Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 28,679.3 | +0.7648 | pay 0.0956% / 1h | 7m 44s | $163K | $64K | 20x | Long Kraken Futures | |
| SHORT | 28,488.5 | +0.0050 | get 0.0006% / 1h | 7m 44s | — | $1.0M | 20x | Short SunX≤10% back |
Price gap−0.665%
Funding gap−0.7598% /8h
Both sides work against this direction now: funding costs $228 a day on $10k and the gap is 0.661% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$150−0.7598% /8h now · paid −1.498% over the last 7D
Price−$66spread −0.665% now, avg −0.004% → −0.661% if it goes back
Costs−$6326.321% 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 −1.498% in total, about −0.0713%/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−0.665%
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
/8hNAS100 on 22 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size323.1 / 67.2 bpAt $10k entering Kraken Futures costs 323.1 bp, fee and slippage, 4.8× SunX’s.
- Note: Margin at max leverage$500 + $500Kraken Futures 20x, SunX 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$227.95Long Kraken Futures: 24 payments, −$229.45; short SunX: 24 payments, +$1.50.
- Watch: Gap narrower than usual−0.665% vs −0.004%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner— vs $163K 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−0.0713%/8h × 21 periods−$149.78
Price spread−0.665% → −0.004% (7d avg)−$66.14
Slippage, 4 orderslive order books−$614.14
Fee Kraken Futures bp × 2 orders−$10.00
Fee SunX bp × 2 orders−$8.00
Net · 7 days · $10k−$848.06
Costs to cover6.321%Break-evennever at this rate
Slippage: Kraken Futures: live order book, 19 min ago; SunX: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKraken Futures46.50323.1 bp−$323doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTSunX63.1667.2 bp−$6796.9 bp−$969doesn’t fitdoesn’t fit
Closing costs about the same again.
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