Funding you earn now, next payment 12:00 UTC+0.0190%/8h= +20.8% APRpaid last 24h +0.034%
Price spread now: Kraken Futures against SunX−0.146%7-day average −0.082% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.146%, 7d avg −0.082%
=Funding pays, the price is against you. Kraken Futures is 0.064% cheaper against SunX than usual: you would sell low and buy high (spread −0.146% now, against its 7-day average of −0.082%). If the spread goes back, that is −$6 on $10k: about 27 hours of funding at the current rate (+$6 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.018% in total (about -0.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX TSLAX-USDT | 378.72 | 0 | get 0.0000% / 8h | 4h 11m | $917 | $5.5M | 10x |
| Short | Kraken Futures PF_TSLAXUSD | 378.17 | 0.0190 | get 0.0024% / 1h | 11m 00s | $719K | $752K | 20x |
SunX TSLAX-USDT
Kraken Futures PF_TSLAXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against SunX. 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
- $39.94
- Price spread: −0.146% → −0.082%
- −$6.38
- Slippage, 4 orders
- no order book: not counted
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $15.55
- Costs to cover
- 0.180%
- Break-even
- 4.3 days
Slippage unknown: SunX: live order book, 11 min ago; Kraken Futures: live order book, 30 min ago. Net counts fees only.
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 SunX live order book, 11 min ago | 500.13 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 30 min ago | 5.16 bp | 16.4 bp −$16 | 34.8 bp −$348 | doesn't fit | doesn't fit |
TSLAX on 3 exchanges
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-USDTlong | 0.0000% | 8h | 378.72 | long leg | $917 | $5.5M | 10x | |
| HTX TSLAX-USDT | 0.0000% | 8h | 378.74 | +0.005% | $90K | $258K | 30x | as long as short |
| Kraken Futures PF_TSLAXUSDshort | +0.0190% | 1h | 378.17 | −0.146% | $719K | $752K | 20x |
HTX TSLAX-USDT