Funding you earn now, next payment 08:00 UTC−0.4469%/8h= −489.3% APRpaid last 24h −0.272%
Price spread now: Binance against Kraken Futures−0.445%54s7-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 −$134 a day on $10k at the current rate, and Binance is 0.445% cheaper against Kraken Futures than usual: you would sell low and buy high (−$44 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_STEEMUSD | 0.05855 | 0.4569 | pay 0.0571% / 1h | 18m 19s | $8K | $6K | 10x |
| Short | Binance STEEMUSDT | 0.05829 | 0.0100 | get 0.0050% / 4h | 18m 19s | $2.1M | $3.7M | 25x |
Kraken Futures PF_STEEMUSD
Binance STEEMUSDTFunding 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
- −$938.4
- Price spread: −0.445% → 0.000%
- −$44.46
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$1,002.86
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 3 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, 3 min ago | 0.86 bp | 34.3 bp −$34 | 110.6 bp −$1,106 | doesn't fit | 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.
STEEM 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX STEEM-USDT | +0.0070% | 4h | 0.05825 | −0.513% | — | $1.6M | — | as long as short |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05823 | −0.546% | $17K | $11K | 5x | as long as short |
| Binance STEEMUSDTshort | +0.0100% | 4h | 0.05829 | −0.445% | $2.1M | $3.7M | 25x | |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05832 | −0.393% | $487K | $145K | 20x | as long as short |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05820 | −0.598% | $436K | $93K | 30x | as long as short |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05823 | −0.547% | $482K | $302K | 25x | as long as short |
| Variational Omni STEEM | +0.0100% | 4h | 0.05803 | −0.880% | $12K | $267 | — | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05816 | −0.667% | $39K | $56K | 20x | as long as short |
| Gate STEEM_USDT | +0.0838% | 4h | 0.05831 | −0.410% | $287K | $102K | 20x | as long as short |
| Bybit STEEMUSDT | +0.1250% | 4h | 0.05815 | −0.684% | $1.3M | $968K | 13x | as long as short |
BingX STEEM-USDT
Aster STEEMUSDT
MEXC STEEM_USDT
KuCoin STEEMUSDTM
Bitget STEEMUSDT
Variational Omni STEEM
HTX STEEM-USDT
Gate STEEM_USDT
Bybit STEEMUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_STEEMUSDlong | +0.4569% | 1h | 0.05855 | long leg | $8K | $6K | 10x |