Funding you earn now, next payment 06:00 UTC−0.0350%/8h= −38.4% APRpaid last 24h −0.002%
Price spread now: Kraken Futures against Binance−0.033%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 −$11 a day on $10k at the current rate, and Kraken Futures is 0.033% cheaper against Binance 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 | Binance TNSRUSDT | 0.03809 | 0.0100 | pay 0.0050% / 4h | 2h 51m | $2.3M | $3.6M | 25x |
| Short | Kraken Futures PF_TNSRUSD | 0.03808 | −0.0250 | pay 0.0031% / 1h | 51m 55s | $18K | $16K | 10x |
Binance TNSRUSDT
Kraken Futures PF_TNSRUSDFunding 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
- −$73.6
- Price spread: −0.033% → 0.000%
- −$3.26
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$96.86
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 14 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, 14 min ago | 1.31 bp | 26.6 bp −$27 | 306.8 bp −$3,068 | 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.
TNSR on 11 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_TNSRUSDshort | −0.0250% | 1h | 0.03808 | −0.033% | $18K | $16K | 10x | |
| Hyperliquid TNSR | +0.0100% | 1h | 0.03811 | +0.053% | $69K | $58K | 3x | as long as short |
| Aster TNSRUSDT | +0.0100% | 4h | 0.03812 | +0.075% | $19K | $33K | 5x | as long as short |
| Binance TNSRUSDTlong | +0.0100% | 4h | 0.03809 | long leg | $2.3M | $3.6M | 25x | |
| Bybit TNSRUSDT | +0.0100% | 4h | 0.03807 | −0.053% | $1.1M | $510K | 25x | as long as short |
| Gate TNSR_USDT | +0.0100% | 4h | 0.03810 | +0.026% | $146K | $110K | 20x | as long as short |
| MEXC TNSR_USDT | +0.0100% | 4h | 0.03810 | +0.026% | $367K | $192K | 50x | as long as short |
| KuCoin TNSRUSDTM | +0.0100% | 4h | 0.03810 | +0.026% | $1.2M | $2.2M | 30x | as long as short |
| Bitget TNSRUSDT | +0.0100% | 4h | 0.03808 | −0.026% | $1.8M | $365K | 25x | as long as short |
| BingX TNSR-USDT | +0.0100% | 4h | 0.03806 | −0.079% | — | $6.5M | — | as long as short |
Hyperliquid TNSR
Aster TNSRUSDT
Bybit TNSRUSDT
Gate TNSR_USDT
MEXC TNSR_USDT
KuCoin TNSRUSDTM
Bitget TNSRUSDT
BingX TNSR-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni TNSR | +0.0100% | 4h | 0.03815 | +0.166% | $6K | $4K | — | as long as short |
Variational Omni TNSR