Funding you earn now, next payment 07:00 UTC+0.5695%/8h= +623.6% APRpaid last 24h +2.235%
Price spread now: Kraken Futures against SunX+0.230%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+2.406%+$241 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$171 a day on $10k at the current rate, and Kraken Futures is 0.230% dearer against SunX than usual: you sell high and buy low: +$23 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 2.406% in total (about 125.5% 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 | SunX NIGHT-USDT | 0.02403 | 0.0100 | pay 0.0050% / 4h | 1h 58m | $2K | $1.9M | 20x |
| Short | Kraken Futures PF_NIGHTUSD | 0.02409 | 0.5795 | get 0.0724% / 1h | 58m 15s | $64K | $61K | 25x |
SunX NIGHT-USDT
Kraken Futures PF_NIGHTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against SunX. 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
- $1,195.9
- Price spread: +0.230% → 0.000%
- $23.02
- Slippage, 4 orders
- no order book: not counted
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $1,200.92
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: SunX: live order book, 8 min ago; Kraken Futures: no order-book sample. 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 SunX live order book, 8 min ago | 502.40 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
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 | −2.1536% | 1h | 0.02239 | −6.833% | $1K | $74 | 50x | as long as short |
| Injective NIGHT/USDC PERP | +0.0033% | 1h | 0.02435 | +1.332% | $1K | $58K | 5.5x | as long as short |
| Aster NIGHTUSDT | +0.0100% | 4h | 0.02401 | −0.070% | $16K | $41K | 10x | as long as short |
| Binance NIGHTUSDT | +0.0100% | 4h | 0.02401 | −0.065% | $5.2M | $6.5M | 50x | as long as short |
| Bybit NIGHTUSDT | +0.0100% | 4h | 0.02403 | 0.000% | $2.0M | $1.0M | 50x | as long as short |
| OKX NIGHT-USDT-SWAP | +0.0100% | 4h | 0.02401 | −0.083% | $1.6M | $1.9M | 20x | as long as short |
| Gate NIGHT_USDT | +0.0100% | 8h | 0.02402 | −0.042% | $219K | $217K | 20x | as long as short |
| KuCoin NIGHTUSDTM | +0.0100% | 4h | 0.02402 | −0.047% | $1.3M | $5.3M | 50x | as long as short |
| Bitget NIGHTUSDT | +0.0100% | 4h | 0.02403 | 0.000% | $650K | $440K | 25x | as long as short |
| SunX NIGHT-USDTlong | +0.0100% | 4h | 0.02403 | long leg | $2K | $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 | 0.02401 | −0.083% | — | $6.6M | — | as long as short |
| BloFin NIGHT-USDT | +0.0148% | 4h | 0.02401 | −0.083% | $276K | $44K | 50x | as long as short |
| MEXC NIGHT_USDT | +0.0216% | 4h | 0.02401 | −0.083% | $772K | $451K | 100x | as long as short |
| Deribit NIGHT_USDC-PERPETUAL | +0.0958% | 1h | 0.02404 | +0.046% | $99 | $99 | 10x | as long as short |
| Kraken Futures PF_NIGHTUSDshort | +0.5795% | 1h | 0.02409 | +0.230% | $64K | $61K | 25x |
BingX NIGHT-USDT
BloFin NIGHT-USDT
MEXC NIGHT_USDT
Deribit NIGHT_USDC-PERPETUAL