Funding you earn now, next payment 02:00 UTC−0.0759%/8h= −83.1% APRpaid last 24h −0.039%
Price spread now: Kraken Futures against Binance+0.385%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+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. Kraken Futures is 0.385% dearer against Binance than usual: you sell high and buy low (spread +0.385% now, against zero (this spread has no 7-day history yet)): +$39 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 41 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PIXELUSDT | 0.005467 | 0.0100 | pay 0.0050% / 4h | 2h 06m | $1.8M | $1.7M | 25x |
| Short | Kraken Futures PF_PIXELUSD | 0.005488 | −0.0659 | pay 0.0082% / 1h | 6m 50s | $5K | $2K | 10x |
Binance PIXELUSDT
Kraken Futures PF_PIXELUSDFunding 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
- −$159.38
- Price spread: +0.385% → 0.000%
- $38.52
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$140.86
- Costs to cover
- 0.200%
- Break-even
- from the start
Slippage unknown: Binance: live order book, 12 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, 12 min ago | 2.74 bp | 26.7 bp −$27 | 235.9 bp −$2,359 | 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.
PIXEL on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PIXELUSDshort | −0.0659% | 1h | 0.005488 | +0.385% | $5K | $2K | 10x | |
| Aster PIXELUSDT | +0.0100% | 4h | 0.005464 | −0.057% | $4K | $4K | 5x | as long as short |
| Binance PIXELUSDTlong | +0.0100% | 4h | 0.005467 | long leg | $1.8M | $1.7M | 25x | |
| Bybit PIXELUSDT | +0.0100% | 4h | 0.005468 | +0.024% | $527K | $201K | 25x | as long as short |
| Gate PIXEL_USDT | +0.0100% | 4h | 0.005458 | −0.159% | $150K | $39K | 50x | as long as short |
| MEXC PIXEL_USDT | +0.0100% | 4h | 0.005466 | −0.013% | $904K | $206K | 20x | as long as short |
| KuCoin PIXELUSDTM | +0.0100% | 4h | 0.005462 | −0.086% | $359K | $73K | 25x | as long as short |
| Bitget PIXELUSDT | +0.0100% | 4h | 0.005462 | −0.086% | $585K | $417K | 25x | as long as short |
| BingX PIXEL-USDT | +0.0100% | 4h | 0.005466 | −0.013% | — | $1.3M | — | as long as short |
| Variational Omni PIXEL | +0.0100% | 4h | 0.005472 | +0.098% | $1K | $254 | — | as long as short |
Aster PIXELUSDT
Bybit PIXELUSDT
Gate PIXEL_USDT
MEXC PIXEL_USDT
KuCoin PIXELUSDTM
Bitget PIXELUSDT
BingX PIXEL-USDT
Variational Omni PIXEL