Funding you earn now, next payment 05:00 UTC−0.4462%/8h= −488.6% APRpaid last 24h −0.404%
Price spread now: Binance against Kraken Futures−0.116%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.323%−$32 on $10k
+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 0.116% cheaper against Kraken Futures than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.323% in total (about -16.9% 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_STGUSD | 0.1214 | 0.5091 | pay 0.0636% / 1h | 19m 34s | $9K | $10K | 10x |
| Short | Binance STGUSDT | 0.1213 | 0.0629 | get 0.0314% / 4h | 3h 19m | $2.6M | $5.4M | 20x |
Kraken Futures PF_STGUSD
Binance STGUSDTFunding 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
- −$937.05
- Price spread: −0.116% → 0.000%
- −$11.57
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$968.62
- 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 | 4.13 bp | 47.2 bp −$47 | 273.1 bp −$2,731 | 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.
STG on 10 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 STGUSDTM | +0.0100% | 4h | 0.1211 | −0.250% | $753K | $211K | 30x | as long as short |
| Binance STGUSDTshort | +0.0629% | 4h | 0.1213 | −0.116% | $2.6M | $5.4M | 20x | |
| Bitget STGUSDT | +0.0698% | 4h | 0.1212 | −0.167% | $436K | $1.6M | 50x | as long as short |
| Gate STG_USDT | +0.0774% | 4h | 0.1211 | −0.250% | $108K | $152K | 25x | as long as short |
| Variational Omni STG | +0.1225% | 8h | 0.1212 | −0.144% | $32K | $73K | — | as long as short |
| Aster STGUSDT | +0.1290% | 4h | 0.1208 | −0.532% | $14K | $46K | 5x | as long as short |
| BingX STG-USDT | +0.1442% | 4h | 0.1211 | −0.250% | — | $1.2M | — | as long as short |
| MEXC STG_USDT | +0.1603% | 8h | 0.1211 | −0.250% | $266K | $86K | 20x | as long as short |
| Bybit STGUSDT | +0.1609% | 8h | 0.1211 | −0.266% | $1.1M | $2.4M | 25x | as long as short |
| Kraken Futures PF_STGUSDlong | +0.5091% | 1h | 0.1214 | long leg | $9K | $10K | 10x |
KuCoin STGUSDTM
Bitget STGUSDT
Gate STG_USDT
Variational Omni STG
Aster STGUSDT
BingX STG-USDT
MEXC STG_USDT
Bybit STGUSDT