Funding you earn now, next payment 04:00 UTC−0.0621%/8h= −68.0% APRpaid last 24h −0.300%
Price spread now: Kraken Futures against BingX−0.288%7-day average +0.117% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+1.357%+$136 on $10k
+Price spread, last 4 days (all we have)+0.568%+$57 · spread now −0.288%, 7d avg +0.117%
=Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Kraken Futures is 0.405% cheaper against BingX than usual: you would sell low and buy high (−$40 if the spread goes back to its 7-day average of +0.117%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.357%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX BAT-USDT | 0.08473 | 0.0100 | pay 0.0100% / 8h | 4h 28m | — | $1.3M | — |
| Short | Kraken Futures PF_BATUSD | 0.08449 | −0.0521 | pay 0.0065% / 1h | 28m 09s | $116K | $14K | 10x |
BingX BAT-USDT
Kraken Futures PF_BATUSDFunding 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
- −$130.33
- Price spread: −0.288% → +0.117%
- −$40.49
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$190.82
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: BingX: live order book, 2 min ago; Kraken Futures: live order book, 29 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 BingX live order book, 2 min ago | 1.18 bp | 28.2 bp −$28 | 70.1 bp −$701 | 416.6 bp −$41.7K | 458.1 bp −$229.0K |
| Sell Kraken Futures live order book, 29 min ago | 21.95 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
BAT 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_BATUSDshort | −0.0521% | 1h | 0.08449 | −0.288% | $116K | $14K | 10x | |
| BloFin BAT-USDT | +0.0096% | 8h | 0.08464 | −0.106% | $100K | $26K | 50x | as long as short |
| Binance BATUSDT | +0.0100% | 8h | 0.08452 | −0.253% | $1.9M | $2.0M | 50x | as long as short |
| Bybit BATUSDT | +0.0100% | 8h | 0.08465 | −0.094% | $1.1M | $475K | 25x | as long as short |
| OKX BAT-USDT-SWAP | +0.0100% | 8h | 0.08455 | −0.212% | $535K | $421K | 20x | as long as short |
| Gate BAT_USDT | +0.0100% | 8h | 0.08468 | −0.059% | $83K | $35K | 25x | as long as short |
| MEXC BAT_USDT | +0.0100% | 8h | 0.08450 | −0.271% | $827K | $626K | 125x | as long as short |
| KuCoin BATUSDTM | +0.0100% | 8h | 0.08460 | −0.153% | $266K | $61K | 20x | as long as short |
| Bitget BATUSDT | +0.0100% | 8h | 0.08454 | −0.224% | $677K | $177K | 50x | as long as short |
| BingX BAT-USDTlong | +0.0100% | 8h | 0.08473 | long leg | — | $1.3M | — |
BloFin BAT-USDT
Binance BATUSDT
Bybit BATUSDT
OKX BAT-USDT-SWAP
Gate BAT_USDT
MEXC BAT_USDT
KuCoin BATUSDTM
Bitget BATUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BAT | +0.0100% | 8h | 0.08446 | −0.318% | $115K | $78 | — | as long as short |
Variational Omni BAT