LSK

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0254%/8h= −27.8% APRnext payment −$0.32 per $10,000 · paid last 24h +0.340%

Price spread now: BingX against Kraken Futures+0.156%53s7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs+$350as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$3543.540% of the position

Long on Kraken Futures Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+7.042%+$704 on $10k

Price spread, last 4 days (all we have)+1.565%+$157 · spread now +0.156%, 7d avg +0.011%

Together, before fees+8.607%+$861 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.145% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.156% now, against its 7-day average of +0.011%): +$14 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 46 hours. Mind the row above: over the last 7 days funding on this pair paid +7.042%, so the current rate has only just turned against you. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LSKUSD	0.3474	−0.5114	get 0.0639% / 1h	42m 20s	$106K	$355K	10x
Short	BingX LSK-USDT	0.3479	−0.5368	pay 0.0671% / 1h	42m 20s	—	$2.9M	—

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee BingXbpOrdersPrice spread, now +0.156%Rate

Funding earned: −$53.38
Price spread: +0.156% → +0.011%: $14.47
Slippage, 4 orders: −$333.97
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$392.88
Costs to cover: 3.540%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 55 min ago; BingX: 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 Kraken Futures live order book, 55 min ago	31.50 bp	43.0 bp −$43	292.5 bp −$2,925	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	1.59 bp	11.9 bp −$12	40.2 bp −$402	452.9 bp −$45.3K	781.8 bp −$390.9K

LSK on 10 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
Binance LSKUSDT	−0.5660%	1h	0.3471	−0.069%	$15.4M	$100.7M	50x	as long as short
Gate LSK_USDT	−0.5656%	1h	0.3472	−0.052%	$1.4M	$2.6M	20x	as long as short
MEXC LSK_USDT	−0.5640%	1h	0.3473	−0.037%	$8.9M	$2.3M	20x	as long as short
BingX LSK-USDTshort	−0.5368%	1h	0.3479	+0.156%	—	$2.9M	—
Kraken Futures PF_LSKUSDlong	−0.5114%	1h	0.3474	long leg	$106K	$355K	10x
Aster LSKUSDT	−0.4746%	1h	0.3481	+0.216%	$51K	$184K	5x	as long as short
HTX LSK-USDT	−0.3066%	1h	0.3464	−0.273%	$39K	$320K	20x	as long as short
Bitget LSKUSDT	−0.0928%	1h	0.3468	−0.167%	$2.7M	$9.9M	50x	as long as short
Variational Omni LSK	+0.0100%	1h	0.3482	+0.246%	$31K	$192K	—	as long as short
Bybit LSKUSDT	+0.0100%	1h	0.3481	+0.219%	$9.1M	$21.4M	25x	as long as short