Spread before costs (cost unknown: a leg has no order-book sample)−0.438%
7d average—if it closes, per $10,000$44funding while held, a day−$91.01
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SUSDT | 0.03915 | 0.0100 | pay 0.0050% / 4h | 3h 56m | $5.3M | $40.6M | 75x |
| Short | Kraken Futures PF_SUSD | 0.03897 | −0.2934 | pay 0.0367% / 1h | 56m 41s | $33K | $48K | 10x |
Binance SUSDT
Kraken Futures PF_SUSDPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$43.8
- Funding while held
- −$91.01
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$154.8
- Spread needed to break even
- 0.200%
Slippage unknown: Binance: live order book, 2 min ago; Kraken Futures: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.3034%
- Per $10,000 a day
- −$91.01
- Average in range /8h
- —
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 | 1.28 bp | 20.2 bp −$20 | 62.6 bp −$626 | 2433.4 bp −$243.3K | 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.
S price on every exchange
against the cheapest. Click to use as the short leg.01 Exchange0.03780cheapestCoinbase International0.03811+0.820%Variational Omni0.03895+3.043%Reya0.03895+3.055%BloFin0.03896+3.069%
Coinbase International
Variational Omni
Reya
BloFinKraken Futures0.03897+3.106%
ApeX Omni0.03900+3.175%Orderly0.03901+3.201%gTrade (Gains Network)0.03903+3.263%GMX0.03904+3.280%Deribit0.03905+3.307%Aster0.03906+3.339%Bybit0.03910+3.439%KuCoin0.03910+3.439%Backpack0.03910+3.439%Hyperliquid0.03912+3.489%Gate0.03912+3.492%OKX0.03914+3.545%MEXC0.03914+3.545%
ApeX Omni
Orderly
gTrade (Gains Network)
GMX
Deribit
Aster
Bybit
KuCoin
Backpack
Hyperliquid
Gate
OKX
MEXCBinance0.03915+3.559%
BingX0.03915+3.571%Extended0.03915+3.576%Lighter0.03917+3.624%Bitget0.03918+3.651%Injective0.04100+8.466%
BingX
Extended
Lighter
Bitget
InjectiveS on 25 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange SUSD | −3.437% | −1.0512% | 1h | $23K | $3K | 5x | as long as short |
| Coinbase International S-PERP-INTX | −2.645% | −0.2448% | 1h | $47K | $11K | 25x | as long as short |
| Variational Omni S | −0.499% | −0.0941% | 4h | $605K | $122K | — | as long as short |
| Reya SRUSDPERP | −0.487% | −0.0101% | 1h | $4 | — | 15x | as long as short |
| BloFin S-USDT | −0.473% | +0.0340% | 4h | $280K | $264K | 75x | as long as short |
| Kraken Futures PF_SUSDshort | −0.438% | −0.2934% | 1h | $33K | $48K | 10x | |
| ApeX Omni SUSDT | −0.371% | +0.0100% | 1h | $24K | $503K | 50x | as long as short |
| Orderly PERP_S_USDC | −0.346% | −0.0167% | 4h | $103K | $331K | 10x | as long as short |
| gTrade (Gains Network) S/USD | −0.285% | L +0.0001% / S +0.0006% | 1h | $602 | — | 150x | as long as short |
| GMX S/USD [WBTC.b-USDC] | −0.269% | L −0.0374% / S +0.0346% | 1h | $1K | — | 100x | as long as short |
Show all 25 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit S_USDC-PERPETUAL | −0.244% | +0.0006% | 1h | $66K | $11K | 10x | as long as short |
| Aster SUSDT | −0.212% | −0.0112% | 4h | $45K | $266K | 10x | as long as short |
| Bybit SUSDT | −0.116% | +0.0100% | 4h | $5.6M | $9.5M | 50x | as long as short |
| KuCoin SUSDTM | −0.116% | +0.0100% | 4h | $1.8M | $3.9M | 50x | as long as short |
| Backpack S_USDC_PERP | −0.116% | +0.0893% | 1h | $114K | $219K | 5x | as long as short |
| Hyperliquid S | −0.067% | +0.0100% | 1h | $1.0M | $1.5M | 5x | as long as short |
| Gate S_USDT | −0.065% | +0.0100% | 4h | $326K | $371K | 50x | as long as short |
| OKX S-USDT-SWAP | −0.014% | +0.0100% | 4h | $995K | $12.5M | 20x | as long as short |
| MEXC S_USDT | −0.014% | +0.0100% | 4h | $3.5M | $3.5M | 200x | as long as short |
| Binance SUSDTlong | 0.000% | +0.0100% | 4h | $5.3M | $40.6M | 75x | |
| BingX S-USDT | +0.012% | +0.0100% | 4h | — | $7.0M | — | as long as short |
| Extended S-USD | +0.016% | +0.0104% | 1h | $220K | $946K | 10x | as long as short |
| Lighter S | +0.063% | +0.0096% | 1h | $164K | $324K | 5x | as long as short |
| Bitget SUSDT | +0.089% | +0.0100% | 4h | $1.2M | $4.7M | 50x | as long as short |
| Injective S/USDC PERP | +4.738% | +0.0033% | 1h | $2K | $120K | 12x | as long as short |