Funding you earn now, next payment 09:00 UTC+0.4368%/8h= +478.3% APRpaid last 24h +0.389%
Price spread now: Kraken Futures against Binance+0.089%7-day average +0.111% · you sell dearer than you buy
Net, funding: paid 7d − costs−$5,520as in the Funding arb table
Net, price: spread back to 7d avg − costs−$5,553as in the Price arb table
costs, in and out, $10k−$5,55155.511% of the position
Funding, last 7 days+0.310%+$31 on $10k
+Price spread, last 4 days (all we have)−0.344%−$34 · spread now +0.089%, 7d avg +0.111%
=Funding pays, the price is against you. Kraken Futures is 0.023% cheaper against Binance than usual: you would sell low and buy high (spread +0.089% now, against its 7-day average of +0.111%). If the spread goes back, that is −$2 on $10k: about under an hour of funding at the current rate (+$131 a day). At the pace of the last 7 days (+0.310% in total) that is about 12 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.310% in total (about 16.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TRBUSDT | 19.204 | 0.0100 | pay 0.0050% / 4h | 3h 14m | $5.0M | $11.8M | 50x |
| Short | Kraken Futures PF_TRBUSD | 19.221 | 0.4468 | get 0.0558% / 1h | 14m 01s | $108K | $56K | 10x |
Binance TRBUSDT
Kraken Futures PF_TRBUSDFunding 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
- $917.22
- Price spread: +0.089% → +0.111%
- −$2.27
- Slippage, 4 orders
- −$5,531.14
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$4,636.18
- Costs to cover
- 55.511%
- Break-even
- 42.4 days
Slippage from Binance: live order book, 11 min ago; Kraken Futures: live order book, 18 min ago.
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, 11 min ago | 2.11 bp | 14.8 bp −$15 | 49.0 bp −$490 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 18 min ago | 34.26 bp | 81.4 bp −$81 | doesn't fit | doesn't fit | doesn't fit |
TRB on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRB | +0.0100% | 1h | 19.219 | +0.078% | $477K | $273K | 3x | as long as short |
| Aster TRBUSDT | +0.0100% | 4h | 19.201 | −0.014% | $2K | $29K | 5x | as long as short |
| Binance TRBUSDTlong | +0.0100% | 4h | 19.204 | long leg | $5.0M | $11.8M | 50x | |
| Bybit TRBUSDT | +0.0100% | 4h | 19.238 | +0.177% | $6.3M | $2.2M | 50x | as long as short |
| OKX TRB-USDT-SWAP | +0.0100% | 4h | 19.230 | +0.135% | $4.4M | $5.3M | 20x | as long as short |
| MEXC TRB_USDT | +0.0100% | 4h | 19.211 | +0.036% | $15.9M | $1.2M | 125x | as long as short |
| KuCoin TRBUSDTM | +0.0100% | 4h | 19.239 | +0.182% | $1.2M | $325K | 50x | as long as short |
| Bitget TRBUSDT | +0.0100% | 4h | 19.225 | +0.109% | $1.3M | $1.6M | 50x | as long as short |
| BingX TRB-USDT | +0.0100% | 4h | 19.227 | +0.120% | — | $5.0M | — | as long as short |
| BloFin TRB-USDT | +0.0141% | 4h | 19.194 | −0.052% | $351K | $167K | 50x | as long as short |
Hyperliquid TRB
Aster TRBUSDT
Bybit TRBUSDT
OKX TRB-USDT-SWAP
MEXC TRB_USDT
KuCoin TRBUSDTM
Bitget TRBUSDT
BingX TRB-USDT
BloFin TRB-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni TRB | +0.0149% | 4h | 19.239 | +0.181% | $15K | $16K | — | as long as short |
| Gate TRB_USDT | +0.0602% | 4h | 19.240 | +0.187% | $561K | $2.1M | 50x | as long as short |
| Kraken Futures PF_TRBUSDshort | +0.4468% | 1h | 19.221 | +0.089% | $108K | $56K | 10x |
Variational Omni TRB
Gate TRB_USDT