Funding you earn now, next payment 07:00 UTC+0.0334%/8h= +36.6% APRpaid last 24h +0.123%
Price spread now: Kraken Futures against SunX−0.298%7-day average −0.198% · you buy dearer than you sell
Net, funding: paid 7d − costs−$147as in the Funding arb table
Net, price: spread back to 7d avg − costs−$173as in the Price arb table
costs, in and out, $10k−$1631.630% of the position
Funding, last 7 days+0.164%+$16 on $10k
+Price spread, last 4 days (all we have)+0.112%+$11 · spread now −0.298%, 7d avg −0.198%
=Funding pays, the price is against you. Kraken Futures is 0.100% cheaper against SunX than usual: you would sell low and buy high (spread −0.298% now, against its 7-day average of −0.198%). If the spread goes back, that is −$10 on $10k: about 24 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.164% in total) that is about 4.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.164% in total (about 8.5% 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 | SunX HOODX-USDT | 121.07 | 0 | get 0.0000% / 8h | 1h 48m | $619 | $3.9M | 10x |
| Short | Kraken Futures PF_HOODXUSD | 120.71 | 0.0334 | get 0.0042% / 1h | 48m 59s | $568K | $204K | 20x |
SunX HOODX-USDT
Kraken Futures PF_HOODXUSDFunding 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
- $70.15
- Price spread: −0.298% → −0.198%
- −$9.96
- Slippage, 4 orders
- −$144.97
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$102.78
- Costs to cover
- 1.630%
- Break-even
- 17.3 days
Slippage from SunX: live order book, 9 min ago; Kraken Futures: live order book, 59 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, 9 min ago | 30.08 bp | 48.6 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 59 min ago | 4.96 bp | 22.7 bp −$23 | 23.9 bp −$239 | 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-USDTlong | 0.0000% | 8h | 121.07 | long leg | $619 | $3.9M | 10x | |
| HTX HOODX-USDT | 0.0000% | 8h | 121.00 | −0.058% | $51K | $36K | 20x | as long as short |
| Kraken Futures PF_HOODXUSDshort | +0.0334% | 1h | 120.71 | −0.298% | $568K | $204K | 20x |
HTX HOODX-USDT