Funding you earn now, next payment 07:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h −0.060%
Price spread now: Kraken Futures against Binance−0.356%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 −$3 a day on $10k at the current rate, and Kraken Futures is 0.356% cheaper against Binance than usual: you would sell low and buy high (−$36 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 | Binance SOONUSDT | 0.1953 | 0.0346 | pay 0.0173% / 4h | 1h 35m | $8.0M | $2.0M | 50x |
| Short | Kraken Futures PF_SOONUSD | 0.1946 | 0.0258 | get 0.0032% / 1h | 35m 40s | $11K | $3K | 10x |
Binance SOONUSDT
Kraken Futures PF_SOONUSDFunding 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
- −$18.46
- Price spread: −0.356% → 0.000%
- −$35.65
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$74.11
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 3 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, 3 min ago | 2.55 bp | 33.1 bp −$33 | 198.3 bp −$1,983 | 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.
SOON 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SOONUSDTM | +0.0100% | 4h | 0.1955 | +0.077% | $1.8M | $3.5M | 50x | as long as short |
| Kraken Futures PF_SOONUSDshort | +0.0258% | 1h | 0.1946 | −0.356% | $11K | $3K | 10x | |
| Binance SOONUSDTlong | +0.0346% | 4h | 0.1953 | long leg | $8.0M | $2.0M | 50x | |
| Extended SOON-USD | +0.0360% | 1h | 0.1953 | −0.024% | $7K | $219K | 5x | as long as short |
| OKX SOON-USDT-SWAP | +0.0564% | 4h | 0.1954 | +0.051% | $2.0M | $511K | 20x | as long as short |
| Gate SOON_USDT | +0.0696% | 4h | 0.1949 | −0.205% | $3.2M | $143K | 50x | as long as short |
| Aster SOONUSDT | +0.0883% | 4h | 0.1951 | −0.088% | $190K | $3K | 5x | as long as short |
| Variational Omni SOON | +0.0987% | 4h | 0.1945 | −0.401% | $240K | $21K | — | as long as short |
| Bitget SOONUSDT | +0.1030% | 4h | 0.1954 | +0.051% | $9.2M | $303K | 25x | as long as short |
| Bybit SOONUSDT | +0.1396% | 4h | 0.1945 | −0.410% | $2.5M | $1.2M | 25x | as long as short |
KuCoin SOONUSDTM
Extended SOON-USD
OKX SOON-USDT-SWAP
Gate SOON_USDT
Aster SOONUSDT
Variational Omni SOON
Bitget SOONUSDT
Bybit SOONUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SOON-USDT | +0.1430% | 4h | 0.1950 | −0.154% | — | $6.7M | — | as long as short |
BingX SOON-USDT