Funding you earn now, next payment 12:00 UTC−0.0184%/8h= −20.2% APRpaid last 24h −0.050%
Price spread now: Kraken Futures against HTX−0.102%7-day average −0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs+$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$420.425% of the position
Funding, last 7 days+0.443%+$44 on $10k
+Price spread, last 4 days (all we have)+0.103%+$10 · spread now −0.102%, 7d avg −0.051%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Kraken Futures is 0.051% cheaper against HTX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.051%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.443%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX MSTRX-USDT | 167.05 | 0 | get 0.0000% / 8h | 4h 11m | $129K | $927K | 50x |
| Short | Kraken Futures PF_MSTRXUSD | 166.88 | −0.0184 | pay 0.0023% / 1h | 11m 31s | $914K | $862K | 20x |
HTX MSTRX-USDT
Kraken Futures PF_MSTRXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against HTX. 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
- −$38.73
- Price spread: −0.102% → −0.051%
- −$5.08
- Slippage, 4 orders
- −$20.49
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$86.29
- Costs to cover
- 0.425%
- Break-even
- never at this rate
Slippage from HTX: live order book, 30 min ago; Kraken Futures: live order book, 25 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 HTX live order book, 30 min ago | 2.40 bp | 8.4 bp −$8 | 15.1 bp −$151 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 25 min ago | 3.30 bp | 10.8 bp −$11 | 30.4 bp −$304 | doesn't fit | doesn't fit |
MSTRX on 3 exchanges
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_MSTRXUSDshort | −0.0184% | 1h | 166.88 | −0.102% | $914K | $862K | 20x | |
| SunX MSTRX-USDT | 0.0000% | 8h | 166.98 | −0.042% | $1K | $2.1M | 10x | as long as short |
| HTX MSTRX-USDTlong | 0.0000% | 8h | 167.05 | long leg | $129K | $927K | 50x |
SunX MSTRX-USDT