Funding you earn now, next payment 22:00 UTC−0.0315%/8h= −34.5% APRpaid last 24h −0.107%
Price spread now: Kraken Futures against BingX+0.099%7-day average +0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$760.762% of the position
Funding, last 7 days+0.351%+$35 on $10k
+Price spread, last 3 days (all we have)−0.008%−$1 · spread now +0.099%, 7d avg +0.069%
=The price spread pays, funding is against you. Kraken Futures is 0.029% dearer against BingX than usual: you sell high and buy low (spread +0.099% now, against its 7-day average of +0.069%): +$3 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 7 hours. Mind the row above: over the last 7 days funding on this pair paid +0.351%, 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 | BingX ETHFI-USDT | 0.7084 | 0.0100 | pay 0.0050% / 4h | 2h 03m | — | $25.9M | — |
| Short | Kraken Futures PF_ETHFIUSD | 0.7091 | −0.0215 | pay 0.0027% / 1h | 3m 44s | $279K | $145K | 20x |
BingX ETHFI-USDT
Kraken Futures PF_ETHFIUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- −$66.21
- Price spread: +0.099% → +0.069%
- $2.94
- Slippage, 4 orders
- −$56.23
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$139.5
- Costs to cover
- 0.762%
- Break-even
- never at this rate
Slippage from BingX: live order book, 5 min ago; Kraken Futures: live order book, 19 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 BingX live order book, 5 min ago | 1.40 bp | 6.4 bp −$6 | 12.2 bp −$122 | 25.0 bp −$2,502 | 71.5 bp −$35.8K |
| Sell Kraken Futures live order book, 19 min ago | 16.06 bp | 36.3 bp −$36 | 139.5 bp −$1,395 | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0596% | 1h | 0.7086 | +0.028% | $41K | $18K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSDshort | −0.0215% | 1h | 0.7091 | +0.099% | $279K | $145K | 20x | |
| HTX ETHFI-USDT | −0.0207% | 4h | 0.7076 | −0.113% | $82K | $165K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0174% | 4h | 0.7084 | 0.000% | $16K | $1K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0031% | 8h | 0.7094 | +0.135% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.202% | $321 | $51K | 5.5x | as long as short |
| Bitget ETHFIUSDT | +0.0034% | 4h | 0.7094 | +0.141% | $6.0M | $5.7M | 75x | as long as short |
| Extended ETHFI-USD | +0.0064% | 1h | 0.7084 | +0.001% | $92K | $495K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0064% | 4h | 0.7095 | +0.155% | $15.0M | $3.9M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0065% | 4h | 0.7093 | +0.127% | $24.6M | $37.1M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
Bitget ETHFIUSDT
Extended ETHFI-USD
MEXC ETHFI_USDT
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7093 | +0.121% | $1.1M | $909K | 5x | as long as short |
| Aevo ETHFI-PERP | +0.0096% | 1h | 0.7085 | +0.014% | $8K | — | 3x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7093 | +0.128% | $18.0M | $9.0M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7093 | +0.123% | $181K | $256K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7099 | +0.212% | $18.2M | $12.8M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7098 | +0.198% | $4.9M | $12.4M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7082 | −0.028% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7093 | +0.127% | $1.2M | $270K | 50x | as long as short |
| BingX ETHFI-USDTlong | +0.0100% | 4h | 0.7084 | long leg | — | $25.9M | — | |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7087 | +0.038% | $1.0M | $739K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7083 | −0.013% | $59K | $85K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7092 | +0.113% | $2K | $1.1M | 20x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0152% | 1h | 0.7165 | +1.143% | $31K | $8K | 50x | as long as short |
| BloFin ETHFI-USDT | +0.0284% | 4h | 0.7080 | −0.056% | $1.2M | $292K | 75x | as long as short |
Lighter ETHFI
Aevo ETHFI-PERP
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
BloFin ETHFI-USDT