Funding you earn now, next payment 05:00 UTC+0.0629%/8h= +68.9% APRpaid last 24h +0.179%
Price spread now: Binance against Kraken Futures−0.219%7-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
Funding pays, the price is against you. Binance is 0.219% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.219% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 28 hours of funding at the current rate (+$19 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_KSMUSD | 4.6011 | −0.0529 | get 0.0066% / 1h | 2m 42s | $37K | $1K | 20x |
| Short | Binance KSMUSDT | 4.5910 | 0.0100 | get 0.0100% / 8h | 3h 02m | $2.0M | $2.7M | 50x |
Kraken Futures PF_KSMUSD
Binance KSMUSDTFunding 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
- $132.18
- Price spread: −0.219% → 0.000%
- −$21.91
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $90.27
- Costs to cover
- 0.200%
- Break-even
- 2.2 days
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 | 1.09 bp | 23.8 bp −$24 | 68.7 bp −$687 | 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.
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_KSMUSDlong | −0.0529% | 1h | 4.6011 | long leg | $37K | $1K | 20x | |
| OKX KSM-USDT-SWAP | −0.0421% | 4h | 4.5850 | −0.350% | $751K | $624K | 20x | as long as short |
| Variational Omni KSM | −0.0334% | 8h | 4.6042 | +0.068% | $454K | $38K | — | as long as short |
| Binance KSMUSDTshort | +0.0100% | 8h | 4.5910 | −0.219% | $2.0M | $2.7M | 50x | |
| Bybit KSMUSDT | +0.0100% | 8h | 4.5840 | −0.371% | $2.2M | $659K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6010 | −0.002% | $85K | $43K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.5940 | −0.154% | $740K | $243K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.5990 | −0.045% | $509K | $34K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6010 | −0.002% | $482K | $213K | 50x | as long as short |
| BingX KSM-USDT | +0.0100% | 8h | 4.5890 | −0.263% | — | $2.4M | — | as long as short |
OKX KSM-USDT-SWAP
Variational Omni KSM
Bybit KSMUSDT
Gate KSM_USDT
MEXC KSM_USDT
KuCoin KSMUSDTM
Bitget KSMUSDT
BingX KSM-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended KSM-USD | +0.0104% | 1h | 4.5869 | −0.309% | $79K | $395K | 5x | as long as short |
| BloFin KSM-USDT | +0.0113% | 8h | 4.6040 | +0.063% | $110K | $18K | 50x | as long as short |
Extended KSM-USD
BloFin KSM-USDT