Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 70.625 | +0.1471 | pay 0.0184% / 1h | 54m 53s | $972K | $1.8M | 20x | Long Kraken Futures | |
| SHORT | 70.710 | 0 | 0.0000% / 8h | 6h 54m | $11K | $2.0M | 10x | Short SunX≤10% back |
Price gap+0.121%
Funding gap−0.1471% /8h
The gap pays +$2 on $10k if it goes back to its 7d average, but funding costs $44 a day and eats that in about 1 hour. At the last 7 days' pace that is about 8 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$43−0.1471% /8h now · paid −0.434% over the last 7D
Price+$2spread +0.121% now, avg +0.100% → +0.021% if it goes back
Costs−$1011.009% of $10k · taker + slippage, in and out
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.434% in total, about −0.0207%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.121%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hINTC on 43 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size28.5 / 24.8 bpAt $10k entering Kraken Futures costs 28.5 bp, fee and slippage, 1.1× SunX’s.
- Note: Margin at max leverage$500 + $1,000Kraken Futures 20x, SunX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$44.13Long Kraken Futures: 24 payments, −$44.13; short SunX: 3 payments, $0.00.
- OK: Entry gap works for you+0.121% vs +0.100%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$11K vs $972K OISunX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCKraken Futures Yes · SunX NoFull verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0207%/8h × 21 periods−$43.44
Price spread+0.121% → +0.100% (7d avg)+$2.13
Slippage, 4 orderslive order books−$82.90
Fee Kraken Futures bp × 2 orders−$10.00
Fee SunX bp × 2 orders−$8.00
Net · 7 days · $10k−$142.20
Costs to cover1.009%Break-evennever at this rate
Slippage: Kraken Futures: live order book, 2 min ago; SunX: live order book, 7 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKraken Futures7.7928.5 bp−$29doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTSunX20.3824.8 bp−$25doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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