Funding you earn now, next payment 08:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h +0.006%
Price spread now: Binance against Kraken Futures−0.016%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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_USDCUSD | 0.9997 | −0.0064 | get 0.0008% / 1h | 15m 33s | $14K | $924 | 50x |
| Short | Binance USDCUSDT | 0.9996 | −0.0099 | pay 0.0099% / 8h | 15m 33s | $4.8M | $4.4M | 50x |
Kraken Futures PF_USDCUSD
Binance USDCUSDTFunding 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
- −$7.49
- Price spread: −0.016% → 0.000%
- −$1.58
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$29.07
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 7 min ago. 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 7 min ago | 0.00 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.3 bp −$526 | doesn't fit |
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.
USDC on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USDCUSDTM | −0.0160% | 8h | 0.9994 | −0.035% | $2.5M | $20K | 30x | as long as short |
| Binance USDCUSDTshort | −0.0099% | 8h | 0.9996 | −0.016% | $4.8M | $4.4M | 50x | |
| MEXC USDC_USDT | −0.0099% | 8h | 0.9996 | −0.016% | $20.8M | $750K | 200x | as long as short |
| Bitget USDCUSDT | −0.0083% | 8h | 0.9994 | −0.035% | $4.3M | $8K | 50x | as long as short |
| Kraken Futures PF_USDCUSDlong | −0.0064% | 1h | 0.9997 | long leg | $14K | $924 | 50x | |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0001 | +0.031% | $1.1M | $39K | 50x | as long as short |
| Gate USDC_USDT | +0.0086% | 8h | 0.9996 | −0.015% | $253K | $36K | 50x | as long as short |
| Bybit USDCUSDT | +0.0100% | 8h | 1.0000 | +0.025% | $9.5M | $279K | 50x | as long as short |
KuCoin USDCUSDTM
MEXC USDC_USDT
Bitget USDCUSDT
OKX USDC-USDT-SWAP
Gate USDC_USDT
Bybit USDCUSDT