Funding you earn now, next payment 01:00 UTC−0.0234%/8h= −25.6% APRpaid last 24h +0.026%
Price spread now: Kraken Futures against BingX+0.082%7-day average +0.144% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1251.248% of the position
Funding, last 7 days+0.454%+$45 on $10k
+Price spread, last 3 days (all we have)+0.020%+$2 · spread now +0.082%, 7d avg +0.144%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Kraken Futures is 0.062% cheaper against BingX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.144%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.454%, 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 PYTH-USDT | 0.06478 | 0.0100 | pay 0.0050% / 4h | 3h 07m | — | $2.7M | — |
| Short | Kraken Futures PF_PYTHUSD | 0.06483 | −0.0134 | pay 0.0017% / 1h | 7m 06s | $398K | $291K | 25x |
BingX PYTH-USDT
Kraken Futures PF_PYTHUSDFunding 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
- −$49.1
- Price spread: +0.082% → +0.144%
- −$6.23
- Slippage, 4 orders
- −$104.76
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$180.09
- Costs to cover
- 1.248%
- Break-even
- never at this rate
Slippage from BingX: live order book, 13 min ago; Kraken Futures: live order book, 1 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, 13 min ago | 3.90 bp | 16.0 bp −$16 | 36.3 bp −$363 | 255.5 bp −$25.6K | 416.3 bp −$208.1K |
| Sell Kraken Futures live order book, 1 min ago | 20.08 bp | 44.9 bp −$45 | 205.3 bp −$2,053 | doesn't fit | doesn't fit |
PYTH on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PYTHUSDshort | −0.0134% | 1h | 0.06483 | +0.082% | $398K | $291K | 25x | |
| Binance PYTHUSDT | −0.0123% | 4h | 0.06473 | −0.084% | $9.3M | $17.7M | 75x | as long as short |
| BloFin PYTH-USDT | −0.0119% | 4h | 0.06468 | −0.154% | $430K | $112K | 75x | as long as short |
| MEXC PYTH_USDT | −0.0116% | 4h | 0.06472 | −0.093% | $9.8M | $2.4M | 125x | as long as short |
| Coinbase International PYTH-PERP-INTX | −0.0064% | 1h | 0.06505 | +0.417% | $40K | $18K | 25x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06476 | −0.030% | $192K | $19 | 5x | as long as short |
| Aster PYTHUSDT | +0.0015% | 4h | 0.06471 | −0.108% | $21K | $46K | 10x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −3.365% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0048% | 1h | 0.06476 | −0.032% | $23K | — | 3x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.0059% | 1h | 0.06483 | +0.077% | $10K | $10K | 10x | as long as short |
Binance PYTHUSDT
BloFin PYTH-USDT
MEXC PYTH_USDT
Coinbase International PYTH-PERP-INTX
dYdX PYTH-USD
Aster PYTHUSDT
Injective PYTH/USDC PERP
Aevo PYTH-PERP
Deribit PYTH_USDC-PERPETUALShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PYTH | +0.0096% | 1h | 0.06486 | +0.123% | $204K | $199K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06470 | −0.127% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06485 | +0.116% | $2.1M | $1.6M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06476 | −0.031% | $7.7M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06474 | −0.062% | $2.1M | $3.5M | 50x | as long as short |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06463 | −0.232% | $1.1M | $481K | 75x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06473 | −0.077% | $1.5M | $326K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06475 | −0.046% | $2.7M | $2.1M | 75x | as long as short |
| BingX PYTH-USDTlong | +0.0100% | 4h | 0.06478 | long leg | — | $2.7M | — | |
| Variational Omni PYTH | +0.0100% | 4h | 0.06461 | −0.256% | $39K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06475 | −0.045% | $3K | $2K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06470 | −0.116% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0942% | 1h | 0.06486 | +0.122% | $36K | $91K | 10x | as long as short |
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
Gate PYTH_USDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Backpack PYTH_USDC_PERP