Funding you earn now, next payment 06:00 UTC+0.0251%/8h= +27.5% APRpaid last 24h +0.110%
Price spread now: Kraken Futures against SunX−0.120%7-day average −0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1061.058% of the position
Funding, last 7 days+0.858%+$86 on $10k
+Price spread, last 4 days (all we have)+0.069%+$7 · spread now −0.120%, 7d avg −0.069%
=Funding pays, the price is against you. Kraken Futures is 0.051% cheaper against SunX than usual: you would sell low and buy high (spread −0.120% now, against its 7-day average of −0.069%). If the spread goes back, that is −$5 on $10k: about 16 hours of funding at the current rate (+$8 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX CRCLX-USDT | 91.400 | 0 | get 0.0000% / 8h | 2h 36m | $751 | $3.0M | 10x |
| Short | Kraken Futures PF_CRCLXUSD | 91.291 | 0.0251 | get 0.0031% / 1h | 36m 25s | $1.4M | $2.1M | 20x |
SunX CRCLX-USDT
Kraken Futures PF_CRCLXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against SunX. 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
- $52.68
- Price spread: −0.120% → −0.069%
- −$5.06
- Slippage, 4 orders
- −$87.77
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$58.15
- Costs to cover
- 1.058%
- Break-even
- 14.7 days
Slippage from SunX: live order book, 11 min ago; Kraken Futures: live order book, 2 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 SunX live order book, 11 min ago | 28.94 bp | 32.9 bp −$33 | 62.0 bp −$620 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 4.93 bp | 19.6 bp −$20 | 104.4 bp −$1,044 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX CRCLX-USDTlong | 0.0000% | 8h | 91.400 | long leg | $751 | $3.0M | 10x | |
| HTX CRCLX-USDT | 0.0000% | 8h | 91.420 | +0.022% | $189K | $249K | 50x | as long as short |
| Kraken Futures PF_CRCLXUSDshort | +0.0251% | 1h | 91.291 | −0.120% | $1.4M | $2.1M | 20x |
HTX CRCLX-USDT