Funding you earn now, next payment 03:00 UTC−0.0854%/8h= −93.5% APRpaid last 24h +0.154%
Price spread now: Binance against Kraken Futures+0.032%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+1.586%+$159 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 0.032% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.032% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 3 hours. Mind the row above: over the last 7 days funding on this pair paid +1.586%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_OPENUSD | 0.1443 | 0.0954 | pay 0.0119% / 1h | 42m 17s | $14K | $55K | 10x |
| Short | Binance OPENUSDT | 0.1443 | 0.0100 | get 0.0050% / 4h | 1h 42m | $7.2M | $2.5M | 75x |
Kraken Futures PF_OPENUSD
Binance OPENUSDTFunding 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
- −$179.38
- Price spread: +0.032% → 0.000%
- $3.21
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$196.18
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 12 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, 12 min ago | 3.47 bp | 30.2 bp −$30 | 155.7 bp −$1,557 | 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.
OPEN on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin OPEN-USDT | +0.0093% | 4h | 0.1444 | +0.101% | $677K | $12K | 75x | as long as short |
| Aster OPENUSDT | +0.0100% | 4h | 0.1443 | +0.042% | $252K | $4K | 5x | as long as short |
| Binance OPENUSDTshort | +0.0100% | 4h | 0.1443 | +0.032% | $7.2M | $2.5M | 75x | |
| Gate OPEN_USDT | +0.0100% | 8h | 0.1444 | +0.101% | $828K | $207K | 75x | as long as short |
| KuCoin OPENUSDTM | +0.0100% | 4h | 0.1445 | +0.178% | $2.4M | $47K | 30x | as long as short |
| Bitget OPENUSDT | +0.0100% | 4h | 0.1442 | −0.037% | $2.2M | $187K | 20x | as long as short |
| Extended OPEN-USD | +0.0104% | 1h | 0.1443 | +0.005% | $8K | $105K | 5x | as long as short |
| Bybit OPENUSDT | +0.0762% | 4h | 0.1445 | +0.171% | $1.5M | $681K | 25x | as long as short |
| Kraken Futures PF_OPENUSDlong | +0.0954% | 1h | 0.1443 | long leg | $14K | $55K | 10x |
BloFin OPEN-USDT
Aster OPENUSDT
Gate OPEN_USDT
KuCoin OPENUSDTM
Bitget OPENUSDT
Extended OPEN-USD
Bybit OPENUSDT