Funding you earn now, next payment 01:00 UTC−0.0791%/8h= −86.6% APRpaid last 24h −0.275%
Price spread now: Bitget against Kraken Futures+0.008%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$1611.609% of the position
Funding, last 7 days+0.315%+$31 on $10k
+Price spread, last 3 days (all we have)−0.025%−$2 · spread now +0.008%, 7d avg +0.024%
=The price spread sits at its 7-day average of +0.024%, so right now this pair is about funding alone: −$24 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.315%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.315% in total (about 16.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SYNUSD | 0.2462 | 0.0891 | pay 0.0111% / 1h | 43m 10s | $194K | $530K | 10x |
| Short | Bitget SYNUSDT | 0.2462 | 0.0100 | get 0.0050% / 4h | 3h 43m | $1.4M | $3.3M | 10x |
Kraken Futures PF_SYNUSD
Bitget SYNUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$166.16
- Price spread: +0.008% → +0.024%
- −$1.59
- Slippage, 4 orders
- −$138.86
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$328.61
- Costs to cover
- 1.609%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 30 min ago; Bitget: live order book, 5 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, 30 min ago | 32.14 bp | 41.8 bp −$42 | 281.1 bp −$2,811 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 8.58 bp | 40.6 bp −$41 | 209.6 bp −$2,096 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SYNUSDTshort | +0.0100% | 4h | 0.2462 | +0.008% | $1.4M | $3.3M | 10x | |
| Orderly PERP_SYN_USDC_mythos | +0.0100% | 4h | 0.2460 | −0.093% | $4K | $41K | 10x | as long as short |
| Phemex SYNUSDT | +0.0100% | 4h | 0.2468 | +0.224% | $1.6M | $1.7M | 50x | as long as short |
| BingX SYN-USDT | +0.0164% | 4h | 0.2459 | −0.130% | — | $3.2M | — | as long as short |
| MEXC SYN_USDT | +0.0170% | 4h | 0.2466 | +0.159% | $2.8M | $7.4M | 50x | as long as short |
| Binance SYNUSDT | +0.0171% | 4h | 0.2467 | +0.199% | $12.6M | $40.6M | 10x | as long as short |
| Kraken Futures PF_SYNUSDlong | +0.0891% | 1h | 0.2462 | long leg | $194K | $530K | 10x | |
| Aster SYNUSDT | +0.1288% | 4h | 0.2457 | −0.207% | $2.7M | $813K | 5x | as long as short |
Orderly PERP_SYN_USDC_mythos
Phemex SYNUSDT
BingX SYN-USDT
MEXC SYN_USDT
Binance SYNUSDT
Aster SYNUSDT