Funding you earn now, next payment 22:00 UTC−0.0201%/8h= −22.0% APRpaid last 24h +0.292%
Price spread now: Kraken Futures against Binance−0.572%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$263as in the Funding arb table
Net, price: spread back to 7d avg − costs−$258as in the Price arb table
costs, in and out, $10k−$2012.005% of the position
Funding, last 7 days−0.629%−$63 on $10k
+Price spread, last 3 days (all we have)+0.446%+$45 · spread now −0.572%, 7d avg +0.007%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Kraken Futures is 0.579% cheaper against Binance than usual: you would sell low and buy high (−$58 if the spread goes back to its 7-day average of +0.007%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SYNUSDT | 0.2603 | 0.0100 | pay 0.0050% / 4h | 2h 45m | $13.4M | $38.6M | 10x |
| Short | Kraken Futures PF_SYNUSD | 0.2588 | −0.0101 | pay 0.0013% / 1h | 45m 15s | $206K | $495K | 10x |
Binance SYNUSDT
Kraken Futures PF_SYNUSDFunding 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
- −$42.15
- Price spread: −0.572% → +0.007%
- −$57.88
- Slippage, 4 orders
- −$180.53
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$300.57
- Costs to cover
- 2.005%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; Kraken Futures: live order book, 42 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, 12 min ago | 0.19 bp | 27.1 bp −$27 | 170.1 bp −$1,701 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 42 min ago | 66.70 bp | 76.7 bp −$77 | doesn't fit | doesn't fit | doesn't fit |
SYN on 8 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_SYNUSDshort | −0.0101% | 1h | 0.2588 | −0.572% | $206K | $495K | 10x | |
| Binance SYNUSDTlong | +0.0100% | 4h | 0.2603 | long leg | $13.4M | $38.6M | 10x | |
| MEXC SYN_USDT | +0.0100% | 4h | 0.2606 | +0.131% | $3.2M | $6.8M | 50x | as long as short |
| Bitget SYNUSDT | +0.0100% | 4h | 0.2596 | −0.261% | $1.5M | $3.1M | 10x | as long as short |
| Orderly PERP_SYN_USDC_mythos | +0.0100% | 4h | 0.2603 | 0.000% | $5K | $36K | 10x | as long as short |
| Phemex SYNUSDT | +0.0100% | 4h | 0.2613 | +0.407% | $1.7M | $1.7M | 50x | as long as short |
| BingX SYN-USDT | +0.0110% | 4h | 0.2600 | −0.084% | — | $3.1M | — | as long as short |
| Aster SYNUSDT | +0.1486% | 4h | 0.2619 | +0.614% | $2.9M | $797K | 5x | as long as short |
MEXC SYN_USDT
Bitget SYNUSDT
Orderly PERP_SYN_USDC_mythos
Phemex SYNUSDT
BingX SYN-USDT
Aster SYNUSDT