Funding you earn now, next payment 00:00 UTC+0.3710%/8h= +406.2% APRpaid last 24h +0.646%
Price spread now: Binance against Kraken Futures+0.074%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 +$111 a day on $10k at the current rate, and Binance is 0.074% dearer against Kraken Futures than usual: you sell high and buy low: +$7 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 | Kraken Futures PF_TUSD | 0.005192 | −0.4368 | get 0.0546% / 1h | 53m 20s | $2K | $2K | 10x |
| Short | Binance TUSDT | 0.005196 | −0.0659 | pay 0.0329% / 4h | 53m 20s | $3.3M | $10.1M | 50x |
Kraken Futures PF_TUSD
Binance TUSDTFunding 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
- $779.06
- Price spread: +0.074% → 0.000%
- $7.35
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $766.41
- Costs to cover
- 0.200%
- Break-even
- 0.1 days
Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 1 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, 1 min ago | 0.96 bp | 12.5 bp −$12 | 36.0 bp −$360 | 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.
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_TUSDlong | −0.4368% | 1h | 0.005192 | long leg | $2K | $2K | 10x | |
| Variational Omni T | −0.0911% | 4h | 0.005193 | +0.021% | $7K | $13K | — | as long as short |
| KuCoin TUSDTM | −0.0906% | 4h | 0.005195 | +0.054% | $1.4M | $109K | 12x | as long as short |
| Gate T_USDT | −0.0864% | 4h | 0.005199 | +0.131% | $215K | $117K | 20x | as long as short |
| Bybit TUSDT | −0.0847% | 4h | 0.005194 | +0.035% | $1.6M | $2.2M | 25x | as long as short |
| Bitget TUSDT | −0.0730% | 4h | 0.005191 | −0.023% | $890K | $795K | 50x | as long as short |
| MEXC T_USDT | −0.0660% | 4h | 0.005194 | +0.035% | $3.2M | $259K | 20x | as long as short |
| Binance TUSDTshort | −0.0659% | 4h | 0.005196 | +0.074% | $3.3M | $10.1M | 50x |
Variational Omni T
KuCoin TUSDTM
Gate T_USDT
Bybit TUSDT
Bitget TUSDT
MEXC T_USDT