Funding you earn now, next payment 06:00 UTC−0.0051%/8h= −5.6% APRpaid last 24h +0.417%
Price spread now: Kraken Futures against Binance+0.150%7-day average +0.176% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.042%+$4 on $10k
+Price spread, last 4 days (all we have)−0.142%−$14 · spread now +0.150%, 7d avg +0.176%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Kraken Futures is 0.025% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.176%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance LPTUSDT | 1.6970 | 0.0100 | pay 0.0050% / 4h | 2h 55m | $3.4M | $8.8M | 50x |
| Short | Kraken Futures PF_LPTUSD | 1.6996 | 0.0049 | get 0.0006% / 1h | 55m 48s | $43K | $83K | 25x |
Binance LPTUSDT
Kraken Futures PF_LPTUSDFunding 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
- −$10.81
- Price spread: +0.150% → +0.176%
- −$2.51
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$33.32
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 14 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, 14 min ago | 2.94 bp | 21.1 bp −$21 | 93.2 bp −$932 | 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.
LPT 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_LPTUSDshort | +0.0049% | 1h | 1.6996 | +0.150% | $43K | $83K | 25x | |
| Aster LPTUSDT | +0.0100% | 4h | 1.6973 | +0.017% | $1K | $18K | 5x | as long as short |
| Binance LPTUSDTlong | +0.0100% | 4h | 1.6970 | long leg | $3.4M | $8.8M | 50x | |
| Bybit LPTUSDT | +0.0100% | 4h | 1.6974 | +0.024% | $1.7M | $1.6M | 25x | as long as short |
| OKX LPT-USDT-SWAP | +0.0100% | 4h | 1.6970 | 0.000% | $1.4M | $2.6M | 20x | as long as short |
| Gate LPT_USDT | +0.0100% | 8h | 1.6950 | −0.118% | $227K | $821K | 50x | as long as short |
| MEXC LPT_USDT | +0.0100% | 4h | 1.6970 | 0.000% | $1.8M | $806K | 50x | as long as short |
| KuCoin LPTUSDTM | +0.0100% | 4h | 1.6960 | −0.059% | $314K | $155K | 50x | as long as short |
| Bitget LPTUSDT | +0.0100% | 4h | 1.6970 | 0.000% | $1.3M | $608K | 50x | as long as short |
| BingX LPT-USDT | +0.0100% | 4h | 1.6980 | +0.059% | — | $2.5M | — | as long as short |
Aster LPTUSDT
Bybit LPTUSDT
OKX LPT-USDT-SWAP
Gate LPT_USDT
MEXC LPT_USDT
KuCoin LPTUSDTM
Bitget LPTUSDT
BingX LPT-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni LPT | +0.0100% | 4h | 1.6974 | +0.024% | $6K | $3K | — | as long as short |
| BloFin LPT-USDT | +0.0110% | 4h | 1.6920 | −0.295% | $194K | $32K | 50x | as long as short |
Variational Omni LPT
BloFin LPT-USDT