Funding you earn now, next payment 05:00 UTC−0.7443%/8h= −815.0% APRpaid last 24h −2.172%
Price spread now: SunX against Kraken Futures−0.961%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−2.346%−$235 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$223 a day on $10k at the current rate, and SunX is 0.961% cheaper against Kraken Futures than usual: you would sell low and buy high (−$96 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -2.346% in total (about -122.3% 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 | Kraken Futures PF_NIGHTUSD | 0.02453 | 0.7543 | pay 0.0943% / 1h | 29m 58s | $65K | $61K | 25x |
| Short | SunX NIGHT-USDT | 0.02429 | 0.0100 | get 0.0050% / 4h | 3h 29m | $1K | $1.9M | 20x |
Kraken Futures PF_NIGHTUSD
SunX NIGHT-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
- −$1,563.08
- Price spread: −0.961% → 0.000%
- −$96.07
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$1,677.15
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; SunX: live order book, 6 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 SunX live order book, 6 min ago | 502.89 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
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.
NIGHT on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International NIGHT-PERP-INTX | −2.3328% | 1h | 0.02180 | −11.105% | $1K | — | 50x | as long as short |
| Injective NIGHT/USDC PERP | +0.0033% | 1h | 0.02435 | −0.716% | $1K | $58K | 5.5x | as long as short |
| Aster NIGHTUSDT | +0.0100% | 4h | 0.02430 | −0.926% | $27K | $33K | 10x | as long as short |
| Binance NIGHTUSDT | +0.0100% | 4h | 0.02430 | −0.926% | $5.3M | $6.5M | 50x | as long as short |
| Bybit NIGHTUSDT | +0.0100% | 4h | 0.02430 | −0.920% | $2.0M | $1.0M | 50x | as long as short |
| OKX NIGHT-USDT-SWAP | +0.0100% | 4h | 0.02430 | −0.908% | $1.6M | $1.9M | 20x | as long as short |
| Gate NIGHT_USDT | +0.0100% | 8h | 0.02430 | −0.920% | $239K | $208K | 20x | as long as short |
| KuCoin NIGHTUSDTM | +0.0100% | 4h | 0.02433 | −0.800% | $1.4M | $5.2M | 50x | as long as short |
| Bitget NIGHTUSDT | +0.0100% | 4h | 0.02431 | −0.879% | $682K | $414K | 25x | as long as short |
| SunX NIGHT-USDTshort | +0.0100% | 4h | 0.02429 | −0.961% | $1K | $1.9M | 20x |
Coinbase International NIGHT-PERP-INTX
Injective NIGHT/USDC PERP
Aster NIGHTUSDT
Binance NIGHTUSDT
Bybit NIGHTUSDT
OKX NIGHT-USDT-SWAP
Gate NIGHT_USDT
KuCoin NIGHTUSDTM
Bitget NIGHTUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX NIGHT-USDT | +0.0126% | 4h | 0.02429 | −0.961% | — | $6.6M | — | as long as short |
| BloFin NIGHT-USDT | +0.0149% | 4h | 0.02430 | −0.920% | $284K | $41K | 50x | as long as short |
| MEXC NIGHT_USDT | +0.0250% | 4h | 0.02430 | −0.920% | $785K | $451K | 100x | as long as short |
| Deribit NIGHT_USDC-PERPETUAL | +0.2260% | 1h | 0.02437 | −0.655% | $100 | $99 | 10x | as long as short |
| Kraken Futures PF_NIGHTUSDlong | +0.7543% | 1h | 0.02453 | long leg | $65K | $61K | 25x |
BingX NIGHT-USDT
BloFin NIGHT-USDT
MEXC NIGHT_USDT
Deribit NIGHT_USDC-PERPETUAL