Funding you earn now, next payment 07:00 UTC−0.0933%/8h= −102.1% APRpaid last 24h −0.131%
Price spread now: BingX against Kraken Futures−0.002%7-day average −0.138% · you buy dearer than you sell
Net, funding: paid 7d − costs−$212as in the Funding arb table
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1651.645% of the position
Funding, last 7 days−0.478%−$48 on $10k
+Price spread, last 4 days (all we have)−0.348%−$35 · spread now −0.002%, 7d avg −0.138%
=The price spread pays, funding is against you. BingX is 0.136% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.002% now, against its 7-day average of −0.138%): +$14 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−0.478% in total) that is about 48 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.478% in total (about -24.9% 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_DYDXUSD | 0.1353 | 0.1033 | pay 0.0129% / 1h | 50m 42s | $309K | $353K | 20x |
| Short | BingX DYDX-USDT | 0.1353 | 0.0100 | get 0.0100% / 8h | 1h 50m | — | $3.0M | — |
Kraken Futures PF_DYDXUSD
BingX DYDX-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
- −$195.88
- Price spread: −0.002% → −0.138%
- $13.59
- Slippage, 4 orders
- −$144.55
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$346.84
- Costs to cover
- 1.645%
- 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 | 9.95 bp | 93.7 bp −$94 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 14 min ago | 3.69 bp | 19.8 bp −$20 | 58.6 bp −$586 | 321.3 bp −$32.1K | 595.5 bp −$297.7K |
DYDX on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective DYDX/USDC PERP | −0.0045% | 1h | 0.1354 | +0.072% | $6K | $48K | 12x | as long as short |
| Lighter DYDX | +0.0096% | 1h | 0.1353 | −0.032% | $60K | $48K | 5x | as long as short |
| Hyperliquid DYDX | +0.0100% | 1h | 0.1354 | +0.101% | $2.1M | $712K | 5x | as long as short |
| Aster DYDXUSDT | +0.0100% | 8h | 0.1353 | −0.012% | $6K | $12K | 5x | as long as short |
| Binance DYDXUSDT | +0.0100% | 8h | 0.1353 | −0.039% | $5.2M | $8.6M | 75x | as long as short |
| Bybit DYDXUSDT | +0.0100% | 8h | 0.1351 | −0.165% | $4.6M | $2.4M | 75x | as long as short |
| OKX DYDX-USDT-SWAP | +0.0100% | 8h | 0.1353 | −0.032% | $2.1M | $3.2M | 20x | as long as short |
| Gate DYDX_USDT | +0.0100% | 8h | 0.1351 | −0.113% | $380K | $430K | 75x | as long as short |
| MEXC DYDX_USDT | +0.0100% | 8h | 0.1352 | −0.076% | $2.9M | $788K | 125x | as long as short |
| KuCoin DYDXUSDTM | +0.0100% | 8h | 0.1353 | −0.002% | $2.3M | $3.6M | 50x | as long as short |
Injective DYDX/USDC PERP
Lighter DYDX
Hyperliquid DYDX
Aster DYDXUSDT
Binance DYDXUSDT
Bybit DYDXUSDT
OKX DYDX-USDT-SWAP
Gate DYDX_USDT
MEXC DYDX_USDT
KuCoin DYDXUSDTMShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget DYDXUSDT | +0.0100% | 8h | 0.1353 | −0.002% | $1.4M | $1.0M | 10x | as long as short |
| BingX DYDX-USDTshort | +0.0100% | 8h | 0.1353 | −0.002% | — | $3.0M | — | |
| Extended DYDX-USD | +0.0104% | 1h | 0.1352 | −0.060% | $4K | $118K | 10x | as long as short |
| Aevo DYDX-PERP | +0.0104% | 1h | 0.1351 | −0.147% | $49K | — | 3x | as long as short |
| BloFin DYDX-USDT | +0.0112% | 8h | 0.1353 | −0.002% | $294K | $15K | 75x | as long as short |
| GMX DYDX/USD [WBTC.b-USDC] | L +0.0187% / S −0.0526% | 1h | 0.1352 | −0.086% | $916 | — | 100x | as long as short |
| Arcus DYDX-USD | +0.0239% | 1h | 0.1354 | +0.072% | $52K | $20K | 5x | as long as short |
| Deribit DYDX_USDC-PERPETUAL | +0.0490% | 1h | 0.1352 | −0.076% | — | — | 25x | as long as short |
| Coinbase International DYDX-PERP-INTX | +0.0992% | 1h | 0.1360 | +0.515% | $17K | $34K | 50x | as long as short |
| Kraken Futures PF_DYDXUSDlong | +0.1033% | 1h | 0.1353 | long leg | $309K | $353K | 20x | |
| dYdX DYDX-USD | +0.4583% | 1h | 0.1352 | −0.086% | $77K | $2K | 5x | as long as short |
Bitget DYDXUSDT
Extended DYDX-USD
Aevo DYDX-PERP
BloFin DYDX-USDT
GMX DYDX/USD [WBTC.b-USDC]
Arcus DYDX-USD
Deribit DYDX_USDC-PERPETUAL
Coinbase International DYDX-PERP-INTX
dYdX DYDX-USD