Funding you earn now, next payment 04:00 UTC−0.0245%/8h= −26.8% APRpaid last 24h −0.046%
Price spread now: Kraken Futures against Binance−0.305%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
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Kraken Futures is 0.305% cheaper against Binance than usual: you would sell low and buy high (−$30 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SOONUSDT | 0.1947 | 0.0749 | pay 0.0374% / 4h | 15m 00s | $8.0M | $2.0M | 50x |
| Short | Kraken Futures PF_SOONUSD | 0.1942 | 0.0504 | get 0.0063% / 1h | 15m 00s | $11K | $2K | 10x |
Binance SOONUSDT
Kraken Futures PF_SOONUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- −$51.35
- Price spread: −0.305% → 0.000%
- −$30.46
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$101.8
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 9 min ago; Kraken Futures: no order-book sample. 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 Binance live order book, 9 min ago | 2.57 bp | 33.5 bp −$33 | 252.9 bp −$2,529 | 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.
SOON on 11 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 SOONUSDTM | +0.0100% | 4h | 0.1948 | +0.029% | $1.8M | $3.3M | 50x | as long as short |
| Kraken Futures PF_SOONUSDshort | +0.0504% | 1h | 0.1942 | −0.305% | $11K | $2K | 10x | |
| OKX SOON-USDT-SWAP | +0.0731% | 4h | 0.1950 | +0.132% | $1.9M | $486K | 20x | as long as short |
| Binance SOONUSDTlong | +0.0749% | 4h | 0.1947 | long leg | $8.0M | $2.0M | 50x | |
| Extended SOON-USD | +0.0752% | 1h | 0.1947 | −0.019% | $6K | $188K | 5x | as long as short |
| Gate SOON_USDT | +0.0890% | 4h | 0.1944 | −0.177% | $3.2M | $125K | 50x | as long as short |
| Bitget SOONUSDT | +0.0990% | 4h | 0.1947 | −0.023% | $9.1M | $271K | 25x | as long as short |
| Aster SOONUSDT | +0.1187% | 4h | 0.1943 | −0.228% | $189K | $3K | 5x | as long as short |
| Variational Omni SOON | +0.1430% | 4h | 0.1937 | −0.553% | $238K | $20K | — | as long as short |
| BingX SOON-USDT | +0.1854% | 4h | 0.1944 | −0.177% | — | $6.7M | — | as long as short |
KuCoin SOONUSDTM
OKX SOON-USDT-SWAP
Extended SOON-USD
Gate SOON_USDT
Bitget SOONUSDT
Aster SOONUSDT
Variational Omni SOON
BingX SOON-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOONUSDT | +0.1912% | 4h | 0.1938 | −0.510% | $2.5M | $1.2M | 25x | as long as short |
Bybit SOONUSDT