Funding you earn now, next payment 23:00 UTC−0.0285%/8h= −31.2% APRpaid last 24h −0.117%
Price spread now: Kraken Futures against Binance+0.207%7-day average +0.098% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$890.892% of the position
Funding, last 7 days+0.283%+$28 on $10k
+Price spread, last 3 days (all we have)−0.027%−$3 · spread now +0.207%, 7d avg +0.098%
=The price spread pays, funding is against you. Kraken Futures is 0.109% dearer against Binance than usual: you sell high and buy low (spread +0.207% now, against its 7-day average of +0.098%): +$11 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 31 hours. Mind the row above: over the last 7 days funding on this pair paid +0.283%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ETHFIUSDT | 0.7164 | 0.0032 | pay 0.0016% / 4h | 1h 21m | $24.8M | $37.2M | 75x |
| Short | Kraken Futures PF_ETHFIUSD | 0.7179 | −0.0252 | pay 0.0032% / 1h | 21m 11s | $281K | $148K | 20x |
Binance ETHFIUSDT
Kraken Futures PF_ETHFIUSDFunding 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
- −$59.75
- Price spread: +0.207% → +0.098%
- $10.94
- Slippage, 4 orders
- −$69.23
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$138.04
- Costs to cover
- 0.892%
- Break-even
- never at this rate
Slippage from Binance: live order book, 6 min ago; Kraken Futures: live order book, 61 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 Binance live order book, 6 min ago | 0.70 bp | 12.1 bp −$12 | 30.9 bp −$309 | 192.3 bp −$19.2K | doesn't fit |
| Sell Kraken Futures live order book, 61 min ago | 16.06 bp | 36.3 bp −$36 | 139.5 bp −$1,395 | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0586% | 1h | 0.7167 | +0.042% | $42K | $18K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSDshort | −0.0252% | 1h | 0.7179 | +0.207% | $281K | $148K | 20x | |
| HTX ETHFI-USDT | −0.0199% | 4h | 0.7162 | −0.028% | $83K | $165K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0185% | 4h | 0.7164 | 0.000% | $16K | $1K | 10x | as long as short |
| Extended ETHFI-USD | +0.0032% | 1h | 0.7163 | −0.012% | $93K | $493K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0032% | 8h | 0.7169 | +0.064% | $6K | — | 5x | as long as short |
| Binance ETHFIUSDTlong | +0.0032% | 4h | 0.7164 | long leg | $24.8M | $37.2M | 75x | |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.061% | $321 | $51K | 5.5x | as long as short |
| MEXC ETHFI_USDT | +0.0034% | 4h | 0.7163 | −0.014% | $15.1M | $3.8M | 125x | as long as short |
| Bitget ETHFIUSDT | +0.0084% | 4h | 0.7164 | 0.000% | $6.1M | $5.7M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Extended ETHFI-USD
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
MEXC ETHFI_USDT
Bitget ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.7161 | −0.039% | $9K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7171 | +0.103% | $1.1M | $898K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7170 | +0.085% | $18.1M | $8.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7167 | +0.037% | $183K | $258K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7168 | +0.056% | $18.2M | $13.0M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7167 | +0.042% | $4.9M | $12.5M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7169 | +0.070% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7167 | +0.042% | $1.2M | $272K | 50x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7167 | +0.042% | — | $26.1M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7143 | −0.292% | $1.0M | $755K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7167 | +0.047% | $59K | $93K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7169 | +0.070% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0129% | 4h | 0.7163 | −0.014% | $1.3M | $291K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0304% | 1h | 0.7177 | +0.181% | $31K | $7K | 50x | as long as short |
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDT
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX