Funding you earn now, next payment 10:00 UTC−0.0820%/8h= −89.8% APRpaid last 24h −0.567%
Price spread now: BingX against Kraken Futures−0.118%7-day average −0.080% · you buy dearer than you sell
Net, funding: paid 7d − costs−$319as in the Funding arb table
Net, price: spread back to 7d avg − costs−$273as in the Price arb table
costs, in and out, $10k−$2692.695% of the position
Funding, last 7 days−0.499%−$50 on $10k
+Price spread, last 4 days (all we have)−0.821%−$82 · spread now −0.118%, 7d avg −0.080%
=Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and BingX is 0.038% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.080%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.499% in total (about -26.0% 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_PORTALUSD | 0.02025 | 0.0920 | pay 0.0115% / 1h | 57m 44s | $35K | $199K | 10x |
| Short | BingX PORTAL-USDT | 0.02023 | 0.0100 | get 0.0050% / 4h | 2h 57m | — | $1.3M | — |
Kraken Futures PF_PORTALUSD
BingX PORTAL-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
- −$172.29
- Price spread: −0.118% → −0.080%
- −$3.78
- Slippage, 4 orders
- −$249.47
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$445.54
- Costs to cover
- 2.695%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 35 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, 35 min ago | 27.41 bp | 115.5 bp −$116 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 7.38 bp | 25.7 bp −$26 | 122.5 bp −$1,225 | 705.4 bp −$70.5K | 864.4 bp −$432.2K |
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin PORTAL-USDT | +0.0086% | 4h | 0.02031 | +0.277% | $211K | $21K | 10x | as long as short |
| Aster PORTALUSDT | +0.0100% | 4h | 0.02024 | −0.069% | $9K | $32K | 5x | as long as short |
| Binance PORTALUSDT | +0.0100% | 4h | 0.02022 | −0.172% | $3.3M | $5.2M | 10x | as long as short |
| Bybit PORTALUSDT | +0.0100% | 4h | 0.02025 | −0.004% | $1.3M | $862K | 20x | as long as short |
| MEXC PORTAL_USDT | +0.0100% | 4h | 0.02022 | −0.167% | $1.0M | $402K | 50x | as long as short |
| KuCoin PORTALUSDTM | +0.0100% | 4h | 0.02023 | −0.118% | $333K | $104K | 10x | as long as short |
| BingX PORTAL-USDTshort | +0.0100% | 4h | 0.02023 | −0.118% | — | $1.3M | — | |
| Variational Omni PORTAL | +0.0100% | 4h | 0.02034 | +0.409% | $1K | $7K | — | as long as short |
| Kraken Futures PF_PORTALUSDlong | +0.0920% | 1h | 0.02025 | long leg | $35K | $199K | 10x |
BloFin PORTAL-USDT
Aster PORTALUSDT
Binance PORTALUSDT
Bybit PORTALUSDT
MEXC PORTAL_USDT
KuCoin PORTALUSDTM
Variational Omni PORTAL