Funding you earn now, next payment 03:00 UTC−0.1520%/8h= −166.5% APRpaid last 24h −0.396%
Price spread now: Binance against Kraken Futures+0.066%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.293%−$29 on $10k
+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. Binance is 0.066% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.066% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$46 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.293% in total) that is about 38 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.293% in total (about -15.3% 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_NEIROUSD | 0.00009597 | 0.1620 | pay 0.0203% / 1h | 37m 30s | $7K | $62K | 10x |
| Short | Binance NEIROUSDT | 0.00009603 | 0.0100 | get 0.0050% / 4h | 1h 37m | $5.4M | $15.7M | 50x |
Kraken Futures PF_NEIROUSD
Binance NEIROUSDTFunding 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
- −$319.26
- Price spread: +0.066% → 0.000%
- $6.63
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$332.63
- Costs to cover
- 0.200%
- Break-even
- never at this rate
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 | 0.52 bp | 15.1 bp −$15 | 48.6 bp −$486 | 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.
NEIRO on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective NEIRO/USDC PERP | +0.0033% | 1h | 0.00008962 | −6.608% | $2K | $15K | 5.5x | as long as short |
| Hyperliquid kNEIRO | +0.0100% | 1h | 0.00009597 | +0.004% | $186K | $368K | 3x | as long as short |
| Aster NEIROUSDT | +0.0100% | 4h | 0.00009573 | −0.246% | $64K | $42K | 5x | as long as short |
| Binance NEIROUSDTshort | +0.0100% | 4h | 0.00009603 | +0.066% | $5.4M | $15.7M | 50x | |
| OKX NEIRO-USDT-SWAP | +0.0100% | 4h | 0.00009601 | +0.045% | $783K | $3.9M | 20x | as long as short |
| Extended kNEIRO-USD | +0.0104% | 1h | 0.00009573 | −0.243% | $20K | $21K | 5x | as long as short |
| Kraken Futures PF_NEIROUSDlong | +0.1620% | 1h | 0.00009597 | long leg | $7K | $62K | 10x |
Injective NEIRO/USDC PERP
Hyperliquid kNEIRO
Aster NEIROUSDT
OKX NEIRO-USDT-SWAP
Extended kNEIRO-USD