Funding you earn now, next payment 00:00 UTC+0.0618%/8h= +67.7% APRpaid last 24h −0.005%
Price spread now: Kraken Futures against BingX+0.352%7-day average +0.161% · you sell dearer than you buy
Net, funding: paid 7d − costs−$274as in the Funding arb table
Net, price: spread back to 7d avg − costs−$261as in the Price arb table
costs, in and out, $10k−$2802.801% of the position
Funding, last 7 days+0.064%+$6 on $10k
+Price spread, last 3 days (all we have)−0.442%−$44 · spread now +0.352%, 7d avg +0.161%
=Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Kraken Futures is 0.191% dearer against BingX than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.161%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.064% in total (about 3.3% 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 W-USDT | 0.01179 | 0.0100 | pay 0.0050% / 4h | 22m 17s | — | $6.9M | — |
| Short | Kraken Futures PF_WUSD | 0.01183 | 0.0718 | get 0.0090% / 1h | 22m 17s | $147K | $181K | 20x |
BingX W-USDT
Kraken Futures PF_WUSDFunding 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
- $129.85
- Price spread: +0.352% → +0.161%
- $19.07
- Slippage, 4 orders
- −$260.13
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$131.22
- Costs to cover
- 2.801%
- Break-even
- 14.1 days
Slippage from BingX: live order book, just now; Kraken Futures: live order book, 55 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, just now | 4.24 bp | 25.4 bp −$25 | 59.3 bp −$593 | 667.0 bp −$66.7K | 1109.5 bp −$554.7K |
| Sell Kraken Futures live order book, 55 min ago | 10.60 bp | 49.1 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX W-USDT-SWAP | −0.0016% | 4h | 0.01179 | 0.000% | $1.3M | $2.0M | 20x | as long as short |
| Deribit W_USDC-PERPETUAL | −0.0004% | 1h | 0.01180 | +0.102% | $17K | $1K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.518% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01181 | +0.144% | $2.0M | $421K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01181 | +0.119% | $2.9M | $6.8M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01178 | −0.093% | $4.1M | $1.9M | 50x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01178 | −0.076% | $445K | $291K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01180 | +0.059% | $12.8M | $1.5M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01182 | +0.229% | $465K | $215K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01181 | +0.144% | $1.3M | $572K | 50x | as long as short |
OKX W-USDT-SWAP
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDTlong | +0.0100% | 4h | 0.01179 | long leg | — | $6.9M | — | |
| Variational Omni W | +0.0100% | 4h | 0.01178 | −0.101% | $71K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01180 | +0.075% | $130K | $363K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01180 | +0.040% | $59K | $228K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0248% | 1h | 0.01183 | +0.305% | $14K | $16K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.0513% | 1h | 0.01182 | +0.220% | $44K | $46K | 15x | as long as short |
| Kraken Futures PF_WUSDshort | +0.0718% | 1h | 0.01183 | +0.352% | $147K | $181K | 20x |
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP