Funding you earn now, next payment 08:00 UTC+0.0175%/8h= +19.1% APRpaid last 24h −0.159%
Price spread now: Binance against Kraken Futures+0.121%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 +$5 a day on $10k at the current rate, and Binance is 0.121% dearer against Kraken Futures than usual: you sell high and buy low: +$12 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_IDUSD | 0.03829 | −0.0075 | get 0.0009% / 1h | 37m 29s | $4K | $4K | 10x |
| Short | Binance IDUSDT | 0.03833 | 0.0100 | get 0.0050% / 4h | 37m 29s | $2.4M | $4.0M | 50x |
Kraken Futures PF_IDUSD
Binance IDUSDTFunding 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
- $36.71
- Price spread: +0.121% → 0.000%
- $12.06
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $28.77
- Costs to cover
- 0.200%
- Break-even
- 1.5 days
Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 14 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, 14 min ago | 2.60 bp | 19.5 bp −$20 | 70.1 bp −$701 | 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.
ID 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_IDUSDlong | −0.0075% | 1h | 0.03829 | long leg | $4K | $4K | 10x | |
| BloFin ID-USDT | +0.0057% | 4h | 0.03830 | +0.034% | $156K | $16K | 50x | as long as short |
| Aster IDUSDT | +0.0100% | 4h | 0.03832 | +0.075% | $9K | $2K | 5x | as long as short |
| Binance IDUSDTshort | +0.0100% | 4h | 0.03833 | +0.121% | $2.4M | $4.0M | 50x | |
| Bybit IDUSDT | +0.0100% | 8h | 0.03833 | +0.113% | $1.5M | $1.1M | 25x | as long as short |
| Gate ID_USDT | +0.0100% | 4h | 0.03834 | +0.139% | $260K | $223K | 25x | as long as short |
| MEXC ID_USDT | +0.0100% | 4h | 0.03833 | +0.113% | $381K | $212K | 20x | as long as short |
| KuCoin IDUSDTM | +0.0100% | 4h | 0.03838 | +0.243% | $1.1M | $73K | 30x | as long as short |
| Variational Omni ID | +0.0100% | 8h | 0.03845 | +0.433% | $12K | $20K | — | as long as short |
| BingX ID-USDT | +0.0551% | 4h | 0.03833 | +0.113% | — | $2.3M | — | as long as short |
BloFin ID-USDT
Aster IDUSDT
Bybit IDUSDT
Gate ID_USDT
MEXC ID_USDT
KuCoin IDUSDTM
Variational Omni ID
BingX ID-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget IDUSDT | +0.0596% | 4h | 0.03842 | +0.348% | $995K | $815K | 50x | as long as short |
Bitget IDUSDT