Funding you earn now, next payment 23:00 UTC+0.0594%/8h= +65.1% APRpaid last 24h −0.003%
Price spread now: Kraken Futures against BingX−0.030%53s7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$340.344% of the position
Funding, last 7 days−0.015%−$2 on $10k
+Price spread, last 3 days (all we have)+0.123%+$12 · spread now −0.030%, 7d avg +0.027%
=Funding pays, the price is against you. Kraken Futures is 0.057% cheaper against BingX than usual: you would sell low and buy high (spread −0.030% now, against its 7-day average of +0.027%). If the spread goes back, that is −$6 on $10k: about 8 hours of funding at the current rate (+$18 a day). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.015% in total (about -0.8% 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 | BingX LINK-USDT | 13.174 | 0.0100 | pay 0.0100% / 8h | 1h 12m | — | $21.4M | — |
| Short | Kraken Futures PF_LINKUSD | 13.170 | 0.0694 | get 0.0087% / 1h | 12m 20s | $6.9M | $8.1M | 50x |
BingX LINK-USDT
Kraken Futures PF_LINKUSDFunding 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
- $124.77
- Price spread: −0.030% → +0.027%
- −$5.69
- Slippage, 4 orders
- −$14.45
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $84.63
- Costs to cover
- 0.344%
- Break-even
- 2.3 days
Slippage from BingX: live order book, 6 min ago; Kraken Futures: live order book, 2 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 BingX live order book, 6 min ago | 1.14 bp | 6.9 bp −$7 | 8.8 bp −$88 | 20.2 bp −$2,019 | 39.8 bp −$19.9K |
| Sell Kraken Futures live order book, 2 min ago | 3.04 bp | 9.3 bp −$9 | 11.5 bp −$115 | 41.4 bp −$4,135 | doesn't fit |
LINK on 40 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX LINK/USD [LINK-USDC] | L −0.0090% / S +0.0167% | 1h | 13.175 | +0.006% | $1.8M | — | 200x | as long as short |
| Kalshi KXLINKPERP | 0.0000% | 8h | 13.170 | −0.029% | $462K | $2.3M | 3.7x | as long as short |
| Deribit LINK_USDC-PERPETUAL | 0.0000% | 1h | 13.165 | −0.068% | $719K | $125K | 50x | as long as short |
| gTrade (Gains Network) LINK/USD | L +0.0004% / S −0.0006% | 1h | 13.175 | +0.011% | $134K | — | 150x | as long as short |
| dYdX LINK-USD | +0.0030% | 1h | 13.174 | +0.003% | $349K | $48K | 10x | as long as short |
| Injective LINK/USDC PERP | +0.0033% | 1h | 12.400 | −5.875% | $4K | $48K | 12x | as long as short |
| Phoenix LINK | +0.0037% | 1h | 13.183 | +0.066% | $3K | $81K | 10x | as long as short |
| Orderly PERP_LINK_USDC | +0.0041% | 8h | 13.170 | −0.030% | $134K | $1.5M | 20x | as long as short |
| Lighter LINK | +0.0096% | 1h | 13.175 | +0.008% | $2.0M | $2.7M | 10x | as long as short |
| Paradex LINK-USD-PERP | +0.0100% | 8h | 13.170 | −0.031% | $32K | $3K | 20x | as long as short |
GMX LINK/USD [LINK-USDC]
Kalshi KXLINKPERP
Deribit LINK_USDC-PERPETUAL
gTrade (Gains Network) LINK/USD
dYdX LINK-USD
Injective LINK/USDC PERP
Phoenix LINK
Orderly PERP_LINK_USDC
Lighter LINK
Paradex LINK-USD-PERPShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado LINK-PERP | +0.0100% | 1h | 13.172 | −0.015% | $403K | $314K | 10x | as long as short |
| Hyperliquid LINK | +0.0100% | 1h | 13.188 | +0.106% | $77.9M | $24.0M | 10x | as long as short |
| Aster LINKUSDT | +0.0100% | 8h | 13.176 | +0.013% | $1.4M | $2.9M | 50x | as long as short |
| Pacifica LINK | +0.0100% | 1h | 13.176 | +0.012% | $276K | $148K | 10x | as long as short |
| Binance LINKUSDT | +0.0100% | 8h | 13.174 | −0.004% | $122.4M | $303.1M | 75x | as long as short |
| Bybit LINKUSDT | +0.0100% | 8h | 13.172 | −0.015% | $85.0M | $70.6M | 75x | as long as short |
| OKX LINK-USDT-SWAP | +0.0100% | 8h | 13.175 | +0.008% | $27.8M | $86.2M | 50x | as long as short |
| Arcus LINK-USD | +0.0100% | 1h | 13.187 | +0.099% | $185K | $172K | 10x | as long as short |
| Gate LINK_USDT | +0.0100% | 8h | 13.173 | −0.008% | $130.6M | $12.8M | 75x | as long as short |
| MEXC LINK_USDT | +0.0100% | 8h | 13.172 | −0.015% | $36.3M | $56.9M | 300x | as long as short |
| KuCoin LINKUSDTM | +0.0100% | 8h | 13.175 | +0.008% | $22.4M | $15.4M | 75x | as long as short |
| Bitget LINKUSDT | +0.0100% | 8h | 13.171 | −0.023% | $54.8M | $30.6M | 75x | as long as short |
| BingX LINK-USDTlong | +0.0100% | 8h | 13.174 | long leg | — | $21.4M | — | |
| Variational Omni LINK | +0.0100% | 8h | 13.184 | +0.075% | $3.3M | $1.5M | — | as long as short |
| edgeX LINKUSDC | +0.0100% | 4h | 13.179 | +0.040% | $44K | $309K | 20x | as long as short |
| GRVT LINK_USDT_Perp | +0.0100% | 8h | 13.184 | +0.076% | $598K | $2.7M | 10x | as long as short |
| ApeX Omni LINKUSDT | +0.0100% | 1h | 13.187 | +0.099% | $153K | $670K | 50x | as long as short |
| Polymarket Perps LINK-USD | +0.0100% | 1h | 13.176 | +0.015% | $82K | $69K | 10x | as long as short |
| Derive LINK-PERP | +0.0100% | 1h | 13.157 | −0.127% | $16K | $22K | 10x | as long as short |
| SunX LINK-USDT | +0.0100% | 8h | 13.175 | +0.006% | $34K | $1.6M | 30x | as long as short |
| SoDEX LINK-USD | +0.0100% | 1h | 13.162 | −0.091% | $5K | $36K | 10x | as long as short |
| HTX LINK-USDT | +0.0100% | 8h | 13.158 | −0.124% | $647K | $894K | 75x | as long as short |
| Extended LINK-USD | +0.0104% | 1h | 13.169 | −0.039% | $678K | $1.8M | 25x | as long as short |
| Aevo LINK-PERP | +0.0104% | 1h | 13.163 | −0.080% | $552K | $2K | 3x | as long as short |
| Coinbase International LINK-PERP-INTX | +0.0120% | 1h | 13.178 | +0.030% | $995K | $2.8M | 50x | as long as short |
| Backpack LINK_USDC_PERP | +0.0210% | 1h | 13.176 | +0.015% | $365K | $376K | 15x | as long as short |
| BloFin LINK-USDT | +0.0220% | 8h | 13.166 | −0.061% | $5.2M | $17.0M | 75x | as long as short |
| Reya LINKRUSDPERP | +0.0377% | 1h | 13.170 | −0.028% | $5K | — | 20x | as long as short |
| Phemex LINKUSDT | +0.0472% | 8h | 13.181 | +0.053% | $20.4M | $11.5M | 50x | as long as short |
| Kraken Futures PF_LINKUSDshort | +0.0694% | 1h | 13.170 | −0.030% | $6.9M | $8.1M | 50x |
Nado LINK-PERP
Hyperliquid LINK
Aster LINKUSDT
Pacifica LINK
Binance LINKUSDT
Bybit LINKUSDT
OKX LINK-USDT-SWAP
Arcus LINK-USD
Gate LINK_USDT
MEXC LINK_USDT
KuCoin LINKUSDTM
Bitget LINKUSDT
Variational Omni LINK
edgeX LINKUSDC
GRVT LINK_USDT_Perp
ApeX Omni LINKUSDT
Polymarket Perps LINK-USD
Derive LINK-PERP
SunX LINK-USDT
SoDEX LINK-USD
HTX LINK-USDT
Extended LINK-USD
Aevo LINK-PERP
Coinbase International LINK-PERP-INTX
Backpack LINK_USDC_PERP
BloFin LINK-USDT
Reya LINKRUSDPERP
Phemex LINKUSDT