Funding you earn now, next payment 04:00 UTC−0.1841%/8h= −201.6% APRnext payment −$2.30 per $10,000 · paid last 24h −0.368%
Price spread now: Binance against Kraken Futures+0.214%7-day average −0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1511.509% of the position
Funding, last 7 days+0.897%+$90 on $10k
+Price spread, last 4 days (all we have)+0.414%+$41 · spread now +0.214%, 7d avg −0.058%
=The price spread pays, funding is against you. Binance is 0.272% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.214% now, against its 7-day average of −0.058%): +$27 on $10k if it goes back. Holding the pair costs −$55 a day in funding at the current rate, which eats that in about 12 hours. Mind the row above: over the last 7 days funding on this pair paid +0.897%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.897% in total (about 46.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.30 per $10,000. 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_LSKUSD | 0.3420 | −0.0591 | get 0.0074% / 1h | 48m 58s | $102K | $343K | 10x |
| Short | Binance LSKUSDT | 0.3427 | −0.2431 | pay 0.0304% / 1h | 48m 58s | $14.6M | $99.2M | 50x |
Kraken Futures PF_LSKUSD
Binance LSKUSDTFunding 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
- −$386.56
- Price spread: +0.214% → −0.058%
- $27.22
- Slippage, 4 orders
- −$130.89
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$510.23
- Costs to cover
- 1.509%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 9 min ago; Binance: live order book, 9 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, 9 min ago | 49.23 bp | 65.3 bp −$65 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 0.58 bp | 13.2 bp −$13 | 63.4 bp −$634 | doesn't fit | doesn't fit |
LSK on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate LSK_USDT | −0.4184% | 1h | 0.3424 | +0.114% | $1.4M | $2.7M | 20x | as long as short |
| Bybit LSKUSDT | −0.4170% | 1h | 0.3434 | +0.401% | $9.3M | $20.5M | 25x | as long as short |
| Binance LSKUSDTshort | −0.2431% | 1h | 0.3427 | +0.214% | $14.6M | $99.2M | 50x | |
| MEXC LSK_USDT | −0.2416% | 1h | 0.3423 | +0.079% | $8.1M | $2.5M | 20x | as long as short |
| Variational Omni LSK | −0.2363% | 1h | 0.3451 | +0.911% | $26K | $184K | — | as long as short |
| Phemex LSKUSDT | −0.2279% | 4h | 0.3427 | +0.187% | $1.2M | $2.4M | 10x | as long as short |
| Aster LSKUSDT | −0.1916% | 1h | 0.3420 | −0.013% | $60K | $130K | 5x | as long as short |
| Bitget LSKUSDT | −0.0840% | 1h | 0.3429 | +0.261% | $2.6M | $9.6M | 50x | as long as short |
| HTX LSK-USDT | −0.0806% | 1h | 0.3424 | +0.120% | $55K | $279K | 20x | as long as short |
| Kraken Futures PF_LSKUSDlong | −0.0591% | 1h | 0.3420 | long leg | $102K | $343K | 10x |
Gate LSK_USDT
Bybit LSKUSDT
MEXC LSK_USDT
Variational Omni LSK
Phemex LSKUSDT
Aster LSKUSDT
Bitget LSKUSDT
HTX LSK-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX LSK-USDT | −0.0320% | 1h | 0.3427 | +0.205% | — | $2.8M | — | as long as short |
BingX LSK-USDT