Funding you earn now, next payment 23:00 UTC+0.1032%/8h= +113.0% APRpaid last 24h +0.012%
Price spread now: BingX against Kraken Futures+0.058%7-day average +0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$163as in the Price arb table
costs, in and out, $10k−$1601.602% of the position
Funding, last 7 days+0.491%+$49 on $10k
+Price spread, last 3 days (all we have)+1.497%+$150 · spread now +0.058%, 7d avg +0.083%
=Funding pays, the price is against you. BingX is 0.025% cheaper against Kraken Futures than usual: you would sell low and buy high (spread +0.058% now, against its 7-day average of +0.083%). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$31 a day). At the pace of the last 7 days (+0.491% in total) that is about 9 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.491% in total (about 25.6% 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_POPCATUSD | 0.05484 | −0.0932 | get 0.0117% / 1h | 29m 03s | $143K | $118K | 20x |
| Short | BingX POPCAT-USDT | 0.05487 | 0.0100 | get 0.0050% / 4h | 1h 29m | — | $6.8M | — |
Kraken Futures PF_POPCATUSD
BingX POPCAT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $216.72
- Price spread: +0.058% → +0.083%
- −$2.55
- Slippage, 4 orders
- −$140.17
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $54.01
- Costs to cover
- 1.602%
- Break-even
- 5.3 days
Slippage from Kraken Futures: live order book, 53 min ago; BingX: 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, 53 min ago | 25.41 bp | 48.4 bp −$48 | 7334.1 bp −$73.3K | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 3.63 bp | 20.8 bp −$21 | 62.4 bp −$624 | 539.1 bp −$53.9K | 815.2 bp −$407.6K |
POPCAT on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective POPCAT/USDC PERP | −0.3374% | 1h | 0.05443 | −0.745% | $3K | $2K | 5.5x | as long as short |
| Kraken Futures PF_POPCATUSDlong | −0.0932% | 1h | 0.05484 | long leg | $143K | $118K | 20x | |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05491 | +0.127% | $1 | — | 10x | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05490 | +0.112% | $100K | $45K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05496 | +0.218% | $2.3M | $6.4M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05483 | −0.015% | $8.8M | $5.9M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05491 | +0.131% | $681K | $1.4M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05490 | +0.112% | $432K | $674K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05494 | +0.185% | $1.9M | $924K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05492 | +0.149% | $1.1M | $998K | 50x | as long as short |
Injective POPCAT/USDC PERP
Reya POPCATRUSDPERP
Lighter POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDT
KuCoin POPCATUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05490 | +0.112% | $1.1M | $893K | 50x | as long as short |
| BingX POPCAT-USDTshort | +0.0100% | 4h | 0.05487 | +0.058% | — | $6.8M | — | |
| Variational Omni POPCAT | +0.0100% | 4h | 0.05481 | −0.055% | $503K | $175K | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05497 | +0.240% | $243K | $490K | 10x | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05510 | +0.477% | $22K | $647K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05491 | +0.135% | $97K | $440K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05492 | +0.149% | $123K | $282K | 50x | as long as short |
| Hyperliquid POPCAT | +0.0783% | 1h | 0.05502 | +0.340% | $2.5M | $1.1M | 3x | as long as short |
Bitget POPCATUSDT
Variational Omni POPCAT
GRVT POPCAT_USDT_Perp
ApeX Omni POPCATUSDT
Extended POPCAT-USD
BloFin POPCAT-USDT
Hyperliquid POPCAT