOKIEUSDTM
Variational Omni COOKIE
Bitget COOKIEUSDT
BingX COOKIE-USDT