Funding you earn now, next payment 09:00 UTC+0.0217%/8h= +23.8% APRpaid last 24h +0.032%
Price spread now: Kraken Futures against Binance−0.223%7-day average +0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$890.887% of the position
Funding, last 7 days+0.047%+$5 on $10k
+Price spread, last 4 days (all we have)+0.478%+$48 · spread now −0.223%, 7d avg +0.081%
=Funding pays, the price is against you. Kraken Futures is 0.304% cheaper against Binance than usual: you would sell low and buy high (spread −0.223% now, against its 7-day average of +0.081%). If the spread goes back, that is −$30 on $10k: about 4.7 days of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.047% in total) that is about 46 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.047% in total (about 2.4% 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 | Binance SUSHIUSDT | 0.2546 | 0.0100 | pay 0.0100% / 8h | 7h 51m | $4.0M | $9.5M | 75x |
| Short | Kraken Futures PF_SUSHIUSD | 0.2540 | 0.0317 | get 0.0040% / 1h | 51m 31s | $765K | $66K | 20x |
Binance SUSHIUSDT
Kraken Futures PF_SUSHIUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- $45.58
- Price spread: −0.223% → +0.081%
- −$30.38
- Slippage, 4 orders
- −$68.67
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$73.47
- Costs to cover
- 0.887%
- Break-even
- 18.3 days
Slippage from Binance: live order book, 3 min ago; Kraken Futures: live order book, 47 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 Binance live order book, 3 min ago | 1.97 bp | 15.2 bp −$15 | 43.8 bp −$438 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 47 min ago | 9.92 bp | 25.4 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
SUSHI on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SUSHI | −0.0005% | 8h | 0.2539 | −0.261% | $41K | $7K | — | as long as short |
| Injective SUSHI/USDC PERP | +0.0033% | 1h | 0.2545 | −0.028% | $16 | $18K | 5.5x | as long as short |
| Bitget SUSHIUSDT | +0.0084% | 8h | 0.2544 | −0.068% | $977K | $786K | 50x | as long as short |
| BloFin SUSHI-USDT | +0.0092% | 8h | 0.2542 | −0.146% | $207K | $49K | 75x | as long as short |
| Hyperliquid SUSHI | +0.0100% | 1h | 0.2547 | +0.038% | $334K | $341K | 3x | as long as short |
| Aster SUSHIUSDT | +0.0100% | 8h | 0.2544 | −0.074% | $21K | $15K | 5x | as long as short |
| Binance SUSHIUSDTlong | +0.0100% | 8h | 0.2546 | long leg | $4.0M | $9.5M | 75x | |
| Bybit SUSHIUSDT | +0.0100% | 8h | 0.2543 | −0.107% | $2.6M | $3.1M | 75x | as long as short |
| OKX SUSHI-USDT-SWAP | +0.0100% | 8h | 0.2545 | −0.028% | $1.5M | $3.8M | 50x | as long as short |
| Gate SUSHI_USDT | +0.0100% | 8h | 0.2540 | −0.225% | $574K | $268K | 50x | as long as short |
Variational Omni SUSHI
Injective SUSHI/USDC PERP
Bitget SUSHIUSDT
BloFin SUSHI-USDT
Hyperliquid SUSHI
Aster SUSHIUSDT
Bybit SUSHIUSDT
OKX SUSHI-USDT-SWAP
Gate SUSHI_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SUSHI_USDT | +0.0100% | 8h | 0.2543 | −0.107% | $1.2M | $278K | 75x | as long as short |
| KuCoin SUSHIUSDTM | +0.0100% | 8h | 0.2539 | −0.264% | $1.2M | $251K | 50x | as long as short |
| BingX SUSHI-USDT | +0.0100% | 8h | 0.2544 | −0.068% | — | $2.5M | — | as long as short |
| HTX SUSHI-USDT | +0.0100% | 8h | 0.2543 | −0.107% | $85K | $78K | 75x | as long as short |
| Kraken Futures PF_SUSHIUSDshort | +0.0317% | 1h | 0.2540 | −0.223% | $765K | $66K | 20x |
MEXC SUSHI_USDT
KuCoin SUSHIUSDTM
BingX SUSHI-USDT
HTX SUSHI-USDT