Funding you earn now, next payment 06:00 UTC+0.1574%/8h= +172.3% APRpaid last 24h +0.571%
Price spread now: Kraken Futures against BingX+0.061%7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$157as in the Price arb table
costs, in and out, $10k−$1561.556% of the position
Funding, last 7 days+0.414%+$41 on $10k
+Price spread, last 4 days (all we have)+0.384%+$38 · spread now +0.061%, 7d avg +0.073%
=The price spread sits at its 7-day average of +0.073%, so right now this pair is about funding alone: +$47 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.414% in total (about 21.6% 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 | BingX PORTAL-USDT | 0.02010 | 0.0100 | pay 0.0050% / 4h | 2h 51m | — | $1.3M | — |
| Short | Kraken Futures PF_PORTALUSD | 0.02011 | 0.1674 | get 0.0209% / 1h | 51m 26s | $42K | $197K | 10x |
BingX PORTAL-USDT
Kraken Futures PF_PORTALUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- $330.51
- Price spread: +0.061% → +0.073%
- −$1.16
- Slippage, 4 orders
- −$135.65
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $173.7
- Costs to cover
- 1.556%
- Break-even
- 3.3 days
Slippage from BingX: live order book, 10 min ago; Kraken Futures: live order book, 61 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 BingX live order book, 10 min ago | 5.00 bp | 19.1 bp −$19 | 80.9 bp −$809 | 618.4 bp −$61.8K | 801.5 bp −$400.7K |
| Sell Kraken Futures live order book, 61 min ago | 20.12 bp | 52.0 bp −$52 | 287.9 bp −$2,879 | doesn't fit | doesn't fit |
PORTAL on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster PORTALUSDT | +0.0100% | 4h | 0.02009 | −0.059% | $13K | $41K | 5x | as long as short |
| Binance PORTALUSDT | +0.0100% | 4h | 0.02011 | +0.050% | $3.3M | $5.1M | 10x | as long as short |
| Bybit PORTALUSDT | +0.0100% | 4h | 0.02011 | +0.070% | $1.3M | $899K | 20x | as long as short |
| MEXC PORTAL_USDT | +0.0100% | 4h | 0.02011 | +0.050% | $950K | $375K | 50x | as long as short |
| BingX PORTAL-USDTlong | +0.0100% | 4h | 0.02010 | long leg | — | $1.3M | — | |
| Variational Omni PORTAL | +0.0100% | 4h | 0.01998 | −0.604% | $1K | $6K | — | as long as short |
| BloFin PORTAL-USDT | +0.0147% | 4h | 0.02002 | −0.398% | $207K | $18K | 10x | as long as short |
| KuCoin PORTALUSDTM | +0.0708% | 4h | 0.02007 | −0.149% | $339K | $110K | 10x | as long as short |
| Kraken Futures PF_PORTALUSDshort | +0.1674% | 1h | 0.02011 | +0.061% | $42K | $197K | 10x |
Aster PORTALUSDT
Binance PORTALUSDT
Bybit PORTALUSDT
MEXC PORTAL_USDT
Variational Omni PORTAL
BloFin PORTAL-USDT
KuCoin PORTALUSDTM