Funding you earn now, next payment 22:00 UTC−0.0202%/8h= −22.1% APRpaid last 24h −0.011%
Price spread now: Kraken Futures against Binance−0.051%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.032%−$3 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Kraken Futures is 0.051% cheaper against Binance than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.032% in total (about -1.7% 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 | Binance DEXEUSDT | 1.9355 | 0.0100 | pay 0.0050% / 4h | 2h 32m | $7.0M | $8.5M | 20x |
| Short | Kraken Futures PF_DEXEUSD | 1.9345 | −0.0102 | pay 0.0013% / 1h | 32m 58s | $38K | $59K | 20x |
Binance DEXEUSDT
Kraken Futures PF_DEXEUSDFunding 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
- −$42.4
- Price spread: −0.051% → 0.000%
- −$5.08
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$67.48
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 6 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, 6 min ago | 2.59 bp | 13.5 bp −$14 | 68.0 bp −$680 | 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.
DEXE on 12 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_DEXEUSDshort | −0.0102% | 1h | 1.9345 | −0.051% | $38K | $59K | 20x | |
| Injective DEXE/USDC PERP | +0.0033% | 1h | 1.8600 | −3.901% | — | $3K | 5.5x | as long as short |
| Aster DEXEUSDT | +0.0100% | 4h | 1.9340 | −0.077% | $171K | $42K | 5x | as long as short |
| Binance DEXEUSDTlong | +0.0100% | 4h | 1.9355 | long leg | $7.0M | $8.5M | 20x | |
| Bybit DEXEUSDT | +0.0100% | 4h | 1.9367 | +0.062% | $2.4M | $895K | 20x | as long as short |
| Gate DEXE_USDT | +0.0100% | 4h | 1.9340 | −0.077% | $488K | $763K | 20x | as long as short |
| MEXC DEXE_USDT | +0.0100% | 4h | 1.9340 | −0.077% | $1.8M | $208K | 20x | as long as short |
| Bitget DEXEUSDT | +0.0100% | 4h | 1.9340 | −0.077% | $3.2M | $503K | 10x | as long as short |
| BingX DEXE-USDT | +0.0100% | 4h | 1.9350 | −0.026% | — | $1.8M | — | as long as short |
| Variational Omni DEXE | +0.0100% | 4h | 1.9354 | −0.003% | $35K | $2K | — | as long as short |
Injective DEXE/USDC PERP
Aster DEXEUSDT
Bybit DEXEUSDT
Gate DEXE_USDT
MEXC DEXE_USDT
Bitget DEXEUSDT
BingX DEXE-USDT
Variational Omni DEXEShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_DEXE_USDC_mythos | +0.0100% | 4h | 1.9340 | −0.077% | $8K | — | 10x | as long as short |
| BloFin DEXE-USDT | +0.0340% | 4h | 1.9330 | −0.129% | $393K | $30K | 20x | as long as short |
Orderly PERP_DEXE_USDC_mythos
BloFin DEXE-USDT