Funding you earn now, next payment 05:00 UTC−0.2918%/8h= −319.6% APRpaid last 24h −0.711%
Price spread now: Kraken Futures against Binance−0.133%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 −$88 a day on $10k at the current rate, and Kraken Futures is 0.133% cheaper against Binance than usual: you would sell low and buy high (−$13 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 TUSDT | 0.005180 | 0.0100 | pay 0.0050% / 4h | 3h 58m | $3.3M | $7.3M | 50x |
| Short | Kraken Futures PF_TUSD | 0.005173 | −0.2818 | pay 0.0352% / 1h | 58m 35s | $2K | $2K | 10x |
Binance TUSDT
Kraken Futures PF_TUSDFunding 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
- −$612.86
- Price spread: −0.133% → 0.000%
- −$13.31
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$646.17
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 10 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, 10 min ago | 1.93 bp | 15.8 bp −$16 | 38.0 bp −$380 | 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.
T on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TUSDshort | −0.2818% | 1h | 0.005173 | −0.133% | $2K | $2K | 10x | |
| Variational Omni T | −0.0224% | 4h | 0.005173 | −0.130% | $7K | $6K | — | as long as short |
| Bitget TUSDT | −0.0032% | 4h | 0.005171 | −0.170% | $878K | $505K | 50x | as long as short |
| KuCoin TUSDTM | +0.0090% | 4h | 0.005179 | −0.016% | $1.3M | $84K | 12x | as long as short |
| Binance TUSDTlong | +0.0100% | 4h | 0.005180 | long leg | $3.3M | $7.3M | 50x | |
| Bybit TUSDT | +0.0100% | 4h | 0.005181 | +0.023% | $1.6M | $1.5M | 25x | as long as short |
| Gate T_USDT | +0.0100% | 4h | 0.005176 | −0.074% | $213K | $80K | 20x | as long as short |
| MEXC T_USDT | +0.0100% | 4h | 0.005179 | −0.016% | $3.1M | $221K | 20x | as long as short |
Variational Omni T
Bitget TUSDT
KuCoin TUSDTM
Bybit TUSDT
Gate T_USDT
MEXC T_USDT