Funding you earn now, next payment 04:00 UTC+0.0997%/8h= +109.1% APRpaid last 24h −0.062%
Price spread now: SunX against Kraken Futures+0.163%7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$273as in the Funding arb table
Net, price: spread back to 7d avg − costs−$171as in the Price arb table
costs, in and out, $10k−$1781.775% of the position
Funding, last 7 days−0.956%−$96 on $10k
+Price spread, last 4 days (all we have)−0.075%−$8 · spread now +0.163%, 7d avg +0.097%
=Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and SunX is 0.066% dearer against Kraken Futures than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.097%. Mind the row above: over the last 7 days funding on this pair cost −0.956%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_COINXUSD | 196.80 | −0.0997 | get 0.0125% / 1h | 21m 36s | $450K | $551K | 20x |
| Short | SunX COINX-USDT | 197.12 | 0 | get 0.0000% / 8h | 4h 21m | $960 | $2.2M | 10x |
Kraken Futures PF_COINXUSD
SunX COINX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- $209.33
- Price spread: +0.163% → +0.097%
- $6.63
- Slippage, 4 orders
- −$159.53
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- $38.42
- Costs to cover
- 1.775%
- Break-even
- 5.7 days
Slippage from Kraken Futures: live order book, 36 min ago; SunX: 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, 36 min ago | 13.72 bp | 24.4 bp −$24 | 115.3 bp −$1,153 | doesn't fit | doesn't fit |
| Sell SunX live order book, 5 min ago | 44.88 bp | 64.0 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
COINX on 3 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_COINXUSDlong | −0.0997% | 1h | 196.80 | long leg | $450K | $551K | 20x | |
| SunX COINX-USDTshort | 0.0000% | 8h | 197.12 | +0.163% | $960 | $2.2M | 10x | |
| HTX COINX-USDT | 0.0000% | 8h | 197.19 | +0.199% | $69K | $184K | 20x | as long as short |
HTX COINX-USDT