Funding you earn now, next payment 03:00 UTC+0.0629%/8h= +68.9% APRpaid last 24h −0.481%
Price spread now: Binance against Kraken Futures+0.037%7-day average −0.176% · you sell dearer than you buy
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$1051.055% of the position
Funding, last 7 days−0.022%−$2 on $10k
+Price spread, last 4 days (all we have)−0.045%−$4 · spread now +0.037%, 7d avg −0.176%
=Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Binance is 0.212% dearer against Kraken Futures than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.176%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.022% in total (about -1.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_LPTUSD | 1.7094 | −0.0529 | get 0.0066% / 1h | 39m 01s | $47K | $103K | 25x |
| Short | Binance LPTUSDT | 1.7100 | 0.0100 | get 0.0050% / 4h | 1h 39m | $3.5M | $10.6M | 50x |
Kraken Futures PF_LPTUSD
Binance LPTUSDTFunding 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
- $132.17
- Price spread: +0.037% → −0.176%
- $21.22
- Slippage, 4 orders
- −$85.46
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $47.93
- Costs to cover
- 1.055%
- Break-even
- 4.5 days
Slippage from Kraken Futures: live order book, 23 min ago; Binance: live order book, 1 min ago.
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 live order book, 23 min ago | 17.43 bp | 29.9 bp −$30 | 217.8 bp −$2,178 | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 2.92 bp | 20.9 bp −$21 | 74.0 bp −$740 | doesn't fit | doesn't fit |
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_LPTUSDlong | −0.0529% | 1h | 1.7094 | long leg | $47K | $103K | 25x | |
| BloFin LPT-USDT | +0.0043% | 4h | 1.7120 | +0.154% | $199K | $30K | 50x | as long as short |
| Aster LPTUSDT | +0.0100% | 4h | 1.7106 | +0.075% | $2K | $19K | 5x | as long as short |
| Binance LPTUSDTshort | +0.0100% | 4h | 1.7100 | +0.037% | $3.5M | $10.6M | 50x | |
| Bybit LPTUSDT | +0.0100% | 4h | 1.7106 | +0.072% | $1.8M | $1.9M | 25x | as long as short |
| OKX LPT-USDT-SWAP | +0.0100% | 4h | 1.7080 | −0.080% | $1.4M | $3.1M | 20x | as long as short |
| Gate LPT_USDT | +0.0100% | 8h | 1.7110 | +0.095% | $235K | $869K | 50x | as long as short |
| MEXC LPT_USDT | +0.0100% | 4h | 1.7080 | −0.080% | $1.9M | $940K | 50x | as long as short |
| KuCoin LPTUSDTM | +0.0100% | 4h | 1.7120 | +0.154% | $312K | $177K | 50x | as long as short |
| Bitget LPTUSDT | +0.0100% | 4h | 1.7080 | −0.080% | $1.3M | $760K | 50x | as long as short |
BloFin LPT-USDT
Aster LPTUSDT
Bybit LPTUSDT
OKX LPT-USDT-SWAP
Gate LPT_USDT
MEXC LPT_USDT
KuCoin LPTUSDTM
Bitget LPTUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX LPT-USDT | +0.0100% | 4h | 1.7120 | +0.154% | — | $2.5M | — | as long as short |
| Variational Omni LPT | +0.0100% | 4h | 1.7139 | +0.263% | $6K | $3K | — | as long as short |
BingX LPT-USDT
Variational Omni LPT