Funding you earn now, next payment 23:00 UTC−0.0409%/8h= −44.8% APRpaid last 24h −0.028%
Price spread now: SunX against Kraken Futures−0.133%7-day average −0.068% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.154%+$15 on $10k
+Price spread, last 3 days (all we have)−0.055%−$6 · spread now −0.133%, 7d avg −0.068%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and SunX is 0.066% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.068%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.154%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.154% in total (about 8.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_VIRTUALUSD | 0.7206 | 0.0509 | pay 0.0064% / 1h | 5m 36s | $586K | $596K | 50x |
| Short | SunX VIRTUAL-USDT | 0.7196 | 0.0100 | get 0.0050% / 4h | 1h 05m | $2K | $1.3M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$85.88
- Price spread: −0.133% → −0.068%
- −$6.56
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$110.44
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 12 min ago; SunX: live order book, 8 min ago. Net counts fees only.
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, 12 min ago | 11.81 bp | 21.5 bp −$22 | 56.2 bp −$562 | doesn't fit | doesn't fit |
| Sell SunX live order book, 8 min ago | 500.59 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
VIRTUAL on 33 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter VIRTUAL | −0.0144% | 1h | 0.7191 | −0.199% | $327K | $414K | 5x | as long as short |
| Reya VIRTUALRUSDPERP | −0.0139% | 1h | 0.7197 | −0.119% | $24 | — | 10x | as long as short |
| 01 Exchange VIRTUALUSD | −0.0128% | 1h | 0.7199 | −0.092% | $2K | $131 | 10x | as long as short |
| Phoenix VIRTUAL | −0.0045% | 1h | 0.7176 | −0.418% | $11K | $40K | 5x | as long as short |
| Deribit VIRTUAL_USDC-PERPETUAL | 0.0000% | 1h | 0.7203 | −0.036% | $15K | $40K | 10x | as long as short |
| gTrade (Gains Network) VIRTUAL/USD | L +0.0007% / S −0.0004% | 1h | 0.7199 | −0.097% | $13K | — | 150x | as long as short |
| Injective VIRTUAL/USDC PERP | +0.0033% | 1h | 0.7117 | −1.230% | $46 | $88K | 5.5x | as long as short |
| Orderly PERP_VIRTUAL_USDC | +0.0092% | 4h | 0.7196 | −0.133% | $14K | $1.5M | 10x | as long as short |
| Hyperliquid VIRTUAL | +0.0100% | 1h | 0.7203 | −0.035% | $8.8M | $3.8M | 5x | as long as short |
| Aster VIRTUALUSDT | +0.0100% | 4h | 0.7192 | −0.186% | $193K | $91K | 20x | as long as short |
Show all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica VIRTUAL | +0.0100% | 1h | 0.7196 | −0.132% | $72K | $44K | 5x | as long as short |
| Binance VIRTUALUSDT | +0.0100% | 4h | 0.7195 | −0.147% | $16.3M | $37.7M | 75x | as long as short |
| Bybit VIRTUALUSDT | +0.0100% | 4h | 0.7195 | −0.147% | $15.5M | $15.8M | 50x | as long as short |
| OKX VIRTUAL-USDT-SWAP | +0.0100% | 4h | 0.7197 | −0.119% | $2.8M | $9.2M | 20x | as long as short |
| Gate VIRTUAL_USDT | +0.0100% | 4h | 0.7191 | −0.203% | $1.5M | $2.9M | 75x | as long as short |
| MEXC VIRTUAL_USDT | +0.0100% | 4h | 0.7195 | −0.147% | $17.4M | $4.2M | 100x | as long as short |
| KuCoin VIRTUALUSDTM | +0.0100% | 4h | 0.7194 | −0.161% | $4.3M | $4.1M | 50x | as long as short |
| Bitget VIRTUALUSDT | +0.0100% | 4h | 0.7203 | −0.036% | $6.1M | $5.4M | 25x | as long as short |
| BingX VIRTUAL-USDT | +0.0100% | 4h | 0.7199 | −0.092% | — | $8.1M | — | as long as short |
| Backpack VIRTUAL_USDC_PERP | +0.0100% | 1h | 0.7199 | −0.092% | $239K | $159K | 10x | as long as short |
| Variational Omni VIRTUAL | +0.0100% | 4h | 0.7168 | −0.521% | $525K | $878K | — | as long as short |
| edgeX VIRTUALUSDC | +0.0100% | 4h | 0.7177 | −0.399% | $19K | $257K | 10x | as long as short |
| GRVT VIRTUAL_USDT_Perp | +0.0100% | 4h | 0.7180 | −0.351% | $636K | $918K | 10x | as long as short |
| ApeX Omni VIRTUALUSDT | +0.0100% | 1h | 0.7178 | −0.383% | $40K | $245K | 50x | as long as short |
| Polymarket Perps VIRTUAL-USD | +0.0100% | 1h | 0.7201 | −0.058% | $27K | $886K | 5x | as long as short |
| SunX VIRTUAL-USDTshort | +0.0100% | 4h | 0.7196 | −0.133% | $2K | $1.3M | 20x | |
| SoDEX VIRTUAL-USD | +0.0100% | 1h | 0.7195 | −0.154% | $1K | $9K | 5x | as long as short |
| Extended VIRTUAL-USD | +0.0104% | 1h | 0.7197 | −0.118% | $53K | $246K | 10x | as long as short |
| Aevo VIRTUAL-PERP | +0.0104% | 1h | 0.7187 | −0.261% | $18K | $505 | 3x | as long as short |
| GMX VIRTUAL/USD [WBTC.b-USDC] | L +0.0298% / S −0.0228% | 1h | 0.7199 | −0.086% | $30K | — | 100x | as long as short |
| BloFin VIRTUAL-USDT | +0.0340% | 4h | 0.7183 | −0.314% | $808K | $808K | 75x | as long as short |
| Coinbase International VIRTUAL-PERP-INTX | +0.0472% | 1h | 0.7206 | +0.006% | $196K | $96K | 50x | as long as short |
| Kraken Futures PF_VIRTUALUSDlong | +0.0509% | 1h | 0.7206 | long leg | $586K | $596K | 50x |
Kraken Futures PF_VIRTUALUSD
SunX VIRTUAL-USDT
Lighter VIRTUAL
01 Exchange VIRTUALUSD
Phoenix VIRTUAL
Deribit VIRTUAL_USDC-PERPETUAL
gTrade (Gains Network) VIRTUAL/USD
Injective VIRTUAL/USDC PERP
Hyperliquid VIRTUAL
Aster VIRTUALUSDT
Pacifica VIRTUAL
Binance VIRTUALUSDT
Bybit VIRTUALUSDT
OKX VIRTUAL-USDT-SWAP
Gate VIRTUAL_USDT
MEXC VIRTUAL_USDT
KuCoin VIRTUALUSDTM
Bitget VIRTUALUSDT
BingX VIRTUAL-USDT
Backpack VIRTUAL_USDC_PERP
Variational Omni VIRTUAL
edgeX VIRTUALUSDC
GRVT VIRTUAL_USDT_Perp
ApeX Omni VIRTUALUSDT
Polymarket Perps VIRTUAL-USD
SoDEX VIRTUAL-USD
Extended VIRTUAL-USD
GMX VIRTUAL/USD [WBTC.b-USDC]
BloFin VIRTUAL-USDT
Coinbase International VIRTUAL-PERP-INTX