Funding you earn now, next payment 02:00 UTC−0.0434%/8h= −47.6% APRpaid last 24h −0.327%
Price spread now: Kraken Futures against BingX−0.020%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 −$13 a day on $10k at the current rate, and Kraken Futures is 0.020% cheaper against BingX 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 | BingX AUCTION-USDT | 3.6700 | 0.0100 | pay 0.0050% / 4h | 2h 48m | — | $7.8M | — |
| Short | Kraken Futures PF_AUCTIONUSD | 3.6693 | −0.0334 | pay 0.0042% / 1h | 48m 57s | $8K | $269 | 10x |
BingX AUCTION-USDT
Kraken Futures PF_AUCTIONUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- −$91.2
- Price spread: −0.020% → 0.000%
- −$2.02
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$113.21
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: BingX: live order book, 4 min ago; Kraken Futures: no order-book sample. 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 BingX live order book, 4 min ago | 5.46 bp | 23.9 bp −$24 | 65.9 bp −$659 | 502.7 bp −$50.3K | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
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.
AUCTION 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AUCTIONUSDshort | −0.0334% | 1h | 3.6693 | −0.020% | $8K | $269 | 10x | |
| Aster AUCTIONUSDT | +0.0100% | 4h | 3.6637 | −0.171% | $878 | $2K | 5x | as long as short |
| Binance AUCTIONUSDT | +0.0100% | 4h | 3.6688 | −0.034% | $2.4M | $1.5M | 50x | as long as short |
| Bybit AUCTIONUSDT | +0.0100% | 4h | 3.6740 | +0.109% | $579K | $266K | 25x | as long as short |
| OKX AUCTION-USDT-SWAP | +0.0100% | 4h | 3.6690 | −0.027% | $768K | $649K | 20x | as long as short |
| Gate AUCTION_USDT | +0.0100% | 8h | 3.6640 | −0.163% | $102K | $66K | 50x | as long as short |
| MEXC AUCTION_USDT | +0.0100% | 4h | 3.6680 | −0.054% | $441K | $141K | 20x | as long as short |
| KuCoin AUCTIONUSDTM | +0.0100% | 4h | 3.6650 | −0.136% | $368K | $112K | 20x | as long as short |
| Bitget AUCTIONUSDT | +0.0100% | 4h | 3.6690 | −0.027% | $376K | $132K | 25x | as long as short |
| BingX AUCTION-USDTlong | +0.0100% | 4h | 3.6700 | long leg | — | $7.8M | — |
Aster AUCTIONUSDT
Binance AUCTIONUSDT
Bybit AUCTIONUSDT
OKX AUCTION-USDT-SWAP
Gate AUCTION_USDT
MEXC AUCTION_USDT
KuCoin AUCTIONUSDTM
Bitget AUCTIONUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AUCTION | +0.0100% | 4h | 3.6664 | −0.097% | $170 | $38 | — | as long as short |
Variational Omni AUCTION