Funding you earn now, next payment 23:00 UTC−0.0480%/8h= −52.6% APRpaid last 24h +0.165%
Price spread now: Kraken Futures against Binance+0.151%54s7-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 pays, funding is against you. Kraken Futures is 0.151% dearer against Binance than usual: you sell high and buy low (spread +0.151% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 25 hours. 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 | Binance STEEMUSDT | 0.05744 | 0.0100 | pay 0.0050% / 4h | 1h 04m | $2.1M | $3.4M | 25x |
| Short | Kraken Futures PF_STEEMUSD | 0.05752 | −0.0380 | pay 0.0048% / 1h | 4m 21s | $8K | $5K | 10x |
Binance STEEMUSDT
Kraken Futures PF_STEEMUSDFunding 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
- −$100.86
- Price spread: +0.151% → 0.000%
- $15.07
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$105.79
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 2 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, 2 min ago | 0.87 bp | 25.3 bp −$25 | 106.5 bp −$1,065 | 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.
STEEM 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_STEEMUSDshort | −0.0380% | 1h | 0.05752 | +0.151% | $8K | $5K | 10x | |
| BingX STEEM-USDT | +0.0070% | 4h | 0.05735 | −0.150% | — | $1.6M | — | as long as short |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05745 | +0.017% | $16K | $10K | 5x | as long as short |
| Binance STEEMUSDTlong | +0.0100% | 4h | 0.05744 | long leg | $2.1M | $3.4M | 25x | |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05742 | −0.028% | $424K | $114K | 20x | as long as short |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05736 | −0.132% | $417K | $92K | 30x | as long as short |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05744 | +0.007% | $451K | $239K | 25x | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05733 | −0.185% | $40K | $32K | 20x | as long as short |
| Variational Omni STEEM | +0.0832% | 4h | 0.05719 | −0.433% | $12K | $147 | — | as long as short |
| Gate STEEM_USDT | +0.1390% | 4h | 0.05741 | −0.045% | $287K | $121K | 20x | as long as short |
BingX STEEM-USDT
Aster STEEMUSDT
MEXC STEEM_USDT
KuCoin STEEMUSDTM
Bitget STEEMUSDT
HTX STEEM-USDT
Variational Omni STEEM
Gate STEEM_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit STEEMUSDT | +0.2078% | 4h | 0.05720 | −0.411% | $1.3M | $972K | 13x | as long as short |
Bybit STEEMUSDT