Funding you earn now, next payment 06:00 UTC−0.0657%/8h= −72.0% APRpaid last 24h −4.075%
Price spread now: Binance against Kraken Futures+0.367%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 0.367% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.367% now, against zero (this spread has no 7-day history yet)): +$37 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 45 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_IOTXUSD | 0.003694 | 0.0757 | pay 0.0095% / 1h | 19m 42s | $32K | $18K | 10x |
| Short | Binance IOTXUSDT | 0.003708 | 0.0100 | get 0.0100% / 8h | 2h 19m | $2.1M | $5.6M | 50x |
Kraken Futures PF_IOTXUSD
Binance IOTXUSDTFunding 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
- −$138.06
- Price spread: +0.367% → 0.000%
- $36.66
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$121.39
- Costs to cover
- 0.200%
- Break-even
- from the start
Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 3 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, 3 min ago | 2.73 bp | 32.8 bp −$33 | 130.2 bp −$1,302 | 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.
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster IOTXUSDT | +0.0100% | 1h | 0.003713 | +0.499% | $11K | $16K | 5x | as long as short |
| Binance IOTXUSDTshort | +0.0100% | 8h | 0.003708 | +0.367% | $2.1M | $5.6M | 50x | |
| Bybit IOTXUSDT | +0.0100% | 8h | 0.003705 | +0.285% | $395K | $621K | 25x | as long as short |
| Gate IOTX_USDT | +0.0100% | 8h | 0.003707 | +0.340% | $141K | $144K | 50x | as long as short |
| MEXC IOTX_USDT | +0.0100% | 8h | 0.003710 | +0.421% | $776K | $444K | 50x | as long as short |
| KuCoin IOTXUSDTM | +0.0100% | 8h | 0.003705 | +0.285% | $727K | $59K | 30x | as long as short |
| Bitget IOTXUSDT | +0.0100% | 8h | 0.003699 | +0.123% | $325K | $373K | 50x | as long as short |
| BingX IOTX-USDT | +0.0100% | 8h | 0.003710 | +0.421% | — | $1.6M | — | as long as short |
| Variational Omni IOTX | +0.0100% | 8h | 0.003693 | −0.043% | $3K | $3K | — | as long as short |
| BloFin IOTX-USDT | +0.0126% | 8h | 0.003695 | +0.015% | $201K | $20K | 50x | as long as short |
Aster IOTXUSDT
Bybit IOTXUSDT
Gate IOTX_USDT
MEXC IOTX_USDT
KuCoin IOTXUSDTM
Bitget IOTXUSDT
BingX IOTX-USDT
Variational Omni IOTX
BloFin IOTX-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_IOTXUSDlong | +0.0757% | 1h | 0.003694 | long leg | $32K | $18K | 10x |