Funding you earn now, next payment 01:00 UTC+0.0823%/8h= +90.1% APRpaid last 24h +0.136%
Price spread now: Binance against Kraken Futures−0.024%7-day average −0.118% · you buy dearer than you sell
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$1071.070% of the position
Funding, last 7 days−0.349%−$35 on $10k
+Price spread, last 3 days (all we have)−0.391%−$39 · spread now −0.024%, 7d avg −0.118%
=Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Binance is 0.094% dearer against Kraken Futures than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.118%. Mind the row above: over the last 7 days funding on this pair cost −0.349%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.349% in total (about -18.2% 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_STXUSD | 0.3400 | −0.0723 | get 0.0090% / 1h | 38m 56s | $71K | $124K | 20x |
| Short | Binance STXUSDT | 0.3399 | 0.0100 | get 0.0100% / 8h | 7h 38m | $7.9M | $18.9M | 75x |
Kraken Futures PF_STXUSD
Binance STXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $172.76
- Price spread: −0.024% → −0.118%
- $9.36
- Slippage, 4 orders
- −$87.04
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $75.08
- Costs to cover
- 1.070%
- Break-even
- 4.0 days
Slippage from Kraken Futures: live order book, 33 min ago; Binance: live order book, 2 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, 33 min ago | 12.20 bp | 31.9 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 1.47 bp | 13.6 bp −$14 | 43.3 bp −$433 | doesn't fit | doesn't fit |
STX 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_STXUSDlong | −0.0723% | 1h | 0.3400 | long leg | $71K | $124K | 20x | |
| Variational Omni STX | −0.0416% | 8h | 0.3404 | +0.123% | $787K | $301K | — | as long as short |
| Gate STX_USDT | −0.0063% | 8h | 0.3397 | −0.082% | $595K | $358K | 50x | as long as short |
| Bitget STXUSDT | −0.0025% | 8h | 0.3395 | −0.140% | $4.7M | $1.9M | 50x | as long as short |
| gTrade (Gains Network) STX/USD | L −0.0002% / S +0.0003% | 1h | 0.3400 | +0.007% | — | — | 150x | as long as short |
| Injective STX/USDC PERP | +0.0033% | 1h | 0.3463 | +1.860% | $4K | $264K | 12x | as long as short |
| BloFin STX-USDT | +0.0098% | 8h | 0.3394 | −0.170% | $420K | $226K | 20x | as long as short |
| Aster STXUSDT | +0.0100% | 8h | 0.3396 | −0.104% | $127K | $64K | 10x | as long as short |
| Binance STXUSDTshort | +0.0100% | 8h | 0.3399 | −0.024% | $7.9M | $18.9M | 75x | |
| Bybit STXUSDT | +0.0100% | 8h | 0.3397 | −0.082% | $8.7M | $7.0M | 75x | as long as short |
Variational Omni STX
Gate STX_USDT
Bitget STXUSDT
gTrade (Gains Network) STX/USD
Injective STX/USDC PERP
BloFin STX-USDT
Aster STXUSDT
Bybit STXUSDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX STX-USDT-SWAP | +0.0100% | 8h | 0.3401 | +0.036% | $2.3M | $5.8M | 20x | as long as short |
| MEXC STX_USDT | +0.0100% | 8h | 0.3397 | −0.082% | $6.1M | $1.3M | 50x | as long as short |
| KuCoin STXUSDTM | +0.0100% | 8h | 0.3400 | +0.007% | $2.4M | $1.7M | 50x | as long as short |
| BingX STX-USDT | +0.0100% | 8h | 0.3396 | −0.111% | — | $16.2M | — | as long as short |
| ApeX Omni STXUSDT | +0.0100% | 1h | 0.3409 | +0.271% | $50K | $684K | 50x | as long as short |
| Extended STX-USD | +0.0104% | 1h | 0.3396 | −0.109% | $180K | $813K | 10x | as long as short |
| Hyperliquid STX | +0.0169% | 1h | 0.3403 | +0.095% | $1.5M | $779K | 5x | as long as short |
| GMX STX/USD [WBTC.b-USDC] | L +0.0194% / S −0.0366% | 1h | 0.3399 | −0.018% | $5K | — | 100x | as long as short |
OKX STX-USDT-SWAP
MEXC STX_USDT
KuCoin STXUSDTM
BingX STX-USDT
ApeX Omni STXUSDT
Extended STX-USD
Hyperliquid STX
GMX STX/USD [WBTC.b-USDC]