Funding you earn now, next payment 08:00 UTC−0.0353%/8h= −38.7% APRpaid last 24h −0.019%
Price spread now: BingX against Kraken Futures−0.052%7-day average −0.134% · you buy dearer than you sell
Net, funding: paid 7d − costs−$134as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$860.863% of the position
Funding, last 7 days−0.475%−$48 on $10k
+Price spread, last 4 days (all we have)−0.051%−$5 · spread now −0.052%, 7d avg −0.134%
=The price spread pays, funding is against you. BingX is 0.082% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.052% now, against its 7-day average of −0.134%): +$8 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 19 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PYTHUSD | 0.06296 | 0.0453 | pay 0.0057% / 1h | 38m 25s | $382K | $309K | 25x |
| Short | BingX PYTH-USDT | 0.06293 | 0.0100 | get 0.0050% / 4h | 38m 25s | — | $2.8M | — |
Kraken Futures PF_PYTHUSD
BingX PYTH-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
- −$74.16
- Price spread: −0.052% → −0.134%
- $8.24
- Slippage, 4 orders
- −$66.35
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$152.26
- Costs to cover
- 0.863%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 64 min ago; BingX: live order book, 11 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, 64 min ago | 15.01 bp | 23.0 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 11 min ago | 3.16 bp | 19.5 bp −$19 | 40.7 bp −$407 | 118.4 bp −$11.8K | 449.6 bp −$224.8K |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PYTH-USD | 0.0000% | 1h | 0.06305 | +0.136% | $187K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06300 | +0.059% | $10K | $10K | 10x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −0.576% | $553 | $220K | 5.5x | as long as short |
| MEXC PYTH_USDT | +0.0068% | 4h | 0.06296 | −0.004% | $10.6M | $2.8M | 125x | as long as short |
| Binance PYTHUSDT | +0.0070% | 4h | 0.06292 | −0.068% | $8.9M | $19.5M | 75x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06312 | +0.250% | $194K | $221K | 5x | as long as short |
| Aevo PYTH-PERP | +0.0096% | 1h | 0.06291 | −0.090% | $22K | — | 3x | as long as short |
| BloFin PYTH-USDT | +0.0099% | 4h | 0.06297 | +0.012% | $421K | $72K | 75x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06300 | +0.053% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06301 | +0.074% | $2.2M | $1.9M | 5x | as long as short |
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
Injective PYTH/USDC PERP
MEXC PYTH_USDT
Binance PYTHUSDT
Lighter PYTH
Aevo PYTH-PERP
BloFin PYTH-USDT
Paradex PYTH-USD-PERP
Hyperliquid PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PYTHUSDT | +0.0100% | 4h | 0.06292 | −0.064% | $21K | $46K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06294 | −0.036% | $7.5M | $4.9M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06297 | +0.012% | $2.1M | $3.5M | 50x | as long as short |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06288 | −0.131% | $1.0M | $536K | 75x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06298 | +0.028% | $1.5M | $370K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06293 | −0.052% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDTshort | +0.0100% | 4h | 0.06293 | −0.052% | — | $2.8M | — | |
| Backpack PYTH_USDC_PERP | +0.0100% | 1h | 0.06307 | +0.175% | $35K | $66K | 10x | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06309 | +0.207% | $40K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06292 | −0.069% | $2K | $2K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06293 | −0.053% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSDlong | +0.0453% | 1h | 0.06296 | long leg | $382K | $309K | 25x | |
| Coinbase International PYTH-PERP-INTX | +0.0472% | 1h | 0.06427 | +2.077% | $40K | $19K | 25x | as long as short |
Aster PYTHUSDT
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
Gate PYTH_USDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
Backpack PYTH_USDC_PERP
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Coinbase International PYTH-PERP-INTX