Funding you earn now, next payment 09:00 UTC−3.9404%/8h= −4314.7% APRpaid last 24h −3.348%
Price spread now: Binance against Kraken Futures−0.990%7-day average — · you buy dearer than you sell
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
Both sides work against this trade now: funding costs −$1,182 a day on $10k at the current rate, and Binance is 0.990% cheaper against Kraken Futures than usual: you would sell low and buy high (−$99 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_RAREUSD | 0.01337 | 3.9504 | pay 0.4938% / 1h | 44m 40s | $3K | $2K | 10x |
| Short | Binance RAREUSDT | 0.01323 | 0.0100 | get 0.0050% / 4h | 3h 44m | $1.6M | $1.1M | 25x |
Kraken Futures PF_RAREUSD
Binance RAREUSDTFunding 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
- −$8,274.78
- Price spread: −0.990% → 0.000%
- −$99.02
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$8,393.8
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 4 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, 4 min ago | 3.78 bp | 36.3 bp −$36 | 273.3 bp −$2,733 | 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.
RARE on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX RARE-USDT | +0.0070% | 4h | 0.01323 | −1.016% | — | $1.3M | — | as long as short |
| Aster RAREUSDT | +0.0100% | 4h | 0.01323 | −1.016% | $8K | $3K | 5x | as long as short |
| Binance RAREUSDTshort | +0.0100% | 4h | 0.01323 | −0.990% | $1.6M | $1.1M | 25x | |
| Gate RARE_USDT | +0.0100% | 4h | 0.01323 | −1.016% | $49K | $25K | 20x | as long as short |
| MEXC RARE_USDT | +0.0100% | 4h | 0.01322 | −1.091% | $637K | $175K | 100x | as long as short |
| KuCoin RAREUSDTM | +0.0100% | 4h | 0.01325 | −0.867% | $203K | $69K | 30x | as long as short |
| Bitget RAREUSDT | +0.0100% | 4h | 0.01322 | −1.091% | $231K | $76K | 20x | as long as short |
| Variational Omni RARE | +0.0100% | 4h | 0.01326 | −0.819% | $1K | $923 | — | as long as short |
| BloFin RARE-USDT | +0.0156% | 4h | 0.01324 | −0.941% | $105K | $12K | 25x | as long as short |
| Bybit RAREUSDT | +0.0170% | 4h | 0.01325 | −0.837% | $311K | $90K | 25x | as long as short |
BingX RARE-USDT
Aster RAREUSDT
Gate RARE_USDT
MEXC RARE_USDT
KuCoin RAREUSDTM
Bitget RAREUSDT
Variational Omni RARE
BloFin RARE-USDT
Bybit RAREUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_RAREUSDlong | +3.9504% | 1h | 0.01337 | long leg | $3K | $2K | 10x |