Funding you earn now, next payment 09:00 UTC+0.0039%/8h= +4.3% APRpaid last 24h +0.151%
Price spread now: Binance against Kraken Futures+0.029%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 +$1 a day on $10k at the current rate, and Binance is 0.029% dearer against Kraken Futures than usual: you sell high and buy low: +$3 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 | Kraken Futures PF_IOTAUSD | 0.04768 | 0.0061 | pay 0.0008% / 1h | 49m 00s | $17K | $19K | 10x |
| Short | Binance IOTAUSDT | 0.04769 | 0.0100 | get 0.0100% / 8h | 7h 49m | $3.4M | $5.7M | 75x |
Kraken Futures PF_IOTAUSD
Binance IOTAUSDTFunding 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
- $8.21
- Price spread: +0.029% → 0.000%
- $2.89
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$8.9
- Costs to cover
- 0.200%
- Break-even
- 14.6 days
Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 4 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, 4 min ago | 2.10 bp | 18.2 bp −$18 | 79.8 bp −$798 | 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.
IOTA 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_IOTAUSDlong | +0.0061% | 1h | 0.04768 | long leg | $17K | $19K | 10x | |
| BloFin IOTA-USDT | +0.0076% | 8h | 0.04762 | −0.123% | $164K | $42K | 75x | as long as short |
| Hyperliquid IOTA | +0.0100% | 1h | 0.04766 | −0.031% | $893K | $327K | 3x | as long as short |
| Binance IOTAUSDTshort | +0.0100% | 8h | 0.04769 | +0.029% | $3.4M | $5.7M | 75x | |
| Bybit IOTAUSDT | +0.0100% | 8h | 0.04766 | −0.039% | $2.2M | $1.5M | 75x | as long as short |
| OKX IOTA-USDT-SWAP | +0.0100% | 8h | 0.04766 | −0.039% | $551K | $1.4M | 20x | as long as short |
| Gate IOTA_USDT | +0.0100% | 8h | 0.04761 | −0.144% | $822K | $250K | 75x | as long as short |
| MEXC IOTA_USDT | +0.0100% | 8h | 0.04769 | +0.024% | $586K | $170K | 125x | as long as short |
| Bitget IOTAUSDT | +0.0100% | 8h | 0.04771 | +0.066% | $1.8M | $722K | 50x | as long as short |
| BingX IOTA-USDT | +0.0100% | 8h | 0.04767 | −0.018% | — | $2.3M | — | as long as short |
BloFin IOTA-USDT
Hyperliquid IOTA
Bybit IOTAUSDT
OKX IOTA-USDT-SWAP
Gate IOTA_USDT
MEXC IOTA_USDT
Bitget IOTAUSDT
BingX IOTA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni IOTA | +0.0100% | 8h | 0.04761 | −0.140% | $51K | $33K | — | as long as short |
| KuCoin IOTAUSDTM | +0.0772% | 8h | 0.04771 | +0.066% | $2.7M | $188K | 30x | as long as short |
Variational Omni IOTA
KuCoin IOTAUSDTM