Funding you earn now, next payment 04:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h −0.100%
Price spread now: Kraken Futures against BingX+0.228%7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$930.929% of the position
Funding, last 7 days+0.391%+$39 on $10k
+Price spread, last 4 days (all we have)−0.226%−$23 · spread now +0.228%, 7d avg +0.072%
=The price spread pays, funding is against you. Kraken Futures is 0.156% dearer against BingX than usual: you sell high and buy low (spread +0.228% now, against its 7-day average of +0.072%): +$16 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 9.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.391%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ETHFI-USDT | 0.7040 | 0.0100 | pay 0.0050% / 4h | 51m 46s | — | $26.0M | — |
| Short | Kraken Futures PF_ETHFIUSD | 0.7056 | 0.0044 | get 0.0005% / 1h | 51m 46s | $263K | $214K | 20x |
BingX ETHFI-USDT
Kraken Futures PF_ETHFIUSDFunding 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
- −$11.79
- Price spread: +0.228% → +0.072%
- $15.57
- Slippage, 4 orders
- −$72.87
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$89.08
- Costs to cover
- 0.929%
- Break-even
- never at this rate
Slippage from BingX: live order book, 2 min ago; Kraken Futures: live order book, 6 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, 2 min ago | 1.41 bp | 6.4 bp −$6 | 9.7 bp −$97 | 20.1 bp −$2,011 | 49.7 bp −$24.9K |
| Sell Kraken Futures live order book, 6 min ago | 26.16 bp | 39.1 bp −$39 | 128.2 bp −$1,282 | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0601% | 1h | 0.7047 | +0.099% | $40K | $12K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0209% | 4h | 0.7045 | +0.071% | $16K | $1K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0095% | 4h | 0.7049 | +0.128% | $87K | $168K | 20x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.841% | $321 | $51K | 5.5x | as long as short |
| Kraken Futures PF_ETHFIUSDshort | +0.0044% | 1h | 0.7056 | +0.228% | $263K | $214K | 20x | |
| Paradex ETHFI-USD-PERP | +0.0067% | 8h | 0.7048 | +0.109% | $6K | — | 5x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7051 | +0.162% | $1.1M | $878K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7041 | +0.010% | $17.5M | $7.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7053 | +0.191% | $180K | $258K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7034 | −0.085% | $24.5M | $35.6M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
HTX ETHFI-USDT
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7037 | −0.043% | $17.6M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7040 | 0.000% | $5.0M | $12.2M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7042 | +0.028% | $1.7M | $1.9M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7048 | +0.114% | $15.8M | $3.9M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7041 | +0.014% | $1.2M | $242K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7035 | −0.071% | $6.1M | $5.2M | 75x | as long as short |
| BingX ETHFI-USDTlong | +0.0100% | 4h | 0.7040 | long leg | — | $26.0M | — | |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7085 | +0.644% | $1.0M | $703K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7062 | +0.310% | $70K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7058 | +0.256% | $1K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7044 | +0.058% | $96K | $378K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7043 | +0.045% | $8K | — | 3x | as long as short |
| BloFin ETHFI-USDT | +0.0340% | 4h | 0.7067 | +0.384% | $1.2M | $245K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0624% | 1h | 0.7074 | +0.483% | $31K | $6K | 50x | as long as short |
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX