Funding you earn now, next payment 04:00 UTC+0.0458%/8h= +50.2% APRpaid last 24h +0.103%
Price spread now: Kraken Futures against BingX−0.011%53s7-day average +0.144% · you buy dearer than you sell
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1711.713% of the position
Funding, last 7 days+0.440%+$44 on $10k
+Price spread, last 4 days (all we have)+0.313%+$31 · spread now −0.011%, 7d avg +0.144%
=Funding pays, the price is against you. Kraken Futures is 0.155% cheaper against BingX than usual: you would sell low and buy high (spread −0.011% now, against its 7-day average of +0.144%). If the spread goes back, that is −$15 on $10k: about 27 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.440% in total) that is about 2.5 days. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX DYDX-USDT | 0.1364 | 0.0100 | pay 0.0100% / 8h | 4h 47m | — | $3.0M | — |
| Short | Kraken Futures PF_DYDXUSD | 0.1364 | 0.0558 | get 0.0070% / 1h | 47m 21s | $308K | $351K | 20x |
BingX DYDX-USDT
Kraken Futures PF_DYDXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- $96.19
- Price spread: −0.011% → +0.144%
- −$15.47
- Slippage, 4 orders
- −$151.32
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$90.59
- Costs to cover
- 1.713%
- Break-even
- 13.6 days
Slippage from BingX: live order book, 3 min ago; Kraken Futures: live order book, 10 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 BingX live order book, 3 min ago | 11.00 bp | 27.2 bp −$27 | 57.5 bp −$575 | 437.9 bp −$43.8K | 726.6 bp −$363.3K |
| Sell Kraken Futures live order book, 10 min ago | 10.23 bp | 23.7 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
DYDX on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective DYDX/USDC PERP | −0.0539% | 1h | 0.1364 | 0.000% | $6K | $52K | 12x | as long as short |
| BloFin DYDX-USDT | +0.0074% | 8h | 0.1362 | −0.147% | $299K | $12K | 75x | as long as short |
| Lighter DYDX | +0.0096% | 1h | 0.1364 | −0.007% | $61K | $48K | 5x | as long as short |
| Hyperliquid DYDX | +0.0100% | 1h | 0.1366 | +0.154% | $2.1M | $720K | 5x | as long as short |
| Aster DYDXUSDT | +0.0100% | 8h | 0.1364 | −0.013% | $5K | $11K | 5x | as long as short |
| Binance DYDXUSDT | +0.0100% | 8h | 0.1364 | −0.001% | $5.2M | $8.3M | 75x | as long as short |
| Bybit DYDXUSDT | +0.0100% | 8h | 0.1362 | −0.176% | $4.6M | $2.5M | 75x | as long as short |
| OKX DYDX-USDT-SWAP | +0.0100% | 8h | 0.1363 | −0.059% | $2.1M | $3.2M | 20x | as long as short |
| Gate DYDX_USDT | +0.0100% | 8h | 0.1363 | −0.073% | $383K | $470K | 75x | as long as short |
| MEXC DYDX_USDT | +0.0100% | 8h | 0.1363 | −0.073% | $3.0M | $798K | 125x | as long as short |
Injective DYDX/USDC PERP
BloFin DYDX-USDT
Lighter DYDX
Hyperliquid DYDX
Aster DYDXUSDT
Binance DYDXUSDT
Bybit DYDXUSDT
OKX DYDX-USDT-SWAP
Gate DYDX_USDT
MEXC DYDX_USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin DYDXUSDTM | +0.0100% | 8h | 0.1364 | 0.000% | $2.3M | $3.8M | 50x | as long as short |
| Bitget DYDXUSDT | +0.0100% | 8h | 0.1363 | −0.073% | $1.4M | $1.1M | 10x | as long as short |
| BingX DYDX-USDTlong | +0.0100% | 8h | 0.1364 | long leg | — | $3.0M | — | |
| Extended DYDX-USD | +0.0104% | 1h | 0.1364 | −0.027% | $3K | $110K | 10x | as long as short |
| Aevo DYDX-PERP | +0.0104% | 1h | 0.1363 | −0.092% | $49K | — | 3x | as long as short |
| Arcus DYDX-USD | +0.0162% | 1h | 0.1366 | +0.147% | $53K | $20K | 5x | as long as short |
| GMX DYDX/USD [WBTC.b-USDC] | L +0.0187% / S −0.0526% | 1h | 0.1363 | −0.049% | $925 | — | 100x | as long as short |
| Deribit DYDX_USDC-PERPETUAL | +0.0484% | 1h | 0.1364 | 0.000% | — | — | 25x | as long as short |
| Kraken Futures PF_DYDXUSDshort | +0.0558% | 1h | 0.1364 | −0.011% | $308K | $351K | 20x | |
| Coinbase International DYDX-PERP-INTX | +0.0856% | 1h | 0.1375 | +0.806% | $17K | $37K | 50x | as long as short |
| dYdX DYDX-USD | +0.2556% | 1h | 0.1364 | −0.025% | $78K | $2K | 5x | as long as short |
KuCoin DYDXUSDTM
Bitget DYDXUSDT
Extended DYDX-USD
Aevo DYDX-PERP
Arcus DYDX-USD
GMX DYDX/USD [WBTC.b-USDC]
Deribit DYDX_USDC-PERPETUAL
Coinbase International DYDX-PERP-INTX
dYdX DYDX-USD