Funding you earn now, next payment 05:00 UTC−0.1477%/8h= −161.7% APRpaid last 24h −0.236%
Price spread now: Bitget against Kraken Futures−0.103%7-day average +0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$170as in the Funding arb table
Net, price: spread back to 7d avg − costs−$211as in the Price arb table
costs, in and out, $10k−$1981.978% of the position
Funding, last 7 days+0.277%+$28 on $10k
+Price spread, last 4 days (all we have)+0.169%+$17 · spread now −0.103%, 7d avg +0.026%
=Both sides work against this trade now: funding costs −$44 a day on $10k at the current rate, and Bitget is 0.130% cheaper against Kraken Futures than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.026%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.277%, 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 0.277% in total (about 14.4% 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 | 0.2448 | 0.1577 | pay 0.0197% / 1h | 53m 10s | $199K | $725K | 10x |
| Short | Bitget SYNUSDT | 0.2445 | 0.0100 | get 0.0050% / 4h | 3h 53m | $1.3M | $3.2M | 10x |
Kraken Futures PF_SYNUSD
Bitget SYNUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$310.12
- Price spread: −0.103% → +0.026%
- −$12.95
- Slippage, 4 orders
- −$175.75
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$520.83
- Costs to cover
- 1.978%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 65 min ago; Bitget: 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, 65 min ago | 35.01 bp | 44.5 bp −$45 | 293.3 bp −$2,933 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 8.74 bp | 39.6 bp −$40 | 184.4 bp −$1,844 | 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 SYNUSDTshort | +0.0100% | 4h | 0.2445 | −0.103% | $1.3M | $3.2M | 10x | |
| Orderly PERP_SYN_USDC_mythos | +0.0100% | 4h | 0.2443 | −0.218% | $4K | $39K | 10x | as long as short |
| Phemex SYNUSDT | +0.0100% | 4h | 0.2447 | −0.030% | $1.6M | $1.8M | 50x | as long as short |
| Binance SYNUSDT | +0.0116% | 4h | 0.2446 | −0.083% | $12.2M | $42.6M | 10x | as long as short |
| MEXC SYN_USDT | +0.0120% | 4h | 0.2446 | −0.083% | $3.0M | $7.7M | 50x | as long as short |
| BingX SYN-USDT | +0.0122% | 4h | 0.2445 | −0.116% | — | $3.2M | — | as long as short |
| Kraken Futures PF_SYNUSDlong | +0.1577% | 1h | 0.2448 | long leg | $199K | $725K | 10x | |
| Aster SYNUSDT | +0.1803% | 4h | 0.2449 | +0.040% | $2.8M | $1.0M | 5x | as long as short |
Orderly PERP_SYN_USDC_mythos
Phemex SYNUSDT
Binance SYNUSDT
MEXC SYN_USDT
BingX SYN-USDT
Aster SYNUSDT