Funding you earn now, next payment 01:00 UTC−0.2576%/8h= −282.1% APRpaid last 24h −0.326%
Price spread now: OKX against Kraken Futures−0.822%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.143%−$14 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$77 a day on $10k at the current rate, and OKX is 0.822% cheaper against Kraken Futures than usual: you would sell low and buy high (−$82 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.143% in total (about -7.4% 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 | 0.00009722 | 0.2676 | pay 0.0335% / 1h | 54m 57s | $8K | $59K | 10x |
| Short | OKX NEIRO-USDT-SWAP | 0.00009642 | 0.0100 | get 0.0050% / 4h | 3h 54m | $824K | $3.8M | 20x |
Kraken Futures PF_NEIROUSD
OKX NEIRO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$540.98
- Price spread: −0.822% → 0.000%
- −$82.16
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$643.13
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago | 1.55 bp | 19.5 bp −$20 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster NEIROUSDT | −0.0138% | 4h | 0.00009651 | −0.729% | $63K | $40K | 5x | as long as short |
| Injective NEIRO/USDC PERP | +0.0033% | 1h | 0.00008962 | −7.811% | $2K | $15K | 5.5x | as long as short |
| Hyperliquid kNEIRO | +0.0100% | 1h | 0.00009653 | −0.708% | $190K | $365K | 3x | as long as short |
| Binance NEIROUSDT | +0.0100% | 4h | 0.00009644 | −0.801% | $5.4M | $15.0M | 50x | as long as short |
| OKX NEIRO-USDT-SWAPshort | +0.0100% | 4h | 0.00009642 | −0.822% | $824K | $3.8M | 20x | |
| Extended kNEIRO-USD | +0.0104% | 1h | 0.00009642 | −0.822% | $20K | $21K | 5x | as long as short |
| Kraken Futures PF_NEIROUSDlong | +0.2676% | 1h | 0.00009722 | long leg | $8K | $59K | 10x |
Aster NEIROUSDT
Injective NEIRO/USDC PERP
Hyperliquid kNEIRO
Binance NEIROUSDT
Extended kNEIRO-USD