Kraken turned up in three of the four widest funding gaps between venues in the Oct 20 reading at 15:52 UTC, and on both ends. It was the cheapest place to hold a leveraged long in $BNB and $LTC, and the most expensive for $AVAX .
Funding is the fee longs pay shorts each period. For BNB, Kraken and DigiFinex sat 0.1% per 8 hours apart. Avalanche showed the same 0.1% gap, and Litecoin's gap against XT was 0.08%.
Dogwifhat topped the board at 0.11% per 8 hours, with Delta the cheapest venue for longs. On a modeled basis that gap works out to 109.08% a year after fees. The estimate assumes today's spread holds all year and is not a realized return.
Funding is the fee longs pay shorts each period. For BNB, Kraken and DigiFinex sat 0.1% per 8 hours apart. Avalanche showed the same 0.1% gap, and Litecoin's gap against XT was 0.08%.
Dogwifhat topped the board at 0.11% per 8 hours, with Delta the cheapest venue for longs. On a modeled basis that gap works out to 109.08% a year after fees. The estimate assumes today's spread holds all year and is not a realized return.