Funding you earn now, next payment 23:00 UTC−0.0285%/8h= −31.2% APRpaid last 24h −0.592%
Price spread now: BingX against Kraken Futures−0.008%7-day average — · you buy dearer than you sell
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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$9 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_INITUSD | 0.08169 | 0.0385 | pay 0.0048% / 1h | 54m 52s | $6K | $17K | 10x |
| Short | BingX INIT-USDT | 0.08168 | 0.0100 | get 0.0050% / 4h | 1h 54m | — | $6.6M | — |
Kraken Futures PF_INITUSD
BingX INIT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$59.87
- Price spread: −0.008% → 0.000%
- −$0.79
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$80.66
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; BingX: live order book, 12 min ago. 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 12 min ago | 6.14 bp | 33.3 bp −$33 | 81.4 bp −$814 | 502.4 bp −$50.2K | 822.5 bp −$411.3K |
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin INIT-USDT | +0.0075% | 4h | 0.08140 | −0.351% | $153K | $109K | 25x | as long as short |
| Hyperliquid INIT | +0.0100% | 1h | 0.08158 | −0.128% | $296K | $232K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08166 | −0.032% | $27K | $36K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08163 | −0.069% | $3.4M | $3.6M | 25x | as long as short |
| Bybit INITUSDT | +0.0100% | 4h | 0.08167 | −0.020% | $1.4M | $1.4M | 25x | as long as short |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08168 | −0.008% | $132K | $630K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08146 | −0.277% | $83K | $56K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08174 | +0.066% | $444K | $214K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08156 | −0.155% | $324K | $54K | 25x | as long as short |
| Bitget INITUSDT | +0.0100% | 4h | 0.08168 | −0.008% | $426K | $311K | 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 INITUSDTM
Bitget INITUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX INIT-USDTshort | +0.0100% | 4h | 0.08168 | −0.008% | — | $6.6M | — | |
| Variational Omni INIT | +0.0100% | 4h | 0.08146 | −0.273% | $26K | $23K | — | as long as short |
| Kraken Futures PF_INITUSDlong | +0.0385% | 1h | 0.08169 | long leg | $6K | $17K | 10x |
Variational Omni INIT