Funding you earn now, next payment 03:00 UTC+0.0626%/8h= +68.6% APRpaid last 24h +0.074%
Price spread now: Binance against Kraken Futures−0.093%7-day average −0.131% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$1051.051% of the position
Funding, last 7 days+0.301%+$30 on $10k
+Price spread, last 4 days (all we have)+0.088%+$9 · spread now −0.093%, 7d avg −0.131%
=Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Binance is 0.038% dearer against Kraken Futures than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.131%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.301% in total (about 15.7% 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_COMPUSD | 22.891 | −0.0547 | get 0.0068% / 1h | 33m 40s | $230K | $88K | 20x |
| Short | Binance COMPUSDT | 22.870 | 0.0079 | get 0.0079% / 8h | 5h 33m | $4.3M | $6.7M | 75x |
Kraken Futures PF_COMPUSD
Binance COMPUSDTFunding 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
- $131.53
- Price spread: −0.093% → −0.131%
- $3.82
- Slippage, 4 orders
- −$85.09
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $30.26
- Costs to cover
- 1.051%
- Break-even
- 5.4 days
Slippage from Kraken Futures: live order book, 29 min ago; Binance: live order book, 5 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, 29 min ago | 9.68 bp | 37.6 bp −$38 | 281.5 bp −$2,815 | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 2.19 bp | 16.2 bp −$16 | 54.6 bp −$546 | doesn't fit | doesn't fit |
COMP on 16 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_COMPUSDlong | −0.0547% | 1h | 22.891 | long leg | $230K | $88K | 20x | |
| Deribit COMP_USDC-PERPETUAL | −0.0187% | 1h | 22.850 | −0.180% | $334 | $327 | 50x | as long as short |
| dYdX COMP-USD | −0.0118% | 1h | 22.870 | −0.093% | $69K | — | 5x | as long as short |
| BloFin COMP-USDT | +0.0061% | 8h | 22.930 | +0.170% | $240K | $168K | 20x | as long as short |
| Binance COMPUSDTshort | +0.0079% | 8h | 22.870 | −0.093% | $4.3M | $6.7M | 75x | |
| MEXC COMP_USDT | +0.0080% | 8h | 22.870 | −0.093% | $2.6M | $811K | 20x | as long as short |
| Hyperliquid COMP | +0.0100% | 1h | 22.854 | −0.162% | $878K | $360K | 5x | as long as short |
| Bybit COMPUSDT | +0.0100% | 8h | 22.880 | −0.049% | $3.9M | $2.0M | 75x | as long as short |
| OKX COMP-USDT-SWAP | +0.0100% | 8h | 22.910 | +0.082% | $1.6M | $2.1M | 20x | as long as short |
| Gate COMP_USDT | +0.0100% | 8h | 22.850 | −0.180% | $226K | $57K | 25x | as long as short |
Deribit COMP_USDC-PERPETUAL
dYdX COMP-USD
BloFin COMP-USDT
MEXC COMP_USDT
Hyperliquid COMP
Bybit COMPUSDT
OKX COMP-USDT-SWAP
Gate COMP_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin COMPUSDTM | +0.0100% | 8h | 22.870 | −0.093% | $460K | $89K | 30x | as long as short |
| Bitget COMPUSDT | +0.0100% | 8h | 22.850 | −0.180% | $1.9M | $617K | 75x | as long as short |
| BingX COMP-USDT | +0.0100% | 8h | 22.860 | −0.136% | — | $34.7M | — | as long as short |
| Variational Omni COMP | +0.0100% | 8h | 22.921 | +0.128% | $15K | $29K | — | as long as short |
| Injective COMP/USDC PERP | +0.0488% | 1h | 22.820 | −0.311% | $1K | $13K | 12x | as long as short |
| Coinbase International COMP-PERP-INTX | +0.0584% | 1h | 22.920 | +0.126% | $18K | $45K | 25x | as long as short |
KuCoin COMPUSDTM
Bitget COMPUSDT
BingX COMP-USDT
Variational Omni COMP
Injective COMP/USDC PERP
Coinbase International COMP-PERP-INTX