Funding you earn now, next payment 12:00 UTC+0.0186%/8h= +20.3% APRpaid last 24h +0.050%
Price spread now: HTX against Kraken Futures+0.106%7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$480.483% of the position
Funding, last 7 days−0.443%−$44 on $10k
+Price spread, last 4 days (all we have)−0.118%−$12 · spread now +0.106%, 7d avg +0.052%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and HTX is 0.054% dearer against Kraken Futures than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.052%. Mind the row above: over the last 7 days funding on this pair cost −0.443%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_MSTRXUSD | 165.70 | −0.0186 | get 0.0023% / 1h | 50m 11s | $900K | $850K | 20x |
| Short | HTX MSTRX-USDT | 165.88 | 0 | get 0.0000% / 8h | 4h 50m | $129K | $893K | 50x |
Kraken Futures PF_MSTRXUSD
HTX MSTRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- $39
- Price spread: +0.106% → +0.052%
- $5.44
- Slippage, 4 orders
- −$26.29
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$3.85
- Costs to cover
- 0.483%
- Break-even
- 7.7 days
Slippage from Kraken Futures: live order book, 51 min ago; HTX: live order book, 56 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 Kraken Futures live order book, 51 min ago | 5.12 bp | 17.2 bp −$17 | 23.3 bp −$233 | doesn't fit | doesn't fit |
| Sell HTX live order book, 56 min ago | 0.30 bp | 6.3 bp −$6 | 13.7 bp −$137 | 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_MSTRXUSDlong | −0.0186% | 1h | 165.70 | long leg | $900K | $850K | 20x | |
| SunX MSTRX-USDT | 0.0000% | 8h | 165.90 | +0.118% | $2K | $2.2M | 10x | as long as short |
| HTX MSTRX-USDTshort | 0.0000% | 8h | 165.88 | +0.106% | $129K | $893K | 50x |
SunX MSTRX-USDT