Funding you earn now, next payment 00:00 UTC+0.0221%/8h= +24.2% APRpaid last 24h −0.137%
Price spread now: SunX against Kraken Futures+0.164%7-day average +0.066% · you sell dearer than you buy
Net, funding: paid 7d − costs−$181as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$960.961% of the position
Funding, last 7 days−0.849%−$85 on $10k
+Price spread, last 3 days (all we have)−0.113%−$11 · spread now +0.164%, 7d avg +0.066%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and SunX is 0.097% dearer against Kraken Futures than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.066%. Mind the row above: over the last 7 days funding on this pair cost −0.849%, 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 | 94.615 | −0.0221 | get 0.0028% / 1h | 23m 34s | $1.4M | $2.6M | 20x |
| Short | SunX CRCLX-USDT | 94.770 | 0 | get 0.0000% / 8h | 23m 34s | $846 | $3.3M | 10x |
Kraken Futures PF_CRCLXUSD
SunX CRCLX-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
- $46.38
- Price spread: +0.164% → +0.066%
- $9.74
- Slippage, 4 orders
- −$78.06
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$39.93
- Costs to cover
- 0.961%
- Break-even
- 13.0 days
Slippage from Kraken Futures: live order book, 5 min ago; SunX: live order book, 4 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, 5 min ago | 4.75 bp | 15.1 bp −$15 | 22.6 bp −$226 | doesn't fit | doesn't fit |
| Sell SunX live order book, 4 min ago | 29.02 bp | 33.0 bp −$33 | 62.5 bp −$625 | 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 | −0.0221% | 1h | 94.615 | long leg | $1.4M | $2.6M | 20x | |
| SunX CRCLX-USDTshort | 0.0000% | 8h | 94.770 | +0.164% | $846 | $3.3M | 10x | |
| HTX CRCLX-USDT | 0.0000% | 8h | 94.690 | +0.079% | $201K | $264K | 50x | as long as short |
HTX CRCLX-USDT