Spread before costs (cost unknown: a leg has no order-book sample)+0.242%
7d average—if it closes, per $10,000$24funding while held, a day+$78.24
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_TUSD | 0.005092 | −0.3693 | get 0.0462% / 1h | 43m 27s | $2K | $3K | 10x |
| Short | Binance TUSDT | 0.005104 | −0.1085 | pay 0.0542% / 4h | 1h 43m | $3.3M | $11.8M | 50x |
Kraken Futures PF_TUSD
Binance TUSDTPrice 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
- $24.21
- Funding while held
- $78.24
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $82.46
- Spread needed to break even
- 0.200%
Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 13 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.2608%
- Per $10,000 a day
- +$78.24
- 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 13 min ago | 1.95 bp | 12.2 bp −$12 | 35.1 bp −$351 | 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.
T price on every exchange
against the cheapest. Click to use as the short leg.Kraken Futures0.005092cheapest
Bitget0.005092+0.001%Variational Omni0.005095+0.053%Bybit0.005100+0.158%KuCoin0.005102+0.198%
Bitget
Variational Omni
Bybit
KuCoinBinance0.005104+0.242%
MEXC0.005108+0.316%Gate0.005112+0.394%
MEXC
GateT on 8 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TUSDlong | 0.000% | −0.3693% | 1h | $2K | $3K | 10x | |
| Bitget TUSDT | +0.001% | −0.1068% | 4h | $924K | $801K | 50x | as long as short |
| Variational Omni T | +0.053% | −0.0690% | 4h | $7K | $13K | — | as long as short |
| Bybit TUSDT | +0.158% | −0.0833% | 4h | $1.7M | $2.5M | 25x | as long as short |
| KuCoin TUSDTM | +0.198% | −0.1080% | 4h | $1.4M | $99K | 12x | as long as short |
| Binance TUSDTshort | +0.242% | −0.1085% | 4h | $3.3M | $11.8M | 50x | |
| MEXC T_USDT | +0.316% | −0.1088% | 4h | $3.1M | $297K | 20x | as long as short |
| Gate T_USDT | +0.394% | −0.1154% | 4h | $213K | $142K | 20x | as long as short |