Funding you earn now, next payment 02:00 UTC−0.0066%/8h= −7.2% APRpaid last 24h +0.819%
Price spread now: Kraken Futures against BingX+0.137%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Kraken Futures is 0.137% dearer against BingX than usual: you sell high and buy low (spread +0.137% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX INIT-USDT | 0.08255 | 0.0100 | pay 0.0050% / 4h | 2h 55m | — | $6.6M | — |
| Short | Kraken Futures PF_INITUSD | 0.08266 | 0.0034 | get 0.0004% / 1h | 55m 50s | $5K | $17K | 10x |
BingX INIT-USDT
Kraken Futures PF_INITUSDFunding 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
- −$13.9
- Price spread: +0.137% → 0.000%
- $13.66
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$20.24
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: BingX: live order book, 11 min ago; Kraken Futures: no order-book sample. Net counts fees only.
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, 11 min ago | 6.61 bp | 29.8 bp −$30 | 82.0 bp −$820 | 437.7 bp −$43.8K | 750.3 bp −$375.1K |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
INIT on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INITUSDshort | +0.0034% | 1h | 0.08266 | +0.137% | $5K | $17K | 10x | |
| BloFin INIT-USDT | +0.0086% | 4h | 0.08298 | +0.521% | $154K | $112K | 25x | as long as short |
| Hyperliquid INIT | +0.0100% | 1h | 0.08266 | +0.127% | $299K | $234K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08260 | +0.055% | $27K | $37K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08266 | +0.133% | $3.4M | $3.6M | 25x | as long as short |
| Bybit INITUSDT | +0.0100% | 4h | 0.08253 | −0.024% | $1.4M | $1.5M | 25x | as long as short |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08261 | +0.073% | $136K | $645K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08271 | +0.194% | $84K | $55K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08266 | +0.133% | $449K | $210K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08272 | +0.206% | $329K | $54K | 25x | as long as short |
BloFin INIT-USDT
Hyperliquid INIT
Aster INITUSDT
Binance INITUSDT
Bybit INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTMShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget INITUSDT | +0.0100% | 4h | 0.08261 | +0.073% | $429K | $303K | 25x | as long as short |
| BingX INIT-USDTlong | +0.0100% | 4h | 0.08255 | long leg | — | $6.6M | — | |
| Variational Omni INIT | +0.0100% | 4h | 0.08251 | −0.046% | $26K | $23K | — | as long as short |
Bitget INITUSDT
Variational Omni INIT