Funding you earn now, next payment 22:00 UTC−0.0317%/8h= −34.8% APRpaid last 24h +0.055%
Price spread now: Kraken Futures against BingX+0.010%7-day average +0.143% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$920.924% of the position
Funding, last 7 days+0.453%+$45 on $10k
+Price spread, last 3 days (all we have)−0.070%−$7 · spread now +0.010%, 7d avg +0.143%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Kraken Futures is 0.134% cheaper against BingX than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.143%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.453%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PYTH-USDT | 0.06294 | 0.0100 | pay 0.0050% / 4h | 2h 11m | — | $2.8M | — |
| Short | Kraken Futures PF_PYTHUSD | 0.06295 | −0.0217 | pay 0.0027% / 1h | 11m 01s | $381K | $240K | 25x |
BingX PYTH-USDT
Kraken Futures PF_PYTHUSDFunding 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
- −$66.67
- Price spread: +0.010% → +0.143%
- −$13.36
- Slippage, 4 orders
- −$72.39
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$172.42
- Costs to cover
- 0.924%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; Kraken Futures: live order book, 12 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, 8 min ago | 4.73 bp | 17.6 bp −$18 | 34.8 bp −$348 | 247.9 bp −$24.8K | 493.6 bp −$246.8K |
| Sell Kraken Futures live order book, 12 min ago | 22.07 bp | 29.5 bp −$29 | 161.5 bp −$1,615 | doesn't fit | doesn't fit |
PYTH on 23 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 PYTH/USDC PERP | −0.0586% | 1h | 0.06350 | +0.890% | $561 | $180K | 5.5x | as long as short |
| Kraken Futures PF_PYTHUSDshort | −0.0217% | 1h | 0.06295 | +0.010% | $381K | $240K | 25x | |
| Gate PYTH_USDT | −0.0052% | 4h | 0.06290 | −0.064% | $1.1M | $467K | 75x | as long as short |
| BloFin PYTH-USDT | −0.0029% | 4h | 0.06302 | +0.127% | $423K | $115K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06297 | +0.046% | $187K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06302 | +0.127% | $10K | $10K | 10x | as long as short |
| Binance PYTHUSDT | +0.0014% | 4h | 0.06289 | −0.077% | $9.1M | $16.1M | 75x | as long as short |
| MEXC PYTH_USDT | +0.0020% | 4h | 0.06295 | +0.016% | $9.3M | $2.4M | 125x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0048% | 1h | 0.06431 | +2.177% | $40K | $6K | 25x | as long as short |
| Bybit PYTHUSDT | +0.0078% | 4h | 0.06291 | −0.048% | $7.4M | $5.0M | 50x | as long as short |
Injective PYTH/USDC PERP
Gate PYTH_USDT
BloFin PYTH-USDT
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
Binance PYTHUSDT
MEXC PYTH_USDT
Coinbase International PYTH-PERP-INTX
Bybit PYTHUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06292 | −0.025% | $22K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06302 | +0.127% | $195K | $206K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06292 | −0.039% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06296 | +0.040% | $1.7M | $1.5M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06289 | −0.079% | $20K | $30K | 10x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06292 | −0.032% | $2.1M | $3.3M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06301 | +0.111% | $1.5M | $304K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06295 | +0.016% | $2.6M | $1.9M | 75x | as long as short |
| BingX PYTH-USDTlong | +0.0100% | 4h | 0.06294 | long leg | — | $2.8M | — | |
| Variational Omni PYTH | +0.0100% | 4h | 0.06338 | +0.695% | $44K | $23K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06294 | 0.000% | $3K | $1K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0138% | 1h | 0.06299 | +0.087% | $38K | $87K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06296 | +0.039% | — | — | 20x | as long as short |
Aevo PYTH-PERP
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Backpack PYTH_USDC_PERP
Reya PYTHRUSDPERP