USUAL

Alert

Funding spread now, next payment 19:00 UTC+0.1269%/8h

paid, last 24h+0.143%paid, last 4 days−0.418%to open and close $10k−$133

The current rate is far above what this pair has been paying: over the last 4 days it paid -0.418% in total (about -40.8% 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	Kraken Futures PF_USUALUSD	0.01351	−0.1169	get 0.0146% / 1h	13m 16s	$110K	$26K	10x
Short	Binance USUALUSDT	0.01352	0.0100	get 0.0050% / 4h	1h 13m	$2.1M	$3.6M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee BinancebpOrdersRate

Funding earned: $266.43
Slippage, 4 orders: −$112.89
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $133.54
Break-even: 3.5 days

Slippage from Kraken Futures: live order book, 11 min ago; Binance: live order book, 10 min ago.

Price risk

price view

Price gap now: +0.097%
Avg gap 7d: −0.026%

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 Kraken Futures live order book, 11 min ago	21.53 bp	45.5 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	4.82 bp	31.5 bp −$31	150.3 bp −$1,503	doesn't fit	doesn't fit

USUAL on 11 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective USUAL/USDC PERP	−0.4967%	1h	$6K	$39K	5.5x	as long as short
Kraken Futures PF_USUALUSDlong	−0.1169%	1h	$110K	$26K	10x
Hyperliquid USUAL	+0.0100%	1h	$394K	$234K	3x	as long as short
Binance USUALUSDTshort	+0.0100%	4h	$2.1M	$3.6M	50x
Bybit USUALUSDT	+0.0100%	4h	$994K	$973K	25x	as long as short
Gate USUAL_USDT	+0.0100%	8h	$905K	$262K	50x	as long as short
MEXC USUAL_USDT	+0.0100%	4h	$5.9M	$301K	100x	as long as short
KuCoin USUALUSDTM	+0.0100%	4h	$285K	$67K	20x	as long as short
Bitget USUALUSDT	+0.0100%	4h	$823K	$539K	50x	as long as short
BingX USUAL-USDT	+0.0100%	4h	—	$1.2M	—	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni USUAL	+0.0100%	4h	$9K	$21	—	as long as short