Funding you earn now, next payment 23:00 UTC+0.0228%/8h= +25.0% APRpaid last 24h −0.140%
Price spread now: HTX against Kraken Futures+0.125%7-day average +0.096% · you sell dearer than you buy
Net, funding: paid 7d − costs−$130as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$470.471% of the position
Funding, last 7 days−0.834%−$83 on $10k
+Price spread, last 3 days (all we have)−0.024%−$2 · spread now +0.125%, 7d avg +0.096%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and HTX is 0.029% dearer against Kraken Futures than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.096%. Mind the row above: over the last 7 days funding on this pair cost −0.834%, 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_CRCLXUSD | 94.163 | −0.0228 | get 0.0029% / 1h | 7m 15s | $1.4M | $2.6M | 20x |
| Short | HTX CRCLX-USDT | 94.280 | 0 | get 0.0000% / 8h | 1h 07m | $200K | $262K | 50x |
Kraken Futures PF_CRCLXUSD
HTX CRCLX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- $47.92
- Price spread: +0.125% → +0.096%
- $2.86
- Slippage, 4 orders
- −$25.07
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- $3.7
- Costs to cover
- 0.471%
- Break-even
- 6.5 days
Slippage from Kraken Futures: live order book, 1 min ago; HTX: live order book, 9 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, 1 min ago | 4.25 bp | 13.3 bp −$13 | 23.9 bp −$239 | doesn't fit | doesn't fit |
| Sell HTX live order book, 9 min ago | 3.71 bp | 9.7 bp −$10 | 17.7 bp −$177 | doesn't fit | doesn't fit |
CRCLX 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_CRCLXUSDlong | −0.0228% | 1h | 94.163 | long leg | $1.4M | $2.6M | 20x | |
| SunX CRCLX-USDT | 0.0000% | 8h | 94.150 | −0.013% | $932 | $3.3M | 10x | as long as short |
| HTX CRCLX-USDTshort | 0.0000% | 8h | 94.280 | +0.125% | $200K | $262K | 50x |
SunX CRCLX-USDT