Funding you earn now, next payment 01:00 UTC+0.2503%/8h= +274.0% APRpaid last 24h +0.378%
Price spread now: BingX against Kraken Futures−0.026%7-day average −0.129% · you buy dearer than you sell
Net, funding: paid 7d − costs+$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1321.321% of the position
Funding, last 7 days+1.511%+$151 on $10k
+Price spread, last 3 days (all we have)+0.151%+$15 · spread now −0.026%, 7d avg −0.129%
=Both sides work for this trade now. Funding pays +$75 a day on $10k at the current rate, and BingX is 0.103% dearer against Kraken Futures than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.129%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.511% in total (about 78.8% 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_ARUSD | 4.5962 | −0.2403 | get 0.0300% / 1h | 14m 35s | $52K | $135K | 20x |
| Short | BingX AR-USDT | 4.5950 | 0.0100 | get 0.0100% / 8h | 7h 14m | — | $2.9M | — |
Kraken Futures PF_ARUSD
BingX AR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $525.56
- Price spread: −0.026% → −0.129%
- $10.29
- Slippage, 4 orders
- −$112.07
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $403.79
- Costs to cover
- 1.321%
- Break-even
- 1.6 days
Slippage from Kraken Futures: live order book, 58 min ago; BingX: live order book, 5 min ago.
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 live order book, 58 min ago | 35.76 bp | 47.2 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 4.33 bp | 20.6 bp −$21 | 41.3 bp −$413 | 294.0 bp −$29.4K | 652.8 bp −$326.4K |
AR on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ARUSDlong | −0.2403% | 1h | 4.5962 | long leg | $52K | $135K | 20x | |
| GMX AR/USD [WBTC.b-USDC] | L −0.0140% / S +0.0551% | 1h | 4.5997 | +0.076% | $592K | — | 50x | as long as short |
| OKX AR-USDT-SWAP | −0.0133% | 8h | 4.5910 | −0.113% | $2.4M | $19.8M | 20x | as long as short |
| Extended AR-USD | 0.0000% | 1h | 4.5940 | −0.047% | $38K | $240K | 10x | as long as short |
| MEXC AR_USDT | 0.0000% | 8h | 4.5950 | −0.026% | $6.5M | $4.4M | 100x | as long as short |
| Binance ARUSDT | 0.0000% | 8h | 4.5930 | −0.069% | $9.2M | $53.3M | 75x | as long as short |
| Injective AR/USDC PERP | +0.0033% | 1h | 4.5720 | −0.527% | $3K | $239 | 5.5x | as long as short |
| BloFin AR-USDT | +0.0087% | 8h | 4.5980 | +0.039% | $442K | $539K | 20x | as long as short |
| ApeX Omni ARUSDT | +0.0091% | 1h | 4.6040 | +0.170% | $23K | $741K | 50x | as long as short |
| Hyperliquid AR | +0.0100% | 1h | 4.6051 | +0.193% | $4.3M | $4.8M | 5x | as long as short |
GMX AR/USD [WBTC.b-USDC]
OKX AR-USDT-SWAP
Extended AR-USD
MEXC AR_USDT
Binance ARUSDT
Injective AR/USDC PERP
BloFin AR-USDT
ApeX Omni ARUSDT
Hyperliquid ARShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ARUSDT | +0.0100% | 8h | 4.5992 | +0.064% | $21K | $510K | 10x | as long as short |
| Bybit ARUSDT | +0.0100% | 8h | 4.5922 | −0.087% | $4.6M | $8.5M | 75x | as long as short |
| Gate AR_USDT | +0.0100% | 8h | 4.5950 | −0.026% | $2.6M | $2.2M | 50x | as long as short |
| KuCoin ARUSDTM | +0.0100% | 8h | 4.5940 | −0.048% | $1.4M | $1.2M | 50x | as long as short |
| Bitget ARUSDT | +0.0100% | 8h | 4.5900 | −0.135% | $4.0M | $5.4M | 75x | as long as short |
| BingX AR-USDTshort | +0.0100% | 8h | 4.5950 | −0.026% | — | $2.9M | — | |
| Variational Omni AR | +0.0100% | 8h | 4.6023 | +0.132% | $143K | $168K | — | as long as short |
Aster ARUSDT
Bybit ARUSDT
Gate AR_USDT
KuCoin ARUSDTM
Bitget ARUSDT
Variational Omni AR