Funding you earn now, next payment 22:00 UTC+0.0225%/8h= +24.6% APRpaid last 24h +0.031%
Price spread now: Kraken Futures against OKX+0.113%55s7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$100as 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−$990.987% of the position
Funding, last 7 days−0.017%−$2 on $10k
+Price spread, last 3 days (all we have)−0.058%−$6 · spread now +0.113%, 7d avg −0.015%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Kraken Futures is 0.128% dearer against OKX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.015%. The two prices were read 55 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 -0.017% in total (about -0.9% 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 | OKX SUSHI-USDT-SWAP | 0.2520 | 0.0100 | pay 0.0100% / 8h | 2h 06m | $1.6M | $3.2M | 50x |
| Short | Kraken Futures PF_SUSHIUSD | 0.2523 | 0.0325 | get 0.0041% / 1h | 6m 23s | $758K | $81K | 20x |
OKX SUSHI-USDT-SWAP
Kraken Futures PF_SUSHIUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- $47.22
- Price spread: +0.113% → −0.015%
- $12.78
- Slippage, 4 orders
- −$78.65
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$38.66
- Costs to cover
- 0.987%
- Break-even
- 12.7 days
Slippage from OKX: live order book, 1 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 OKX live order book, 1 min ago | 1.98 bp | 13.5 bp −$13 | 42.6 bp −$426 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 17 min ago | 15.72 bp | 30.8 bp −$31 | 257.9 bp −$2,579 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SUSHI/USDC PERP | +0.0033% | 1h | 0.2545 | +0.992% | $16 | $18K | 5.5x | as long as short |
| Bitget SUSHIUSDT | +0.0053% | 8h | 0.2519 | −0.040% | $987K | $752K | 50x | as long as short |
| Hyperliquid SUSHI | +0.0100% | 1h | 0.2518 | −0.087% | $344K | $407K | 3x | as long as short |
| Aster SUSHIUSDT | +0.0100% | 8h | 0.2519 | −0.040% | $23K | $17K | 5x | as long as short |
| Binance SUSHIUSDT | +0.0100% | 8h | 0.2516 | −0.159% | $3.8M | $9.4M | 75x | as long as short |
| Bybit SUSHIUSDT | +0.0100% | 8h | 0.2517 | −0.103% | $2.6M | $2.6M | 75x | as long as short |
| OKX SUSHI-USDT-SWAPlong | +0.0100% | 8h | 0.2520 | long leg | $1.6M | $3.2M | 50x | |
| Gate SUSHI_USDT | +0.0100% | 8h | 0.2522 | +0.079% | $569K | $327K | 50x | as long as short |
| MEXC SUSHI_USDT | +0.0100% | 8h | 0.2518 | −0.079% | $1.3M | $378K | 75x | as long as short |
| KuCoin SUSHIUSDTM | +0.0100% | 8h | 0.2519 | −0.040% | $1.1M | $249K | 50x | as long as short |
Injective SUSHI/USDC PERP
Bitget SUSHIUSDT
Hyperliquid SUSHI
Aster SUSHIUSDT
Binance SUSHIUSDT
Bybit SUSHIUSDT
Gate SUSHI_USDT
MEXC SUSHI_USDT
KuCoin SUSHIUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SUSHI-USDT | +0.0100% | 8h | 0.2520 | 0.000% | — | $2.5M | — | as long as short |
| Variational Omni SUSHI | +0.0100% | 8h | 0.2521 | +0.037% | $41K | $15K | — | as long as short |
| HTX SUSHI-USDT | +0.0100% | 8h | 0.2524 | +0.159% | $85K | $61K | 75x | as long as short |
| BloFin SUSHI-USDT | +0.0101% | 8h | 0.2525 | +0.198% | $209K | $64K | 75x | as long as short |
| Kraken Futures PF_SUSHIUSDshort | +0.0325% | 1h | 0.2523 | +0.113% | $758K | $81K | 20x |
BingX SUSHI-USDT
Variational Omni SUSHI
HTX SUSHI-USDT
BloFin SUSHI-USDT