Funding you earn now, next payment 01:00 UTC+0.2602%/8h= +284.9% APRpaid last 24h +0.199%
Price spread now: BingX against Kraken Futures−0.370%7-day average −0.159% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1281.277% of the position
Funding, last 7 days+1.078%+$108 on $10k
+Price spread, last 3 days (all we have)−0.003%$0 · spread now −0.370%, 7d avg −0.159%
=Funding pays, the price is against you. BingX is 0.211% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.370% now, against its 7-day average of −0.159%). If the spread goes back, that is −$21 on $10k: about 6 hours of funding at the current rate (+$78 a day). At the pace of the last 7 days (+1.078% in total) that is about 33 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.078% in total (about 56.2% 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_EGLDUSD | 4.4023 | −0.2502 | get 0.0313% / 1h | 48m 42s | $440K | $719K | 20x |
| Short | BingX EGLD-USDT | 4.3860 | 0.0100 | get 0.0100% / 8h | 7h 48m | — | $2.9M | — |
Kraken Futures PF_EGLDUSD
BingX EGLD-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
- $546.46
- Price spread: −0.370% → −0.159%
- −$21.12
- Slippage, 4 orders
- −$107.65
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $397.69
- Costs to cover
- 1.277%
- Break-even
- 1.9 days
Slippage from Kraken Futures: live order book, 24 min ago; BingX: live order book, 6 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, 24 min ago | 19.63 bp | 37.9 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 4.55 bp | 20.3 bp −$20 | 49.0 bp −$490 | 124.6 bp −$12.5K | 914.1 bp −$457.0K |
EGLD on 12 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_EGLDUSDlong | −0.2502% | 1h | 4.4023 | long leg | $440K | $719K | 20x | |
| Injective EGLD/USDC PERP | +0.0033% | 1h | 3.6600 | −16.861% | $16 | $46K | 5.5x | as long as short |
| Binance EGLDUSDT | +0.0100% | 8h | 4.3839 | −0.417% | $4.8M | $27.2M | 75x | as long as short |
| Bybit EGLDUSDT | +0.0100% | 8h | 4.3800 | −0.506% | $2.7M | $8.9M | 75x | as long as short |
| OKX EGLD-USDT-SWAP | +0.0100% | 8h | 4.3910 | −0.256% | $632K | $5.3M | 20x | as long as short |
| Gate EGLD_USDT | +0.0100% | 8h | 4.3930 | −0.211% | $520K | $678K | 30x | as long as short |
| MEXC EGLD_USDT | +0.0100% | 8h | 4.3840 | −0.415% | $4.3M | $3.4M | 125x | as long as short |
| KuCoin EGLDUSDTM | +0.0100% | 8h | 4.3930 | −0.211% | $2.7M | $1.4M | 50x | as long as short |
| Bitget EGLDUSDT | +0.0100% | 8h | 4.3890 | −0.302% | $2.2M | $4.3M | 75x | as long as short |
| BingX EGLD-USDTshort | +0.0100% | 8h | 4.3860 | −0.370% | — | $2.9M | — |
Injective EGLD/USDC PERP
Binance EGLDUSDT
Bybit EGLDUSDT
OKX EGLD-USDT-SWAP
Gate EGLD_USDT
MEXC EGLD_USDT
KuCoin EGLDUSDTM
Bitget EGLDUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni EGLD | +0.0100% | 8h | 4.3828 | −0.442% | $17K | $56K | — | as long as short |
| BloFin EGLD-USDT | +0.0220% | 8h | 4.3900 | −0.279% | $225K | $473K | 75x | as long as short |
Variational Omni EGLD
BloFin EGLD-USDT