Funding you earn now, next payment 22:00 UTC−0.0945%/8h= −103.5% APRpaid last 24h −0.053%
Price spread now: Kraken Futures against BingX−0.008%7-day average +0.100% · you buy dearer than you sell
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1181.182% of the position
Funding, last 7 days−0.243%−$24 on $10k
+Price spread, last 3 days (all we have)+0.132%+$13 · spread now −0.008%, 7d avg +0.100%
=Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and Kraken Futures is 0.109% cheaper against BingX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.100%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.243% in total (about -12.7% 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 | BingX COMP-USDT | 22.460 | 0.0100 | pay 0.0100% / 8h | 2h 14m | — | $36.4M | — |
| Short | Kraken Futures PF_COMPUSD | 22.458 | −0.0845 | pay 0.0106% / 1h | 14m 00s | $236K | $84K | 20x |
BingX COMP-USDT
Kraken Futures PF_COMPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- −$198.53
- Price spread: −0.008% → +0.100%
- −$10.85
- Slippage, 4 orders
- −$98.16
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$327.54
- Costs to cover
- 1.182%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; Kraken Futures: live order book, 8 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 BingX live order book, 10 min ago | 6.67 bp | 22.0 bp −$22 | 49.8 bp −$498 | 390.0 bp −$39.0K | 524.5 bp −$262.3K |
| Sell Kraken Futures live order book, 8 min ago | 13.98 bp | 37.0 bp −$37 | 104.0 bp −$1,040 | doesn't fit | doesn't fit |
COMP on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COMP/USDC PERP | −0.1289% | 1h | 22.200 | −1.158% | $3K | $12K | 12x | as long as short |
| Deribit COMP_USDC-PERPETUAL | −0.1086% | 1h | 22.420 | −0.178% | $229 | $229 | 50x | as long as short |
| Kraken Futures PF_COMPUSDshort | −0.0845% | 1h | 22.458 | −0.008% | $236K | $84K | 20x | |
| Coinbase International COMP-PERP-INTX | −0.0024% | 1h | 22.530 | +0.312% | $18K | $53K | 25x | as long as short |
| dYdX COMP-USD | 0.0000% | 1h | 22.448 | −0.052% | $68K | — | 5x | as long as short |
| Hyperliquid COMP | +0.0100% | 1h | 22.436 | −0.107% | $841K | $519K | 5x | as long as short |
| Binance COMPUSDT | +0.0100% | 8h | 22.410 | −0.223% | $4.2M | $7.9M | 75x | as long as short |
| Bybit COMPUSDT | +0.0100% | 8h | 22.410 | −0.223% | $3.8M | $2.1M | 75x | as long as short |
| OKX COMP-USDT-SWAP | +0.0100% | 8h | 22.440 | −0.089% | $1.6M | $2.3M | 20x | as long as short |
| Gate COMP_USDT | +0.0100% | 8h | 22.410 | −0.223% | $219K | $83K | 25x | as long as short |
Injective COMP/USDC PERP
Deribit COMP_USDC-PERPETUAL
Coinbase International COMP-PERP-INTX
dYdX COMP-USD
Hyperliquid COMP
Binance COMPUSDT
Bybit COMPUSDT
OKX COMP-USDT-SWAP
Gate COMP_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC COMP_USDT | +0.0100% | 8h | 22.410 | −0.223% | $2.7M | $861K | 20x | as long as short |
| KuCoin COMPUSDTM | +0.0100% | 8h | 22.440 | −0.089% | $453K | $102K | 30x | as long as short |
| Bitget COMPUSDT | +0.0100% | 8h | 22.430 | −0.134% | $1.9M | $754K | 75x | as long as short |
| BingX COMP-USDTlong | +0.0100% | 8h | 22.460 | long leg | — | $36.4M | — | |
| Variational Omni COMP | +0.0100% | 8h | 22.414 | −0.205% | $15K | $37K | — | as long as short |
| BloFin COMP-USDT | +0.0120% | 8h | 22.440 | −0.089% | $238K | $149K | 20x | as long as short |
MEXC COMP_USDT
KuCoin COMPUSDTM
Bitget COMPUSDT
Variational Omni COMP
BloFin COMP-USDT