Funding you earn now, next payment 07:00 UTC−0.0451%/8h= −49.4% APRpaid last 24h −0.293%
Price spread now: Kraken Futures against Binance+0.029%54s7-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
The price spread pays, funding is against you. Kraken Futures is 0.029% dearer against Binance than usual: you sell high and buy low (spread +0.029% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 5 hours. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TLMUSDT | 0.001488 | 0.0100 | pay 0.0050% / 4h | 1h 34m | $1.5M | $2.3M | 20x |
| Short | Kraken Futures PF_TLMUSD | 0.001489 | −0.0351 | pay 0.0044% / 1h | 34m 26s | $22K | $4K | 10x |
Binance TLMUSDT
Kraken Futures PF_TLMUSDFunding 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
- −$94.68
- Price spread: +0.029% → 0.000%
- $2.94
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$111.74
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 15 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, 15 min ago | 3.35 bp | 22.3 bp −$22 | 164.1 bp −$1,641 | 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.
TLM 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TLMUSDshort | −0.0351% | 1h | 0.001489 | +0.029% | $22K | $4K | 10x | |
| Aster TLMUSDT | +0.0100% | 4h | 0.001488 | −0.018% | $7K | $4K | 5x | as long as short |
| Binance TLMUSDTlong | +0.0100% | 4h | 0.001488 | long leg | $1.5M | $2.3M | 20x | |
| Bybit TLMUSDT | +0.0100% | 8h | 0.001489 | +0.054% | $383K | $320K | 20x | as long as short |
| Gate TLM_USDT | +0.0100% | 8h | 0.001489 | +0.034% | $91K | $491K | 25x | as long as short |
| MEXC TLM_USDT | +0.0100% | 4h | 0.001487 | −0.100% | $1.1M | $416K | 20x | as long as short |
| Bitget TLMUSDT | +0.0100% | 4h | 0.001487 | −0.100% | $598K | $165K | 10x | as long as short |
| BingX TLM-USDT | +0.0100% | 4h | 0.001488 | −0.033% | — | $1.3M | — | as long as short |
| Variational Omni TLM | +0.0100% | 8h | 0.001490 | +0.087% | $9K | $1K | — | as long as short |
| edgeX TLMUSDC | +0.0100% | 4h | 0.001490 | +0.126% | $539 | $210K | 5x | as long as short |
Aster TLMUSDT
Bybit TLMUSDT
Gate TLM_USDT
MEXC TLM_USDT
Bitget TLMUSDT
BingX TLM-USDT
Variational Omni TLM
edgeX TLMUSDC