Funding you earn now, next payment 08:00 UTC−0.0196%/8h= −21.4% APRpaid last 24h −0.042%
Price spread now: SunX against Kraken Futures+0.139%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$940.937% of the position
Funding, last 7 days+0.045%+$5 on $10k
+Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.139%, 7d avg +0.080%
=The price spread pays, funding is against you. SunX is 0.058% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.139% now, against its 7-day average of +0.080%): +$6 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 24 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.045% in total (about 2.4% 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_TSLAXUSD | 375.99 | 0.0196 | pay 0.0024% / 1h | 22m 38s | $755K | $688K | 20x |
| Short | SunX TSLAX-USDT | 376.51 | 0 | get 0.0000% / 8h | 22m 38s | $1K | $6.2M | 10x |
Kraken Futures PF_TSLAXUSD
SunX TSLAX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$41.07
- Price spread: +0.139% → +0.080%
- $5.83
- Slippage, 4 orders
- −$75.72
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$128.96
- Costs to cover
- 0.937%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 16 min ago; SunX: live order book, 6 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, 16 min ago | 5.18 bp | 10.2 bp −$10 | 10.2 bp −$102 | doesn't fit | doesn't fit |
| Sell SunX live order book, 6 min ago | 28.27 bp | 32.3 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
TSLAX on 3 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX TSLAX-USDTshort | 0.0000% | 8h | 376.51 | +0.139% | $1K | $6.2M | 10x | |
| HTX TSLAX-USDT | 0.0000% | 8h | 376.59 | +0.160% | $97K | $203K | 30x | as long as short |
| Kraken Futures PF_TSLAXUSDlong | +0.0196% | 1h | 375.99 | long leg | $755K | $688K | 20x |
HTX TSLAX-USDT