Funding you earn now, next payment 08:00 UTC−0.0419%/8h= −45.9% APRpaid last 24h −0.122%
Price spread now: SunX against Kraken Futures+0.139%7-day average +0.199% · you sell dearer than you buy
Net, funding: paid 7d − costs−$172as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$1561.559% of the position
Funding, last 7 days−0.162%−$16 on $10k
+Price spread, last 4 days (all we have)+0.050%+$5 · spread now +0.139%, 7d avg +0.199%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and SunX is 0.060% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.199%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.162% in total (about -8.4% 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_HOODXUSD | 120.43 | 0.0419 | pay 0.0052% / 1h | 18m 53s | $566K | $183K | 20x |
| Short | SunX HOODX-USDT | 120.60 | 0 | get 0.0000% / 8h | 18m 53s | $707 | $3.9M | 10x |
Kraken Futures PF_HOODXUSD
SunX HOODX-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
- −$88.06
- Price spread: +0.139% → +0.199%
- −$6.01
- Slippage, 4 orders
- −$137.89
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$249.95
- Costs to cover
- 1.559%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 19 min ago; SunX: live order book, 9 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, 19 min ago | 6.21 bp | 11.2 bp −$11 | 11.2 bp −$112 | doesn't fit | doesn't fit |
| Sell SunX live order book, 9 min ago | 30.64 bp | 80.3 bp −$80 | doesn't fit | doesn't fit | doesn't fit |
HOODX 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 HOODX-USDTshort | 0.0000% | 8h | 120.60 | +0.139% | $707 | $3.9M | 10x | |
| HTX HOODX-USDT | 0.0000% | 8h | 120.55 | +0.097% | $51K | $36K | 20x | as long as short |
| Kraken Futures PF_HOODXUSDlong | +0.0419% | 1h | 120.43 | long leg | $566K | $183K | 20x |
HTX HOODX-USDT