Funding you earn now, next payment 02:00 UTC+0.0304%/8h= +33.3% APRpaid last 24h +0.274%
Price spread now: Kraken Futures against BingX−0.147%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$186as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1391.389% of the position
Funding, last 7 days−0.467%−$47 on $10k
+Price spread, last 3 days (all we have)+0.080%+$8 · spread now −0.147%, 7d avg −0.001%
=Funding pays, the price is against you. Kraken Futures is 0.146% cheaper against BingX than usual: you would sell low and buy high (spread −0.147% now, against its 7-day average of −0.001%). If the spread goes back, that is −$15 on $10k: about 38 hours of funding at the current rate (+$9 a day). Mind the row above: over the last 7 days funding on this pair cost −0.467%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX SYN-USDT | 0.2361 | 0.0156 | pay 0.0078% / 4h | 2h 00m | — | $3.2M | — |
| Short | Kraken Futures PF_SYNUSD | 0.2358 | 0.0460 | get 0.0058% / 1h | 0m 43s | $191K | $575K | 10x |
BingX SYN-USDT
Kraken Futures PF_SYNUSDFunding 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
- $63.84
- Price spread: −0.147% → −0.001%
- −$14.56
- Slippage, 4 orders
- −$118.94
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$89.66
- Costs to cover
- 1.389%
- Break-even
- 16.8 days
Slippage from BingX: live order book, 4 min ago; Kraken Futures: live order book, 2 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, 4 min ago | 6.54 bp | 31.7 bp −$32 | 130.7 bp −$1,307 | 889.2 bp −$88.9K | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 22.01 bp | 42.0 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
SYN on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SYNUSDT | +0.0100% | 4h | 0.2360 | −0.042% | $1.3M | $3.2M | 10x | as long as short |
| Orderly PERP_SYN_USDC_mythos | +0.0100% | 4h | 0.2360 | −0.051% | $4K | $38K | 10x | as long as short |
| Phemex SYNUSDT | +0.0100% | 4h | 0.2359 | −0.080% | $1.5M | $1.8M | 50x | as long as short |
| MEXC SYN_USDT | +0.0148% | 4h | 0.2360 | −0.051% | $2.7M | $7.7M | 50x | as long as short |
| Binance SYNUSDT | +0.0151% | 4h | 0.2362 | +0.024% | $11.9M | $40.8M | 10x | as long as short |
| BingX SYN-USDTlong | +0.0156% | 4h | 0.2361 | long leg | — | $3.2M | — | |
| Kraken Futures PF_SYNUSDshort | +0.0460% | 1h | 0.2358 | −0.147% | $191K | $575K | 10x | |
| Aster SYNUSDT | +0.1150% | 4h | 0.2365 | +0.171% | $2.6M | $809K | 5x | as long as short |
Bitget SYNUSDT
Orderly PERP_SYN_USDC_mythos
Phemex SYNUSDT
MEXC SYN_USDT
Binance SYNUSDT
Aster SYNUSDT