Funding you earn now, next payment 03:00 UTC+0.0246%/8h= +27.0% APRpaid last 24h −0.266%
Price spread now: Binance against Kraken Futures+0.207%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$1201.202% of the position
Funding, last 7 days+0.546%+$55 on $10k
+Price spread, last 4 days (all we have)+0.085%+$9 · spread now +0.207%, 7d avg −0.002%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Binance is 0.209% dearer against Kraken Futures than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SYNUSD | 0.2339 | −0.0146 | get 0.0018% / 1h | 16m 01s | $195K | $574K | 10x |
| Short | Binance SYNUSDT | 0.2344 | 0.0100 | get 0.0050% / 4h | 1h 16m | $11.7M | $40.9M | 10x |
Kraken Futures PF_SYNUSD
Binance SYNUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Kraken Futures. 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
- $51.69
- Price spread: +0.207% → −0.002%
- $20.92
- Slippage, 4 orders
- −$100.19
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$47.58
- Costs to cover
- 1.202%
- Break-even
- 13.4 days
Slippage from Kraken Futures: live order book, 47 min ago; Binance: live order book, 11 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 Kraken Futures live order book, 47 min ago | 22.01 bp | 33.3 bp −$33 | 361.9 bp −$3,619 | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 0.64 bp | 23.7 bp −$24 | 153.3 bp −$1,533 | 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_SYNUSDlong | −0.0146% | 1h | 0.2339 | long leg | $195K | $574K | 10x | |
| Binance SYNUSDTshort | +0.0100% | 4h | 0.2344 | +0.207% | $11.7M | $40.9M | 10x | |
| MEXC SYN_USDT | +0.0100% | 4h | 0.2340 | +0.040% | $2.7M | $7.7M | 50x | as long as short |
| Bitget SYNUSDT | +0.0100% | 4h | 0.2341 | +0.096% | $1.3M | $3.1M | 10x | as long as short |
| Orderly PERP_SYN_USDC_mythos | +0.0100% | 4h | 0.2341 | +0.087% | $4K | $38K | 10x | as long as short |
| Phemex SYNUSDT | +0.0100% | 4h | 0.2341 | +0.079% | $1.5M | $1.8M | 50x | as long as short |
| BingX SYN-USDT | +0.0126% | 4h | 0.2341 | +0.096% | — | $3.2M | — | as long as short |
| Aster SYNUSDT | +0.1053% | 4h | 0.2342 | +0.116% | $2.6M | $827K | 5x | as long as short |
MEXC SYN_USDT
Bitget SYNUSDT
Orderly PERP_SYN_USDC_mythos
Phemex SYNUSDT
BingX SYN-USDT
Aster SYNUSDT