Funding you earn now, next payment 05:00 UTC−0.1973%/8h= −216.1% APRpaid last 24h +3.743%
Price spread now: Kraken Futures against Binance−0.096%54s7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$59 a day on $10k at the current rate, and Kraken Futures is 0.096% cheaper against Binance than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance IOTXUSDT | 0.003766 | 0.0100 | pay 0.0100% / 8h | 3h 58m | $2.2M | $5.5M | 50x |
| Short | Kraken Futures PF_IOTXUSD | 0.003762 | −0.1873 | pay 0.0234% / 1h | 58m 21s | $28K | $12K | 10x |
Binance IOTXUSDT
Kraken Futures PF_IOTXUSDFunding 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
- −$414.36
- Price spread: −0.096% → 0.000%
- −$9.62
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$443.99
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 10 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, 10 min ago | 1.33 bp | 40.0 bp −$40 | 190.7 bp −$1,907 | 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.
IOTX on 11 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_IOTXUSDshort | −0.1873% | 1h | 0.003762 | −0.096% | $28K | $12K | 10x | |
| BloFin IOTX-USDT | +0.0072% | 8h | 0.003767 | +0.038% | $207K | $19K | 50x | as long as short |
| Aster IOTXUSDT | +0.0100% | 1h | 0.003766 | +0.001% | $11K | $15K | 5x | as long as short |
| Binance IOTXUSDTlong | +0.0100% | 8h | 0.003766 | long leg | $2.2M | $5.5M | 50x | |
| Bybit IOTXUSDT | +0.0100% | 8h | 0.003769 | +0.091% | $403K | $596K | 25x | as long as short |
| Gate IOTX_USDT | +0.0100% | 8h | 0.003763 | −0.069% | $143K | $141K | 50x | as long as short |
| MEXC IOTX_USDT | +0.0100% | 8h | 0.003765 | −0.015% | $801K | $432K | 50x | as long as short |
| KuCoin IOTXUSDTM | +0.0100% | 8h | 0.003784 | +0.489% | $744K | $62K | 30x | as long as short |
| Bitget IOTXUSDT | +0.0100% | 8h | 0.003769 | +0.091% | $361K | $359K | 50x | as long as short |
| BingX IOTX-USDT | +0.0100% | 8h | 0.003768 | +0.064% | — | $1.6M | — | as long as short |
BloFin IOTX-USDT
Aster IOTXUSDT
Bybit IOTXUSDT
Gate IOTX_USDT
MEXC IOTX_USDT
KuCoin IOTXUSDTM
Bitget IOTXUSDT
BingX IOTX-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni IOTX | +0.0100% | 8h | 0.003767 | +0.047% | $3K | $3K | — | as long as short |
Variational Omni IOTX