Funding you earn now, next payment 02:00 UTC−0.0357%/8h= −39.1% APRpaid last 24h −0.279%
Price spread now: Bitget against Kraken Futures+0.148%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$145as in the Price arb table
costs, in and out, $10k−$1571.570% of the position
Funding, last 7 days+0.300%+$30 on $10k
+Price spread, last 3 days (all we have)−0.079%−$8 · spread now +0.148%, 7d avg +0.023%
=The price spread pays, funding is against you. Bitget is 0.125% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.148% now, against its 7-day average of +0.023%): +$12 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 28 hours. Mind the row above: over the last 7 days funding on this pair paid +0.300%, 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 | 0.2374 | 0.0457 | pay 0.0057% / 1h | 21m 04s | $196K | $567K | 10x |
| Short | Bitget SYNUSDT | 0.2378 | 0.0100 | get 0.0050% / 4h | 2h 21m | $1.3M | $3.3M | 10x |
Kraken Futures PF_SYNUSD
Bitget SYNUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$74.93
- Price spread: +0.148% → +0.023%
- $12.45
- Slippage, 4 orders
- −$134.98
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$219.46
- Costs to cover
- 1.570%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 47 min ago; Bitget: 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 Kraken Futures live order book, 47 min ago | 24.78 bp | 38.2 bp −$38 | 206.5 bp −$2,065 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 9.40 bp | 39.2 bp −$39 | 169.5 bp −$1,695 | 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 SYNUSDTshort | +0.0100% | 4h | 0.2378 | +0.148% | $1.3M | $3.3M | 10x | |
| Orderly PERP_SYN_USDC_mythos | +0.0100% | 4h | 0.2376 | +0.093% | $4K | $40K | 10x | as long as short |
| Phemex SYNUSDT | +0.0100% | 4h | 0.2380 | +0.245% | $1.5M | $1.8M | 50x | as long as short |
| MEXC SYN_USDT | +0.0194% | 4h | 0.2377 | +0.118% | $2.8M | $7.6M | 50x | as long as short |
| Binance SYNUSDT | +0.0194% | 4h | 0.2377 | +0.110% | $12.0M | $41.2M | 10x | as long as short |
| BingX SYN-USDT | +0.0200% | 4h | 0.2379 | +0.202% | — | $3.2M | — | as long as short |
| Kraken Futures PF_SYNUSDlong | +0.0457% | 1h | 0.2374 | long leg | $196K | $567K | 10x | |
| Aster SYNUSDT | +0.1231% | 4h | 0.2381 | +0.305% | $2.7M | $813K | 5x | as long as short |
Orderly PERP_SYN_USDC_mythos
Phemex SYNUSDT
MEXC SYN_USDT
Binance SYNUSDT
BingX SYN-USDT
Aster SYNUSDT