T

Alert

Funding spread now, next payment 18:00 UTC−0.3288%/8h

paid, last 24h−0.517%paid, last 4 days−0.287%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 -0.287% in total (about -28.5% 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 TUSDT	0.005126	−0.0716	get 0.0358% / 4h	2h 57m	$3.2M	$11.0M	50x
Short	Kraken Futures PF_TUSD	0.005121	−0.4004	pay 0.0500% / 1h	57m 24s	$2K	$2K	10x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee Kraken FuturesbpOrdersRate

Funding earned: −$690.38
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$710.38
Break-even: never at this rate

Slippage unknown: Binance: live order book, 14 min ago; Kraken Futures: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.107%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 14 min ago	0.98 bp	16.8 bp −$17	43.2 bp −$432	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.

T on 8 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_TUSDshort	−0.4004%	1h	$2K	$2K	10x
Gate T_USDT	−0.1784%	4h	$211K	$122K	20x	as long as short
Variational Omni T	−0.1099%	4h	$7K	$13K	—	as long as short
KuCoin TUSDTM	−0.0818%	4h	$1.3M	$105K	12x	as long as short
Bybit TUSDT	−0.0735%	4h	$1.6M	$2.4M	25x	as long as short
MEXC T_USDT	−0.0720%	4h	$3.1M	$303K	20x	as long as short
Binance TUSDTlong	−0.0716%	4h	$3.2M	$11.0M	50x
Bitget TUSDT	−0.0630%	4h	$898K	$808K	50x	as long as short