Funding you earn now, next payment 04:00 UTC+0.0826%/8h= +90.4% APRpaid last 24h +0.175%
Price spread now: Kraken Futures against Binance+0.056%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
Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Kraken Futures is 0.056% dearer against Binance than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SPELLUSDT | 0.00009171 | 0.0100 | pay 0.0100% / 8h | 4h 27m | $1.5M | $1.5M | 50x |
| Short | Kraken Futures PF_SPELLUSD | 0.00009176 | 0.0926 | get 0.0116% / 1h | 27m 43s | $15K | $2K | 10x |
Binance SPELLUSDT
Kraken Futures PF_SPELLUSDFunding 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
- $173.46
- Price spread: +0.056% → 0.000%
- $5.58
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $159.04
- Costs to cover
- 0.200%
- Break-even
- 0.6 days
Slippage unknown: Binance: live order book, 5 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, 5 min ago | 5.45 bp | 30.3 bp −$30 | 229.7 bp −$2,297 | 14620.2 bp −$1.46M | 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.
SPELL on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance SPELLUSDTlong | +0.0100% | 8h | 0.00009171 | long leg | $1.5M | $1.5M | 50x | |
| Gate SPELL_USDT | +0.0100% | 8h | 0.00009180 | +0.098% | $51K | $22K | 20x | as long as short |
| MEXC SPELL_USDT | +0.0100% | 8h | 0.00009160 | −0.120% | $410K | $132K | 20x | as long as short |
| KuCoin SPELLUSDTM | +0.0100% | 8h | 0.00009170 | −0.011% | $191K | $25K | 30x | as long as short |
| Bitget SPELLUSDT | +0.0100% | 8h | 0.00009180 | +0.098% | $610K | $39K | 25x | as long as short |
| Variational Omni SPELL | +0.0100% | 8h | 0.00009173 | +0.026% | $111 | $2K | — | as long as short |
| Kraken Futures PF_SPELLUSDshort | +0.0926% | 1h | 0.00009176 | +0.056% | $15K | $2K | 10x |
Gate SPELL_USDT
MEXC SPELL_USDT
KuCoin SPELLUSDTM
Bitget SPELLUSDT
Variational Omni SPELL