Funding you earn now, next payment 05:00 UTC−0.0585%/8h= −64.1% APRpaid last 24h +0.054%
Price spread now: BingX against Kraken Futures−2.006%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 −$18 a day on $10k at the current rate, and BingX is 2.006% cheaper against Kraken Futures than usual: you would sell low and buy high (−$201 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_COOKIEUSD | 0.01296 | 0.0685 | pay 0.0086% / 1h | 12m 35s | $13K | $40K | 10x |
| Short | BingX COOKIE-USDT | 0.01270 | 0.0100 | get 0.0050% / 4h | 3h 12m | — | $6.5M | — |
Kraken Futures PF_COOKIEUSD
BingX COOKIE-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
- −$122.91
- Price spread: −2.006% → 0.000%
- −$200.58
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$343.49
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; BingX: live order book, 9 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 BingX live order book, 9 min ago | 6.49 bp | 51.3 bp −$51 | 265.0 bp −$2,650 | 677.3 bp −$67.7K | 844.1 bp −$422.0K |
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.
COOKIE on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance COOKIEUSDT | +0.0100% | 4h | 0.01269 | −2.044% | $2.1M | $9.2M | 20x | as long as short |
| Bybit COOKIEUSDT | +0.0100% | 4h | 0.01272 | −1.875% | $873K | $1.4M | 25x | as long as short |
| Gate COOKIE_USDT | +0.0100% | 4h | 0.01271 | −1.913% | $130K | $224K | 25x | as long as short |
| MEXC COOKIE_USDT | +0.0100% | 4h | 0.01269 | −2.068% | $636K | $360K | 100x | as long as short |
| KuCoin COOKIEUSDTM | +0.0100% | 4h | 0.01270 | −1.990% | $226K | $151K | 20x | as long as short |
| Bitget COOKIEUSDT | +0.0100% | 4h | 0.01270 | −1.990% | $369K | $302K | 5x | as long as short |
| BingX COOKIE-USDTshort | +0.0100% | 4h | 0.01270 | −2.006% | — | $6.5M | — | |
| Variational Omni COOKIE | +0.0100% | 4h | 0.01295 | −0.025% | $12K | $20K | — | as long as short |
| Kraken Futures PF_COOKIEUSDlong | +0.0685% | 1h | 0.01296 | long leg | $13K | $40K | 10x |
Binance COOKIEUSDT
Bybit COOKIEUSDT
Gate COOKIE_USDT
MEXC COOKIE_USDT
KuCoin COOKIEUSDTM
Bitget COOKIEUSDT
Variational Omni COOKIE