Funding you earn now, next payment 05:00 UTC+0.7474%/8h= +818.4% APRpaid last 24h +2.172%
Price spread now: Kraken Futures against Binance+0.473%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+2.351%+$235 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$224 a day on $10k at the current rate, and Kraken Futures is 0.473% dearer against Binance than usual: you sell high and buy low: +$47 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 2.351% in total (about 122.6% 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 | Binance NIGHTUSDT | 0.02431 | 0.0100 | pay 0.0050% / 4h | 3h 30m | $5.3M | $6.5M | 50x |
| Short | Kraken Futures PF_NIGHTUSD | 0.02442 | 0.7574 | get 0.0947% / 1h | 30m 43s | $65K | $61K | 25x |
Binance NIGHTUSDT
Kraken Futures PF_NIGHTUSDFunding 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
- $1,569.62
- Price spread: +0.473% → 0.000%
- $47.29
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $1,596.91
- Costs to cover
- 0.200%
- Break-even
- from the start
Slippage unknown: Binance: live order book, 8 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, 8 min ago | 2.06 bp | 20.7 bp −$21 | 229.7 bp −$2,297 | 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.
NIGHT on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International NIGHT-PERP-INTX | −2.3328% | 1h | 0.02180 | −10.316% | $1K | — | 50x | as long as short |
| Injective NIGHT/USDC PERP | +0.0033% | 1h | 0.02435 | +0.166% | $1K | $58K | 5.5x | as long as short |
| Aster NIGHTUSDT | +0.0100% | 4h | 0.02431 | 0.000% | $27K | $33K | 10x | as long as short |
| Binance NIGHTUSDTlong | +0.0100% | 4h | 0.02431 | long leg | $5.3M | $6.5M | 50x | |
| Bybit NIGHTUSDT | +0.0100% | 4h | 0.02431 | +0.001% | $2.0M | $1.0M | 50x | as long as short |
| OKX NIGHT-USDT-SWAP | +0.0100% | 4h | 0.02431 | +0.009% | $1.6M | $1.9M | 20x | as long as short |
| Gate NIGHT_USDT | +0.0100% | 8h | 0.02431 | +0.001% | $239K | $208K | 20x | as long as short |
| KuCoin NIGHTUSDTM | +0.0100% | 4h | 0.02432 | +0.031% | $1.4M | $5.2M | 50x | as long as short |
| Bitget NIGHTUSDT | +0.0100% | 4h | 0.02431 | +0.001% | $682K | $414K | 25x | as long as short |
| SunX NIGHT-USDT | +0.0100% | 4h | 0.02427 | −0.163% | $1K | $1.9M | 20x | as long as short |
Coinbase International NIGHT-PERP-INTX
Injective NIGHT/USDC PERP
Aster NIGHTUSDT
Bybit NIGHTUSDT
OKX NIGHT-USDT-SWAP
Gate NIGHT_USDT
KuCoin NIGHTUSDTM
Bitget NIGHTUSDT
SunX NIGHT-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX NIGHT-USDT | +0.0126% | 4h | 0.02431 | +0.001% | — | $6.6M | — | as long as short |
| BloFin NIGHT-USDT | +0.0149% | 4h | 0.02430 | −0.040% | $284K | $41K | 50x | as long as short |
| MEXC NIGHT_USDT | +0.0250% | 4h | 0.02432 | +0.042% | $786K | $450K | 100x | as long as short |
| Deribit NIGHT_USDC-PERPETUAL | +0.0696% | 1h | 0.02434 | +0.116% | $100 | $99 | 10x | as long as short |
| Kraken Futures PF_NIGHTUSDshort | +0.7574% | 1h | 0.02442 | +0.473% | $65K | $61K | 25x |
BingX NIGHT-USDT
BloFin NIGHT-USDT
MEXC NIGHT_USDT
Deribit NIGHT_USDC-PERPETUAL