Funding you earn now, next payment 06:00 UTC−0.0588%/8h= −64.4% APRpaid last 24h −0.179%
Price spread now: Kraken Futures against Binance+0.222%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. Kraken Futures is 0.222% dearer against Binance than usual: you sell high and buy low (spread +0.222% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 30 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance KSMUSDT | 4.6077 | 0.0100 | pay 0.0100% / 8h | 2h 54m | $2.0M | $2.7M | 50x |
| Short | Kraken Futures PF_KSMUSD | 4.6180 | −0.0488 | pay 0.0061% / 1h | 54m 39s | $37K | $1K | 20x |
Binance KSMUSDT
Kraken Futures PF_KSMUSDFunding 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
- −$123.56
- Price spread: +0.222% → 0.000%
- $22.17
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$121.39
- Costs to cover
- 0.200%
- Break-even
- from the start
Slippage unknown: Binance: live order book, 11 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, 11 min ago | 1.09 bp | 21.4 bp −$21 | 66.3 bp −$663 | 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.
KSM 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_KSMUSDshort | −0.0488% | 1h | 4.6180 | +0.222% | $37K | $1K | 20x | |
| OKX KSM-USDT-SWAP | −0.0472% | 4h | 4.6000 | −0.168% | $756K | $626K | 20x | as long as short |
| Variational Omni KSM | −0.0363% | 8h | 4.5992 | −0.185% | $453K | $38K | — | as long as short |
| BloFin KSM-USDT | +0.0074% | 8h | 4.6080 | +0.006% | $111K | $18K | 50x | as long as short |
| Binance KSMUSDTlong | +0.0100% | 8h | 4.6077 | long leg | $2.0M | $2.7M | 50x | |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6020 | −0.124% | $2.2M | $664K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6140 | +0.136% | $85K | $37K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6040 | −0.081% | $739K | $238K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6120 | +0.093% | $511K | $33K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6110 | +0.071% | $483K | $209K | 50x | as long as short |
OKX KSM-USDT-SWAP
Variational Omni KSM
BloFin KSM-USDT
Bybit KSMUSDT
Gate KSM_USDT
MEXC KSM_USDT
KuCoin KSMUSDTM
Bitget KSMUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX KSM-USDT | +0.0100% | 8h | 4.6090 | +0.027% | — | $2.4M | — | as long as short |
| Extended KSM-USD | +0.0104% | 1h | 4.6098 | +0.044% | $77K | $420K | 5x | as long as short |
BingX KSM-USDT
Extended KSM-USD