Funding you earn now, next payment 11:00 UTC+0.0401%/8h= +43.9% APRpaid last 24h −0.688%
Price spread now: BingX against Kraken Futures+0.016%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$12 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_INITUSD | 0.08455 | −0.0301 | get 0.0038% / 1h | 28m 51s | $5K | $13K | 10x |
| Short | BingX INIT-USDT | 0.08456 | 0.0100 | get 0.0050% / 4h | 1h 28m | — | $6.6M | — |
Kraken Futures PF_INITUSD
BingX INIT-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
- $84.21
- Price spread: +0.016% → 0.000%
- $1.62
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $65.83
- Costs to cover
- 0.200%
- Break-even
- 1.5 days
Slippage unknown: Kraken Futures: no order-book sample; BingX: live order book, 1 min ago. Net counts fees only.
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 no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 1 min ago | 7.10 bp | 35.4 bp −$35 | 96.6 bp −$966 | 519.6 bp −$52.0K | 747.1 bp −$373.5K |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
INIT on 13 exchanges
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_INITUSDlong | −0.0301% | 1h | 0.08455 | long leg | $5K | $13K | 10x | |
| Hyperliquid INIT | +0.0100% | 1h | 0.08456 | +0.014% | $316K | $133K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08464 | +0.108% | $28K | $5K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08455 | +0.004% | $3.5M | $2.4M | 25x | as long as short |
| Bybit INITUSDT | +0.0100% | 4h | 0.08438 | −0.197% | $1.4M | $1.0M | 25x | as long as short |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08456 | +0.016% | $140K | $397K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08466 | +0.135% | $82K | $11K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08454 | −0.007% | $431K | $127K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08464 | +0.111% | $334K | $36K | 25x | as long as short |
| Bitget INITUSDT | +0.0100% | 4h | 0.08458 | +0.040% | $421K | $212K | 25x | as long as short |
Hyperliquid INIT
Aster INITUSDT
Binance INITUSDT
Bybit INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTM
Bitget INITUSDTShow all 13 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX INIT-USDTshort | +0.0100% | 4h | 0.08456 | +0.016% | — | $6.6M | — | |
| Variational Omni INIT | +0.0100% | 4h | 0.08447 | −0.090% | $27K | $2K | — | as long as short |
| BloFin INIT-USDT | +0.0116% | 4h | 0.08467 | +0.146% | $156K | $30K | 25x | as long as short |
Variational Omni INIT
BloFin INIT-USDT