Funding you earn now, next payment 07:00 UTC+0.2736%/8h= +299.6% APRpaid last 24h +0.316%
Price spread now: BingX against Kraken Futures−0.073%7-day average −0.119% · you buy dearer than you sell
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1551.553% of the position
Funding, last 7 days+1.457%+$146 on $10k
+Price spread, last 4 days (all we have)+0.198%+$20 · spread now −0.073%, 7d avg −0.119%
=Both sides work for this trade now. Funding pays +$82 a day on $10k at the current rate, and BingX is 0.046% dearer against Kraken Futures than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.119%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.457% in total (about 76.0% 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_ARUSD | 4.2821 | −0.2636 | get 0.0329% / 1h | 59m 36s | $53K | $182K | 20x |
| Short | BingX AR-USDT | 4.2790 | 0.0100 | get 0.0100% / 8h | 59m 36s | — | $2.8M | — |
Kraken Futures PF_ARUSD
BingX AR-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
- $574.51
- Price spread: −0.073% → −0.119%
- $4.59
- Slippage, 4 orders
- −$135.26
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $423.84
- Costs to cover
- 1.553%
- Break-even
- 1.8 days
Slippage from Kraken Futures: live order book, 43 min ago; BingX: live order book, 5 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, 43 min ago | 44.95 bp | 63.0 bp −$63 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 4.69 bp | 20.5 bp −$21 | 46.5 bp −$465 | 323.2 bp −$32.3K | 725.9 bp −$363.0K |
AR on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ARUSDlong | −0.2636% | 1h | 4.2821 | long leg | $53K | $182K | 20x | |
| GMX AR/USD [WBTC.b-USDC] | L −0.0140% / S +0.0550% | 1h | 4.2824 | +0.007% | $550K | — | 50x | as long as short |
| Injective AR/USDC PERP | +0.0033% | 1h | 4.4240 | +3.313% | $2K | $5K | 5.5x | as long as short |
| Aster ARUSDT | +0.0100% | 8h | 4.2794 | −0.063% | $32K | $403K | 10x | as long as short |
| Binance ARUSDT | +0.0100% | 8h | 4.2780 | −0.096% | $8.5M | $49.9M | 75x | as long as short |
| Bybit ARUSDT | +0.0100% | 8h | 4.2781 | −0.094% | $4.4M | $9.0M | 75x | as long as short |
| OKX AR-USDT-SWAP | +0.0100% | 8h | 4.2760 | −0.143% | $2.2M | $16.5M | 20x | as long as short |
| Gate AR_USDT | +0.0100% | 8h | 4.2710 | −0.260% | $2.0M | $3.2M | 50x | as long as short |
| MEXC AR_USDT | +0.0100% | 8h | 4.2760 | −0.143% | $5.9M | $4.0M | 100x | as long as short |
| KuCoin ARUSDTM | +0.0100% | 8h | 4.2790 | −0.073% | $1.1M | $1.3M | 50x | as long as short |
GMX AR/USD [WBTC.b-USDC]
Injective AR/USDC PERP
Aster ARUSDT
Binance ARUSDT
Bybit ARUSDT
OKX AR-USDT-SWAP
Gate AR_USDT
MEXC AR_USDT
KuCoin ARUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ARUSDT | +0.0100% | 8h | 4.2720 | −0.237% | $3.7M | $5.2M | 75x | as long as short |
| BingX AR-USDTshort | +0.0100% | 8h | 4.2790 | −0.073% | — | $2.8M | — | |
| Variational Omni AR | +0.0100% | 8h | 4.2853 | +0.073% | $246K | $517K | — | as long as short |
| ApeX Omni ARUSDT | +0.0100% | 1h | 4.2890 | +0.160% | $21K | $711K | 50x | as long as short |
| Extended AR-USD | +0.0104% | 1h | 4.2768 | −0.125% | $37K | $244K | 10x | as long as short |
| BloFin AR-USDT | +0.0220% | 8h | 4.2880 | +0.137% | $416K | $449K | 20x | as long as short |
| Hyperliquid AR | +0.0552% | 1h | 4.2842 | +0.048% | $3.9M | $4.9M | 5x | as long as short |
Bitget ARUSDT
Variational Omni AR
ApeX Omni ARUSDT
Extended AR-USD
BloFin AR-USDT
Hyperliquid AR