Funding you earn now, next payment 23:00 UTC−0.0195%/8h= −21.4% APRpaid last 24h +0.294%
Price spread now: Kraken Futures against Bitget+0.068%7-day average −0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$233as in the Funding arb table
Net, price: spread back to 7d avg − costs−$187as in the Price arb table
costs, in and out, $10k−$1961.960% of the position
Funding, last 7 days−0.371%−$37 on $10k
+Price spread, last 3 days (all we have)−0.133%−$13 · spread now +0.068%, 7d avg −0.022%
=The price spread pays, funding is against you. Kraken Futures is 0.091% dearer against Bitget than usual: you sell high and buy low (spread +0.068% now, against its 7-day average of −0.022%): +$9 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 37 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SYNUSDT | 0.2652 | 0.0100 | pay 0.0050% / 4h | 1h 55m | $1.6M | $3.1M | 10x |
| Short | Kraken Futures PF_SYNUSD | 0.2654 | −0.0095 | pay 0.0012% / 1h | 55m 21s | $212K | $481K | 10x |
Bitget SYNUSDT
Kraken Futures PF_SYNUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. 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
- −$40.96
- Price spread: +0.068% → −0.022%
- $9.05
- Slippage, 4 orders
- −$174
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$227.91
- Costs to cover
- 1.960%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; Kraken Futures: live order book, 27 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 Bitget live order book, 2 min ago | 7.53 bp | 28.6 bp −$29 | 379.8 bp −$3,798 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 27 min ago | 43.50 bp | 59.8 bp −$60 | 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 | −0.0095% | 1h | 0.2654 | +0.068% | $212K | $481K | 10x | |
| Bitget SYNUSDTlong | +0.0100% | 4h | 0.2652 | long leg | $1.6M | $3.1M | 10x | |
| Orderly PERP_SYN_USDC_mythos | +0.0100% | 4h | 0.2649 | −0.128% | $4K | $41K | 10x | as long as short |
| Phemex SYNUSDT | +0.0100% | 4h | 0.2649 | −0.106% | $1.7M | $1.7M | 50x | as long as short |
| BingX SYN-USDT | +0.0134% | 4h | 0.2645 | −0.279% | — | $3.1M | — | as long as short |
| MEXC SYN_USDT | +0.0136% | 4h | 0.2645 | −0.271% | $3.4M | $6.9M | 50x | as long as short |
| Binance SYNUSDT | +0.0136% | 4h | 0.2648 | −0.146% | $13.6M | $39.3M | 10x | as long as short |
| Aster SYNUSDT | +0.1537% | 4h | 0.2654 | +0.068% | $3.0M | $815K | 5x | as long as short |
Orderly PERP_SYN_USDC_mythos
Phemex SYNUSDT
BingX SYN-USDT
MEXC SYN_USDT
Binance SYNUSDT
Aster SYNUSDT