Funding you earn now, next payment 06:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h −0.004%
Price spread now: Kraken Futures against Binance+0.018%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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance USDCUSDT | 0.9996 | −0.0123 | get 0.0123% / 8h | 2h 22m | $4.8M | $4.3M | 50x |
| Short | Kraken Futures PF_USDCUSD | 0.9997 | −0.0068 | pay 0.0009% / 1h | 22m 37s | $14K | $924 | 50x |
Binance USDCUSDT
Kraken Futures PF_USDCUSDFunding 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
- $11.4
- Price spread: +0.018% → 0.000%
- $1.75
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$6.85
- Costs to cover
- 0.200%
- Break-even
- 11.2 days
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 | 0.00 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.7 bp −$573 | 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.
USDC 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USDCUSDTM | −0.0154% | 8h | 0.9994 | −0.017% | $2.5M | $20K | 30x | as long as short |
| Binance USDCUSDTlong | −0.0123% | 8h | 0.9996 | long leg | $4.8M | $4.3M | 50x | |
| MEXC USDC_USDT | −0.0122% | 8h | 0.9996 | +0.001% | $20.8M | $751K | 200x | as long as short |
| Bitget USDCUSDT | −0.0104% | 8h | 0.9995 | −0.007% | $4.3M | $8K | 50x | as long as short |
| Kraken Futures PF_USDCUSDshort | −0.0068% | 1h | 0.9997 | +0.018% | $14K | $924 | 50x | |
| Bybit USDCUSDT | 0.0000% | 8h | 1.0001 | +0.053% | $9.5M | $280K | 50x | as long as short |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0000 | +0.042% | $1.1M | $41K | 50x | as long as short |
| Gate USDC_USDT | +0.0082% | 8h | 0.9996 | +0.003% | $253K | $39K | 50x | as long as short |
KuCoin USDCUSDTM
MEXC USDC_USDT
Bitget USDCUSDT
Bybit USDCUSDT
OKX USDC-USDT-SWAP
Gate USDC_USDT