Funding you earn now, next payment 00:00 UTC−0.0469%/8h= −51.4% APRpaid last 24h −0.272%
Price spread now: BingX against Kraken Futures−0.077%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1461.461% of the position
Funding, last 7 days+0.485%+$49 on $10k
+Price spread, last 3 days (all we have)+0.122%+$12 · spread now −0.077%, 7d avg +0.002%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and BingX is 0.078% cheaper against Kraken Futures than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.002%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.485%, 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 | Kraken Futures PF_SYNUSD | 0.2552 | 0.0643 | pay 0.0080% / 1h | 20m 48s | $209K | $501K | 10x |
| Short | BingX SYN-USDT | 0.2550 | 0.0174 | get 0.0087% / 4h | 20m 48s | — | $3.1M | — |
Kraken Futures PF_SYNUSD
BingX SYN-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
- −$98.54
- Price spread: −0.077% → +0.002%
- −$7.81
- Slippage, 4 orders
- −$126.09
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$252.44
- Costs to cover
- 1.461%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 57 min ago; BingX: live order book, 14 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, 57 min ago | 27.47 bp | 36.5 bp −$36 | 1057.7 bp −$10.6K | doesn't fit | doesn't fit |
| Sell BingX live order book, 14 min ago | 0.39 bp | 25.7 bp −$26 | 121.1 bp −$1,211 | 835.1 bp −$83.5K | 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 | 0.2550 | −0.096% | $1.4M | $3.2M | 10x | as long as short |
| Orderly PERP_SYN_USDC_mythos | +0.0100% | 4h | 0.2549 | −0.124% | $4K | $41K | 10x | as long as short |
| Phemex SYNUSDT | +0.0100% | 4h | 0.2550 | −0.065% | $1.7M | $1.7M | 50x | as long as short |
| MEXC SYN_USDT | +0.0162% | 4h | 0.2549 | −0.116% | $3.1M | $7.2M | 50x | as long as short |
| Binance SYNUSDT | +0.0162% | 4h | 0.2553 | +0.025% | $13.1M | $39.8M | 10x | as long as short |
| BingX SYN-USDTshort | +0.0174% | 4h | 0.2550 | −0.077% | — | $3.1M | — | |
| Kraken Futures PF_SYNUSDlong | +0.0643% | 1h | 0.2552 | long leg | $209K | $501K | 10x | |
| Aster SYNUSDT | +0.1360% | 4h | 0.2553 | +0.041% | $2.8M | $812K | 5x | as long as short |
Bitget SYNUSDT
Orderly PERP_SYN_USDC_mythos
Phemex SYNUSDT
MEXC SYN_USDT
Binance SYNUSDT
Aster SYNUSDT