Funding you earn now, next payment 06:00 UTC+0.0277%/8h= +30.3% APRpaid last 24h +0.026%
Price spread now: Kraken Futures against BloFin+0.024%117s7-day average +0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1031.031% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 4 days (all we have)+0.347%+$35 · spread now +0.024%, 7d avg +0.075%
=Funding pays, the price is against you. Kraken Futures is 0.051% cheaper against BloFin than usual: you would sell low and buy high (spread +0.024% now, against its 7-day average of +0.075%). If the spread goes back, that is −$5 on $10k: about 15 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.014% in total) that is about 26 days. The two prices were read 117 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.014% in total (about 0.7% 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 | BloFin SUSHI-USDT | 0.2488 | 0.0090 | pay 0.0090% / 8h | 2h 31m | $211K | $53K | 75x |
| Short | Kraken Futures PF_SUSHIUSD | 0.2489 | 0.0367 | get 0.0046% / 1h | 31m 16s | $748K | $64K | 20x |
BloFin SUSHI-USDT
Kraken Futures PF_SUSHIUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BloFin. 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
- $58.15
- Price spread: +0.024% → +0.075%
- −$5.09
- Slippage, 4 orders
- −$81.13
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$50.07
- Costs to cover
- 1.031%
- Break-even
- 13.0 days
Slippage from BloFin: live order book, 40 min ago; Kraken Futures: live order book, 17 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 BloFin live order book, 40 min ago | 5.94 bp | 15.5 bp −$16 | 28.5 bp −$285 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 17 min ago | 15.89 bp | 35.6 bp −$36 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SUSHIUSDT | −0.0060% | 8h | 0.2487 | −0.040% | $975K | $730K | 50x | as long as short |
| Variational Omni SUSHI | +0.0002% | 8h | 0.2494 | +0.226% | $40K | $7K | — | as long as short |
| Injective SUSHI/USDC PERP | +0.0033% | 1h | 0.2545 | +2.291% | $16 | $18K | 5.5x | as long as short |
| BloFin SUSHI-USDTlong | +0.0090% | 8h | 0.2488 | long leg | $211K | $53K | 75x | |
| Hyperliquid SUSHI | +0.0100% | 1h | 0.2490 | +0.072% | $334K | $350K | 3x | as long as short |
| Aster SUSHIUSDT | +0.0100% | 8h | 0.2487 | −0.032% | $22K | $15K | 5x | as long as short |
| Binance SUSHIUSDT | +0.0100% | 8h | 0.2488 | −0.011% | $3.8M | $9.3M | 75x | as long as short |
| Bybit SUSHIUSDT | +0.0100% | 8h | 0.2487 | −0.040% | $2.5M | $2.7M | 75x | as long as short |
| OKX SUSHI-USDT-SWAP | +0.0100% | 8h | 0.2489 | +0.040% | $1.5M | $3.5M | 50x | as long as short |
| Gate SUSHI_USDT | +0.0100% | 8h | 0.2491 | +0.121% | $560K | $270K | 50x | as long as short |
Bitget SUSHIUSDT
Variational Omni SUSHI
Injective SUSHI/USDC PERP
Hyperliquid SUSHI
Aster SUSHIUSDT
Binance 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 | 0.2488 | 0.000% | $1.2M | $277K | 75x | as long as short |
| KuCoin SUSHIUSDTM | +0.0100% | 8h | 0.2491 | +0.121% | $1.1M | $241K | 50x | as long as short |
| BingX SUSHI-USDT | +0.0100% | 8h | 0.2487 | −0.040% | — | $2.5M | — | as long as short |
| HTX SUSHI-USDT | +0.0100% | 8h | 0.2489 | +0.040% | $83K | $77K | 75x | as long as short |
| Kraken Futures PF_SUSHIUSDshort | +0.0367% | 1h | 0.2489 | +0.024% | $748K | $64K | 20x |
MEXC SUSHI_USDT
KuCoin SUSHIUSDTM
BingX SUSHI-USDT
HTX SUSHI-USDT