Funding you earn now, next payment 02:00 UTC−0.0942%/8h= −103.2% APRpaid last 24h −0.344%
Price spread now: Binance against Kraken Futures−0.163%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 −$28 a day on $10k at the current rate, and Binance is 0.163% cheaper against Kraken Futures than usual: you would sell low and buy high (−$16 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 | Kraken Futures PF_KAVAUSD | 0.07018 | 0.1042 | pay 0.0130% / 1h | 24m 25s | $42K | $32K | 10x |
| Short | Binance KAVAUSDT | 0.07007 | 0.0100 | get 0.0050% / 4h | 2h 24m | $7.7M | $8.8M | 50x |
Kraken Futures PF_KAVAUSD
Binance KAVAUSDTFunding 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
- −$197.89
- Price spread: −0.163% → 0.000%
- −$16.27
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$234.16
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 15 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, 15 min ago | 0.71 bp | 23.3 bp −$23 | 75.0 bp −$750 | 398.2 bp −$39.8K | 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.
KAVA on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance KAVAUSDTshort | +0.0100% | 4h | 0.07007 | −0.163% | $7.7M | $8.8M | 50x | |
| Bybit KAVAUSDT | +0.0100% | 8h | 0.07006 | −0.177% | $1.3M | $829K | 25x | as long as short |
| Gate KAVA_USDT | +0.0100% | 4h | 0.07013 | −0.077% | $484K | $112K | 25x | as long as short |
| MEXC KAVA_USDT | +0.0100% | 4h | 0.07007 | −0.163% | $425K | $168K | 20x | as long as short |
| KuCoin KAVAUSDTM | +0.0100% | 4h | 0.07003 | −0.220% | $364K | $55K | 12x | as long as short |
| Bitget KAVAUSDT | +0.0100% | 4h | 0.07005 | −0.191% | $760K | $367K | 25x | as long as short |
| BingX KAVA-USDT | +0.0100% | 4h | 0.07008 | −0.148% | — | $2.3M | — | as long as short |
| Variational Omni KAVA | +0.0100% | 8h | 0.07008 | −0.144% | $642 | $1K | — | as long as short |
| Kraken Futures PF_KAVAUSDlong | +0.1042% | 1h | 0.07018 | long leg | $42K | $32K | 10x |
Bybit KAVAUSDT
Gate KAVA_USDT
MEXC KAVA_USDT
KuCoin KAVAUSDTM
Bitget KAVAUSDT
BingX KAVA-USDT
Variational Omni KAVA