Funding you earn now, next payment 12:00 UTC+0.0334%/8h= +36.6% APRpaid last 24h −0.114%
Price spread now: Binance against Kraken Futures+0.071%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 +$10 a day on $10k at the current rate, and Binance is 0.071% 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_TNSRUSD | 0.03744 | −0.0234 | get 0.0029% / 1h | 8m 41s | $16K | $21K | 10x |
| Short | Binance TNSRUSDT | 0.03747 | 0.0100 | get 0.0050% / 4h | 8m 41s | $2.2M | $3.7M | 25x |
Kraken Futures PF_TNSRUSD
Binance TNSRUSDTFunding 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
- $70.19
- Price spread: +0.071% → 0.000%
- $7.15
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $57.34
- Costs to cover
- 0.200%
- Break-even
- 1.3 days
Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 6 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, 6 min ago | 1.34 bp | 30.6 bp −$31 | 233.1 bp −$2,331 | 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.
TNSR on 11 exchanges
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_TNSRUSDlong | −0.0234% | 1h | 0.03744 | long leg | $16K | $21K | 10x | |
| Hyperliquid TNSR | +0.0100% | 1h | 0.03751 | +0.178% | $65K | $53K | 3x | as long as short |
| Aster TNSRUSDT | +0.0100% | 4h | 0.03744 | −0.018% | $17K | $35K | 5x | as long as short |
| Binance TNSRUSDTshort | +0.0100% | 4h | 0.03747 | +0.071% | $2.2M | $3.7M | 25x | |
| Bybit TNSRUSDT | +0.0100% | 4h | 0.03740 | −0.115% | $1.1M | $586K | 25x | as long as short |
| Gate TNSR_USDT | +0.0100% | 4h | 0.03750 | +0.152% | $147K | $101K | 20x | as long as short |
| MEXC TNSR_USDT | +0.0100% | 4h | 0.03747 | +0.071% | $334K | $178K | 50x | as long as short |
| KuCoin TNSRUSDTM | +0.0100% | 4h | 0.03749 | +0.125% | $1.1M | $2.1M | 30x | as long as short |
| Bitget TNSRUSDT | +0.0100% | 4h | 0.03748 | +0.098% | $1.7M | $398K | 25x | as long as short |
| BingX TNSR-USDT | +0.0100% | 4h | 0.03744 | −0.009% | — | $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 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni TNSR | +0.0100% | 4h | 0.03739 | −0.130% | $2K | $6K | — | as long as short |
Variational Omni TNSR