Funding you earn now, next payment 22:00 UTC+0.0210%/8h= +23.0% APRpaid last 24h −0.292%
Price spread now: BingX against Kraken Futures+0.333%53s7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs−$157as 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−$2102.101% of the position
Funding, last 7 days+0.535%+$53 on $10k
+Price spread, last 3 days (all we have)−0.225%−$22 · spread now +0.333%, 7d avg 0.000%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BingX is 0.332% dearer against Kraken Futures than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of 0.000%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SYNUSD | 0.2610 | −0.0100 | get 0.0012% / 1h | 46m 22s | $207K | $495K | 10x |
| Short | BingX SYN-USDT | 0.2619 | 0.0110 | get 0.0055% / 4h | 2h 46m | — | $3.1M | — |
Kraken Futures PF_SYNUSD
BingX SYN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $44.07
- Price spread: +0.333% → 0.000%
- $33.24
- Slippage, 4 orders
- −$190.14
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$132.82
- Costs to cover
- 2.101%
- Break-even
- 28.1 days
Slippage from Kraken Futures: live order book, 41 min ago; BingX: live order book, 3 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, 41 min ago | 66.70 bp | 71.9 bp −$72 | 402.2 bp −$4,022 | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 7.62 bp | 30.9 bp −$31 | 121.0 bp −$1,210 | 767.8 bp −$76.8K | 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 | −0.0100% | 1h | 0.2610 | long leg | $207K | $495K | 10x | |
| Binance SYNUSDT | +0.0100% | 4h | 0.2622 | +0.470% | $13.5M | $38.5M | 10x | as long as short |
| MEXC SYN_USDT | +0.0100% | 4h | 0.2623 | +0.493% | $3.3M | $6.8M | 50x | as long as short |
| Bitget SYNUSDT | +0.0100% | 4h | 0.2623 | +0.482% | $1.6M | $3.0M | 10x | as long as short |
| Orderly PERP_SYN_USDC_mythos | +0.0100% | 4h | 0.2619 | +0.340% | $5K | $36K | 10x | as long as short |
| Phemex SYNUSDT | +0.0100% | 4h | 0.2614 | +0.137% | $1.7M | $1.7M | 50x | as long as short |
| BingX SYN-USDTshort | +0.0110% | 4h | 0.2619 | +0.333% | — | $3.1M | — | |
| Aster SYNUSDT | +0.1487% | 4h | 0.2623 | +0.493% | $2.9M | $797K | 5x | as long as short |
Binance SYNUSDT
MEXC SYN_USDT
Bitget SYNUSDT
Orderly PERP_SYN_USDC_mythos
Phemex SYNUSDT
Aster SYNUSDT