Funding you earn now, next payment 12:00 UTC+0.0184%/8h= +20.2% APRpaid last 24h +0.050%
Price spread now: SunX against Kraken Futures+0.060%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$196as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1511.513% of the position
Funding, last 7 days−0.446%−$45 on $10k
+Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.060%, 7d avg +0.038%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and SunX is 0.022% dearer against Kraken Futures than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.038%. Mind the row above: over the last 7 days funding on this pair cost −0.446%, 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 | 166.88 | −0.0184 | get 0.0023% / 1h | 11m 28s | $914K | $862K | 20x |
| Short | SunX MSTRX-USDT | 166.98 | 0 | get 0.0000% / 8h | 4h 11m | $1K | $2.1M | 10x |
Kraken Futures PF_MSTRXUSD
SunX MSTRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- $38.73
- Price spread: +0.060% → +0.038%
- $2.17
- Slippage, 4 orders
- −$133.27
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$110.37
- Costs to cover
- 1.513%
- Break-even
- 27.0 days
Slippage from Kraken Futures: live order book, 25 min ago; SunX: live order book, 9 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, 25 min ago | 3.30 bp | 13.1 bp −$13 | 24.2 bp −$242 | doesn't fit | doesn't fit |
| Sell SunX live order book, 9 min ago | 45.25 bp | 64.0 bp −$64 | doesn't fit | 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 | −0.0184% | 1h | 166.88 | long leg | $914K | $862K | 20x | |
| SunX MSTRX-USDTshort | 0.0000% | 8h | 166.98 | +0.060% | $1K | $2.1M | 10x | |
| HTX MSTRX-USDT | 0.0000% | 8h | 167.05 | +0.102% | $129K | $927K | 50x | as long as short |
HTX MSTRX-USDT