Funding you earn now, next payment 00:00 UTC+0.1277%/8h= +139.8% APRpaid last 24h −0.142%
Price spread now: Bitget against Kraken Futures−0.105%7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$251as in the Funding arb table
Net, price: spread back to 7d avg − costs−$191as in the Price arb table
costs, in and out, $10k−$1881.879% of the position
Funding, last 7 days−0.628%−$63 on $10k
+Price spread, last 3 days (all we have)+0.155%+$16 · spread now −0.105%, 7d avg −0.077%
=Funding pays, the price is against you. Bitget is 0.028% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.105% now, against its 7-day average of −0.077%). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$38 a day). Mind the row above: over the last 7 days funding on this pair cost −0.628%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.628% in total (about -32.8% 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 | Kraken Futures PF_SPXUSD | 0.5064 | −0.1177 | get 0.0147% / 1h | 28m 09s | $240K | $559K | 20x |
| Short | Bitget SPXUSDT | 0.5059 | 0.0100 | get 0.0050% / 4h | 28m 09s | $2.6M | $1.4M | 50x |
Kraken Futures PF_SPXUSD
Bitget SPXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Kraken Futures. 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
- $268.15
- Price spread: −0.105% → −0.077%
- −$2.83
- Slippage, 4 orders
- −$165.91
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $77.41
- Costs to cover
- 1.879%
- Break-even
- 5.0 days
Slippage from Kraken Futures: live order book, 50 min ago; Bitget: live order book, 4 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 Kraken Futures live order book, 50 min ago | 19.14 bp | 71.9 bp −$72 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 8.88 bp | 33.9 bp −$34 | 75.7 bp −$757 | 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_SPXUSDlong | −0.1177% | 1h | 0.5064 | long leg | $240K | $559K | 20x | |
| Variational Omni SPX | −0.0012% | 4h | 0.5046 | −0.364% | $837K | $1.3M | — | as long as short |
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −1.685% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5056 | −0.173% | $116K | $319K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5060 | −0.076% | $9.9M | $7.7M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5053 | −0.231% | $128K | $110K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5055 | −0.186% | $5.0M | $21.0M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5045 | −0.382% | $11.5M | $16.1M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5053 | −0.224% | $961K | $2.8M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5052 | −0.244% | $1.0M | $500K | 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 | 0.5054 | −0.204% | $11.2M | $4.7M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5054 | −0.204% | $3.7M | $5.3M | 50x | as long as short |
| Bitget SPXUSDTshort | +0.0100% | 4h | 0.5059 | −0.105% | $2.6M | $1.4M | 50x | |
| BingX SPX-USDT | +0.0100% | 4h | 0.5052 | −0.244% | — | $6.9M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5050 | −0.283% | $45K | $246K | 25x | as long as short |
| Orderly PERP_SPX_USDC | +0.0100% | 4h | 0.5063 | −0.026% | $20K | $711 | 10x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5044 | −0.402% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5054 | −0.203% | $34K | $228K | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5060 | −0.086% | $249K | $986K | 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