Funding you earn now, next payment 11:00 UTC−0.2168%/8h= −237.4% APRpaid last 24h −0.062%
Price spread now: Binance against Kraken Futures+0.354%54s7-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. Binance is 0.354% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.354% now, against zero (this spread has no 7-day history yet)): +$35 on $10k if it goes back. Holding the pair costs −$65 a day in funding at the current rate, which eats that in about 13 hours. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SKLUSD | 0.004442 | 0.2268 | pay 0.0284% / 1h | 29m 27s | $4K | $6K | 10x |
| Short | Binance SKLUSDT | 0.004458 | 0.0100 | get 0.0050% / 4h | 1h 29m | $2.6M | $7.3M | 50x |
Kraken Futures PF_SKLUSD
Binance SKLUSDTFunding 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
- −$455.3
- Price spread: +0.354% → 0.000%
- $35.44
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$439.85
- Costs to cover
- 0.200%
- Break-even
- from the start
Slippage unknown: Kraken Futures: no order-book sample; Binance: 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 Binance live order book, 2 min ago | 2.25 bp | 33.7 bp −$34 | 87.5 bp −$875 | 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.
SKL on 10 exchanges
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 SKL-USDT | +0.0082% | 4h | 0.004456 | +0.309% | $168K | $20K | 50x | as long as short |
| Binance SKLUSDTshort | +0.0100% | 4h | 0.004458 | +0.354% | $2.6M | $7.3M | 50x | |
| Bybit SKLUSDT | +0.0100% | 8h | 0.004461 | +0.422% | $810K | $888K | 25x | as long as short |
| Gate SKL_USDT | +0.0100% | 4h | 0.004450 | +0.174% | $155K | $198K | 50x | as long as short |
| MEXC SKL_USDT | +0.0100% | 4h | 0.004458 | +0.354% | $324K | $176K | 20x | as long as short |
| KuCoin SKLUSDTM | +0.0100% | 4h | 0.004463 | +0.467% | $765K | $249K | 30x | as long as short |
| Bitget SKLUSDT | +0.0100% | 4h | 0.004458 | +0.354% | $468K | $738K | 25x | as long as short |
| BingX SKL-USDT | +0.0100% | 4h | 0.004460 | +0.399% | — | $2.3M | — | as long as short |
| Variational Omni SKL | +0.0100% | 8h | 0.004454 | +0.275% | $685 | $1K | — | as long as short |
| Kraken Futures PF_SKLUSDlong | +0.2268% | 1h | 0.004442 | long leg | $4K | $6K | 10x |
BloFin SKL-USDT
Bybit SKLUSDT
Gate SKL_USDT
MEXC SKL_USDT
KuCoin SKLUSDTM
Bitget SKLUSDT
BingX SKL-USDT
Variational Omni SKL