Funding you earn now, next payment 21:00 UTC−0.1183%/8hpaid last 24h −0.267%
Price spread now: Binance against Kraken Futures+0.088%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1131.133% of the position
Funding, last 7 days+0.665%+$66 on $10k
+Price spread, last 3 days (all we have)−0.026%−$3 · spread now +0.088%, 7d avg −0.016%
=The price spread pays, funding is against you. Binance is 0.104% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.088% now, against its 7-day average of −0.016%): +$10 on $10k if it goes back. Holding the pair costs −$35 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 +0.665%, 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 0.665% in total (about 34.7% 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_SYNUSD | 0.2660 | 0.1292 | pay 0.0162% / 1h | 55m 34s | $220K | $413K | 10x |
| Short | Binance SYNUSDT | 0.2662 | 0.0109 | get 0.0055% / 4h | 3h 55m | $13.7M | $35.5M | 10x |
Kraken Futures PF_SYNUSD
Binance SYNUSDTFunding 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
- −$248.44
- Price spread: +0.088% → −0.016%
- $10.44
- Slippage, 4 orders
- −$93.25
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$351.26
- Costs to cover
- 1.133%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 36 min ago; Binance: live order book, 5 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, 36 min ago | 24.03 bp | 35.2 bp −$35 | 410.6 bp −$4,106 | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 0.75 bp | 14.7 bp −$15 | 174.6 bp −$1,746 | doesn't fit | doesn't fit |
SYN on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SYNUSDT | +0.0100% | 4h | 0.2661 | +0.028% | $1.6M | $2.9M | 10x | as long as short |
| Orderly PERP_SYN_USDC_mythos | +0.0100% | 4h | 0.2657 | −0.100% | $5K | $35K | 10x | as long as short |
| Phemex SYNUSDT | +0.0100% | 4h | 0.2658 | −0.055% | $1.7M | $1.7M | 50x | as long as short |
| MEXC SYN_USDT | +0.0106% | 4h | 0.2660 | +0.009% | $3.7M | $5.7M | 50x | as long as short |
| Binance SYNUSDTshort | +0.0109% | 4h | 0.2662 | +0.088% | $13.7M | $35.5M | 10x | |
| BingX SYN-USDT | +0.0120% | 4h | 0.2661 | +0.032% | — | $2.9M | — | as long as short |
| Kraken Futures PF_SYNUSDlong | +0.1292% | 1h | 0.2660 | long leg | $220K | $413K | 10x | |
| Aster SYNUSDT | +0.1992% | 4h | 0.2660 | +0.024% | $3.0M | $747K | 5x | as long as short |
Bitget SYNUSDT
Orderly PERP_SYN_USDC_mythos
Phemex SYNUSDT
MEXC SYN_USDT
BingX SYN-USDT
Aster SYNUSDT