Funding you earn now, next payment 22:00 UTC−0.0198%/8h= −21.7% APRpaid last 24h +0.292%
Price spread now: Kraken Futures against BingX−0.214%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$259as in the Funding arb table
Net, price: spread back to 7d avg − costs−$228as in the Price arb table
costs, in and out, $10k−$2062.059% of the position
Funding, last 7 days−0.535%−$53 on $10k
+Price spread, last 3 days (all we have)−0.028%−$3 · spread now −0.214%, 7d avg +0.004%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Kraken Futures is 0.218% cheaper against BingX than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.004%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX SYN-USDT | 0.2656 | 0.0100 | pay 0.0050% / 4h | 2h 51m | — | $3.0M | — |
| Short | Kraken Futures PF_SYNUSD | 0.2651 | −0.0098 | pay 0.0012% / 1h | 51m 21s | $211K | $495K | 10x |
BingX SYN-USDT
Kraken Futures PF_SYNUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- −$41.65
- Price spread: −0.214% → +0.004%
- −$21.79
- Slippage, 4 orders
- −$185.91
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$269.36
- Costs to cover
- 2.059%
- Break-even
- never at this rate
Slippage from BingX: live order book, 14 min ago; Kraken Futures: live order book, 36 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 BingX live order book, 14 min ago | 4.39 bp | 32.3 bp −$32 | 135.9 bp −$1,359 | 654.4 bp −$65.4K | doesn't fit |
| Sell Kraken Futures live order book, 36 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 | −0.0098% | 1h | 0.2651 | −0.214% | $211K | $495K | 10x | |
| MEXC SYN_USDT | +0.0100% | 4h | 0.2658 | +0.068% | $3.3M | $6.8M | 50x | as long as short |
| Bitget SYNUSDT | +0.0100% | 4h | 0.2652 | −0.154% | $1.6M | $3.0M | 10x | as long as short |
| BingX SYN-USDTlong | +0.0100% | 4h | 0.2656 | long leg | — | $3.0M | — | |
| Orderly PERP_SYN_USDC_mythos | +0.0100% | 4h | 0.2654 | −0.090% | $5K | $36K | 10x | as long as short |
| Phemex SYNUSDT | +0.0100% | 4h | 0.2649 | −0.275% | $1.7M | $1.7M | 50x | as long as short |
| Binance SYNUSDT | +0.0103% | 4h | 0.2656 | −0.026% | $13.6M | $38.5M | 10x | as long as short |
| Aster SYNUSDT | +0.1534% | 4h | 0.2653 | −0.119% | $3.0M | $796K | 5x | as long as short |
MEXC SYN_USDT
Bitget SYNUSDT
Orderly PERP_SYN_USDC_mythos
Phemex SYNUSDT
Binance SYNUSDT
Aster SYNUSDT