Funding you earn now, next payment 06:00 UTC−0.0310%/8h= −33.9% APRpaid last 24h +0.088%
Price spread now: Binance against Kraken Futures−0.232%54s7-day average +0.179% · you buy dearer than you sell
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1531.530% of the position
Funding, last 7 days+0.502%+$50 on $10k
+Price spread, last 4 days (all we have)+1.272%+$127 · spread now −0.232%, 7d avg +0.179%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Binance is 0.411% cheaper against Kraken Futures than usual: you would sell low and buy high (−$41 if the spread goes back to its 7-day average of +0.179%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.502%, so the current rate has only just turned against you. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_POPCATUSD | 0.05629 | 0.0410 | pay 0.0051% / 1h | 47m 18s | $150K | $146K | 20x |
| Short | Binance POPCATUSDT | 0.05616 | 0.0100 | get 0.0050% / 4h | 2h 47m | $2.5M | $7.3M | 50x |
Kraken Futures PF_POPCATUSD
Binance POPCATUSDTFunding 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
- −$65.09
- Price spread: −0.232% → +0.179%
- −$41.13
- Slippage, 4 orders
- −$133.01
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$259.23
- Costs to cover
- 1.530%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 65 min ago; Binance: live order book, 7 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 Kraken Futures live order book, 65 min ago | 26.50 bp | 51.2 bp −$51 | 18462.9 bp −$184.6K | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 1.78 bp | 24.4 bp −$24 | 77.8 bp −$778 | doesn't fit | doesn't fit |
POPCAT on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective POPCAT/USDC PERP | −0.4088% | 1h | 0.05563 | −1.174% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05608 | −0.373% | $1 | — | 10x | as long as short |
| Variational Omni POPCAT | −0.0094% | 4h | 0.05622 | −0.126% | $506K | $148K | — | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05619 | −0.179% | $101K | $56K | 10x | as long as short |
| Binance POPCATUSDTshort | +0.0100% | 4h | 0.05616 | −0.232% | $2.5M | $7.3M | 50x | |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05601 | −0.499% | $8.8M | $6.7M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05609 | −0.357% | $687K | $1.6M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05620 | −0.161% | $445K | $635K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05613 | −0.286% | $1.8M | $995K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05619 | −0.179% | $1.1M | $987K | 50x | as long as short |
Injective POPCAT/USDC PERP
Reya POPCATRUSDPERP
Variational Omni POPCAT
Lighter POPCAT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDT
KuCoin POPCATUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05611 | −0.321% | $1.2M | $950K | 50x | as long as short |
| BingX POPCAT-USDC | +0.0100% | 4h | 0.05606 | −0.410% | — | $1.6M | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05644 | +0.259% | $251K | $502K | 10x | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05640 | +0.194% | $22K | $654K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05608 | −0.366% | $97K | $405K | 10x | as long as short |
| Hyperliquid POPCAT | +0.0302% | 1h | 0.05614 | −0.268% | $2.6M | $1.1M | 3x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05628 | −0.019% | $129K | $328K | 50x | as long as short |
| Kraken Futures PF_POPCATUSDlong | +0.0410% | 1h | 0.05629 | long leg | $150K | $146K | 20x |
Bitget POPCATUSDT
BingX POPCAT-USDC
GRVT POPCAT_USDT_Perp
ApeX Omni POPCATUSDT
Extended POPCAT-USD
Hyperliquid POPCAT
BloFin POPCAT-USDT