Funding you earn now, next payment 02:00 UTC−0.1081%/8h= −118.4% APRpaid last 24h −0.124%
Price spread now: Binance against Kraken Futures−0.034%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 −$32 a day on $10k at the current rate, and Binance is 0.034% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 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_SPELLUSD | 0.00009193 | 0.1181 | pay 0.0148% / 1h | 5m 34s | $15K | $2K | 10x |
| Short | Binance SPELLUSDT | 0.00009190 | 0.0100 | get 0.0100% / 8h | 6h 05m | $1.5M | $1.6M | 50x |
Kraken Futures PF_SPELLUSD
Binance SPELLUSDTFunding 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
- −$227.08
- Price spread: −0.034% → 0.000%
- −$3.45
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$250.53
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 13 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, 13 min ago | 5.43 bp | 34.4 bp −$34 | 190.9 bp −$1,909 | 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.
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 SPELLUSDTshort | +0.0100% | 8h | 0.00009190 | −0.034% | $1.5M | $1.6M | 50x | |
| Gate SPELL_USDT | +0.0100% | 8h | 0.00009180 | −0.143% | $51K | $24K | 20x | as long as short |
| MEXC SPELL_USDT | +0.0100% | 8h | 0.00009190 | −0.034% | $414K | $132K | 20x | as long as short |
| KuCoin SPELLUSDTM | +0.0100% | 8h | 0.00009190 | −0.034% | $192K | $26K | 30x | as long as short |
| Bitget SPELLUSDT | +0.0100% | 8h | 0.00009190 | −0.034% | $611K | $40K | 25x | as long as short |
| Variational Omni SPELL | +0.0100% | 8h | 0.00009193 | +0.002% | $112 | $2K | — | as long as short |
| Kraken Futures PF_SPELLUSDlong | +0.1181% | 1h | 0.00009193 | long leg | $15K | $2K | 10x |
Gate SPELL_USDT
MEXC SPELL_USDT
KuCoin SPELLUSDTM
Bitget SPELLUSDT
Variational Omni SPELL