Funding you earn now, next payment 02:00 UTC−0.1227%/8h= −134.3% APRpaid last 24h −0.139%
Price spread now: Kraken Futures against BingX+0.184%7-day average +0.164% · you sell dearer than you buy
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1151.153% of the position
Funding, last 7 days+0.281%+$28 on $10k
+Price spread, last 3 days (all we have)+0.200%+$20 · spread now +0.184%, 7d avg +0.164%
=The price spread pays, funding is against you. Kraken Futures is 0.020% dearer against BingX than usual: you sell high and buy low (spread +0.184% now, against its 7-day average of +0.164%): +$2 on $10k if it goes back. Holding the pair costs −$37 a day in funding at the current rate, which eats that in about 1 hour. Mind the row above: over the last 7 days funding on this pair paid +0.281%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.281% in total (about 14.6% 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 | BingX STX-USDT | 0.3341 | 0.0100 | pay 0.0100% / 8h | 6h 44m | — | $13.6M | — |
| Short | Kraken Futures PF_STXUSD | 0.3347 | −0.1127 | pay 0.0141% / 1h | 44m 25s | $70K | $126K | 20x |
BingX STX-USDT
Kraken Futures PF_STXUSDFunding 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
- −$257.64
- Price spread: +0.184% → +0.164%
- $2.01
- Slippage, 4 orders
- −$95.34
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$370.97
- Costs to cover
- 1.153%
- Break-even
- never at this rate
Slippage from BingX: live order book, 9 min ago; Kraken Futures: live order book, 23 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, 9 min ago | 2.98 bp | 16.7 bp −$17 | 41.2 bp −$412 | 332.7 bp −$33.3K | 456.8 bp −$228.4K |
| Sell Kraken Futures live order book, 23 min ago | 17.15 bp | 37.9 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
STX on 18 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_STXUSDshort | −0.1127% | 1h | 0.3347 | +0.184% | $70K | $126K | 20x | |
| Variational Omni STX | −0.0353% | 8h | 0.3340 | −0.030% | $766K | $294K | — | as long as short |
| gTrade (Gains Network) STX/USD | L −0.0002% / S +0.0003% | 1h | 0.3343 | +0.066% | — | — | 150x | as long as short |
| Injective STX/USDC PERP | +0.0033% | 1h | 0.3463 | +3.652% | $4K | $264K | 12x | as long as short |
| Bitget STXUSDT | +0.0034% | 8h | 0.3342 | +0.030% | $4.6M | $2.0M | 50x | as long as short |
| Gate STX_USDT | +0.0092% | 8h | 0.3339 | −0.060% | $584K | $340K | 50x | as long as short |
| BloFin STX-USDT | +0.0093% | 8h | 0.3347 | +0.180% | $413K | $218K | 20x | as long as short |
| Aster STXUSDT | +0.0100% | 8h | 0.3344 | +0.092% | $125K | $58K | 10x | as long as short |
| Binance STXUSDT | +0.0100% | 8h | 0.3344 | +0.085% | $7.7M | $18.7M | 75x | as long as short |
| Bybit STXUSDT | +0.0100% | 8h | 0.3338 | −0.090% | $8.5M | $6.9M | 75x | as long as short |
Variational Omni STX
gTrade (Gains Network) STX/USD
Injective STX/USDC PERP
Bitget STXUSDT
Gate STX_USDT
BloFin STX-USDT
Aster STXUSDT
Binance STXUSDT
Bybit STXUSDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX STX-USDT-SWAP | +0.0100% | 8h | 0.3343 | +0.060% | $2.2M | $5.6M | 20x | as long as short |
| MEXC STX_USDT | +0.0100% | 8h | 0.3342 | +0.030% | $6.0M | $1.2M | 50x | as long as short |
| KuCoin STXUSDTM | +0.0100% | 8h | 0.3341 | 0.000% | $2.4M | $1.7M | 50x | as long as short |
| BingX STX-USDTlong | +0.0100% | 8h | 0.3341 | long leg | — | $13.6M | — | |
| ApeX Omni STXUSDT | +0.0100% | 1h | 0.3347 | +0.180% | $49K | $686K | 50x | as long as short |
| Extended STX-USD | +0.0104% | 1h | 0.3343 | +0.062% | $180K | $617K | 10x | as long as short |
| GMX STX/USD [WBTC.b-USDC] | L +0.0188% / S −0.0263% | 1h | 0.3343 | +0.048% | $4K | — | 100x | as long as short |
| Hyperliquid STX | +0.0264% | 1h | 0.3348 | +0.198% | $1.4M | $784K | 5x | as long as short |
OKX STX-USDT-SWAP
MEXC STX_USDT
KuCoin STXUSDTM
ApeX Omni STXUSDT
Extended STX-USD
GMX STX/USD [WBTC.b-USDC]
Hyperliquid STX