Funding you earn now, next payment 04:00 UTC−0.0872%/8h= −95.5% APRpaid last 24h −0.131%
Price spread now: BingX against Kraken Futures−0.214%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and BingX is 0.214% cheaper against Kraken Futures than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZRXUSD | 0.1205 | 0.0972 | pay 0.0122% / 1h | 45m 03s | $39K | $4K | 10x |
| Short | BingX ZRX-USDT | 0.1202 | 0.0100 | get 0.0050% / 4h | 45m 03s | — | $2.3M | — |
Kraken Futures PF_ZRXUSD
BingX ZRX-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
- −$183.16
- Price spread: −0.214% → 0.000%
- −$21.37
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$224.53
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; BingX: live order book, 3 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 3 min ago | 12.52 bp | 39.4 bp −$39 | 80.0 bp −$800 | 395.1 bp −$39.5K | 924.4 bp −$462.2K |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ZRX on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZRXUSDTM | +0.0078% | 4h | 0.1200 | −0.380% | $323K | $45K | 30x | as long as short |
| BloFin ZRX-USDT | +0.0098% | 4h | 0.1199 | −0.463% | $95K | $23K | 50x | as long as short |
| Binance ZRXUSDT | +0.0100% | 4h | 0.1200 | −0.353% | $1.8M | $1.3M | 50x | as long as short |
| Bybit ZRXUSDT | +0.0100% | 8h | 0.1200 | −0.363% | $1.4M | $345K | 25x | as long as short |
| OKX ZRX-USDT-SWAP | +0.0100% | 4h | 0.1202 | −0.255% | $528K | $344K | 20x | as long as short |
| Gate ZRX_USDT | +0.0100% | 8h | 0.1198 | −0.504% | $145K | $42K | 75x | as long as short |
| MEXC ZRX_USDT | +0.0100% | 4h | 0.1200 | −0.380% | $907K | $168K | 50x | as long as short |
| Bitget ZRXUSDT | +0.0100% | 4h | 0.1200 | −0.380% | $577K | $122K | 50x | as long as short |
| BingX ZRX-USDTshort | +0.0100% | 4h | 0.1202 | −0.214% | — | $2.3M | — | |
| Variational Omni ZRX | +0.0100% | 8h | 0.1200 | −0.411% | $23K | $18K | — | as long as short |
KuCoin ZRXUSDTM
BloFin ZRX-USDT
Binance ZRXUSDT
Bybit ZRXUSDT
OKX ZRX-USDT-SWAP
Gate ZRX_USDT
MEXC ZRX_USDT
Bitget ZRXUSDT
Variational Omni ZRXShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZRXUSDlong | +0.0972% | 1h | 0.1205 | long leg | $39K | $4K | 10x |