Funding you earn now, next payment 06:00 UTC+0.1391%/8h= +152.3% APRnext payment +$1.74 per $10,000 · paid last 24h +0.233%
Price spread now: Kraken Futures against Injective+3.666%63s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$42 a day on $10k at the current rate, and Kraken Futures is 3.666% dearer against Injective than usual: you sell high and buy low: +$367 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective SPX/USDC PERP | 0.4979 | 0.0033 | pay 0.0004% / 1h | 20m 04s | $9 | $4K | 5.5x |
| Short | Kraken Futures PF_SPXUSD | 0.5162 | 0.1424 | get 0.0178% / 1h | 20m 04s | $252K | $538K | 20x |
Injective SPX/USDC PERP
Kraken Futures PF_SPXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Injective. 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
- $292.08
- Price spread: +3.666% → 0.000%
- $366.59
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $648.65
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 28 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 28 min ago | 44.99 bp | 67.5 bp −$67 | 171.9 bp −$1,719 | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 PERPlong | +0.0033% | 1h | 0.4979 | long leg | $9 | $4K | 5.5x | |
| Lighter SPX | +0.0096% | 1h | 0.5151 | +3.453% | $140K | $380K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5149 | +3.420% | $10.5M | $7.9M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5126 | +2.962% | $137K | $130K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5151 | +3.460% | $5.1M | $22.5M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5145 | +3.334% | $11.7M | $17.1M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5156 | +3.555% | $945K | $3.2M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5137 | +3.173% | $1.0M | $607K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5147 | +3.374% | $11.9M | $5.2M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5140 | +3.234% | $3.7M | $5.4M | 50x | as long as short |
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 | 0.5147 | +3.374% | $2.7M | $1.5M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5151 | +3.455% | — | $6.9M | — | as long as short |
| Variational Omni SPX | +0.0100% | 4h | 0.5076 | +1.950% | $935K | $1.5M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5052 | +1.466% | $26K | $255K | 25x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5138 | +3.193% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5145 | +3.325% | $34K | $253K | 10x | as long as short |
| Orderly PERP_SPX_USDC | +0.0180% | 4h | 0.5144 | +3.314% | $20K | $599 | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5084 | +2.109% | $248K | $1.0M | 75x | as long as short |
| Kraken Futures PF_SPXUSDshort | +0.1424% | 1h | 0.5162 | +3.666% | $252K | $538K | 20x |
Bitget SPXUSDT
BingX SPX-USDT
Variational Omni SPX
ApeX Omni SPXUSDT
SunX SPX-USDT
Extended SPX-USD
Orderly PERP_SPX_USDC
BloFin SPX-USDT