Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.033%
Price spread now: Phemex against Kraken Futures+0.004%7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$960.961% of the position
Funding, last 7 days−0.252%−$25 on $10k
+Price spread, last 3 days (all we have)−0.008%−$1 · spread now +0.004%, 7d avg −0.021%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.025% dearer against Kraken Futures than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.021%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SPYXUSD | 774.47 | 0.0000 | get 0.0000% / 1h | 23m 18s | $1.5M | $481K | 20x |
| Short | Phemex SPYXUSDT | 774.50 | 0 | get 0.0000% / 4h | 23m 18s | $831K | $5K | 10x |
Kraken Futures PF_SPYXUSD
Phemex SPYXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0.09
- Price spread: +0.004% → −0.021%
- $2.47
- Slippage, 4 orders
- −$74.07
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$93.51
- Costs to cover
- 0.961%
- Break-even
- 7239.7 days
Slippage from Kraken Futures: live order book, 5 min ago; Phemex: live order book, 54 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, 5 min ago | 2.58 bp | 9.1 bp −$9 | 10.4 bp −$104 | 103.1 bp −$10.3K | doesn't fit |
| Sell Phemex live order book, 54 min ago | 10.73 bp | 39.3 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
SPYX on 2 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SPYXUSDlong | 0.0000% | 1h | 774.47 | long leg | $1.5M | $481K | 20x | |
| Phemex SPYXUSDTshort | 0.0000% | 4h | 774.50 | +0.004% | $831K | $5K | 10x |