Funding you earn now, next payment 02:00 UTC−0.0108%/8h= −11.9% APRpaid last 24h −0.111%
Price spread now: BingX against Kraken Futures−0.490%53s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and BingX is 0.490% cheaper against Kraken Futures than usual: you would sell low and buy high (−$49 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ALTUSD | 0.007565 | 0.0208 | pay 0.0026% / 1h | 40m 24s | $44K | $8K | 10x |
| Short | BingX ALT-USDT | 0.007528 | 0.0100 | get 0.0050% / 4h | 2h 40m | — | $1.3M | — |
Kraken Futures PF_ALTUSD
BingX ALT-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
- −$22.75
- Price spread: −0.490% → 0.000%
- −$49.02
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$91.77
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; BingX: live order book, 5 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 no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 5 min ago | 3.96 bp | 21.5 bp −$22 | 63.2 bp −$632 | 561.8 bp −$56.2K | 825.3 bp −$412.6K |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ALT on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ALT | +0.0100% | 1h | 0.007535 | −0.398% | $1.1M | $189K | 3x | as long as short |
| Binance ALTUSDT | +0.0100% | 4h | 0.007533 | −0.424% | $2.6M | $3.7M | 50x | as long as short |
| Bybit ALTUSDT | +0.0100% | 4h | 0.007528 | −0.490% | $1.2M | $1.6M | 25x | as long as short |
| Gate ALT_USDT | +0.0100% | 8h | 0.007537 | −0.371% | $51K | $399K | 25x | as long as short |
| MEXC ALT_USDT | +0.0100% | 4h | 0.007540 | −0.332% | $404K | $184K | 50x | as long as short |
| KuCoin ALTUSDTM | +0.0100% | 4h | 0.007546 | −0.252% | $149K | $20K | 30x | as long as short |
| Bitget ALTUSDT | +0.0100% | 4h | 0.007523 | −0.556% | $597K | $113K | 50x | as long as short |
| BingX ALT-USDTshort | +0.0100% | 4h | 0.007528 | −0.490% | — | $1.3M | — | |
| Variational Omni ALT | +0.0100% | 4h | 0.007553 | −0.162% | $5K | $13K | — | as long as short |
| BloFin ALT-USDT | +0.0141% | 4h | 0.007552 | −0.173% | $172K | $10K | 50x | as long as short |
Hyperliquid ALT
Binance ALTUSDT
Bybit ALTUSDT
Gate ALT_USDT
MEXC ALT_USDT
KuCoin ALTUSDTM
Bitget ALTUSDT
Variational Omni ALT
BloFin ALT-USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALTUSDlong | +0.0208% | 1h | 0.007565 | long leg | $44K | $8K | 10x | |
| Coinbase International ALT-PERP-INTX | +0.0432% | 1h | 0.007598 | +0.435% | $14K | $3K | 50x | as long as short |
| Deribit ALT_USDC-PERPETUAL | +0.0544% | 1h | 0.007564 | −0.014% | — | $0 | 25x | as long as short |
| Injective ALT/USDC PERP | +0.5000% | 1h | 0.007604 | +0.514% | $827 | $4K | 5.5x | as long as short |
Coinbase International ALT-PERP-INTX
Deribit ALT_USDC-PERPETUAL
Injective ALT/USDC PERP