Funding you earn now, next payment 02:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.001%
Price spread now: Binance against Kraken Futures−0.023%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 −$3 a day on $10k at the current rate, and Binance is 0.023% cheaper against Kraken Futures than usual: you would sell low and buy high (−$2 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 | Kraken Futures PF_USDCUSD | 0.9997 | −0.0059 | get 0.0007% / 1h | 45m 53s | $14K | $930 | 50x |
| Short | Binance USDCUSDT | 0.9995 | −0.0155 | pay 0.0155% / 8h | 6h 45m | $4.6M | $4.3M | 50x |
Kraken Futures PF_USDCUSD
Binance USDCUSDTFunding 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
- −$20.13
- Price spread: −0.023% → 0.000%
- −$2.29
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$42.42
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 6 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, 6 min ago | 0.00 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.1 bp −$514 | 12.2 bp −$6,082 |
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.
USDC on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget USDCUSDT | −0.0161% | 8h | 0.9993 | −0.045% | $4.3M | $17K | 50x | as long as short |
| Binance USDCUSDTshort | −0.0155% | 8h | 0.9995 | −0.023% | $4.6M | $4.3M | 50x | |
| MEXC USDC_USDT | −0.0154% | 8h | 0.9995 | −0.023% | $19.4M | $585K | 200x | as long as short |
| KuCoin USDCUSDTM | −0.0082% | 8h | 0.9990 | −0.070% | $2.5M | $20K | 30x | as long as short |
| Kraken Futures PF_USDCUSDlong | −0.0059% | 1h | 0.9997 | long leg | $14K | $930 | 50x | |
| Bybit USDCUSDT | 0.0000% | 8h | 1.0001 | +0.035% | $9.5M | $346K | 50x | as long as short |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0000 | +0.025% | $1.1M | $43K | 50x | as long as short |
| Gate USDC_USDT | +0.0100% | 8h | 0.9996 | −0.015% | $253K | $35K | 50x | as long as short |
Bitget USDCUSDT
MEXC USDC_USDT
KuCoin USDCUSDTM
Bybit USDCUSDT
OKX USDC-USDT-SWAP
Gate USDC_USDT