Funding you earn now, next payment 03:00 UTC−0.0643%/8h= −70.4% APRpaid last 24h −0.088%
Price spread now: BingX against Kraken Futures−0.060%7-day average −0.143% · you buy dearer than you sell
Net, funding: paid 7d − costs−$194as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1511.508% of the position
Funding, last 7 days−0.432%−$43 on $10k
+Price spread, last 4 days (all we have)−0.421%−$42 · spread now −0.060%, 7d avg −0.143%
=The price spread pays, funding is against you. BingX is 0.083% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.060% now, against its 7-day average of −0.143%): +$8 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.432% in total) that is about 32 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.432% in total (about -22.5% 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_DYDXUSD | 0.1382 | 0.0743 | pay 0.0093% / 1h | 30m 13s | $313K | $351K | 20x |
| Short | BingX DYDX-USDT | 0.1381 | 0.0100 | get 0.0100% / 8h | 5h 30m | — | $3.0M | — |
Kraken Futures PF_DYDXUSD
BingX DYDX-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
- −$134.99
- Price spread: −0.060% → −0.143%
- $8.26
- Slippage, 4 orders
- −$130.83
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$277.56
- Costs to cover
- 1.508%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 32 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, 32 min ago | 6.90 bp | 76.1 bp −$76 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 10.90 bp | 23.3 bp −$23 | 55.2 bp −$552 | 309.4 bp −$30.9K | 624.6 bp −$312.3K |
DYDX on 21 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 DYDX/USDC PERP | −0.0118% | 1h | 0.1380 | −0.132% | $6K | $52K | 12x | as long as short |
| Lighter DYDX | +0.0096% | 1h | 0.1381 | −0.024% | $62K | $48K | 5x | as long as short |
| Hyperliquid DYDX | +0.0100% | 1h | 0.1384 | +0.179% | $2.1M | $719K | 5x | as long as short |
| Aster DYDXUSDT | +0.0100% | 8h | 0.1383 | +0.105% | $5K | $11K | 5x | as long as short |
| Binance DYDXUSDT | +0.0100% | 8h | 0.1381 | −0.070% | $5.3M | $8.3M | 75x | as long as short |
| Bybit DYDXUSDT | +0.0100% | 8h | 0.1380 | −0.161% | $4.6M | $2.4M | 75x | as long as short |
| OKX DYDX-USDT-SWAP | +0.0100% | 8h | 0.1382 | −0.002% | $2.2M | $3.3M | 20x | as long as short |
| Arcus DYDX-USD | +0.0100% | 1h | 0.1384 | +0.157% | $54K | $20K | 5x | as long as short |
| Gate DYDX_USDT | +0.0100% | 8h | 0.1381 | −0.060% | $390K | $462K | 75x | as long as short |
| MEXC DYDX_USDT | +0.0100% | 8h | 0.1381 | −0.060% | $3.1M | $810K | 125x | as long as short |
Injective DYDX/USDC PERP
Lighter DYDX
Hyperliquid DYDX
Aster DYDXUSDT
Binance DYDXUSDT
Bybit DYDXUSDT
OKX DYDX-USDT-SWAP
Arcus DYDX-USD
Gate DYDX_USDT
MEXC DYDX_USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin DYDXUSDTM | +0.0100% | 8h | 0.1382 | +0.012% | $2.4M | $3.8M | 50x | as long as short |
| Bitget DYDXUSDT | +0.0100% | 8h | 0.1381 | −0.060% | $1.4M | $1.1M | 10x | as long as short |
| BingX DYDX-USDTshort | +0.0100% | 8h | 0.1381 | −0.060% | — | $3.0M | — | |
| Extended DYDX-USD | +0.0104% | 1h | 0.1380 | −0.099% | $4K | $106K | 10x | as long as short |
| Aevo DYDX-PERP | +0.0104% | 1h | 0.1380 | −0.123% | $50K | — | 3x | as long as short |
| BloFin DYDX-USDT | +0.0127% | 8h | 0.1381 | −0.060% | $300K | $12K | 75x | as long as short |
| GMX DYDX/USD [WBTC.b-USDC] | L +0.0187% / S −0.0526% | 1h | 0.1381 | −0.089% | $936 | — | 100x | as long as short |
| Deribit DYDX_USDC-PERPETUAL | +0.0475% | 1h | 0.1381 | −0.060% | — | — | 25x | as long as short |
| Kraken Futures PF_DYDXUSDlong | +0.0743% | 1h | 0.1382 | long leg | $313K | $351K | 20x | |
| Coinbase International DYDX-PERP-INTX | +0.0840% | 1h | 0.1385 | +0.229% | $17K | $37K | 50x | as long as short |
| dYdX DYDX-USD | +0.2946% | 1h | 0.1382 | −0.009% | $79K | $2K | 5x | as long as short |
KuCoin DYDXUSDTM
Bitget DYDXUSDT
Extended DYDX-USD
Aevo DYDX-PERP
BloFin DYDX-USDT
GMX DYDX/USD [WBTC.b-USDC]
Deribit DYDX_USDC-PERPETUAL
Coinbase International DYDX-PERP-INTX
dYdX DYDX-USD