Funding you earn now, next payment 06:00 UTC+0.1325%/8h= +145.1% APRnext payment +$1.66 per $10,000 · paid last 24h +0.214%
Price spread now: Kraken Futures against ApeX Omni−0.248%75s7-day average +0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1491.491% of the position
Funding, last 7 days+0.629%+$63 on $10k
+Price spread, last 4 days (all we have)+0.204%+$20 · spread now −0.248%, 7d avg +0.064%
=Funding pays, the price is against you. Kraken Futures is 0.313% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.248% now, against its 7-day average of +0.064%). If the spread goes back, that is −$31 on $10k: about 19 hours of funding at the current rate (+$40 a day). At the pace of the last 7 days (+0.629% in total) that is about 3.5 days. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.629% in total (about 32.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.66 per $10,000. 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 | ApeX Omni SPXUSDT | 0.5171 | 0.0100 | pay 0.0013% / 1h | 16m 13s | $26K | $254K | 25x |
| Short | Kraken Futures PF_SPXUSD | 0.5158 | 0.1425 | get 0.0178% / 1h | 16m 13s | $253K | $539K | 20x |
ApeX Omni SPXUSDT
Kraken Futures PF_SPXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against ApeX Omni. 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
- $278.28
- Price spread: −0.248% → +0.064%
- −$31.28
- Slippage, 4 orders
- −$129.12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $97.88
- Costs to cover
- 1.491%
- Break-even
- 4.5 days
Slippage from ApeX Omni: live order book, 30 min ago; Kraken Futures: live order book, 32 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 ApeX Omni live order book, 30 min ago | 7.84 bp | 15.7 bp −$16 | 109.3 bp −$1,093 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 32 min ago | 44.99 bp | 67.5 bp −$67 | 171.9 bp −$1,719 | doesn't fit | doesn't fit |
SPX on 19 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −3.713% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5152 | −0.369% | $140K | $380K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5156 | −0.292% | $10.5M | $7.9M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5165 | −0.118% | $138K | $130K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5151 | −0.378% | $5.1M | $22.6M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5144 | −0.522% | $11.7M | $17.2M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5151 | −0.387% | $943K | $3.2M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5149 | −0.425% | $1.0M | $610K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5151 | −0.387% | $11.9M | $5.2M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5150 | −0.406% | $3.7M | $5.4M | 50x | as long as short |
Injective SPX/USDC PERP
Lighter SPX
Hyperliquid SPX
Aster SPXUSDT
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
MEXC SPX_USDT
KuCoin SPXUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SPXUSDT | +0.0100% | 4h | 0.5151 | −0.387% | $2.7M | $1.5M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5145 | −0.503% | — | $6.9M | — | as long as short |
| Variational Omni SPX | +0.0100% | 4h | 0.5076 | −1.835% | $935K | $1.5M | — | as long as short |
| ApeX Omni SPXUSDTlong | +0.0100% | 1h | 0.5171 | long leg | $26K | $254K | 25x | |
| SunX SPX-USDT | +0.0100% | 4h | 0.5148 | −0.445% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5144 | −0.520% | $34K | $254K | 10x | as long as short |
| Orderly PERP_SPX_USDC | +0.0192% | 4h | 0.5158 | −0.251% | $20K | $599 | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5155 | −0.309% | $245K | $1.0M | 75x | as long as short |
| Kraken Futures PF_SPXUSDshort | +0.1425% | 1h | 0.5158 | −0.248% | $253K | $539K | 20x |
Bitget SPXUSDT
BingX SPX-USDT
Variational Omni SPX
SunX SPX-USDT
Extended SPX-USD
Orderly PERP_SPX_USDC
BloFin SPX-USDT