Funding you earn now, next payment 23:00 UTC+0.0793%/8h= +86.8% APRpaid last 24h +0.029%
Price spread now: SunX against Kraken Futures−0.125%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$202as in the Funding arb table
Net, price: spread back to 7d avg − costs−$233as in the Price arb table
costs, in and out, $10k−$2232.233% of the position
Funding, last 7 days+0.217%+$22 on $10k
+Price spread, last 3 days (all we have)+0.144%+$14 · spread now −0.125%, 7d avg −0.029%
=Funding pays, the price is against you. SunX is 0.096% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.125% now, against its 7-day average of −0.029%). If the spread goes back, that is −$10 on $10k: about 10 hours of funding at the current rate (+$24 a day). At the pace of the last 7 days (+0.217% in total) that is about 3.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.217% in total (about 11.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_FILUSD | 0.9912 | −0.0693 | get 0.0087% / 1h | 20m 03s | $1.3M | $2.3M | 50x |
| Short | SunX FIL-USDT | 0.9900 | 0.0100 | get 0.0100% / 8h | 1h 20m | $3K | $1.1M | 20x |
Kraken Futures PF_FILUSD
SunX FIL-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
- $166.43
- Price spread: −0.125% → −0.029%
- −$9.57
- Slippage, 4 orders
- −$205.27
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$66.41
- Costs to cover
- 2.233%
- Break-even
- 9.8 days
Slippage from Kraken Futures: live order book, 4 min ago; SunX: live order book, 3 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, 4 min ago | 3.03 bp | 19.4 bp −$19 | 31.1 bp −$311 | doesn't fit | doesn't fit |
| Sell SunX live order book, 3 min ago | 25.26 bp | 124.0 bp −$124 | 420.7 bp −$4,207 | doesn't fit | doesn't fit |
FIL on 29 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 FIL_USDC-PERPETUAL | −0.0858% | 1h | 0.9915 | +0.026% | $171K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSDlong | −0.0693% | 1h | 0.9912 | long leg | $1.3M | $2.3M | 50x | |
| Coinbase International FIL-PERP-INTX | −0.0376% | 1h | 0.9904 | −0.085% | $318K | $1.9M | 50x | as long as short |
| Injective FIL/USDC PERP | −0.0252% | 1h | 0.9855 | −0.579% | $2K | $240K | 12x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9920 | +0.078% | $25K | — | 150x | as long as short |
| Bitget FILUSDT | −0.0002% | 8h | 0.9906 | −0.065% | $10.8M | $21.6M | 75x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9918 | +0.055% | $58K | $2K | 10x | as long as short |
| KuCoin FILUSDTM | +0.0011% | 8h | 0.9910 | −0.024% | $7.4M | $7.0M | 50x | as long as short |
| Bybit FILUSDT | +0.0026% | 8h | 0.9912 | −0.004% | $15.4M | $18.1M | 25x | as long as short |
| OKX FIL-USDT-SWAP | +0.0033% | 8h | 0.9910 | −0.024% | $18.2M | $98.0M | 50x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
Injective FIL/USDC PERP
gTrade (Gains Network) FIL/USD
Bitget FILUSDT
dYdX FIL-USD
KuCoin FILUSDTM
Bybit FILUSDT
OKX FIL-USDT-SWAPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0078% | 8h | 0.9909 | −0.034% | $252K | $105K | 50x | as long as short |
| BingX FIL-USDT | +0.0078% | 8h | 0.9910 | −0.024% | — | $11.9M | — | as long as short |
| Extended FIL-USD | +0.0080% | 1h | 0.9905 | −0.074% | $692K | $2.3M | 10x | as long as short |
| Binance FILUSDT | +0.0081% | 8h | 0.9908 | −0.044% | $57.1M | $176.0M | 75x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9905 | −0.075% | $159K | $349K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9910 | −0.025% | $8.7M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9914 | +0.018% | $498K | $525K | 20x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9914 | +0.016% | $7.9M | $16.3M | 50x | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9897 | −0.153% | $441K | $277K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9865 | −0.482% | $45K | $293K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9876 | −0.364% | $287K | $790K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9870 | −0.428% | $30K | $197K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9920 | +0.076% | $5K | — | 10x | as long as short |
| SunX FIL-USDTshort | +0.0100% | 8h | 0.9900 | −0.125% | $3K | $1.1M | 20x | |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9907 | −0.054% | $493 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9915 | +0.026% | $629K | $5.6M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9900 | −0.125% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0200% | 8h | 0.9896 | −0.165% | $2.7M | $657K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0600% / S −0.0709% | 1h | 0.9919 | +0.065% | $207K | — | 100x | as long as short |
MEXC FIL_USDC
BingX FIL-USDT
Extended FIL-USD
Binance FILUSDT
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Gate FIL_USDT
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]