Funding you earn now, next payment 06:00 UTC−0.0016%/8h= −1.8% APRpaid last 24h −0.155%
Price spread now: Kraken Futures against Binance−0.038%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs $0 a day on $10k at the current rate, and Kraken Futures is 0.038% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance IOTAUSDT | 0.04783 | 0.0100 | pay 0.0100% / 8h | 2h 11m | $3.4M | $5.9M | 75x |
| Short | Kraken Futures PF_IOTAUSD | 0.04781 | 0.0084 | get 0.0010% / 1h | 11m 01s | $19K | $13K | 10x |
Binance IOTAUSDT
Kraken Futures PF_IOTAUSDFunding 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
- −$3.37
- Price spread: −0.038% → 0.000%
- −$3.75
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$27.12
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 12 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, 12 min ago | 2.12 bp | 19.4 bp −$19 | 83.3 bp −$833 | 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.
IOTA on 12 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_IOTAUSDshort | +0.0084% | 1h | 0.04781 | −0.038% | $19K | $13K | 10x | |
| Hyperliquid IOTA | +0.0100% | 1h | 0.04784 | +0.036% | $898K | $331K | 3x | as long as short |
| Binance IOTAUSDTlong | +0.0100% | 8h | 0.04783 | long leg | $3.4M | $5.9M | 75x | |
| Bybit IOTAUSDT | +0.0100% | 8h | 0.04781 | −0.035% | $2.2M | $1.5M | 75x | as long as short |
| OKX IOTA-USDT-SWAP | +0.0100% | 8h | 0.04785 | +0.049% | $557K | $1.4M | 20x | as long as short |
| Gate IOTA_USDT | +0.0100% | 8h | 0.04782 | −0.014% | $825K | $260K | 75x | as long as short |
| MEXC IOTA_USDT | +0.0100% | 8h | 0.04782 | −0.014% | $577K | $175K | 125x | as long as short |
| Bitget IOTAUSDT | +0.0100% | 8h | 0.04785 | +0.049% | $1.8M | $722K | 50x | as long as short |
| BingX IOTA-USDT | +0.0100% | 8h | 0.04780 | −0.056% | — | $2.3M | — | as long as short |
| Variational Omni IOTA | +0.0100% | 8h | 0.04759 | −0.490% | $49K | $31K | — | as long as short |
Hyperliquid IOTA
Bybit IOTAUSDT
OKX IOTA-USDT-SWAP
Gate IOTA_USDT
MEXC IOTA_USDT
Bitget IOTAUSDT
BingX IOTA-USDT
Variational Omni IOTAShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin IOTA-USDT | +0.0104% | 8h | 0.04787 | +0.090% | $165K | $43K | 75x | as long as short |
| KuCoin IOTAUSDTM | +0.0998% | 8h | 0.04788 | +0.111% | $2.7M | $235K | 30x | as long as short |
BloFin IOTA-USDT
KuCoin IOTAUSDTM