Funding you earn now, next payment 09:00 UTC−0.6090%/8h= −666.9% APRpaid last 24h −0.645%
Price spread now: Binance against Kraken Futures−0.631%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.583%−$58 on $10k
+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 −$183 a day on $10k at the current rate, and Binance is 0.631% cheaper against Kraken Futures than usual: you would sell low and buy high (−$63 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.583% in total (about -30.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_STGUSD | 0.1220 | 0.7420 | pay 0.0927% / 1h | 57m 35s | $9K | $8K | 10x |
| Short | Binance STGUSDT | 0.1212 | 0.1329 | get 0.0665% / 4h | 3h 57m | $2.6M | $5.1M | 20x |
Kraken Futures PF_STGUSD
Binance STGUSDTFunding 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
- −$1,278.99
- Price spread: −0.631% → 0.000%
- −$63.08
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$1,362.07
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 10 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, 10 min ago | 4.11 bp | 40.1 bp −$40 | 263.0 bp −$2,630 | 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.
STG on 10 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 STGUSDTM | +0.0100% | 4h | 0.1209 | −0.884% | $741K | $228K | 30x | as long as short |
| BingX STG-USDT | +0.1328% | 4h | 0.1209 | −0.884% | — | $1.2M | — | as long as short |
| Binance STGUSDTshort | +0.1329% | 4h | 0.1212 | −0.631% | $2.6M | $5.1M | 20x | |
| Variational Omni STG | +0.1338% | 8h | 0.1215 | −0.389% | $33K | $59K | — | as long as short |
| Bitget STGUSDT | +0.1400% | 4h | 0.1212 | −0.638% | $439K | $1.7M | 50x | as long as short |
| Gate STG_USDT | +0.1622% | 4h | 0.1212 | −0.638% | $115K | $152K | 25x | as long as short |
| Aster STGUSDT | +0.1934% | 4h | 0.1210 | −0.817% | $15K | $44K | 5x | as long as short |
| MEXC STG_USDT | +0.3214% | 8h | 0.1210 | −0.802% | $266K | $84K | 20x | as long as short |
| Bybit STGUSDT | +0.3811% | 8h | 0.1211 | −0.679% | $1.1M | $2.4M | 25x | as long as short |
| Kraken Futures PF_STGUSDlong | +0.7420% | 1h | 0.1220 | long leg | $9K | $8K | 10x |
KuCoin STGUSDTM
BingX STG-USDT
Variational Omni STG
Bitget STGUSDT
Gate STG_USDT
Aster STGUSDT
MEXC STG_USDT
Bybit STGUSDT