Funding you earn now, next payment 22:00 UTC−0.0515%/8h= −56.3% APRpaid last 24h +0.128%
Price spread now: Kraken Futures against Bitget−0.027%7-day average +0.083% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1181.180% of the position
Funding, last 7 days+0.668%+$67 on $10k
+Price spread, last 3 days (all we have)−0.202%−$20 · spread now −0.027%, 7d avg +0.083%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Kraken Futures is 0.110% cheaper against Bitget than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.083%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.668%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SPXUSDT | 0.5011 | 0.0100 | pay 0.0050% / 4h | 2h 45m | $2.6M | $1.4M | 50x |
| Short | Kraken Futures PF_SPXUSD | 0.5010 | −0.0415 | pay 0.0052% / 1h | 45m 39s | $229K | $560K | 20x |
Bitget SPXUSDT
Kraken Futures PF_SPXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. 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
- −$108.06
- Price spread: −0.027% → +0.083%
- −$11.02
- Slippage, 4 orders
- −$96.03
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$237.11
- Costs to cover
- 1.180%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; Kraken Futures: live order book, 42 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 Bitget live order book, 2 min ago | 6.98 bp | 22.1 bp −$22 | 54.9 bp −$549 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 42 min ago | 7.83 bp | 38.4 bp −$38 | 138.7 bp −$1,387 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SPXUSDshort | −0.0415% | 1h | 0.5010 | −0.027% | $229K | $560K | 20x | |
| Variational Omni SPX | −0.0022% | 4h | 0.5000 | −0.219% | $844K | $1.3M | — | as long as short |
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −0.639% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5013 | +0.050% | $116K | $318K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5013 | +0.034% | $9.8M | $7.2M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5015 | +0.080% | $123K | $97K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5010 | −0.023% | $4.9M | $19.5M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5005 | −0.120% | $11.6M | $15.4M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5006 | −0.100% | $975K | $2.6M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5007 | −0.080% | $1.0M | $476K | 50x | as long as short |
Variational Omni SPX
Injective SPX/USDC PERP
Lighter SPX
Hyperliquid SPX
Aster SPXUSDT
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPX_USDT | +0.0100% | 4h | 0.5010 | −0.020% | $11.5M | $4.5M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5010 | −0.020% | $3.8M | $5.2M | 50x | as long as short |
| Bitget SPXUSDTlong | +0.0100% | 4h | 0.5011 | long leg | $2.6M | $1.4M | 50x | |
| BingX SPX-USDT | +0.0100% | 4h | 0.5012 | +0.020% | — | $6.9M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5009 | −0.040% | $45K | $248K | 25x | as long as short |
| Orderly PERP_SPX_USDC | +0.0100% | 4h | 0.5018 | +0.140% | $20K | $711 | 10x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5001 | −0.200% | $8K | $1.6M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5008 | −0.069% | $34K | $226K | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5008 | −0.060% | $253K | $906K | 75x | as long as short |
MEXC SPX_USDT
KuCoin SPXUSDTM
BingX SPX-USDT
ApeX Omni SPXUSDT
Orderly PERP_SPX_USDC
SunX SPX-USDT
Extended SPX-USD
BloFin SPX-USDT