Funding you earn now, next payment 22:00 UTC+0.1458%/8h= +159.6% APRpaid last 24h +0.087%
Price spread now: Binance against Kraken Futures+0.089%7-day average −0.124% · you sell dearer than you buy
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$1041.038% of the position
Funding, last 7 days−0.397%−$40 on $10k
+Price spread, last 3 days (all we have)−1.041%−$104 · spread now +0.089%, 7d avg −0.124%
=Both sides work for this trade now. Funding pays +$44 a day on $10k at the current rate, and Binance is 0.213% dearer against Kraken Futures than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.124%. Mind the row above: over the last 7 days funding on this pair cost −0.397%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.397% in total (about -20.7% 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_STXUSD | 0.3436 | −0.1358 | get 0.0170% / 1h | 0m 17s | $77K | $159K | 20x |
| Short | Binance STXUSDT | 0.3439 | 0.0100 | get 0.0100% / 8h | 2h 00m | $8.0M | $20.2M | 75x |
Kraken Futures PF_STXUSD
Binance STXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $306.14
- Price spread: +0.089% → −0.124%
- $21.34
- Slippage, 4 orders
- −$83.83
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $223.65
- Costs to cover
- 1.038%
- Break-even
- 1.9 days
Slippage from Kraken Futures: live order book, 22 min ago; Binance: 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, 22 min ago | 22.41 bp | 30.4 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 1.47 bp | 14.6 bp −$15 | 47.0 bp −$470 | 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_STXUSDlong | −0.1358% | 1h | 0.3436 | long leg | $77K | $159K | 20x | |
| Variational Omni STX | −0.0526% | 8h | 0.3427 | −0.265% | $813K | $306K | — | as long as short |
| gTrade (Gains Network) STX/USD | L −0.0002% / S +0.0003% | 1h | 0.3440 | +0.122% | — | — | 150x | as long as short |
| Injective STX/USDC PERP | +0.0033% | 1h | 0.3427 | −0.260% | $4K | $227K | 12x | as long as short |
| Aster STXUSDT | +0.0100% | 8h | 0.3439 | +0.078% | $129K | $67K | 10x | as long as short |
| Binance STXUSDTshort | +0.0100% | 8h | 0.3439 | +0.089% | $8.0M | $20.2M | 75x | |
| Bybit STXUSDT | +0.0100% | 8h | 0.3434 | −0.048% | $8.8M | $7.5M | 75x | as long as short |
| OKX STX-USDT-SWAP | +0.0100% | 8h | 0.3439 | +0.089% | $2.4M | $6.7M | 20x | as long as short |
| Gate STX_USDT | +0.0100% | 8h | 0.3434 | −0.056% | $601K | $445K | 50x | as long as short |
| MEXC STX_USDT | +0.0100% | 8h | 0.3440 | +0.118% | $6.3M | $1.5M | 50x | as long as short |
Variational Omni STX
gTrade (Gains Network) STX/USD
Injective STX/USDC PERP
Aster STXUSDT
Bybit STXUSDT
OKX STX-USDT-SWAP
Gate STX_USDT
MEXC STX_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin STXUSDTM | +0.0100% | 8h | 0.3437 | +0.031% | $2.5M | $1.8M | 50x | as long as short |
| Bitget STXUSDT | +0.0100% | 8h | 0.3433 | −0.086% | $4.9M | $1.9M | 50x | as long as short |
| BingX STX-USDT | +0.0100% | 8h | 0.3439 | +0.089% | — | $15.8M | — | as long as short |
| ApeX Omni STXUSDT | +0.0100% | 1h | 0.3429 | −0.202% | $57K | $684K | 50x | as long as short |
| Extended STX-USD | +0.0104% | 1h | 0.3440 | +0.106% | $182K | $585K | 10x | as long as short |
| BloFin STX-USDT | +0.0113% | 8h | 0.3444 | +0.235% | $432K | $239K | 20x | as long as short |
| GMX STX/USD [WBTC.b-USDC] | L +0.0191% / S −0.0313% | 1h | 0.3443 | +0.196% | $5K | — | 100x | as long as short |
| Hyperliquid STX | +0.0203% | 1h | 0.3445 | +0.252% | $1.5M | $1.0M | 5x | as long as short |
KuCoin STXUSDTM
Bitget STXUSDT
BingX STX-USDT
ApeX Omni STXUSDT
Extended STX-USD
BloFin STX-USDT
GMX STX/USD [WBTC.b-USDC]
Hyperliquid STX