Funding spread now, next payment 16:00 UTC+2.5928%/8h
paid, last 24h+0.142%paid, last 4 days−0.950%to open and closeno order book
The current rate is far above what this pair has been paying: over the last 4 days it paid -0.950% in total (about -96.1% 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 INITUSDT | 0.08187 | 0.0100 | pay 0.0050% / 4h | 20m 33s | $3.4M | $3.8M | 25x |
| Short | Kraken Futures PF_INITUSD | 0.08183 | 2.6028 | get 0.3253% / 1h | 20m 33s | $6K | $20K | 10x |
Binance INITUSDT
Kraken Futures PF_INITUSDFunding history
latest
Range statsloading…
Funding on every exchange
click an exchange to add or hide itlatest
Profit calculator
- Funding earned
- $5,444.81
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $5,424.81
- Break-even
- 0.0 days
Slippage unknown: Binance: live order book, 3 min ago; Kraken Futures: no order-book sample. Net counts fees only.
Price risk
price view- Price gap now
- −0.050%
- Avg gap 7d
- —
A gap far from its average can cost days of funding.
Backtest
opened in the past, held until now, after costsCost 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, 3 min ago | 2.44 bp | 27.7 bp −$28 | 96.9 bp −$969 | 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.
INIT on 13 venues
lowest funding first. Swap a leg.| Exchange | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|
| BloFin INIT-USDT | +0.0072% | 4h | $168K | $108K | 25x | as long as short |
| Hyperliquid INIT | +0.0100% | 1h | $304K | $240K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | $27K | $36K | 5x | as long as short |
| Binance INITUSDTlong | +0.0100% | 4h | $3.4M | $3.8M | 25x | |
| Bybit INITUSDT | +0.0100% | 4h | $1.4M | $1.4M | 25x | as long as short |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | $135K | $654K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | $83K | $57K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | $496K | $201K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | $331K | $58K | 25x | as long as short |
| Bitget INITUSDT | +0.0100% | 4h | $459K | $269K | 25x | as long as short |
BloFin INIT-USDT
Hyperliquid INIT
Aster INITUSDT
Bybit INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTM
Bitget INITUSDTShow all 13 venues
| Exchange | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|
| BingX INIT-USDT | +0.0100% | 4h | — | $6.6M | — | as long as short |
| Variational Omni INIT | +0.0100% | 4h | $26K | $22K | — | as long as short |
| Kraken Futures PF_INITUSDshort | +2.6028% | 1h | $6K | $20K | 10x |
BingX INIT-USDT
Variational Omni INIT